Andrew Cuomo's tax return shows his income topped $550,000

New York Gov. Andrew Cuomo's 2014 tax return shows he made just under $377,000 last year for his memoir, 'All Things Possible.' His federal tax rate was just under 28 percent.

Mike Groll/AP/File
New York Gov. Andrew Cuomo speaks during a news conference in the Red Room at the Capitol in Albany, N.Y. March 18.

New York Gov. Andrew Cuomo's recently published memoir pushed his income up to more than $550,000 last year, according to the Democratic governor's tax returns.

The returns show Cuomo made just under $377,000 last year for the book, "All Things Possible," published by HarperCollins in the fall. He also made nearly $169,000 as governor and had some income from investments.

The year before Cuomo earned $360,000, including a $188,333 advance on the book.

Cuomo reported $27,000 in charitable donations in 2014, split evenly between the Robert F. Kennedy Center for Justice and HELP USA, a charity Cuomo founded for the homeless 30 years ago.

The governor's federal tax bill was $155,193. He owed $6,916. His federal tax rate was just under 28 percent.

As for state taxes, Cuomo paid $41,000 and can expect a refund of $3,212.

He paid $8,250 in tax preparation fees.

Cuomo could make even more from the memoir. A financial disclosure filed by the governor last year indicated that he expected to make between $700,000 and $900,000 on the book.

Lt. Gov. Kathy Hochul's tax returns show she and her husband reported $416,150 in income in 2014. Hochul, who took office this past January, earned $237,498 as a vice president of government relations at M&T Bank. She is married to William Hochul, the U.S. attorney for the Western District of New York, who made $136,137 last year.

The Cuomo administration allowed The Associated Press and other reporters to inspect and copy tax returns for both Hochul and Cuomo on Wednesday, the deadline to file taxes.

of stories this month > Get unlimited stories
You've read  of  free articles. Subscribe to continue.

Unlimited digital access $11/month.

Get unlimited Monitor journalism.