Cynthia Nixon Tax Returns Shows $1.5M Income
New York gubernatorial candidate Cynthia Nixon released tax returns on Friday showing an income of $1.5 million last year of which about $53,000 went to charity.
The liberal Democrat’s finances are complicated and involve her private corporation, as well as a family foundation and income from investments, royalties and residual payments. She paid taxes in New York, New Jersey, Connecticut, Utah, Illinois and California.
The total federal tax bill came out to $150,000 and a state and local tax liability of $63,000.
Releasing tax returns is common for candidates for governor. Nixon’s Democratic primary opponent, Gov. Andrew Cuomo, released his tax returns last month, while Republican candidate and Dutchess County Executive Marc Molinaro released his taxes on Thursday.
Cuomo’s returns showed that he had $212,000 in income and a combined federal and state tax bill of nearly $55,000 in 2017.
Molinaro earned $174,048, most of it from his $140,000 salary. He paid $24,573 in federal taxes and received a $2,034 federal tax refund.
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