Tuesday, July 8, 2003

Fletcher releases federal tax return

By Joe Biesk
The Associated Press

FRANKFORT - Republican Ernie Fletcher reported $132,652 in total income and paid $28,152 in federal income taxes last year, according to tax documents his gubernatorial campaign released late Monday.

Fletcher, a congressman from Lexington, made public his federal tax return and U.S. House of Representatives Financial Disclosure Form. He filed the tax return jointly with his wife, Glenna, in March.

Fletcher's campaign manager, Daniel Groves, said Democratic nominee Ben Chandler should release similar documents.

Chandler, also the state's attorney general, told reporters last week he doesn't "have any problem" releasing his tax documents. Chandler's campaign manager, Mark Nickolas, said the campaign plans to make Chandler's last three years of tax returns available today.

Fletcher should have received a refund of about $10,000, according to his tax return. He made deductions based on $10,160 in charitable gifts.

Fletcher reported $2,334 in dividends from investments with Ameritrade, Edward D. Jones & Co. and Hilliard Lyons.

According to Fletcher's May 15 financial disclosure forms, he has investments in various IRAs, including Applied Materials, Cisco, 3 Com, Fidelity Investments and Lucent Technologies.

Both campaigns have also filed their monthly campaign finance documents with the Kentucky Registry of Election Finance.

As of June 30, Chandler had raised $193,569 and spent $91,799 since the primary. Meanwhile, Fletcher had raised $918,805 and spent $193,908.

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