Democratic nominee for governor Ned Lamont released his tax returns Friday.
The Greenwich businessman has paid millions in taxes in the last five years. Lamont reported federal income totaling nearly $18 million over the past five years – which is 253 times the median household income in Connecticut.
Lamont paid the highest effective tax rates in Connecticut and at the federal level. He went above and beyond when it came to charitable donations – donating $2.46 million to a host of causes. His campaign provided a list of 20, many of which are all over the state of Connecticut and beyond, like the Boys and Girls Club of Hartford and former Vice President Joe Biden’s cancer initiative.
Overall, he paid $1.3 million in state income taxes since 2013, and $3.4 million in federal income taxes over the same period.
It wasn’t all a perfect picture – he did report $1.3 million in losses over the past five years, and this is only a look at Ned’s filings – his wife Ann filed separately.
Republican Bob Stefanowski said of Lamont’s taxes, “I don't begrudge Ned for inheriting his fortune, however, it seems to have put him out of touch with the needs of the hard-working people of Connecticut's middle class.”
Unaffiliated candidate Oz Griebel released his taxes weeks ago. Stefankowski has yet to release his. He has told NBC Connecticut he would, and his spokesperson told the Hartford Courant three weeks ago that they would release them in three weeks. On Friday, the spokesman said they were working on it.