MN Governor paid $89K in state & federal taxes in 2012

By KBJR News 1

MN Governor paid $89K in state & federal taxes in 2012

November 12, 2013 Updated Nov 12, 2013 at 8:39 PM CDT

St. Paul, MN (NNCNOW.com) - Governor Mark Dayton paid more than $89,000 in state and federal taxes according to 2012 tax returns made public Tuesday.

The governor reported a total Income last year of $343,234 dollars from salary, dividends, and capital gains.

His effective tax rate was 29.75%.

Dayton had filed an extension earlier in the year.

When releasing the information, the Governor noted the effective tax rate is lower than published federal and state income tax rates, because income from dividends and capital gains is taxed at a lower federal rate than earned income.

Governor Dayton pointed out that he opposed that differential tax treatment of different sources of income, when he was a U.S. Senator.

Michelle Lee