“[Pritzker’s] clearly withholding information on huge family trusts” that are designed to protect his inherited wealth from taxes
After over 200 days of delay, J.B. Pritzker released a portion of his income tax returns, but his disclosed tax records raise more questions than answers.
Pritzker’s tax returns revealed that the vast majority of his income comes from inherited family trusts, not from salary income, business investments, or interest. Between 2014 and 2016, Pritzker paid $8.236 million in taxes on $29.6 million of declared personal income.
Those taxes pale in comparison to the income Pritzker derived from his inherited family trusts. During that same time period, Pritzker paid $128.97 million in federal taxes and $24.95 million in Illinois taxes on those trusts.
Unlike his opponent Chris Kennedy, why has Pritzker refused to answer questions on his family trusts?
Years of investigation and inquiry have revealed that the Pritzker family famously utilized trusts to protect their wealth from taxes and IRS scrutiny.
It’s clear – J.B. Pritzker is obfuscating on income derived from his inherited family trusts because he’s trying to hide the fact that he’s been avoiding taxes for years.
J.B. Pritzker’s campaign for governor is reaching the height of hypocrisy. Pritzker is advocating for yet another income tax hike on middle class families while cutting corrupt deals to slash his property taxes and using trusts to avoid taxes.
As Rich Miller said about J.B. Pritzker’s use of family trusts in his weekly column, “This ain’t over.“
###
