Report: Snyder worked for $1 in 2011, made $1.9M - WNEM TV 5

Report: Snyder worked for $1 in 2011, made $1.9M

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LANSING, MI (AP) -

Michigan Gov. Rick Snyder reported a gross income of about $1.9 million in 2011, when he says he gave back all but $1 of his state salary.

A federal income tax return reviewed by the Detroit Free Press says the Republican and former venture capitalist had capital gains income of just more than $1.3 million in 2011. He reported dividend income of more than $350,000, wages of $141,547, interest income of nearly $54,000 and real estate income of just more than $6,000.

Snyder paid federal income taxes of nearly $273,000 on taxable income of nearly $1.4 million. That's an effective tax rate of 19.8 percent.

Snyder reported giving just more than $196,000 to charity.

Snyder filed jointly with his wife, Sue Snyder, whose occupation was listed as a homemaker.

Copyright 2012 Associated Press.  All rights reserved.

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