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The Trail: 2012 Presidential News from the Field

Perry Knows Bad Economy First Hand

GOP presidential candidate releases 2010 income tax returns

photo of Rebecca Kaplan
October 21, 2011

When Texas Gov. Rick Perry complains about the economic downturn, he's speaking from experience.

Tax returns that the GOP presidential candidate released Friday reveal that, like many Americans, Perry and his wife took a loss on the sale of their home and weathered losses on other investments.

The Perrys reported income of $217,447 and paid $51,000 in taxes, including a $135 penalty for underestimating what they owed Uncle Sam in 2010, the Texas Tribune reports.

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