Gov. Phil Murphy and First Lady Tammy Murphy released some tax documents on Thursday.
New Jersey First Lady Tammy Murphy and Gov. Phil Murphy watch a Rutgers basketball game last month at Jersey Mike’s Arena in Piscataway.made about $1.4 million in income last year, doubling his earnings from the year before, when they took a nosedive, according to— who file their returns jointly — also paid about $598,000 in state and federal taxes last year, according to the documents.
Murphy’s office has attributed the fluctuations in recent years to changes in the stock market. The couple now earns much of its money from dividends. The Murphys also donated about $372,440 to charity in 2023, about $2,300 personally and $370,000 through their foundation. That’s down from the roughly $501,200 they gave in 2022.Meanwhile, the Murphys still claim two of their four adult children as dependents and took a deduction of $29,200 because of it.
Before Murphy took office, the couple’s income was $6.8 million in 2017, $4.6 million in 2016, $7.3 million in 2015, $6.4 million in 2014, $4.9 million in 2013, $3.8 million in 2012, $2.7 million in 2011, and $3.2 million in 2010, according to records.
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