Governor Dayton Tax Return 14 Jul 12

Governor Dayton has released his personal tax returns for last year. The governor, whose family wealth grew from the Dayton’s department store chain, reported a salary of about $105,000, and another $191,000 in capital gains. Dayton paid over $65,000 in federal taxes, which amounts to an effective federal tax rate of 25%. He paid about $32,000 in state income taxes, which amounted to a 9.6% effective tax rate.