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Rob McKenna declines to join Jay Inslee in providing tax returns

Post by Jordan Schrader / The News Tribune on Aug. 28, 2012 at 10:43 am with No Comments »
August 29, 2012 9:53 am

The AP reports:

OLYMPIA, Wash. — Washington gubernatorial candidate Rob McKenna says he will not release any of his tax returns, calling the matter a distraction from important issues.

McKenna said Tuesday that he has disclosed enough information in the personal financial forms that candidates file with the state. He called the tax-return debate a “phony issue.”

Democratic rival Jay Inslee released five years of tax returns last week. Inslee’s campaign has been calling on McKenna to release tax returns.

The basics on both candidates’ finances are publicly known, even though we don’t have identical records to compare the two:

  • Inslee and his wife Trudi made about $237,000 last year and an average of about $187,000 over the past five years, according to his tax returns. Most came from his congressional salary.  In 2011, they paid $46,000 in taxes and gave $3,600 to charity.
  • McKenna makes about $152,000 as attorney general. His total 2011 income was somewhere between $152,000 and $184,000, based on the state financial forms, which require reporting of broad ranges. His campaign said he donates 3 percent of his salary to charity.

UPDATE 8/29: Inslee is correcting his returns to remove a questionable tax deduction on a country-club membership, the Seattle Times reports. His campaign says it was an error.

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