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Buttigieg releases 10 years of tax returns

Buttigieg releases 10 years of tax returns
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Democratic presidential contender Pete ButtigiegPete ButtigiegOVERNIGHT ENERGY: Senate majority offers Biden new avenues on Trump environmental rollbacks | Democrats eye action on range of climate bills | Biden pushing to cancel Keystone XL pipeline as soon as he takes office: reports Biden rolls out group of deputy secretary nominees On The Money: Retail sales drop in latest sign of weakening economy | Fast-food workers strike for minimum wage | US officials raise concerns over Mexico's handling of energy permits MORE on Tuesday released his tax returns, following similar moves by his rivals as they seek to distinguish themselves from President TrumpDonald TrumpGiuliani used provisional ballot to vote in 2020 election, same method he disparaged in fighting to overturn results Trump gets lowest job approval rating in final days as president Fox News' DC managing editor Bill Sammon to retire MORE, who has come under scrutiny for his personal finances.

Buttigieg, the mayor of South Bend, Ind., and a rising star in the crowded Democratic primary field, released 10 years of tax returns — from 2009 to 2018 — on his campaign website

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"Mayor Pete has always played by the rules," Buttigieg's campaign said in an email. "He’s paid his fair share, and he doesn’t have a whole lot of investments, which means no conflicts of interest or corporate boards. And unlike the current president, he doesn’t have anything to hide."

Rep. Tim RyanTimothy (Tim) RyanCapitol officer claims MAGA hat was part of ruse to rescue colleagues: report Tim Ryan, Rosa DeLauro giving free coffee and donuts to National Guard stationed at Capitol Agency IGs to probe breakdown in response to Capitol riots MORE (D-Ohio) and Sen. Cory BookerCory BookerOfficials brace for second Trump impeachment trial Sunday shows - Capital locked down ahead of Biden's inauguration Booker: It would be 'constitutionally dangerous' not to conduct full Trump impeachment trial MORE (D-N.J.) are the other presidential candidates to recently disclose their personal finances publicly. 

Other candidates who have released their tax returns are Sens. Kirsten GillibrandKirsten GillibrandDemocrats looking to speed through Senate impeachment trial With Senate at stake, Georgia is on all our minds Build trust in vaccines by investing in community workers MORE (D-N.Y.), Elizabeth WarrenElizabeth WarrenBiden's minimum wage push faces uphill battle with GOP What to watch for in Biden Defense pick's confirmation hearing Biden selects Gensler for SEC chair, Rohit Chopra to lead CFPB MORE (D-Mass.), Amy KlobucharAmy KlobucharGoogle completes Fitbit acquisition Hillicon Valley: Fringe social networks boosted after Capitol attack | Planned protests spark fears of violence in Trump's final days | Election security efforts likely to gain ground in Democrat-controlled Congress US Chamber of Commerce to stop supporting some lawmakers following the Capitol riots MORE (D-Minn.), Kamala HarrisKamala HarrisSenate majority offers Biden new avenues on Trump environmental rollbacks Empire State Building lights on eve of Biden inauguration to honor COVID-19 victims READ: Harris letter resigning from Senate ahead of inauguration MORE (D-Calif.) and Bernie SandersBernie SandersBiden pushing to cancel Keystone XL pipeline as soon as he takes office: reports Biden tax-hike proposals face bumpy road ahead Senate Democrats leery of nixing filibuster MORE (I-Vt.), as well as former Rep. Beto O'RourkeBeto O'RourkeBoebert appears to carry gun on Capitol Hill in new ad 7 surprise moments from a tumultuous year in politics Mexican president breaks with other world leaders, refusing to acknowledge Biden win until election is finalized MORE (D-Texas) and Washington Gov. Jay InsleeJay Robert InsleeThousands of troops dig in for inauguration OVERNIGHT ENERGY: Nine, including former Michigan governor, charged over Flint water crisis | Regulator finalizes rule forcing banks to serve oil, gun companies | Trump admin adds hurdle to increase efficiency standards for furnaces, water heaters Legislatures boost security after insurrection, FBI warnings MORE (D).

The candidates are releasing their tax returns in order to contrast themselves with Trump, who in 2016 became the first major-party nominee in decades to not make any of his tax returns public.

Trump has said he won't release his tax returns while under audit, though the IRS has said that nothing prevents people from releasing their own tax information.

Buttigieg's 2018 tax return shows that he and his husband, Chasten, had adjusted gross income of $152,643, and had total taxes of $20,136, for an effective tax rate of 13.2 percent. They claimed the standard deduction of $24,000.

The couple's 2018 adjusted gross income is about the same as Booker's adjusted gross income for 2018, and lower than the income reported on the 2018 returns of every other Democratic presidential candidate. Booker, who is unmarried, reported significantly less income in 2018 than he had in prior years when he had income from his book.

Buttigieg and his husband got married in 2018, so the most recent tax return is the first they filed jointly.

In 2017, Buttigieg had adjusted gross income of $133,565 — including income from his mayoral salary and from writing — and total tax of $28,830. He claimed $11,542 in itemized deductions, including $765 in charitable donations.

All of the tax returns Buttigieg released show adjusted gross income of under $200,000 for the year, and in several of the years he reported adjusted gross income of under $100,000.

In 2014, when he did not collect his mayoral salary while serving in Afghanistan, Buttigieg had adjusted gross income of $46,150. In 2011, when he first ran for mayor of South Bend, he had adjusted gross income of $7,115.

"As you can see, Pete’s not a millionaire," the Buttigieg campaign said. "He’s not funding this campaign through personal wealth, corporate PACs, or D.C. lobbyists. He’s running this campaign the same way he’s run his life — by being fair and decent."

Updated at 3:36 p.m.