- Associated Press - Friday, May 20, 2016

DES MOINES, Iowa (AP) - Tax returns for Gov. Terry Branstad and his wife show they earned $185,249 in 2015 and made sizable charity donations.

The Des Moines Register (https://dmreg.co/1svwbcR ) reports Branstad’s 48-page tax return was made available to the media Friday at the Iowa Capitol.

The documents show the governor made a little over $31,000 in donations to Iowa charities, which is well over the average of about $4,000 in donations for his income level.

The donations, which include money for nine Catholic charities, helped lower Branstad’s federal income tax rate to 10.18 percent, compared to the average rate of 13.89 percent.

Branstad was paid $127,734 for serving as governor. He paid $18,859 in federal taxes and will be refunded $11,784.

He paid $2,629 in state taxes and will get $7,349 back.


Information from: The Des Moines Register, https://www.desmoinesregister.com

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