Mayor of Chicago Reports Investment Income Far From Chicago (Cayman Islands)

EPJ13

“Rahm Emanuel, who released his tax returns for the first time as mayor Tuesday, reported earning more than $409,000 in 2012 from his city salary and income from investments.  Emanuel reported his $204,726 salary as mayor and another $158,823 in dividend income from investments with JPMorgan Chase Bank and Golub Capital Partners VII LP, as well as $9,519 from his partnership in the Golub investment fund. The mayor reported paying $77,740 in federal taxes, or a rate of about 21 percent, on adjusted gross income of $373,478.[…]Some of Emanuel’s investment income came from Golub entities with addresses in the Cayman Islands.”

http://www.economicpolicyjournal.com/2013/06/mayor-of-rahmaland-reports-investment.html

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