Stocks pumped up Murphy couple’s income in 2021

Stocks pumped up Murphy couple’s income in 2021

Inflation may be battering New Jerseyans this year but don’t worry about Phil and Tammy Murphy, Save Jerseyans! They’re doing just fine. Far more than fine in fact. They’re flush-er than ever.

According to NJ.com:

“After watching his income dip below $1 million in 2020, Gov. Phil Murphy saw it jump dramatically last year, to just under $5 million, according to partial tax returns and a tax summary released by his office Thursday.

The 65-year-old retired Wall Street executive and his wife, First Lady Tammy Murphy — who file their returns jointly — reported an income of $4.97 million in 2021, Murphy’s fourth year as governor, thanks to a surge in their stock portfolio.

That’s a $4 million, or 406%, increase from the year before, when the couple reported about $982,000, marking the first time in a decade their annual income fell below $1 million.”