AG Schuette, wife see income rise by 51% in 2015
Lansing — Attorney General Bill Schuette and his wife earned nearly $454,000 in 2015 and paid $109,738 in federal, state and city income taxes, according to an annual tax return released Friday.
Schuette and his wife, Cynthia, saw their household income rise in 2015 by 51 percent compared to 2014, largely due to a boost in capital gains and dividends from investments, Schuette’s 2014 and 2015 tax returns show.
The Schuettes reported paying $80,863 in federal income taxes, $19,636 in state income taxes, $526 for the city of Lansing’s income tax and $8,714 in Social Security and Medicare taxes.
For just the federal income tax, the Schuettes paid an effective tax rate of 17.8 percent on wages, pension, capital gains and dividend income. Schuette’s annual salary as attorney general is $112,410 and set by a state commission.
Schuette and his wife donated $48,093 to charity in 2015, according to Schuette’s office.
In 2014, the Schuettes reported $300,389 in adjust gross income, paying $54,941 in federal, state and local taxes and giving $68,128 in charitable donations.
For at least three straight years, Schuette has voluntarily released his income tax return on the Friday before Memorial Day.
In 2010, Schuette had his financial assets placed into a blind trust to avoid any conflicts between personal interests and his job as the state’s chief law enforcement officer.
Schuette, a Republican from Midland, was elected attorney general in 2010 and re-elected to a second and final four-year term in 2014. He is a former Michigan Court of Appeals judge, state senator, agriculture department director and congressman.