Caitlyn Jenner meltdown, other hidden California nuggets recall candidates’ tax returns
Even without the field of more than 100 candidates seen in the 2003 gubernatorial recall that saw the ouster of Gov. Gray Davis, the 2021 effort highlighted new, previously unknown nuggets about candidates seeking to replace Governor Gavin Newsom.
This courtesy of a California law requiring a five-year tax history to be released for public consumption to gain access to the statewide ballot.
And who said the recall was boring?
For example: Did you know that two opposing Republicans are business partners in a cattle breeding business?
You do it now, as Asm. Kevin Kiley (R-Rocklin) and former rep Doug Ose (R-Sacramento) are partners in the aptly named “Ose-Kiley Cattle Company,” according to Kiley’s 2020 tax returns.
It’s important to note that some candidates, like former Fresno mayoral candidate Nickolas Wildstar, have not filed income tax returns in the past five years.
Wildstar told the Los Angeles Times that the Internal Revenue Service had contacted him in the past regarding his tax reporting status.
His lack of documents (and IRS investigations) makes the case of Los Angeles radio host Larry Elder even more puzzling.
Elder was trapped by California’s tax filing requirement for access to ballots.
On Sunday, the radio host was told he was disqualified from the poll for filing incomplete income tax information with the California Secretary of State.
On Monday, he announced that he was suing Dr Shirley Weber’s office over this argument.
After a review of tax returns, here are some of the key takeaways:
Caitlyn Jenner’s Post-Kardashian Kollapse“
Olympian and reality TV star Caitlyn Jenner hasn’t been on the same financial footing since her keeping up with the Kardashians derivative show I am Cait was canceled in 2016.
That year, Jenner declared $ 2.5 million in taxable income.
In 2019, the most recent tax returns available for the Republican candidate, she reported income of just $ 550,000.
In between, Jenner landed $ 1.5 million for her 2017 memoir “Secrets of My Life.”
Its revenues in 2018 and 2019 have leveled off considerably on the downside, with much of the money coming from two companies, one of which is a loan company (common among Hollywood celebrities).
In addition to paying taxes to authorities in California and the United States, Jenner has paid foreign taxes in Australia, Greece, Indonesia, the United Kingdom and the Republic of Ireland.
Her biggest foreign tax impact in 2019 was in Australia, where she earned $ 320,000 in gross income coinciding with an appearance on a UK TV show. I’m a celebrity … get me out of here, sit under.
Jenner recently took a break from her campaign to appear on Celebrity Big Brother in Australia.
The two main contenders in San Diego vary widely
The two main GOP candidates in the southern end of the state – 2018 GOP candidate John Cox and former San Diego Mayor Kevin Faulconer – demonstrated the marked differences in their campaign funding.
Cox reported a profit of $ 2.7 million from 2016 to 2019, with nearly $ 936,000 in the last reporting year.
However, Cox received large tax refunds thanks to losses accumulated by his businesses and deductions made through the tax code.
In total, Cox had a federal tax debt of $ 56,700 and saw all but $ 1,000 paid off.
The vast majority of Cox’s charitable donations in 2019 – via share transfers – went to his Rescue California Education Foundation, the nonprofit he founded that is best known for promoting an initiative. vote to transform the California State Legislature into a 12,000-member body.
Meanwhile, Faulconer reported adjusted gross income of $ 358,119 for 2019, much of it from the income of Faulconer’s wife, restaurant event planner Katherine Stuart.
According to his 2019 tax return, Faulconer earned just $ 71,221 in salary running California’s second-largest city.
In total, the former San Diego first couple paid $ 53,660 in federal income taxes for 2019.
Curious to know more?
Take a look at the tax returns of the 42 candidates vying to replace Governor Gavin Newsom through the California Secretary of State’s office.