After U.S. Sen. Carol Moseley-Braun (D-Ill.) released her complete tax returns Thursday and challenged her Republican opponent to do the same, the GOP candidate, state Sen. Peter Fitzgerald (R-Inverness), released portions of his return that did little more than confirm he has a sizable income.
A Form 1040 released by the Fitzgerald campaign showed he had just under $1.5 million in income last year, almost all of it from investments, and paid $393,000 in federal income tax.
But the campaign withheld parts of his return that would provide insight into the sources of his income.
Moseley-Braun’s tax returns showed $140,000 in income, almost all of it from her Senate salary, and federal income taxes of $26,000.
“I want to know what (Fitzgerald) has to hide,” said Eric Adelstein, a spokesman for Moseley-Braun’s campaign.
Fitzgerald campaign manager Michael Cys did not return phone calls seeking comment.
A wealthy banking heir, Fitzgerald drew heavily on his own money to finance a record-breaking expensive primary campaign against state Comptroller Loleta Didrickson to win the GOP nomination.
In the information he released Thursday, Fitzgerald reported receiving $774,000 in dividends and $637,000 in capital gains on investments. He took $98,000 in itemized deductions but did not provide information on their purpose.
Moseley-Braun’s returns showed she received a $57,000 gain on last year’s $527,000 sale of the Hyde Park cooperative apartment she co-owned with her ex-fiance, Kgosie Matthews.
