AG Abbott releases tax returns [View all]
AUSTIN, Texas —
Texas Attorney General Greg Abbott released personal tax returns Friday that show the Republican gubernatorial candidate earning about $200,000 a year but do not reflect millions of tax-exempt dollars made from a settlement following his 1984 accident that left him paralyzed from the waist down.
Abbott has received more than $5 million and counting from suing the owner of a tree that fell on him during a jog as a young law student. That money is not taxable income, which is common in personal injury settlements. But it also makes his federal tax returns since 2010 an incomplete picture of the wealth of Texas' top cop, who is the early favorite to replace Gov. Rick Perry in 2014.
Abbott provided The Associated Press with copies of his 2010-12 returns. But in an interview with AP, he would not commit to releasing earlier filings.
"This covers a solid background since I last ran for election," said Abbott, who was first elected attorney general in 2002.
More at http://www.statesman.com/ap/ap/texas/apnewsbreak-ag-abbott-releases-tax-returns/nZg37/ .
[font color=green]Included in the disclosure of the tax returns is an investment in a Chinese Internet company.[/font]
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