Illinois gubernatorial candidate Bruce Rauner earned more than $60.15 million in 2013 and paid $17 million in federal and state taxes that year, according to partial income tax returns released Friday by the Republican's campaign.
The 1040 federal and state documents released by Rauner's campaign showed that the Winnetka businessman's combined tax rate last year was 27.5 percent.
Last year, Rauner made about $41 million in capital gains. Interest and dividends represented $14 million of the multimillionaire's 2013 earnings.
The Republican candidate for governor also gave more than $5 million to charity in 2013, with $1 million going to the Red Cross to help with the aftermath of the tornado in Washington, Illinois, Rauner's campaign said.
Illinois Gov. Pat Quinn's campaign has been calling on Rauner to release his full 2013 tax returns as well as schedules from previous years.
Brooke Anderson, the Quinn campaign's communications director, released the following statement after Rauner made his tax information public on Friday:
Republican billionaire Bruce Rauner’s partial disclosure of his 2013 tax returns shows that he not only he took in more than $60 million – he took in those millions at the same time he was running around Illinois advocating to cut the minimum wage.
Mr. Rauner’s disclosure is wholly insufficient and raises more questions than answers. What are his sources of income? What loopholes is he jumping through? Does he have any conflicts of interest in his finances? The voters don’t know because Mr. Rauner is hiding this information from them.
What we do know is this: Bruce Rauner took in $30,000 an hour last year while he sought to lower the minimum wage and he certainly can’t be trusted to look out for Illinois’ working families.
Lyndsey Walters, a spokeswoman for Rauner, pushed back on the Quinn campaign's “pathetic attack.”
“Bruce has already disclosed every investment that does business in Illinois and pledged a blind trust if elected governor,” Walters said, reported the Associated Press.
Quinn's 2013 tax returns, which he releases each year, show that the governor earned approximately $161,000. Meanwhile, in 2012, Rauner pulled in $53 million as seen in his tax returns for that year.