News

Wolf reports $2.2M in 2012 income

Written by The Associated Press | Apr 17, 2014 10:42 AM
TomWolf.jpg

(Harrisburg) -- Tom Wolf, a Democratic candidate for governor who took out a multi-million dollar loan to help finance his campaign, reported nearly $2.2 million in adjusted income in 2012.

Wolf, who runs a building materials distributor, released two pages of his 2012 tax return today after seeking an extension for 2013.

The Associated Press asked each gubernatorial candidate to release their entire tax return for 2013, or 2012 if they sought an extension.

Democrats Allyson Schwartz and Katie McGinty each released entire 2012 returns. Republican Tom Corbett and Democrat Rob McCord have yet to release theirs. Republican Bob Guzzardi is declining to release his.

In 2012, Wolf reported $263,000 in taxes and $586,000 in deductions and exemptions. Income included $1.5 million in ordinary dividends, $281,000 in salary and $237,500 in interest.

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