Stay Connected



Comment on KY: What Tax Rate Is Bevin Paying?

On KET's Comment on Kentucky, Lexington Herald-Leader political reporter John Cheves raised yet another question surrounding Matt Bevin's refusal to release his tax returns: what tax rate is Bevin paying

Cheves: "I would be curious on the Matt Bevin tax return just to see what tax rate he's paying at? [...] A lot of his business has been in hedge funds and investments. And I know Jeb Bush scored a lot of points this last week by revealing that he was paying at nearly the 40 percent tax rate. And most of us who draw a salary, we pay at 35, 40 percent around there. A lot of rich investment types pay closer to 15 percent because they don't get a salary, they get dividends and interest." 

"The unanswered questions and escalating scandals surrounding Matt Bevin's finances just keep piling up," said David Bergstein of the Kentucky Democratic Party. "Bevin's refusal to release this information and his dishonest, self-serving political agenda is exactly why Republicans labelled him an 'East Coast Con Man.' Until Bevin comes clean with Kentucky voters he'll keep facing the same, simple question: what else is Bevin hiding?"  

In the 26 days since Bevin broke Kentucky's bipartisan tradition by refusing to release his tax returns he's faced a series of scandals surrounding his finances. The Associated Press reported that Bevin may be guilty of a "possible ethics violation" for failing to disclose controversial companies on state documents; the Courier-Journal revealed that Bevin is profiting of a Common Core software company while claiming to oppose Common Core during his campaign; and WAVE 3 NBC reported that Bevin failed to pay his taxes on time at least 10 times in several states. 

CLICK HERE TO WATCH

A full transcript of the exchange is below: 

Cheves: I would be curious on the Matt Bevin tax return just to see what tax rate he's paying at? [...] A lot of his business has been in hedge funds and investments. And I know Jeb Bush scored a lot of points this last week by revealing that he was paying at nearly the 40 percent tax rate. And most of us who draw a salary, we pay at 35, 40 percent around there. A lot of rich investment types pay closer to 15 percent because they don't get a salary, they get dividends and interest. 

Ellis: Well if they're paying a capitol gains rate, it's the 15 percent and that's where a lot of his money comes from. 

Cheves: So I would be kinda curious to see what rate he was paying at.