NJ Politics Digest: Guess What the Murphys’ Tax Returns Show?

Gov. Phil Murphy and his wife Tammy earned $6.8 million in income last year even as they were on the campaign trail ten months out of the year and preparing to take office the other two.

Gov. Phil Murphy with his wife Tammy during a game between the Nebraska Cornhuskers and Rutgers Scarlet Knights
Gov. Phil Murphy with his wife Tammy during a game between the Nebraska Cornhuskers and Rutgers Scarlet Knights Rich Schultz/Getty Images

There’s one couple in New Jersey who don’t have any problem paying the state’s crushing tax burden.

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Tax returns released by Gov. Phil Murphy and his wife Tammy show the couple earned $6.8 million in income last year, according to reports.

Of that, the couple paid $2.2 million in state and federal taxes. The couple paid $203,502 in property taxes on their Middletown home.

The couple, who spent most of the year working on Murphy’s campaign for governor, didn’t report any salaries. Instead, the money was almost all from investments.

Murphy retired from Goldman Sachs in 2006.

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NJ Politics Digest: Guess What the Murphys’ Tax Returns Show?