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Foley releases partial tax returns

The general election is Tuesday, Nov. 4.
The general election is Tuesday, Nov. 4.

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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