Governor candidate Ganahl releases tax documents showing income of $1.2 million in 2021

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Heidi Ganahl, Republican candidate for governor of Colorado, has been released three years of tax filing documents Tuesday night and urged his opponent, incumbent Democratic Governor Jared Polis, to do the same.

Form 1040 filings show Ganahl and her husband earned about $1.2 million last year, $650,000 in 2020 and $366,000 in 2019.

“I have nothing to hide. Do you? Voters deserve to know the truth,” Ganahl said during a Tuesday night debate with Polis in Grand Junction.

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Ganahl, who is currently regent of the University of Colorado, and her husband own G-Que BBQ, which has four locations and a kiosk at Mile High Stadium. She also founded the Camp Bow Wow dog daycare business and sold it in 2014.

The forms show that in 2021, Ganahl and her husband realized about $390,000 in capital gains, which is income from the sale of assets like stocks. $50,000 came from wages and salaries reported on a W-2 form and the remaining approximately $760,000 is listed as other income.

Form 1040 filings do not give specific details about sources of income.

The Ganahls reported about $190,000 in deductions in 2021. They owed a total of $213,581 in taxes.

Polis has not released similar tax return information, despite pressure from Ganahl and requests from reporters to do so.

“I have released several years of tax returns. There have been others reported. I would be happy to discuss with my opponent what additional versions are needed,” Polis said in response to a question about the release of the returns during a debate hosted by the Colorado Sun and CBS4 on Oct. 13.

Polis has released some feedback from his previous congressional campaigns. Neither Polis nor his Republican opponent Walker Stapleton released their tax returns during the 2018 gubernatorial race, a break from Colorado political tradition.

The tech entrepreneur, who is worth hundreds of millions of dollars, paid no federal income taxes in 2013, 2014 and 2015 and his overall tax rate was just 8.2% from 2010 to 2018 , according ProPublica report earlier this year.

A Polis campaign spokesperson did not return a request for comment Wednesday afternoon.

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