Kasich releases partial tax returns, raising pressure on Trump

Kasich releases partial tax returns, raising pressure on Trump
© Getty Images

Republican presidential candidate John Kasich released partial tax returns on Saturday, leaving Donald TrumpDonald John TrumpTrump says his advice to impeachment defense team is 'just be honest' Trump expands tariffs on steel and aluminum imports CNN's Axelrod says impeachment didn't come up until 80 minutes into focus group MORE as the only GOP contender who has yet to do so.

Kasich released the first two pages of his returns from 2008 to 2014. Over that time period, he and his wife, Karen, had adjusted gross income of almost $5.1 million and paid a total of about $1.3 million in federal income taxes. They also paid a total of about $376,000 in state taxes.

ADVERTISEMENT

The income came from sources including Kasich’s work as Ohio governor, as an employee at the now-defunct investment bank Lehman Brothers, as a commentator on Fox News and from investments, the campaign said.

The Kasiches had an average effective federal tax rate from 2008 to 2014 of 24.29 percent. The rate ranged from a low of 15.11 percent in 2013 to a high of 27.77 percent in 2010. 

Two of the governor's three remaining rivals for the Republican presidential nomination, Ted CruzRafael (Ted) Edward CruzJordan says he thinks trial will be over by next week The Hill's Morning Report — Dems detail case to remove Trump for abuse of power GOP-Biden feud looms over impeachment trial MORE and Marco RubioMarco Antonio RubioCommerce Department withdraws Huawei rule after Pentagon pushback: reports  Veronica Escobar to give Spanish-language response to Trump State of the Union address Senators press DHS over visa approval for Pensacola naval base shooter MORE, released partial tax returns last week.

Trump, a businessman and the front-runner for the nomination, has faced pressure to release his returns, but has said that he will not do so while the Internal Revenue Service is auditing him. The IRS said that nothing prevents taxpayers from releasing their returns during an audit.