De Blasio tax returns show $218G in income
New York City Mayor Bill de Blasio delivers his State of the City address at Baruch College on Feb. 3, 2015 in New York City. Credit: Getty Images / Andrew Burton
New York City Mayor Bill de Blasio reported $217,656 in adjusted gross income for 2014, a sum that factors in his City Hall salary and Brooklyn rental homes.
The mayor paid $44,130 in income taxes -- $25,850 to the federal government, $11,965 to the state and $6,315 to the city. His effective tax rate was 20.3 percent.
Mayoral spokeswoman Amy Spitalnick released a paper copy of the tax returns Wednesday to reporters, with redactions of addresses and Social Security numbers and on condition t the document itself not be published.
Although elected officials aren't required to disclose their tax returns, many do. De Blasio's billionaire predecessor, Mike Bloomberg, would allow reporters to view his returns only in person and in an office of his choosing.
De Blasio, who earns $225,000 annually as mayor, listed his occupation as "elected official." His wife, Chirlane McCray, who did not report a salary, described herself as a "writer." Their children, Chiara, 20, and Dante, 17, are listed as dependents.
They had reported income of about $165,000 in 2013, when de Blasio earned less as the city's public advocate.
The first couple gave $7,215 to charity. Spitalnick said the charities include Mayor's Fund to Advance NYC, of which McCray is chairwoman; Housing Works; Brooklyn Kindergarten Society; Schomburg Center for Research in Black Culture; Common Justice/Vera Institute of Justice; Prospect Park Alliance; Fountain House, which aids people with mental illness; Upbeat NYC, which helps children pursue music; Day One New York, which addresses dating abuse and domestic violence; and St. Mary's Episcopal Church.
Although they earned about $65,000 in rental income from the home they rented after moving to Gracie Mansion and another one in Brooklyn where his late mother once lived, they reported a net loss of about $10,000 as a result of mortgage payments, repairs, depreciation and management fees, Spitalnick said.
Matthew Chayes, a Newsday reporter since 2007, covers New York City.
