Sparse Mike Pence personal finance disclosure offers sharp contrast with Donald Trump

Mike Pence discloses modest income
Mike Pence discloses modest income

Mike Pence, the Republican vice presidential candidate, filed a sparse financial disclosure, suggesting a relatively modest income and lifestyle.

That offered a sharp contrast with his running mate, Donald Trump, who has controversially refused to release his tax forms.

According to Pence's filing with the Federal Election Commission on Tuesday, his family's income from the beginning of 2015 through August 16 was $173,000, all from his salary as governor of Indiana.

His wife's craft and painting business, which was closed around the time that Pence was tapped as the vice presidential candidate, was listed as having income of none or less than $1,000.

Pence's other assets and income form included a bank account worth no more than $15,000 and two education savings plans, known as 529 plans after the portion of the tax code, each worth no more than $15,000, according to the filing.

The family, which includes three children, had seven student loans, which could range in value from $10,000 to $50,000 each.

That contrasts sharply with Trump, who in a financial filing earlier this year claimed a net worth of more than $10 billion, which was fully capitalized as "in excess of TEN BILLION DOLLARS," by his press office.

Trump himself has said it can vacillate day to day based on his "feelings."

Many analysts, including biographers, dispute that figure. Recently, Forbes pegged his net worth at around $4.5 billion, while Bloomberg estimated it at $2.9 billion.

Donald Trump may have found a 'yuge' tax loophole
Donald Trump may have found a 'yuge' tax loophole

While Pence's filing has revealed fresh information about the vice presidential candidate's finances, he, like Trump, hasn't released his tax returns. Pence has previously said he would release his tax returns prior to the election.

Every major presidential candidate over the past four decades has made their tax returns public. That followed the revelation that President Richard Nixon had backdated charitable deductions for donating his public papers to the National Archives so that it would appear it had been done before Congress had closed the loophole allowing the practice.

It was during the resulting scandal that Nixon uttered his famous phrase, "I am not a crook."

Last week, Hillary and Bill Clinton released their 2015 tax returns, showing they paid $3.6 million in taxes on adjusted gross income of $10.6 million.

Clinton's previous returns from 2007 through 2014 were already posted on her website. The campaign noted that the couple have now released all their tax returns dating to 1977.

Clinton's running mate, Virginia Sen. Tim Kaine and wife Anne Holton, also released 10 years of their own tax returns. They paid an effective combined tax rate of 25.6 percent in 2015, according to the release.

—Ivan Levingston contributed to this article.

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