Shaheen joins Brown in releasing tax returns for 8 years

CONCORD — Sen. Jeanne Shaheen and her husband, William, released eight years of federal tax returns Monday, showing their average adjusted gross income over the period 2006 through 2013 was $472,345.

 

Last Friday, her potential GOP general election challenger, Scott Brown, and his wife, Gail Huff, released their tax returns for the same period. Their total income averaged $455,329.

 

Shaheen’s effective tax rate for the past eight years was 23.18 percent, her campaign said. In 2010, when the Shaheens’ income dropped to $186,187 from $482,166 in 2009, they paid an effective rate of 6.19 percent.

 

“Senator Shaheen is keeping her word about releasing her tax returns and going above and beyond what is required by law in her commitment to transparency,” said spokesman Harrell Kirstein in a statement.

 

The Shaheens reported an adjusted gross income of $505,786 in 2013 and paid an effective tax rate of 25.14 percent.

 

According to the Shaheen campaign:

 

“The family’s home in Madbury, where they have lived for decades and raised their family, is in Senator Shaheen’s name. The majority of the investments and business interests are in Mr. Shaheen’s name because he makes all decisions on and controls those investments and interests.”

 

According to the Shaheen campaign, the Shaheens’ highest income during the eight-year period was $676,642 in 2012 and the low was $186,187 in 2010. The couple paid taxes of only $11,561 in 2010, but $172,407 in 2012. They gave approximately 2 to 3 percent of their income to charity annually, except in 2010, when they gave 7 percent.

 

According to the Brown campaign, the Browns’ highest income during the period was $839,520 in 2010 and the lowest income was $275,921 in 2007. Their taxes paid ranged from $60,103 to $237,447 in 2010. They gave between 1.5 percent and 3.23 percent of their income to charity.

Author: John DiStaso

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