HARTFORD, Conn. – Republican gubernatorial candidate Tom Foley released partial 2010, 2011, and 2012 tax returns Friday afternoon at a law office in Hartford.
The federal returns show the Greenwich businessman, who files separately from his current wife Leslie Fahrenkopf, had a good 2010 with an adjusted gross income of $1.02 million, but he took a big loss of $2.8 million on an S-Corp. bringing his adjusted gross income down to a -$65,705.
Foley’s spokesman Mark McNulty did not know if the loss was on multiple S-Corps.
In 2012, Foley’s taxable income jumped back up to $100,059 and brought his adjusted gross income back up to $20,462.
See the complete story at CT News Junkie.
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