Governor Mark Dayton today released his 2011 federal and state tax returns, for which he had received filing extensions. Governor Dayton reported federal taxable income of $264,532. He paid $65,378 in federal income taxes, for an effective federal tax rate of 25%.
Governor Dayton reported State of Minnesota taxable income of $336,520. He paid state income taxes of $32,426, for an effective tax rate of 9.6%.