Edwards Made $27 Million in 4 Years Before Senate
In the four years before he joined the Senate, John Edwards had income totaling $26.9 million, most of it from his work as a plaintiff’s trial lawyer, aides for the Kerry-Edwards campaign said Saturday.
The disclosure of the income figures, first reported in the New York Times, came as the Democratic campaign pondered how much of Edwards’ financial and tax records to release.
Campaign spokeswoman Stephanie Cutter said a more detailed release of Edwards’ financial material was planned. It was not immediately clear what records would be disclosed.
Financial disclosure forms he has filed annually since entering the Senate show he is worth $12 million to $60 million.
Edwards created a tax shelter for himself in 1995. The shelter became an issue in Edwards’ 1998 Senate campaign.
The Times, citing records it requested and obtained from the Kerry-Edwards campaign, said Edwards paid $9,353,448 in federal taxes on his income of $26,869,496 over the four-year period.
The tax shelter allowed him to avoid paying $591,112 in Medicare tax during the period, the newspaper said.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
