Gov. Phil Murphy and his wife, Tammy, earned nearly $6.8 million in income last year, according to two pages from the couple’s 2017 tax return that were released to reporters yesterday.
The pages, from the federal 1040 form, indicate the bulk of the Murphys’ income — roughly $5.8 million — came from capital gains on investments. Dividends generated another $1 million in income. The governor, a former Goldman Sachs executive, and his wife paid more than $2 million in state and federal taxes, according to a separate sheet of tax figures his office released yesterday.
While the governor did not release copies of his full tax return to the media yesterday, his office said it is planning to allow reporters to review other tax materials for several hours tomorrow.