Newt Gingrich reveals his income tax rate of 31 percent
Former House Speaker Newt Gingrich paid 31 percent of his income in taxes in 2010, Gingrich told reporters today. The Associated Press reported that Gingrich revealed his tax rate while speaking to reporters in South Carolina. According to the Congressional Budget office, 31.2 percent was the tax rate on income for the top 1 percent of earners in 2010. That means Gingrich’s rate was twice as high as the rate paid by former Massachusetts Governor Mitt Romney.