Friday, August 10, 2012
4:00 PM
Hovde paid almost $1.8 million in federal taxes last two years
Eric Hovde paid almost $1.8 million in federal taxes over the last two years, his campaign said today.
Hovde’s campaign said the hedge fund manager and community banker had an adjusted gross income of $5.8 million in 2010 and just more than $2 million in 2011.
His 2010 tax bill of $1.4 million on taxable income of $4.1 million equaled an effective tax rate of 35 percent, while the $315,901 he paid in 2011 amounted to an effective tax rate of 37 percent on $849,651 in taxable income.
-- By Staff
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