Nathan Deal releases 29 years of tax return records

Republican gubernatorial candidate Nathan Deal fulfilled his pledge to release his tax records Thursday as his rival Roy Barnes had four months earlier.

The former North Georgia congressman, who listed his net worth at $2.5 million on his financial disclosures, put 29 years worth of his income tax records online after 6 p.m. He released only 1040 forms, which offer a basic overview, however, not the detailed supplemental forms that show the specific revenue streams from specific businesses and properties.

The more detailed forms might shed light on his financial interest in a salvage business in Gainesville — questions about those interests led to a congressional ethics investigation.

Campaign spokesman Brian Robinson did not say whether Deal planned to give the same detailed accounting as Barnes, but said the 1040 forms, combined with the financial disclosures to the state Ethics Commission and to Congress gave a complete financial picture.

“It shows how much he made and how much he paid in taxes,” Robinson said. “It shows what he owns.”

The congressional and state disclosure forms show a candidate’s property and financial interests but are vague on percentages and income. For instance, his congressional disclosure shows Deal making between $50,000 and $100,000 in dividends in 2009 from the auto salvage business in which he is a partner. He also got between $15,000 and $50,000 in rental income from the salvage business.

Deal and his business partner Ken Cronan operate a salvage yard in Gainesville that for nearly 20 years had a no-bid agreement with the state to provide space for inspections of rebuilt vehicles. The AJC reported in August 2009 that Deal intervened with state Revenue Commissioner Bart Graham Graham and other state leaders to stop Graham from changing the program that earned Deal and Cronan’s company nearly $300,000 a year.

The AJC report led to a congressional ethics investigation that found Deal possibly violated U.S. House rules. Deal resigned from Congress in March to run for governor before any formal accusation was made.

The Atlanta Journal-Constitution reported in July that a federal grand jury subpoenaed Graham over a meeting he had with Deal about the former congressman’s lucrative longstanding business relationship with the state.

Deal said he did nothing wrong and told reporters that, as far as he knows, he’s not the target of a federal investigation.

Read more of Steve Visser’s report

6 comments Add your comment

The Centrist

September 3rd, 2010
9:45 am

So Deal submitted his tax returns, but were they audited? Isn’t interesting that Deal gets 50% of the income that his salvage company makes on that no-bid contract? Has anyone seen a copy of his certificate of live birth since it is alleged that he was born in Gilmer County where his dad was the clerk of the superior court? Has anyone seen a video of what his pastor says in church? Did you know that know that he pals around with Pastor Jentezen Franklin who studied how to play that secular anti-god instrument called a saxaphone in college? Deal won the Conservative Anchor’s Liberal Republican Medal of Honor Award for helping to increase the size of government. Does anyone know for a fact the he has signed the Conservative Loyalty Oath? Inquiring minds want to know!!!

Barnes Is A Fat Cow

September 3rd, 2010
9:58 am

These Barnes hounds amaze me. Barnes has been the Obama of Georgia, making campaign promises to virtually everything that moves, free health care, everyone gets a $1,000,000 job, free Mercedes, free Escalade, brand new 5,000 Sq. ft. house. No property taxes, Ruth’s Criss Steakhouse EVERY NIGHT, 1st Class flights to Paris, free champaigne, free 10,000 shopping spree at your favorite high end retailer…. SUCKERS!!!!

Roy Barnes

September 3rd, 2010
12:06 pm

Republicans want to starve puppies, take away social security from the elderly, and return African Americans to slavery.

Under a Barnes administration I will vow to prevent these things from happening !

Bitter EX democrackkk

September 5th, 2010
6:48 am

how does anyone present 29 years worth of tax returns? who keeps them that long?

[...] Nathan Deal, this one touching on his opponent’s lack of disclosure in his tax returns. Deal did release his returns, but not the returns for a business that was the source of an ethics [...]

Sam

September 8th, 2010
2:55 am

Both Deal and Barnes are crooks…let’s hold our noses at the ballot machine.