Gov. Nikki Haley and her husband reported earning $284,226 in 2012, including $109,481 in profits from the sale of her 2012 book, according to a copy of the couple’s tax returns.
The couple donated $130,000 to charity. The tax return did not specify what charity the Haleys donated to, but Haley’s spokesman said $120,000 went to the Original Six Foundation, a nonprofit Haley founded to aid local communities. The rest went to Mount Horeb United Methodist Church in Lexington.
While the Haleys owed the state and federal government $84,323 in taxes in 2011 largely due to a large advance on Haley’s book, the Haleys were due a state and federal refund of $11,471 for 2012 — all of which the couple applied toward their estimated 2013 tax liability. The Haleys paid $36,490 in combined state and federal taxes in 2012.
Haley reported income of $175,000 in book royalties, but $66,019 of that went for legal and professional expenses, netting a profit of $109,481. Haley’s salary as the state’s chief executive is $106,078 — according to her 2012 statement of economic interest — meaning Haley earned a combined $215,559.
Never miss a local story.
The remainder of the couple’s reported income, $68,667, came from First Gentleman Michael Haley’s salary with the S.C. National Guard and interest from an investment with Dr. Ajit Randhawa, Nikki Haley’s father.
A copy of the Haleys’ tax return reviewed by The State newspaper was dated June 6, 2013. Haley spokesman Rob Godfrey said that was the date the copy was created. He said the Haleys’ California-based accountant filed the couple’s return on April 11, before the April 15 tax deadline.
This is the fourth consecutive year that Haley has allowed the media to review her tax returns, including three years as governor.
State Sen. Vincent Sheheen, D-Kershaw, expected to be the Democratic candidate for governor in 2014, released his tax returns last month. Sheheen, an attorney, reported income of $224,920 in 2012. Sheheen paid 24 percent of his total income in taxes and gave 4 percent to charities.
Sheheen has disclosed tax returns dating back to 2000, when he was first elected to the state Senate. Haley has disclosed her tax returns dating back to 2004, the year she was first elected to the state House of Representatives.
Republican Haley, who defeated Sheheen by 4 percentage points in the 2010 gubernatorial election, is expected to officially announce her re-election bid this summer.
The disclosures come as state lawmakers debate whether public officials should disclose their personal incomes. Currently, lawmakers must disclose any income they earn from public sources. A proposed bill would require lawmakers to disclose the sources -- but not the amounts -- of their personal incomes.
That bill passed the House but did not pass the Senate by the June 6 deadline. Lawmakers will debate the bill again in January.