Buttigieg – whose taxes show he has the lowest income of all Democratic presidential candidates who have so far released their taxes – is the newest Democratic candidate to release his returns. The publication is in line with what previous presidential candidates have done, and is a direct accusation from President Donald Trump, who did not focus on his own finances.
Buttigieg and his husband Chasten, a teacher, had an adjusted gross income of $ 152,643 last year and paid an effective tax rate of 13%.
Before their wedding in 2018, Buttigieg filed a single taxpayer. Its adjusted gross income in 2017 was $ 133,565. He earned $ 109,245 as mayor of South Bend and about $ 25,000 as an advance to write his book "Shortest Way Home" after spending.
Buttigieg is one of a handful of Democratic candidates who have released their taxes as they walked around the streets of the presidency. Senator Cory Booker and Rep. Tim Ryan released their taxes last week, and Sen. Bernie Sanders, former MP Beto O 'Rourke and others released their taxes earlier this year.
Buttigieg's advisor has been saying for months that he would release his taxes as soon as he officially went into the race. The Mayor of South Bend officially announced this month with a rally in his hometown after months of "exploring" a 2020 run.
Buttigieg, who began his term as mayor in 201
Due to his public service and military service, Buttigieg had years in which his income was closer to the average US income than that of any other democratic candidate. In 2017, these were $ 61,372 per census bureau.
Buttigieg had an adjusted gross income of $ 46,150 in 2014 because he was sent to Afghanistan and was unpaid as mayor.
And while he achieved adjusted gross income of $ 106,635 in 2012 and $ 116,053 in 2013 – his first two years as mayor – Buttigieg had an adjusted gross income of $ 7,115 in 2011, when he was 29, the year in which he took office.
This year he owed no taxes. Along with his mortgage rates and property taxes, he had a negative taxable income and thus received a earned income tax credit of $ 1,085.
In 2010 he gave up his job to run for the Treasury Treasurer – a race he lost – and had an adjusted gross income of 33,824 US dollars.
Prior to serving as mayor of South Bend, Buttigieg worked for McKinsey & Company, a multinational management consulting firm. Buttigieg's adjusted gross income for 2009 was $ 149,827, the tax return he spent a year from his time at McKinsey.