Gingrich releases tax returns

The income tax return shows that for 2010, Speaker and Mrs. Gingrich owed federal taxes of $994,708 on an adjusted gross income of $3,142,066. $613,517 of the tax amount owed had been previously withheld or otherwise paid, and the couple paid the remaining balance due of $382,734 (which included an estimated $1,543 tax penalty) with their filing.

Included in the wage and salary income reported on Speaker and Mrs. Gingrich’s tax return is $450,245 in combined wages; $41,625 in income from speaking and board of directors fees; $6,853 in rental income from real estate holdings; $11,892 in ordinary dividends; $5,990 in qualified dividends; and $2,525,683 in income from partnerships and S corporations, including the Lubbers Agency Inc. and Gingrich Holdings, Inc.