Tax returns: Christie, wife made $698,838 in 2013

JILL COLVIN
ASSOCIATED PRESS

NEWARK, N.J. (AP) — Gov. Chris Christie and his wife reported nearly $700,000 in income last year, a significant jump from 2012, according to tax returns released Friday by his office.

The returns show the Christies made $698,838 in 2013 — over $200,000 more than the $478,977 in income they reported in 2012. They paid $193,510 in federal and state taxes, the records show.

The Republican governor’s wife, Mary Pat, has long been the bigger income-earner in the family, thanks to her high-paying Wall Street jobs.

The returns show she earned $475,854 working part-time as a director at Angelo, Gordon & Co., an investment advising firm. She also was paid $34,698 by her former employer, Cantor Fitzgerald, as part of a partnership paid out over five years, a spokesman for the governor’s office said.

The governor, meanwhile, reported $160,054 in taxable income from the state of New Jersey, similar to previous years. Christie’s annual salary is $175,000, but he invests a portion in a 401(k) retirement fund each year.

Christie, who is weighing a run for the White House in 2016, has often joked about the income disparity between him and his wife.

“Listen, I just have three words for you: joint checking account,” he has been quoted as telling the audience at a town hall meeting. “That money all lands in the same place, baby. It’s fine by me.”

The returns also show the couple paid $38,316 in property taxes, gave $29,260 to charity and claimed four dependent children. They also made money from blind trusts in their names.

The 99-pages of documents released Friday were filed with the Internal Revenue Service following a six-month extension, which Christie has requested every year he has been governor.

Lt. Gov. Kim Guadagno and her husband, Michael, also released their returns Friday. They reported earning $440,897, including $290,445 in wages. Michael works as a judge.

The pair paid $19,583 in income taxes, $26,817 in real estate taxes and gave $3,285 to charity, the records show.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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