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Simon releases 2012 tax returns 

 

Keeps promise to shed light on personal, staff financial interests

CARBONDALE – April 15, 2013. Marking today’s deadline to file 2012 income tax returns, Lt. Governor Sheila Simon is fulfilling her promise to annually release her state and federal income tax returns, as well as financial statements from her senior staff members. The statements disclose more than what is required by law, and the commitment to open government allows taxpayers to learn if Simon or her staff have any conflicts of interest.

“Transparency builds trust,” Simon said. “My office will continue to model open government as we work to reverse the culture of corruption in Illinois politics.”

According to the 2012 tax documents, Simon and her husband, Perry Knop, reported adjusted gross income of $217,210 in 2012. They paid more than $48,000 in federal and state taxes, paying an effective tax rate of almost 23 percent.

Simon and Knop contributed more than $6,700 to charity, including a van to a Southern Illinois women’s center and several hundred books to Southern Illinois University. Like many Americans, their net worth declined slightly as they liquidated investments to pay college tuition for their two daughters and financed the purchase their first new car, a Ford Focus.

Simon has also required members of her senior staff to make public an annual financial disclosure form that goes above and beyond what is required in the state’s Statement of Economic Interests. Simon’s staff form is modeled after those used by federal officers and notes income greater than $200, investments and debts.

This is the third year that Simon and her staff have released their detailed financial statements. Find the documents here.