The Chicago SunTimes reports Pritzker — an heir to the Hyatt hotel fortune — is No. 250 on this year’s Forbes 400 list with a net worth of $3.4 billion.
In the returns released Tuesday, J.B. (Jay Robert) Pritzker and his wife, M.K. (Mary Kathryn) Pritzker reported $5,550,583 in taxable income last year and paid federal taxes at a rate of $33.99%. The Pritzkers paid $215,885 in state income taxes and $2,049,182 in federal taxes.
The Pritzkers also made $464,000 in personal charitable donations last year, according to Pritzker’s campaign.
And trusts benefitting Pritzker paid an additional $5.3 million in Illinois taxes at a rate of 6.45% and $29 million in federal taxes, the campaign said.
In 2017 Pritzker reported $34,439,798 in taxable income and paid $15.6 million in taxes — $14.8 million to the federal government and $811,816 to the state — at a rate of 36.2 percent. Pritzker’s campaign then noted his state taxes were lower because “JB paid more in income taxes in other states.”
Just as he did last year, Pritzker only released some of his tax information — not the full return, which would also include schedules filed to claim exemptions and donations other than those to their own charitable organizations. Releasing tax returns isn’t required for candidates or elected officials but is longstanding common practice in Illinois.
