Tags: gomez | gop | earned | millions

GOP Candidate Gomez Earned $10 Million in Six Years

Thursday, 23 May 2013 02:49 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Gabriel Gomez, the Republican Senate nominee in Massachusetts, reported adjusted gross income of $10.1 million for the years in 2006-11 in tax returns he released Wednesday.

The former Navy Seal paid $2.1 million in taxes during that period, an effective tax rate of 21 percent, The Boston Globe reports. The low rate reflects the fact that much of his income came from private equity.

Private equity profits are taxed at the capital gains tax rate, which is lower than the ordinary income tax rate.

Gomez has been pressing his Democratic opponent Rep. Edward Markey to release his taxes for the first time in his 37-year career as a congressman. Markey has promised to provide the tax information "in the very near future," but has refused to set a date.

"Congressman Ed Markey is a Washington insider who refuses to come clean with the voters of Massachusetts," Gomez campaign spokesman Will Ritter said in a statement.

"Despite being paid by the taxpayers for the last 37 years, he still has yet to release a single year of tax returns. Gabriel Gomez has released his, what’s Congressman Ed Markey hiding?"


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Who Wins Senate Control? Nov. 4 Might Not Decide

Sunday, 21 Sep 2014 08:54 AM

A suspenseful election night is one thing, but what if it stretches out for a month? Or into next year?
A handful o . . .

George P. Bush: I'm Not Endorsing Anyone in 2016 Race

Saturday, 20 Sep 2014 18:45 PM

George P. Bush is not endorsing anyone for the White House in 2016, even if his father, former Florida Gov. Jeb Bush, be . . .

House Republicans Hire New Attorney for Obama Lawsuit

Saturday, 20 Sep 2014 17:15 PM

House Republicans Friday signed a contract with a new attorney torepresent them in their lawsuit against President Barac . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved