Kamala Harris’ Tax Return Shows Income Topping $2 Million

U.S. Senator Kamala Harris and her husband reported more than $2 million in income on their 2018 federal tax return, with the vast majority stemming from her husband’s work as a partner in a law firm.

The California lawmaker, one of 18 declared candidates for the 2020 Democratic presidential nomination, released 15 years’ worth of tax returns Sunday, dating back to when she first held elected office.

Harris and her husband, Douglas Emhoff, a partner at the law firm DLA Piper LLP, reported taxable income of $1.8 million for 2018, including $157,352 from her Senate salary. The couple paid $697,611 in taxes this year with an effective rate of 38.4 percent. In 2017, before the Republican tax overhaul went into effect, they paid an effective tax rate of 40 percent and paid about a half-million dollars in taxes on lower income.

The couple reported more than $225,000 in state and local tax payments, but the tax overhaul capped the amount they could deduct from their federal taxes at $10,000. Emhoff didn’t qualify for a 20 percent deduction for pass-through business owners included in the new law because the deduction isn’t granted to law firms.

Source: Fortune

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