Los Angeles mayoral candidate Rick Caruso responded to an opponent's challenge by declaring how much he paid in taxes. But, unlike most other major candidates, he refused to release his full returns.
Rick Caruso joined rivals Karen Bass, Joe Buscaino, Kevin de Leon and Mike Feuer onstage for the first time in Tuesday’s Los Angeles mayoral debate.He also said in the two-page tax report that he paid more than $2.3 million in business income taxes and stated that he paid taxes on his 216-foot yacht, Invictus. But the amount levied on the $100-million vessel, now for sale, also remains remains private.
De León said through a spokesman that a recent move prevented him from providing five years of returns, but that he planned to release most of the information by Tuesday. Buscaino and his wife, Geralyn, who works for the Los Angeles Unified School District, paid between 17% and 23% of their income in taxes. Filing alone, Bass paid 22% to 23% to the government. De León’s returns showed he paid 26% in 2017 and 23%, in 2018; while figures released by his campaign indicated 30% of his income went to income taxes in 2021.
In slap about an investigation that has bedeviled the city attorney’s office, Ragone added, “The irony of politicians who practice transparency only when compelled by the FBI or investigations isn’t lost on anyone in LA. It’s these kind of political games that contribute to out of control homelessnesses, rising crime and rampant corruption.”
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