NJ Governor Murphy Paid $1.8 Million in 2021 Taxes, Returns Show

New Jersey Governor Phil Murphy and his wife, Tammy, in 2021 paid $1.79 million in state and federal taxes and donated almost $700,000, according to a tax-return summary his office released on Thursday.

Murphy, a 65-year-old Democrat, is a retired senior director at Goldman Sachs Group Inc. with a vast investment portfolio. For 2021, the couple reported federal taxable income of $4.95 million and an effective tax rate of 36%.

Their income and taxes were more than double what they reported for 2018, the governor’s first year in office. The income was $4 million more than he reported for 2020, ...