Written by Daniel Anderson.
New York Governor Kathy Hochul and her husband, Bill Hochul, experienced a significant increase in their income during her second term, with their combined earnings reaching nearly $2 million in 2023. But Democrats aren’t corrupt. Everyone’s income doubled overnight, right?
Surge in Hochul Family Income
The Hochuls’ financial disclosure, reported by City & State, shows their gross income jumped to about $1,902,102, effectively doubling their previous year’s earnings. This boost was primarily due to Bill Hochul’s role as a senior vice president and general counsel at Delaware North, a major player in the gambling industry, where he raked in $1.5 million before his mid-year departure from the company.
Tax Contributions and Additional Earnings
In terms of their tax obligations, the Hochuls paid $610,072 in federal taxes and an additional $123,090 in New York state taxes. These figures correspond to tax rates of 32.94% federally and 6.85% at the state level. Their income was supplemented by $80,579 in deferred payments from Delaware North and $45,544 in pension payments from Bill Hochul’s tenure as a federal prosecutor, a position appointed by former President Barack Obama.
Comparison of Incomes
Governor Hochul’s own salary contributed $250,000 to their total income, stemming from her gubernatorial duties. She assumed office following the resignation of Andrew Cuomo amid severe allegations and scandals, and later won a full term against conservative opponent Lee Zeldin in 2022.
Charitable Contributions
