The Iowa Governor Releases His 2012 Tax Returns
CREATED Apr. 19, 2013
DES MOINES - The Iowa Governor has made his personal income tax returns public.
Friday, Governor Terry Branstad showed he earned $226,728 and paid $32,734 in federal taxes last year.
The Governor is in the 28% tax bracket but paid an effective tax rate of 9% by donating to charities,
He got just over $12,000 back in a refund.
Branstad earned most of his income from his paycheck as governor totaling $121,188 and money from the state's retirement pension fund.
He also earned on his share of ownership in an Iowa banking company and consulting work he did before being elected Governor in 2010.