Thursday, April 15, 2010

Boccieri's Potential GOP Challenger Renacci Fought $1M+ Tax Assessment

Whether this is a big deal, small deal or no deal at all, it is worth pointing out that John Boccieri's likely Republican challenger Jim Renacci was assessed nearly $1.4 million in unpaid state taxes, interest and fees in 2006-a finding he fought vigorously but eventually paid. At the very least, those voters who find those who make millions of dollars elitist or not your "average Joe" should take note of Renacci's personal wealth.

(AP) — COLUMBUS, Ohio - The leading GOP challenger to Democratic U.S. Rep. John Boccieri was assessed nearly $1.4 million in unpaid state taxes, interest and fees in 2006-a finding he fought vigorously but eventually paid.

Republican Jim Renacci and his wife Tina filed adjusted gross income in 2000 of negative $247,000 but a state audit calculated the sum at $13.7 million, according to an Associated Press review of public documents. The couple was assessed $954,650 in unpaid taxes, $146,938 in interest, and a $293,876 penalty as a result of the discrepancy. Link

According to a 2009 personal financial disclosure statement filed with the U.S. House, Renacci holds assets worth between $35 million and $50 million and made salary, interest and other income of between $500,000 and $4.3 million in 2008 and 2009. His precise worth can't be determined from the form because it asks only for ranges. Link