Chicago Mob Linked Giannoulias will pay no income taxes, receive return of $30,000

The Chicago Sun-Times reports:

Democratic Senate candidate Alexi Giannoulias will pay no income taxes this year and stands to receive returns of $30,000 in income withheld from his state treasurer’s salary.

Giannoulias says he will donate the $30,000 to charity. He released his tax returns on Friday, as well as a financial disclosure statement that reveals that he lost nearly half of his net worth.

The state treasurer’s fortunes were tied up in his family-owned Broadway Bank, which the federal government seized and sold earlier this year.

Giannoulias’ share in family trust funds plummeted from an estimated “$8 million to $40 million” down to an estimated “$2.5 million to $11.5 million,” according to the financial disclosure form he is required to file as a candidate for U.S. Senate.

Barack Obama's side kick.