Home WORLD-NEWS Tax returns show Caitlyn Jenner’s income has plummeted Greece Big Brother San...

Tax returns show Caitlyn Jenner’s income has plummeted Greece Big Brother San Diego Gavin Newsom United Kingdom

6
0

Caitlyn Jenner’s earnings have plummeted in recent years from a high of $2.5 million in 2016, when she had her own reality TV show, to $550,000, tax return.

Jenner is one of the candidates for the upcoming recall election of Governor Gavin Newsom in California. All candidates were required to release their tax returns for the past five years by last Friday, although Jenner and many of the other hopefuls have only filed four years because they have not yet done so. have submitted their tax return for 2020.

Jenner was the gold medalist of the 1976 Olympic decathlon who married Kris Jenner and appeared with her on the reality show “Keeping Up with the Kardashians.” Jenner came out as a transgender woman in 2015.

Her tax returns offer a glimpse of how her fame benefited her financially.

She made $1.9 million in 2017, when her memoir “The Secrets of My Life” was released, and $2.5 million in 2016, the second season of her reality show “I Am Cait”. It wasn’t immediately clear from the tax returns how much Jenner was making from the show.

Jenner’s income was approximately $550,000 in both 2018 and 2019. Much of that came through an entity called Team Tours Inc. and her company, Cait’s World. Her campaign did not respond to a request for comment about what kind of work Jenner did for both companies.

She also earned income and paid taxes in Australia, Greece, Indonesia, the United Kingdom and Ireland. She earned the most by far in Australia, where her 2019 tax returns show $320,000 in gross income. That year she appeared on the British show “I’m a Celebrity…Get Me Out of Here”, which was set in Australia.

Jenner is currently in Australia forming a celebrity version of the reality show “Big Brother”.

All of Jenner’s charitable donations went to her Caitlyn Jenner Foundation, which says on its website that it provides grants to organizations that empower transgender people.

Candidates for governor were also required to submit declarations of economic importance evidencing their investments. Jenner’s forms show she has shares in dozens of companies, including $10,000 to $100,000 worth of investments in California-based Facebook and Google. She has up to $10,000 in investments in Boeing, Wells Fargo, Berkshire Hathaway and many other companies.

The statement values ​​Cait’s World and CJ Memories, its publishing house, between $100,000 and $1 million. She also owns an airline called Caitlyn Aviation and is a passive investor in Luma Sun Care Inc., a skin care company run by her partner Sophia Hutchins.

Newsom released his 2019 tax return in May, which showed he earned $1.7 million, about half a million more than he made the year before, his last as a lieutenant governor. Newsom’s campaign said he released his tax returns to the Secretary of State, although they have not been posted online. Since Newsom is not technically a candidate for the recall, he was under no obligation to file them.

The recall election is on September 14. Here’s a look at tax information for other major Republicans among the 41 candidates:

–Kevin Faulconer, a Republican and former mayor of San Diego, took home between $69,000 and $80,000 in mayoral salary annually between 2016 and 2019. He also has not filed his returns for 2020. Faulconer, along with his wife, who runs an events company in San Diego, applied. The couple’s charitable giving was donations to Goodwill.

—John Cox, a multimillionaire Republican businessman who lost to Newsom in 2018, had $0 in taxable income in 2019 after taking losses on some of the apartment complexes he owns and taking deductions, including $139,000 in charitable donations.

Assembler Kevin Kiley reported $113,000 in 2020 revenue, including about $1,400 from cattle sales from Ose-Kiley Cattle, the company he owns with former Republican U.S. Representative Doug Ose, another recall candidate. He also reported receiving more than $10,000 in loan repayments from his alma mater, Yale Law School. Kiley paid about $18,000 in federal taxes that year and was eligible for a refund of about $1,600. He’s a Republican.

—Real estate investor Ose and his wife together reported income of approximately $717,000 in 2019, the most recent year available. Their tax bill was $193,000, but they had paid a total of $260,000 and were thus eligible for a $67,000 refund.

__

Associated Press writer Michael R. Blood contributed from Los Angeles.

LEAVE A REPLY

Please enter your comment!
Please enter your name here