Linda McMahon releases family’s 2011 tax returns, earnings of $24 million
After unveiling her 2010 tax returns to the Associated Press a few weeks ago, Linda McMahon released the 2011 tax returns for her family after continued pressure from her opponents.
In 2011, Vince and Linda McMahon earned a total of $24.1 million, and while that’s quite a lot, it’s a $6 million drop from their 2010 earnings. There will be an amendment to the report as the couple are still waiting for two missing documents regarding investment income. McMahon didn’t want to file her return before everything was in order but was advised to file and amend later.
“In the interest of just moving forward, Linda acted on that advice,” McMahon campaign spokesman Tim Murtaugh said.
The couple paid a total $3.6 million in federal taxes and an additional $1.72 million in state taxes. They also made nearly $2.3 million in charitable contributions, with $2 million of them going to the Vince and Linda McMahon Family Foundation.
The Foundation spent them all, and a bit more, totaling $2.4 million in donations to various groups including Connecticut Basketball Club Inc, East Carolina University, Sacred Heart University, Archdiocese of Hartford for a youth center and other organizations.