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Contributors in Minnesota: Patrick Condon, J. Patrick Coolican, Patricia Lopez, Ricardo Lopez, Abby Simons, Rachel E. Stassen-Berger and Glen Stubbe. Contributors in D.C.: Allison Sherry and Jim Spencer.

Dayton earned $352K last year, gave $10K to charity

Posted by: Rachel E. Stassen-Berger under Minnesota campaigns, Minnesota governor, Gov. Mark Dayton, Democrats, Republicans Updated: July 23, 2014 - 6:12 PM

Last year, Gov. Mark Dayton earned $352,601, a little less than half of which came from capital gains, according to tax returns he released on Wednesday.

The DFL governor, who has released his tax returns every year since 2010, gave $10,000 to charity and paid $76,008 in federal taxes and $29,932 in state taxes, for an effective tax rate of 30 percent.

The heir to the Dayton's department store fortune earned $116,092 from his state salary and $73,062 from dividends.

In 2012,  Dayton earned a similar amount from similar sources but only gave $1,000 to charity. He said at the time that he was" disappointed in myself," because of his lack of charitable contributions. He gave ten times more in 2013 than he gave in 2012. His total giving equaled about 3 percent of his 2013 income.

Releasing tax returns is not a requirement of Minnesota politicians. State law mandates only minimal release of economic interests.

In 2013, when Dayton released his tax information, Republican candidates for governor Kurt Zellers, Jeff Johnson and Scott Honour largely followed suit. They are expected to do so again this year.

Zellers’ spokeswoman Caitlyn Stenerson said he will not release his until post-primary because getting them ready would take too much precious time during the heated run-up to the August 12 election.

GOP candidate Marty Seifert declined to release his tax information last year and did so again this year.

"I don't think our income tax return is anyone's business, but can assure you our household income is less than the other GOP candidates and much less than Governor Dayton," Seifert said in a statement.

The four Republicans will vie in an August primary. The winner of that contest will face Dayton in the fall.

 

2013 Tax Returns by Rachel E. Stassen-Berger

Updated

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