The couple also owns property in Germany and Italy and hold bank accounts in both those countries. Before he was governor, Murphy was U.S. ambassador to Germany from 2009 to 2013.The Murphys reported $4.97 million in gross adjusted income in 2021. That’s the most they’ve made since Murphy became governor in 2018.— the first time their gross income was less than $1 million in at least a decade.— from his job as New Jersey’s governor. He and his wife make the rest from stock and other investments.
he and lawmakers instituted that year. The law raised from 8.97% to 10.75% the gross income tax rate on income between $1 million and $5 million.In all, the Murphys paid $1.79 million in state and federal income taxes on a tax rate of 36% last year. The Murphy administration has said because the assets are currently in a blind trust, Murphy has no say in what stocks are bought or sold — similar to anyone who has mutual funds.The Murphys have long co-owned a professional women’s soccer team, NJ/NY Gotham FC, formerly known as Sky Blue FC. And every year, they lose money on it.
'Murphy will not release his returns widely for the public to view. ' Of course he won't...
No one should be paying outrageously high property taxes including the man with the big teeth .