Domestic Taxes

Rubio’s tax returns show boost from book deals

Sen. Marco Rubio released his last five years of tax returns Saturday afternoon, becoming the first of the three top Republican candidates to do so. 

{mosads}”We’re putting these out today to put pressure on Trump and the other candidates to release theirs,” said Rubio campaign spokesman Alex Conant. “To the extent there are additional questions about Marco, we won’t rule out providing more information in the future.”

The pressure started when former Massachusetts Gov. Mitt Romney, the party’s 2012 presidential nominee, called on Trump to release his tax returns. Romney, who was dogged about his wealth during his campaign, suggested there could be “a bombshell” in Trump’s returns.

Sen. Ted Cruz said he would release his by Friday afternoon. Campaign spokeswoman Catherine Frazier told the Associated Press that they’re “pulling them together.”

Rubio’s’ income has been anchored by his Senate salary since 2011 with boons from book deals, according to the AP. He made almost $930,000 in adjusted gross income in 2012 and almost $566,000 in 2013.

Rubio took in $183,826 in 2010, $276,059 in 2011, and $335,561 in 2014.

Rubio’s tax rate was as low as 9.4 percent in 2010 and as high as 27.4 percent in 2012. His average since 2010 is 23 percent. The documents he released were not his full tax returns, but the first few pages of his 1040 forms.