Income tax

Hi SoCal. Change is our intention. – Mike Feuer releases personal tax returns

City Attorney Mike Feuer announced the trial Monday morning. | Photo courtesy of City Attorney Mike Feuer via Twitter

A day after challenging real estate developer and mayoral candidate Rick Caruso to release his tax returns, City Attorney Mike Feuer, also a mayoral candidate, released his own tax returns for the past five years.

According to Feuer’s 2021 tax return, which he filed with his wife Gail, the couple’s adjusted gross income was $394,061 and $346,677 was taxable. The couple paid $91,076 in taxes and requested a refund of $15,558.

According to his 2020 tax return, the couple’s adjusted gross income was $413,903 and $367,295 was taxable. The couple paid $106,019 in taxes and requested a refund of $23,694.

According to his 2019 tax return, the couple’s adjusted gross income was $392,551 and $342,819 was taxable. The couple paid $108,083 in taxes and requested a refund of $32,590.

According to his 2018 tax return, the couple’s adjusted gross income was $415,854 and $372,817 was taxable. The couple paid $94,916 in taxes and requested a refund of $9,924.

According to his 2017 tax return, the couple’s adjusted gross income was $382,962 and $290,723 was taxable. The couple paid $91,930 in taxes and requested a refund of $4,540.

During Tuesday night’s debate, which featured the top five candidates for mayor of Los Angeles, Feuer alleged that Caruso had a $100 million yacht registered in the Cayman Islands to avoid paying taxes and asked if he planned to release his tax returns.

Caruso replied that he would “release everything I pay in taxes,” including on the yacht, once all of the other contestants on stage decide to release their tax returns. In addition to Feuer and Caruso, the debate included Representative Karen Bass and City Councilors Joe Buscaino and Kevin de León.

“Last night Mr Caruso gave the impression that he would reveal his tax returns, but what he really said was much less: that at some point he would simply reveal what he claims to have paid in taxes,” Feuer said in a statement Wednesday. . “It’s not good enough for the voters of Los Angeles. Today I provide my last five years of tax returns and again challenge Mr. Caruso to do the same.

Buscaino and Bass both said they would release their taxes, according to the Los Angeles Times, which reported that de León initially refused, then said “If we’re all going to do it, we’ll do it.”