Tuesday, May 17, 2011

39 Days Until the Election- Return of the Tax Returns

Both Principal Chief candidates have now released their tax returns from the past two years.  Smith had previously released his 2009 returns and Baker his 2010 returns, and Cherokee Truth looked at those in an earlier post, which we strongly encourage you to read, if you are into that kinda thing.

Recently, Smith released his 2010 returns and Baker released his 2009 returns .

The new tax returns don’t show much difference from the old ones.  Baker still claims business losses of $57,000 a year in 2010 on his furniture store, almost exactly the same as 2009.  The adjusted gross income for Baker and his wife is $32,095, because of business losses.  Baker’s council salary, according to the Cherokee Phoenix, is $36,450. 

Smith’s adjusted gross income was a little lower in 2010 vs. 2009, at $129,633.  Almost all of that income is salary or pension; Smith’s income as Principal Chief is $112,445.

That’s today’s truth.  Hopefully, later this week the Cherokee Phoenix will post the new campaign finance reports and we can go to work on those for you.  Email us at cherokeetruth@gmail.com or post to our blog and/or facebook with ideas or Truth that needs to be out there.

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