What Amy Klobuchar's newly released tax returns reveal

The presidential hopeful published 12 years of tax returns.
Author:
Publish date:
Sen. Amy Klobuchar in Storm Lake, Iowa, on March 31, 2019.

Sen. Amy Klobuchar in Storm Lake, Iowa, on March 31, 2019.

Sen. Amy Klobuchar published the past 12 years of tax returns on her 2020 campaign website Monday, including a message that says in part, "transparency and accountability are fundamental to good governance."

The returns cover from 2006-2017 – every year she has been a candidate for federal office.

She and husband John Bessler reported an income of $292,306 in that most recent filing, and paid $62,787 in federal taxes - an effective tax rate of 21.5 percent, The Hill reports. Their income came from Klobuchar's Senate salary, and Bessler's work as an attorney and professor.

It's grown steadily since 2006, when she was Hennepin County Attorney and first ran for the U.S. Senate. That year they reported $215,000 in income, paying $42,000 in federal taxes, The Hill reports.

The Washington Post also notes Klobuchar reported an extra $75,000 in income as a writer in 2015, the year she released her memoir “The Senator Next Door.”

You can parse through all of her released tax returns here.

Running for president and releasing tax returns

Klobuchar is the fourth Democratic 2020 hopeful to publicly release tax returns, the Washington Post says, following Sen. Elizabeth Warren of Massachusetts, New York Sen. Kirsten Gillibrand and governor of Washington Jay Inslee.

Klobuchar's decision to release her returns - as well as that message about transparency and accountability being "fundamental to good governance" - is a clear jab at President Donald Trump.

Sign up: Subscribe to our daily newsletters

While running in 2016, candidate Trump promised repeatedly to release his tax returns once an IRS audit was completed. That never happened, and in 2017 Trump walked it back to say he might release them once he's out of office, Politifact says.

While not required, releasing tax returns has become a standard for presidential candidates over the past four decades, CNN explains.

Trump's refusal to do so has led to questions about his business ties and tax schemes, which have been further fueled by guilty pleas and indictments of some of his business and campaign partners.

Next Up

duluth police department

Duluth police officer charged in September shooting

The officer, who is a five-year veteran, is charged with two felonies.

Screen Shot 2020-11-30 at 1.31.42 PM

Enbridge gets final approval to start construction on Line 3 replacement

The project has attracted criticism from environmental and tribal groups.

Kirk Cousins

Is it a 4-team race for the final NFC playoff spot?

The key for Minnesota likely requires winning on the road against two top NFC teams.

coronavirus

Nov. 30 COVID-19 update: Hospitalizations reach new high mark

There are fewer than 100 staffed ICU beds available in Minnesota.

TCF Bank Stadium

Saturday's Gophers-Northwestern game canceled

Minnesota is dealing with a COVID-19 outbreak in its football program.

frances mosley vandals

Minneapolis woman's home vandalized for a 7th time since March

The most recent incident happened on Thanksgiving.

Grand Cafe

Jamie Malone's Grand Cafe is closing, building owners say

Head chef Jamie Malone will continue operations at Eastside.

softball

High school softball coach accused of stealing booster funds

The 65-year-old is a coach at Lakeville South High School.

Related

flickr-amy-klobuchar-feb-2019-by-lorie-shaull

Klobuchar reveals plan to fix America's infrastructure

The senator says it will be her top priority if she becomes president.

flickr-klobuchar-iowa-march-2019-shaull

5 key takeaways from Klobuchar's town hall

The Monday event included an awkward viral moment, and some serious climate talk.

flickr-klobuchar-iowa-march-2019-shaull

What would Amy Klobuchar do in her first 100 days as president? A lot

She has released a list of 136 moves she would make from the White House.

Klobuchar will do town hall on Fox News

It could be a chance for the 2020 hopeful to reach conservative-leaning voters directly.

Screen Shot 2019-02-19 at 8.01.05 AM

What did Amy Klobuchar reveal at her CNN town hall?

The Minnesota senator took questions from citizens in New Hampshire.

flickr-klobuchar-iowa-march-31-2019-lorie-shaull

Report: Klobuchar campaign delayed staff pay to boost financial standing

The report says it helped the campaign to report bigger cash-on-hand figures.

Screen Shot 2019-09-13 at 7.38.42 AM

What did Amy Klobuchar say during the Democratic debate?

She joined her presidential rivals for the live debate on Thursday evening.

flickr-amy-klobuchar-feb-2019-by-lorie-shaull

Amy Klobuchar now polling in double digits in Iowa

The senator is gaining some ground in a crowded field.