ALBANY – Gov. Andrew M. Cuomo reported his income last year more than doubled from the previous year, thanks to another round of royalty payments on a 2014 HarperCollins memoir that saw lackluster sales.
In all, Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
"All Things Possible: Setbacks and Success in Politics and Life’’ had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
The governor reported an adjusted gross income of $417,748 for last year. That is up from $196,243 the previous year, according to copies of his federal and state tax filings that were shown to reporters at the Capitol on Monday.
Cuomo previously reported – for tax years 2013 and 2014 – approximately $565,000 in income from his memoir deal with the Manhattan-based publisher.
In 2015, he reported no income from the book.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.
Asked about the timing of the payments to Cuomo, a HarperCollins spokeswoman said the company does not comment on financial matters involving its book deals.
Cuomo’s government spokesman declined to say how many copies of the book have been sold.
“This payment was contractual and per the agreement with the publisher,’’ Richard Azzopardi, a Cuomo spokesman, said of the book income in 2015.
The Wall Street Journal, which like HarperCollins is owned by News Corp., in 2014 – under the headline “Betting Big on Cuomo’s Memoir” – first reported that the publisher was having an initial print run of 200,000 copies of the Cuomo book.
The governor made just shy of $168,000 for his state job. Beyond the book royalties, he also reported $445 in interest income and $33,184 in dividend income from a New York City bank that handles his investments.
Cuomo’s total federal tax in 2016 was $113,570 and his total tax on his New York returns was $27,731. He reported non-taxable interest of $9,960. He listed $45,417 in itemized deductions, including $7,450 for tax preparation fees and $20,000 in charitable donations. Aides said his deductible contribution went, as Cuomo often does, to a nonprofit housing group called HELP.
The Cuomo administration also made public copies of Lt. Gov. Kathy Hochul’s 2016 tax returns.
With her husband, William, the former U.S. attorney from Western New York, Hochul reported an adjusted gross income of $367,911 last year. She and her husband had a total federal tax of $79,920 and state tax of $23,005.
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