Published: Mon, May 07, 2018
World Media | By Cesar Oliver

Cynthia Nixon tax returns: $1.9M income, $53K in donations

Cynthia Nixon tax returns: $1.9M income, $53K in donations

The returns of Nixon, who is chasing Gov. Andrew M. Cuomo from the political left, depict the financial activities of a successful businesswoman with an acting company, founded in 1999 and which she calls Fickle Mermaid Corp., along with rental income from two downstate apartments and a foundation that made $45,000 in donations previous year to an array of causes. She hopes to expand rent-stabilization laws as well, which now only apply to buildings built before 1974 with at least six units in New York City, Westchester County, Rockland County and Nassau County.

Nixon paid state income taxes in New York, New Jersey, Connecticut, Utah, Illinois and California.

A study by the National Center for Charitable Statistics based on 2011 federal tax returns found the average NY taxpayer with a gross adjusted income of averaging $68,841 who itemized his or her deductions contributed $4,305 to charity.

Cynthia Nixon (left) leaves Planned Parenthood with her wife Christine Marinoni in NYC. Housing advocates have criticized this policy as creating an incentive for landlords to make rent-stabilized apartments unlivable to force out tenants and raise rents, and Cuomo said last month that he wants to end the practice as well.

They had a total federal tax bill of $150,000 and a state and local tax liability of $63,000.

She said physical copies of her tax returns would be made available to the media from 11 1 p.m., but that copies would not be provided.

Republican candidate Marc Molinaro and his wife, Corinne Adams, reported $174,048 in income for 2017.

The returns also showed the couple gave about $53,000 to to a variety of environmental, education, arts and children's charities.

The activist's foundation - the Nixon/Marinoni Family Foundation - listed $1 million in assets. They also donated to homeless shelters and a public library. Almost $8,000 worth of contributions made directly by the couple were not itemized.

Her income compares with $212,776 in salary and revenue from investments reported by Gov. Andrew M. Cuomo, whom Nixon is challenging for the Democratic nomination - in a state dominated 2-to-1 by Democratic voters.

Cuomo has released tax returns every year he has been governor, though in 2010, as a candidate, did not release his tax returns until December, after Election Day.

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