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Christies Report 2011 Adjusted Gross Income of $567,772

Christies Report Adjusted Gross Income of $567,772 for 2011
Chris Christie, governor of New Jersey, left, and wife Mary Pat Foster during a walk through at the Republican National Convention (RNC) in Tampa. Photographer: Andrew Harrer/Bloomberg

New Jersey Governor Chris Christie and his wife, Mary Pat, reported adjusted gross income for last year of $567,772, up 26 percent from 2010, according to returns released today by his office.

The couple paid $141,158 in federal taxes for a rate of 24.9 percent, higher than the 20.5 percent paid by President Barack Obama and Republican presidential nominee Mitt Romney’s 14.1 percent. The Christies, who live in Mendham Township, also paid $37,585 in property taxes and $19,830 for child care.

The Christies reported combined wages of $469,151, with $307,372 from Cantor Fitzgerald LP, where Mary Pat was a vice president in Summit. She became a managing director at New York-based Angelo, Gordon & Co. last month, according to Michael Drewniak, a spokesman for the governor.

The couple also reported $161,779 of pay from the state of New Jersey, according to the returns.

“I’ve got three words for you fellas -- joint checking account,” Christie, 50, a first-term Republican, said at an Oct. 16 town-hall meeting in West Milford. “It all goes to the same place, baby.”

No Fun

He joked that this was “Mary Pat’s least favorite week” because the couple released the financial information. The governor said 2011 marked the 26th consecutive year his wife out-earned him.

Christie and his wife reported adjusted gross income in 2010 of $449,607, according to returns.

They listed $26,224 in gifts to charity for 2011, without disclosing where their contributions went.

New Jersey led the U.S. in combined state and local tax burden in 2009, according to the Washington-based Tax Foundation, a nonpartisan research group. The state also has the highest property-tax bills, which averaged $7,759 last year.

The governor in 2010 signed legislation limiting annual property-tax increases to 2 percent. This year, he has fought with Democrats in the Legislature who refuse to release $183 million set aside for income-tax relief until state revenue reaches Christie’s projections.

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