For the Third Year in a Row, Connecticut Candidate for Governor, Tom Foley, Paid No Taxes

October 22, 2014

Gubernatorial candidate Tom Foley (R-Conn.) had an effective tax rate in 2013 of $0, the third year in a row the millionaire hasn't paid taxes.  In 2010, the investor spent $11 million of his own fortune in a failed attempt to defeat Dannel Malloy for governor of Connecticut, and Foley is trying again this year.  On Friday, he showed reporters summaries of his most recent tax returns, showing that after adjustments, his tax rate in 2013 was 0%, as it was in 2011 and 2012.

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