Tax returns show McMasters earned almost $426,000 in 2015

March 23, 2017 - 7:31 pm

COLUMBIA, S.C. (AP) — South Carolina Gov. Henry McMaster and his wife's earnings have risen from a nearly $122,000 loss in 2000 to an almost $426,000 profit in 2015, his first year as lieutenant governor.

That's according to 16 years of income tax returns reporters were allowed to view in his office Thursday. His 2016 returns are not yet prepared.

Most of the McMasters' profits over the last several years came from their rental properties.

Nearly 73 percent of his 2015 earnings came from 16 properties, all but one in downtown Columbia.

The couple's most profitable year in that period was 2014, when they earned nearly $441,000.

In 2000, while McMaster was state GOP chairman, both his law firm and their rental properties reported losses. McMaster served in that unpaid position through 2002.

AP Editorial Categories: 
Comments ()