Quinn's Tax Hike Hits His Pocketbook | NBC Chicago
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Quinn's Tax Hike Hits His Pocketbook



    Governor Pat Quinn paid significantly more in income taxes this year, according to his returns released by his office on Friday.

    In 2011, Quinn earned $201,066 overall but paid $45,845 in income taxes according to the release.

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    A breakdown of his income taxes shows that Quinn paid $7,750.73 in state income taxes, which is an increase from the $4,400 he paid in 2010.

    Last year, Quinn raised the Illinois income tax rate from 3 to 5 percent. The 66 percent hike in personal income tax was signed into law as an effort to deal with the state's staggering budget crisis.

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    Quinn's total earnings breakdown to $157,321.60 in salary as governor,$42,500 from a simplified employee pension retirement plan, a taxable refund of $1,222, interest income of $4.81, and $18.04 in income from the "Foreign Currency Fee litigation settlement fund."

    The report also shows that Quinn donated $11,562.72 to charity.