Texas Governor Greg Abbott today released his income tax return for 2014, and it is something of a shocker. Abbott paid just $1,752 in taxes on $131,251 in adjusted gross income.
The low tax payment was because he had paid $51,778 in property taxes on his home in Austin and $44,257 in mortgage interest. His mortgage interest was almost ten times as much as the $4,495 in charitable donations he made.
His office tried to put a positive spin on the governor’s multimillion dollar home, though, by claiming his state, federal and local tax burden was 39.96 percent of his income.