Report: Michigan's governor worked for $1 in 2011, made $1.9M
LANSING, Mich. (AP) - Michigan Gov. Rick Snyder reported a gross income of about $1.9 million in 2011, when he says he gave back all but $1 of his state salary.
A federal income tax return reviewed by the Detroit Free Press says the Republican and former venture capitalist had capital gains income of just more than $1.3 million in 2011. He reported dividend income of more than $350,000, wages of $141,547, interest income of nearly $54,000 and real estate income of just more than $6,000.
Snyder paid federal income taxes of nearly $273,000 on taxable income of nearly $1.4 million. That's an effective tax rate of 19.8 percent.
Snyder reported giving just more than $196,000 to charity.
Snyder filed jointly with his wife, Sue Snyder, whose occupation was listed as a homemaker.