Oberweis Releases Tax Returns, Paid Higher Tax Rate Than Durbin

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Republican Senate nominee Jim Oberweis (Sugar Grove) released his 2012 and 2013 federal income tax returns, revealing a higher tax return rate than his opponent, Sen. Dick Durbin (D-Springfield). The tax returns also depict Oberweis as making just over $1 million.

Oberweis’ tax returns showed the dairy magnate earned $1,053,490 in 2012 and $1,371,671 in 2013. His 2012 taxes totaled just under $300,000, of ran effective tax rate of 28.3 percent, while his 2013 taxes exceeded $400,000, for an effective tax rate of 32 percent. Durbin, meanwhile, has yet to release his 2013 tax information, but reported a 20.9 effective tax rate in 2012.

The main sources of income for Republican candidate came from his dairy business, Oberweis Diary, and his investment company, Oberweis Asset Management. His tax reports included just under $50,000 in donations to non-profit organizations, such as Chess in the Schools and Kids Golf, as well as other organizations that benefit disadvantaged children and families.

“I have been blessed to have business success and am grateful that success has translated into jobs and prosperity for Illinois families,” said Oberweis. “I want every Illinoisan to have a piece of the American dream. Unfortunately, under the leadership of Dick Durbin and his big government allies, jobs are scarce, poverty is rising and the poor and middle class are suffering in Illinois and America. We need to change that.”

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Justin Shimko

Justin Shimko is an award-winning writer and political analyst. He began as a reporter in his college days at the University of Oklahoma, writing for The Oklahoma Daily (rated as one of the best collegiate newspapers in the nation) and The Oklahoman, the statewide newspaper, winning awards from the CSPA and the Society of Professional Journalists. He later moved on to research and writing work for a number of political campaigns. His email is [email protected]

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