Speaker Newt Gingrich and Mrs. Gingrich Release 2010 Income Tax Return and Gingrich Foundation Tax Return
Atlanta, GA - Today, Newt and Callista Gingrich released their 2010
federal income tax return, which they filed jointly with the Internal
Revenue Service.
The income tax return shows that for 2010, Speaker and Mrs. Gingrich
owed federal taxes of $994,708 on an adjusted gross income of
$3,142,066. $613,517 of the tax amount owed had been previously
withheld or otherwise paid, and the couple paid the remaining balance
due of $382,734 (which included an estimated $1,543 tax penalty) with
their filing.
Included in the wage and salary income reported on Speaker and Mrs.
Gingrich’s tax return is $450,245 in combined wages; $41,625 in income
from speaking and board of directors fees; $6,853 in rental income from
real estate holdings; $11,892 in ordinary dividends; $5,990 in
qualified dividends; and $2,525,683 in income from partnerships and S
corporations, including the Lubbers Agency Inc. and Gingrich Holdings,
Inc.
For the year 2010, the Speaker and Mrs. Gingrich reported $4,184 in net
short-term capital gains and $32,541 in net long-term capital
losses. Over the course of the year, the couple also contributed
$81,133 to various charities, including the Basilica of the National
Shrine of the Immaculate Conception.
Gingrich Foundation Tax Return
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