CHICAGO (Oct. 17, 2017) — Gov. Bruce Rauner today released his 2016 federal and state 1040s, reflecting income and tax rates, while detailing the Rauner family’s charitable and community giving last year.
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In 2016, the Rauners paid more than $22.9 million in federal and state taxes on federal taxable income of $73 million and state taxable income of $91 million. Their federal effective tax rate on income was 26.59 percen
In addition, the Rauners and their family foundation made charitable contributions totaling more than $6.6 million.
Rauner 2016 Tax Summary:
Total Income on Federal Return: $90,707,917
Adjusted Gross Income on Federal Return: $90,441,458
Taxable Income on Federal Return: $73,347,568
Federal Income Taxes Paid: $19,504,022
Federal Effective Tax Rate on Taxable Income: 26.6 percent
Federal Effective Tax Rate on Adjusted Gross Income: 21.5 percent
Illinois Taxable Income on State Return: $91,354,858
Illinois Income Taxes Paid: $3,248,605
