Wolf Reports $414K In 2017 Income, $1.3M In Charitable Gifts
Democratic Gov. Tom Wolf is reporting about $414,000 in adjusted gross income in 2017 and nearly $1.3 million in charitable donations in a federal tax return.
Wolf made the two-page form 1040 public Friday and let The Associated Press review the rest of his 102-page federal tax return in a campaign office.
Republican gubernatorial nominee Scott Wagner, who has made millions in waste-hauling, has declined to release his tax return.
Wolf's income is largely from $188,000 from in salary and another $206,000 in total investment income, not including another $57,000 in tax-exempt interest. He reported $266,000 in cash gifts to charity and another $1 million in securities donated to Franklin and Marshall College in Lancaster, where his wife Frances is a trustee.
After deductions, he'll owe $8,000 in taxes.