Newsdeck: O'Rourke Reported Income Topping $370,000 in 2017 Tax Return By Bloomberg
O’Rourke, a former Texas congressman and one of the 18 candidates seeking the chance to run against President Donald Trump in 2020, paid $81,019 in taxes on $288,786 in taxable income, paying an effective tax rate of 28 percent. The taxable income factors in the credits, deductions and exemptions the O’Rourkes could claim, including tax breaks for their three children and deductions for investment fees.
O’Rourke and his wife gave $1,166 to charity in 2017, including $1,000 to Annunciation House in El Paso, which assists the poor and migrants. They gave $857 to charity in 2016, including $538 to Annunciation House. The latest year in which they gave more than $10,000 was in 2013, when they gave $12,900.
O’Rourke, 46, is running with an appeal to progressive voters while steering clear of the most left-wing ideas gaining popularity in the party. He has faced criticism about his lack of policy specifics in contrast to some of his rivals.
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