Republican gov candidate Bruce Rauner made $53 million in 2012
BY DAVE MCKINNEY Springfield Bureau Chief November 25, 2013 4:20PM
Updated: November 25, 2013 6:51PM
SPRINGFIELD — Venture capitalist Bruce Rauner released three years of federal tax returns Monday, showing that in 2012 he reported a whopping $53.4 million in net income.
In the most revealing look yet at his immense wealth, Rauner’s disclosure showed he paid $10.1 million in federal taxes, which amounted to an effective tax rate of 19 percent. He paid state government $2.6 million in taxes for the year.
“I’ve worked extremely hard and feel incredibly blessed to have earned financial success,” Rauner said in a prepared statement. “I’m driven by the challenge of business, the team building aspect and the problem solving, and I am passionate about giving back to the community.
“Capitalism is the greatest poverty fighting machine in the history of mankind, and I’m proud of the role I’ve played in it,” he said.
In 2011, Rauner reported $28.1 million in income and in 2010 $27.1 million.
Rauner announced that if he is elected governor, he would put all of his financial holdings in a blind trust.
“Illinoisans have been let down by too many politicians and deserve a governor they can trust to always put their interest first,” Rauner said in the statement. “That’s why I’m committed to establishing a blind trust if given the honor of being governor.
“I can’t be bought or intimidated by the special interests. As governor, I’ll be all about driving results for the people of Illinois,” he said.