Gov. J.B. Pritzker and his wife, M.K. Pritzker, attend pre-inauguration festivities for then-Mayor-elect Brandon Johnson outside of Michele Clark Magnet High School, in Chicago on May 15, 2023. (Stacey Wescott/Chicago Tribune)
By Dan Petrella | Chicago Tribune
Gov. J.B. Pritzker and his wife saw a substantial drop in their state taxable income last year as the billionaire Democrat successfully sought a second term, partial tax records released Friday show.
The governor and M.K. Pritzker reported nearly $2.3 million in state taxable income in 2022, the lowest total since Pritzker began publicly releasing their tax returns during his winning campaign against multimillionaire Republican Gov. Bruce Rauner in 2018. For 2021, the Pritzkers reported $18.5 million in state taxable income, with the majority of that — $11.3 million — coming from capital gains.
The governor paid $209,948 in personal income tax to the federal government last year and $108,982 to the state, the returns show, significant drops from the $4.7 million in federal and $883,789 in state income taxes paid in 2021.
However, trusts benefiting Gov. Pritzker, a Hyatt Hotels heir, paid $42.3 million in federal taxes and $7.2 million in Illinois taxes last year, according to Pritzker’s campaign.
Pritzker does not take a salary as governor.
Since entering public life, Pritzker and his campaign have repeatedly declined to release tax records related to the trusts, so the information cannot be independently verified.
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