Phil Murphy Releases 2016 Tax Returns

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Just days ahead of Election Day, Democratic gubernatorial candidate Phil Murphy has released his 2016 taxes.

Murphy had a gross income of $4.6 million in 2016 and paid $1.5 million in federal and state taxes.

The release comes as the former Goldman Sachs executive and Obama Administration ambassador leads his Republican rival Lieutenant Governor Kim Guadagno in polls and fundraising.

Read: Latest Monmouth University Poll: Murphy Maintains Lead Over Guadagno

Guadagno reported income of $306,000 in 2016 according to the returns she released in July.

Murphy's campaign released just two pages of returns, but says it will soon make more documents available.

Murphy has promised to raise taxes on income over $1 million to finance other campaign promises.

Related: Cumberland County Election Guide 2017

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