Cruz & Rubio release taxes, challenge Trump to do same

February 29, 2016

Donald Trump's opponents for the Republican presidential nomination have to be jumping for joy (OK, my one and only Leap Day reference, I promise) today with the opening he's provided them by playing coy about his personal tax returns.

During last week's GOP debate, Trump cited Internal Revenue Service audit of his tax returns as the reason he's not releasing his 1040s to the public. While that's probably the sound advice he's getting from his tax counsel, Trump's main competitors are taking full advantage of the curiosity in the billionaire's taxes.

Rubio Trump CruzMarco Rubio and Ted Cruz are coming after Donald Trump about, among other things, his taxes.

Sens. Ted Cruz of Texas and Marco Rubio of Florida this weekend posted years of their federal filings on their respective campaign websites.

Here's a quick comparison:

Candidate Tax Year Adjusted
Gross Income
Taxes Paid Effective
Tax Rate
Ted Cruz 2011 $1,731,027 $494,009 28.54 percent
Marco Rubio 2011 $276,059 $46,500

16.8 percent

Ted Cruz 2012 $1,737,720 $322,935 28.38 percent
Marco Rubio 2012 $929,439 $254,694

27.4 percent

Ted Cruz 2013 $970,193 $302,648 31.19 percent
Marco Rubio 2013 $566,780 $143,034

25.2 percent

Ted Cruz 2014 $1,207,838 $389,124 32.22 percent
Marco Rubio 2014 $355,561 $64,666 19.3 percent

Filing data from Ted Cruz 2016 and MarcoRubio.

But wait, there's more: In their frenzy to show how tax transparent they are compared to The Donald, Rubio and Cruz also opened up some even older federal tax returns.

Cruz pointed to the forms he sent the Internal Revenue Service for tax years 2006 through 2010 when he was running in 2012 for his current U.S. Senate seat.

Rubio also has some tax data going back to 2009 on his campaign website. 

A quick note about these older returns, I love that Rubio's 2009 filing was completed by hand, not computer.

Rubio 2010 hand-completed Form 1040

A lot of years, but only partial returns: That's a lot of tax filings to sort through. Actually, however, for several years, both White House wannabes have released only the first few pages of their returns.

Thus they give us an overview of their income and final tax liabilities, but no details on their non-wage earnings or itemized deductions.

So we don't know whether the Cruz and/or Rubio families paid a lot of deductible home mortgage interest or had any substantial medical or miscellaneous expenses in any tax year.

Neither do know what charities they supported, and how generously, through tax-deductible donations.

"If Marco wants to release the full thing for the recent years, I’m happy to do so as well,” Cruz told the Texas Tribune. "We just did it to match what the other candidates are doing. This is a competitive race."

Both men continue to urge Trump to come at least as clean and release his taxes, but don't specify whether they'd be fine with just partial tax returns from the GOP nomination leader.

And just to be fair, we can't forget Hillary Clinton, the front-runner for the Democratic nominations. She's released full returns for tax years 2007 through 2014.

Other Cruz, Rubio similarities: In addition to ganging up on Trump by being so eager to air some of their tax laundry, Cruz and Rubio share a couple of other things.

Both are the junior U.S. Senators for their states. As such, each receives an annual salary of $174,000.

Both men are married, file joint tax returns with their wives and claim dependent children and those associated tax benefits.

And Cruz and Rubio don't have to worry about state taxes. Texas and Florida are among the seven states with no individual state income tax at all.

You also might find these items of interest:

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
Don’t miss these June 15 tax filing and paying deadlines

June 14, 2026

June 15 is Tax Day for millions of U.S. taxpayers. Those living and working abroad…

Read More
Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments