When the GOP says 50% of Americans don't pay taxes they're talking about their nominee for Governor

. . . of Illinois who paid NO TAXES in 2009 and 2008

*** UPDATED x5 *** Brady paid no federal/state taxes in 2008, no federal taxes in ‘09

Friday, Apr 23, 2010

* Bill Brady’s campaign just issued a summary of his adjusted gross income and the taxes he paid. The document shows he paid no state or federal taxes in 2008 because of a federal tax break. From the campaign…

Brady’s taxable income from 2009 came under a provision of the IRS in 2009 to help small business fight through and survive by allowing the sales of assets.

More from the campaign…

The Bradys paid 22 percent of their taxable income as taxes in the last six reporting periods. They contributed more than six percent to charity during that time.

During the past three years, due to the recession and the unprecedented housing recession the Brady partnerships and combined business’ has lost a significant amount of money. <…>

Anticipating the economic downturn, the Brady family began retooling their company in 2006. At its height, Brady Homes employed 34 employees. But facing the new economic reality, the company and staff had to be downsized through tough and painful decisions. The Realty side of the business saw a loss from 150 to 70 employees.

Here’s the summary…

2009

Adjusted Gross Income: $119,910
Taxable Income: $ 49,733
Federal Tax Paid $ -
State Tax Paid: $ 3,309

2008

Adjusted Gross Income: ($116,679)
Taxable Income: $ -
Federal Tax Paid: $ -
State Tax Paid: $ -

2007

Adjusted Gross Income: $372,355
Taxable Income: $318,796
Federal Tax Paid: $ 41,699
State Tax Paid: $ 10,802

2006

Adjusted Gross Income: $130,326
Taxable Income: $ 24,551
Federal Tax Paid: $ 1,228
State Tax Paid: $ 3,610

2005

Adjusted Gross Income $549,685
Taxable Income $466,314
Federal Tax Paid: $124,255
State Tax Paid: $ 20,058

2004

Adjusted Gross Income: $558,798
Taxable Income: $495,517
Federal Tax Paid: $158,454
State Tax Paid: $ 16,622

http://thecapitolfaxblog.com/2010/04/23/brady-paid-no-federalstate-taxes-in-2008-no-federal-taxes-in-09/#comments

spewers is about all the high taxes the democrats have raised since Obama has been in office...darn de darn...sometimes their lies do have a tendency to catch up with them.

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