Correction: Christie-Income Taxes story

AP News
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Posted: Oct 21, 2014 3:56 PM
Correction: Christie-Income Taxes story

NEWARK, N.J. (AP) — In a story Oct. 17 about New Jersey Gov. Chris Christie's tax returns, The Associated Press, relying on information provided by his office, reported erroneously on the nature of his wife's employment. Mary Pat Christie works full-time, not part-time.

A corrected version of the story is below:

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

Tax returns show Chris Christie and his wife made $698,838 last year, paid $193,510 in taxes

By 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 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.