Reilly Releases 2005 Tax Returns
Attorney General and Gubernatorial candidate Tom Reilly today released his federal and state income tax returns for 2005.
Reilly, who filed his returns jointly with his wife, Ruth, a former
Belmont public school teacher, has previously released his returns for
the years 2002-2004, his current term as Attorney General. He has
called on all other candidates for Governor to release their tax
returns as well. To date, no other candidates have done so.
According to the documents, the Reillys' combined annual income for
2005 was $158, 248. They paid $35,280 in state and federal taxes, or
22.3 percent of their yearly income.
"It's pretty simple - this is a question of being open and honest with
voters," Reilly said. "People deserve to know where our money comes
from, what our financial interests are, and what potential conflicts we
may have as Governor."
The release of tax returns has been a basic standard of openness for
state and federal candidates of all parties. Every Democratic
gubernatorial candidate released his or her tax returns in 2002.
Massachusetts Republican Governors William Weld and Paul Cellucci
released their income tax returns, as has President George W. Bush and
Vice President Dick Cheney.