Los Angeles City Councilman Joe Buscaino Monday became the second candidate for mayor of Los Angeles to release his tax returns from the last five years, following City Attorney Mike Feuer.
According to Buscaino’s 2021 tax return, which he filed with his wife Geralyn, the couple’s adjusted gross income was $291,758, and $257,152 was taxable. The couple paid $50,841 in taxes and donated $7,655 to charities.
In 2020, the couple’s adjusted gross income was $278,819, with $239,235 considered taxable. They paid $43,897 in taxes and donated $6,384 to charities.
In 2019, the couple’s adjusted gross income was $221,793, with $178,339 being taxable. They paid $27,428 in taxes and donated $6,949 to charities.
In 2018, their adjusted gross income was $224,020, with $180,697 being taxable. They paid $28,077 in taxes and donated $6,209 to charities.
In 2017, their adjusted gross income was $210,769, with $129,699 being taxable. They paid $25,237 in taxes, according to the return. They gave $5,440 to charities.
“In these five years of returns, you will see that both my wife and I are public servants. We give to local neighborhood charities and do our best to serve our community. I love this city and that’s why I’m running for mayor — to continue to serve and move Los Angeles forward,” Buscaino said.
Buscaino’s tax returns were released Monday along with his personnel file from his time as an officer at the Los Angeles Police Department.
The release comes after Feuer challenged real estate developer Rick Caruso — who is also running for mayor — to release his tax returns, alleging during a March 22 debate that he has a $100 million yacht registered in the Cayman Islands.
Caruso responded that he would “release everything that I pay in taxes,” including on the yacht, once all the other candidates on stage decide to release their tax returns. Along with Feuer, Caruso and Buscaino, the debate included Rep. Karen Bass and City Councilman Kevin de LeÃ³n.