Gov. Phil Murphy and his spous Tammy Murphy had taxable income of over $3.4 million in 2024 and figure almost 32 time more than New Jersey median household income.

New Jersey first family released their 2024 tax retursn on Oct 29.

They show the pair $3410662 income is up more than $2 million from $1384.348 income in 2023.

Murphy retired Goldman sachs executive has seen income shifts during his tenure though his annual salary as governmor has remained at $175000.

tax return

The Murphy used Chad Thompson of RSM US LLP chicago office to file their taxes for third year in row.

tax return

The Murphy have seen their income swing dramatically over course of past few years from$982,000 in 2020 to $5.2 million in 2021 then dropping to $655000 in 2022 and back up to almost $1.4 million in 2023 before continuing up to $3410662 in 2024.

Amounts is higher than state median household income of $104294 accordin to US Census Bureau.

Two of four Murphy kids are claimed as dependents on return.

The pair tokk deduction of $30750 and piad $1134821 in taxes.

Information released by Murphy office showed they made $7312 in contribution and estimated $685420 in foundation distribution.

They paid total of $1349427 in local and

tax return

of 39.10%.