Carly for President
From Sarah Isgur Flores
Deputy Campaign Manager
June 3, 2015
"Of PFDs & PDFs"


This week, Carly filed her personal financial disclosure with the Federal Election Commission. The PFD, however, does not provide a complete picture of Carly and Frank's net worth, tax rates, or charitable giving. In an effort to provide voters with additional information, we are also releasing the following:

The Fiorinas' net worth is $59 million. This includes all financial assets, bank accounts, and real property. Note that real property is not required on the PFD. This means that if you are comparing her net worth to other candidates, you will need to add their real property to their PFD range.

In 2012 and 2013, the Fiorinas' effective tax rate (federal, state, and local) was 30%. Their effective federal tax rate was 20%. Note that this is different than their marginal rate. I will be cranky if I see someone conflate the two.

In those years, the Fiorinas gave an average of 14% of their income to 501c(3) institutions. As you know, this does not account for her time. Carly has served in multiple charitable roles, including as Chairman of Good 360 and Opportunity International. As you can see from her tax returns, she did not accept compensation for either of these positions.

Attached, you will find a pdf containing federal tax returns for 2012 and 2013 and her public financial disclosure in which we have added specific dollar figures alongside the range estimates in Schedule A that allow you to calculate their net worth. The state tax returns for 2012* and 2013** will be made available at our campaign office in Alexandria, VA, to any credentialed media.

We also are providing the following statement from Carly:

"I've taken hundreds of questions--whether about hot dogs or my personal finances--and I think it's all fair game. I think leadership of any kind requires trust and transparency and voters should demand no less from their political leadership in government."

Please let me know if you need any help with the math. (Percentages are fun!)
SIF

*2012 state returns available: AL, CA, CO, HI, IL, MI, MN, NJ, NY, NC, OH, OR, PA, VA, WI
**2013 state returns available: CA, GA, HI, IL, ME, MA, MN, AZ, MI, MS, NJ, NY, NC, OH, PA, VA, WI


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Carly for America
June 4, 2015

Good morning,
 
As you may have seen, Carly released a very detailed personal financial disclosure yesterday. Carly continues to show that she is an honest candidate, willing to answer questions and be transparent. Can all of the others in the race say the same?
 
"I've taken hundreds of questions — whether about hot dogs or my personal finances — and I think it's all fair game. I think leadership of any kind requires trust and transparency and voters should demand no less from their political leadership in government." – Carly Fiorina
 
“Carly Fiorina sets bar high with detailed financial disclosure.” “Carly Fiorina has released by far the most detailed financial disclosure of any presidential candidate. The document details to a penny her net worth: $58,954,494.88.” (Daniel Halper, “Carly Fiorina sets bar high with detailed financial disclosure,” The Weekly Standard, 6/3/15)
 
“Going 4 bold contrast w/Hillary, @CarlyFiorina puts out tax returns etc: net worth=$59 million; overall effective tax rate=30%; federal= 20%” (Twitter account of Mark Halperin, @MarkHalperin, 6/3/15)
 
 
 
Katie Hughes
Communications Director
Carly for America