On the Records: Craig James Releases Tax Returns
Craig James, the former ESPN and ABC sports commentator who is running to succeed Republican U.S. Sen. Kay Bailey Hutchison, has released his tax returns from the last five years — and his opponents are expected to follow suit.
In his 2010 return, James reported a total income of $260,730, far lower than in previous years. In 2006, James reported a total income of $4.2 million. In 2007, that shrank to $2.4 million, to $1.3 million in 2008 and to $1 million in 2009.
Although candidates are not required by federal law to release tax returns ...
Comments (9)
Carolyn Moon via Texas Tribune on Facebook
does he know he's 1%?
Bologna Vest
Was he able to right off the shovels he bought after he killed 5 hookers while at SMU?
Charles D Stephens via Texas Tribune on Facebook
Where in the hell is he hiding His money? Off Shore ummm!
Michael Tex Duncan via Texas Tribune on Facebook
Can we please see his 1979-1983 returns. As voters, we have a right to know if he paid taxes on his Pony Expre$$ money.
JoAnn Livingston via Texas Tribune on Facebook
and this steadily diminishing private sector income qualifies him for the u.s. senate? or is that how he seeks to regain his 'millionaire' status? sigh. craig james is to smu what rick perry is to texas, one just lives for the day he's only – and just – a bad memory. and, here's my disclosure, i'm an smu alum.
Neil Moyer via Texas Tribune on Facebook
his personal business trends indicate he can't hang on to assets...
Rick Scott McGuckin via Texas Tribune on Facebook
his kind idolizes the 1%, that's why he's running as a republican
Ken Roberts via Texas Tribune on Facebook
His diminishing income is mostly due to capital gains, which can very drastically from year-to-year depending on whether he sold off any of his stocks (or whatever). If he doesn't sell anything, than it's not taxable even if it increase dramatically in value. He very well may be much better off now than in 2006.
I didn't look close enough at his private business stuff (e.g., depreciation, amortization) to see if there was anything interesting there.
Basically, he's a very rich man with a horrible value system who would be bad for Texas.
Pickles Sorrell
His income keeps going down, down, down. It makes me think my taxes would go up, up, up with him in charge of federal tax dollars. I think he should stick to announcing scores and banging football groupies on road trips. He's a legend in his own mind and his own pants.