Rick Santorum Releases Four Years of Tax Returns

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Rick "Turbo Tax" Santorum.
Rick "Turbo Tax" Santorum. Photo: Jeff Fusco/Getty Images

Rick Santorum must have finally made his way to back home to get the tax returns he promised to release. But Santorum went big, handing over to Politico four years' worth of joint returns with his wife, Karen, from 2007 through 2010.

Politico has made the documents, prepared by Rick Santorum himself, available here, here, here, and here. Some candy for you tax wonks.

Over the four-year period, the Santorums' adjusted gross income ranged from $659,000 in 2007 to a four-year high of $1.1 million in 2009, a year in which he generated $820,225 from his business Excelsior, LLC, which provided Santorum's consulting services; the 2010 return listed speaking in addition to consulting.

The 2010 return also shows a gain of about $3,000 for the sale of 322 shares of Universal Health Services, a for-profit hospital chain that included Santorum on its board of directors until he stepped down on June 15, 2011.

A UHS facility in McAllen, Texas, was sued for Medicare fraud during Santorum's tenure for giving illegal kickbacks to doctors for referrals. The group settled the matter for $27.5 million in 2009. Then, in 2010, a Virginia UHS branch that treats 11- to 17-year-old boys became mired in a legal controversy for billing Medicaid for "inpatient psychiatric care that was not provided," according to the U.S. Department of Justice complaint.

The incidents may not have anything to do with Santorum but his UHS involvement spanned several years after he was ousted from his Senate seat, so it's fair game politically. Santorum said of the Virginia case: "Any investigation, you obviously engage and fully cooperate with it, and that's what we did ... that's part of the responsibility of directors."

Politico notes that the Santorums' tax rate is roughly 30 percent, or double Romney's effective tax rate. And on the even brighter side, there's nothing in the returns about a Cayman Island tax shelter.