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Gingrich Releases 2010 Federal Income Tax Return, Made $3.1 Million

8:33 PM, Jan 19, 2012 • By DANIEL HALPER
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Newt Gingrich just now released his 2010 federal income tax return. According to the summary his campaign provided, "Speaker and Mrs. Gingrich owed federal taxes of $994,708 on an adjusted gross income of $3,142,066.  $613,517 of the tax amount owed had been previously withheld or otherwise paid, and the couple paid the remaining balance due of $382,734 (which included an estimated $1,543 tax penalty) with their filing."

Included in the wage and salary income reported on Speaker and Mrs. Gingrich’s tax return is $450,245 in combined wages; $41,625 in income from speaking and board of directors fees; $6,853 in rental income from real estate holdings; $11,892 in ordinary dividends; $5,990 in qualified dividends; and $2,525,683 in income from partnerships and S corporations, including the Lubbers Agency Inc. and Gingrich Holdings, Inc.

For the year 2010, the Speaker and Mrs. Gingrich reported $4,184 in net short-term capital gains and $32,541 in net long-term capital losses.  Over the course of the year, the couple also contributed $81,133 to various charities, including the Basilica of the National Shrine of the Immaculate Conception.

His completed 1040 is available on his website here, as well as his foundation's return.

Now, attention will again turn to Romney, as folks continue to speculate whether he'll release his income tax returns (and his foundation's).

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