GOP gubernatorial candidate Dan Maes has refused to make his tax returns public and instead gave them to a tea party publication run by campaign supporters, which posted selected portions of the data.
The rest, Maes said Wednesday, is nobody’s business.
According to The Constitutionalist Today’s website, Maes averaged $89,000 per year in income from 2000 to 2004.
In 2005, Maes left his job with Advantage Credit Reporting and started his own small business. Maes reported personal income of $19,202 for 2005, $20,340 for 2006, and $51,678 for 2007, with business gross income of $39,130 for 2005, $182,230 for 2006, and $309,815 for 2007.
In 2008, his mortgage company took a big hit, and income plunged to $11,000.
Maes said running a small business has its ups and downs, but he paid the bills and his taxes. But unlike the other two candidates for governor, Maes would not disclose how much he paid in state and federal taxes.
“It really is nobody’s business how we survived. There has to be some level of privacy,” Maes said.
Maes said he had outside sources of income because sold a business in 1997 and got 10,000 shares of stock. He also sold a home in Illinois in 2000 that was not reflected in his earnings.
The other GOP hopeful, former congressman Scott McInnis, made four years of tax forms available Tuesday. They showed he earned $2.8 million and paid about $680,000 in taxes from 2005 to 2008. He didn’t release documents listing his business partnerships or his charitable giving.
Earlier this year, Democratic candidate John Hickenlooper released 22 years of tax returns but didn’t disclose the names of charities he supported. Hickenlooper’s records showed earnings of $16.5 million and $2.9 million in federal taxes over that time, most of it from his restaurant business.
From 2005 to 2008, Hickenlooper’s earnings totaled $8.6 million, and he paid $1.2 million in taxes.
– Associated Press