Mayor Brandon Johnson released his most recent tax returns to the Tribune this month, with the documents showing he is less wealthy than his predecessors and does not earn outside income.
Johnson’s tax returns show his family brought in just over $176,000 in wages for 2023, his first year as mayor of Chicago. His annual salary was $216,210 that year, and he began his term mid-May.
After claiming the standard $27,700 deduction for filing jointly with his wife Stacie and a $6,000 child tax credit, records show Johnson paid $17,302 in federal taxes, an effective tax rate of 11.65%. Johnson didn’t claim any other income from investments, retirement fund distributions or capital gains in 2023.
He separately paid just under $8,000 in state income taxes, after taking a $140 tax credit for the property taxes he paid on his Austin home.
2023 was the highest reported wage Johnson earned since 2019. Household income for the Johnson family will go up for next year’s return, since his 2024 wage as mayor of Chicago climbed to just over $221,000.
The Tribune annually requests the Chicago mayor’s tax returns, a longstanding tradition in U.S. politics when it comes to major public offices. Politicians are not mandated to disclose their income tax forms, but many do so to demonstrate transparency about potential conflicts — a particular importance to many voters in Illinois, where generations of politicians have enriched themselves through their government roles.
Johnson, who grew up in suburban Elgin and famously touts being a West Sider, has often drawn from his humble upbringing when pitching himself as a firebrand progressive seeking to enact a host of “tax the rich” proposals.
During the 2023 campaign, he fought back against criticism over his unpaid water bills to the city by saying his debt indicates he understands the plight of struggling Chicagoans, although by then he was employed as a county commissioner and Chicago Teachers Union organizer.
Still, Johnson’s tax forms show his income history is more modest than that of his predecessors, Lori Lightfoot and Rahm Emanuel, while they were in office. Lightfoot, who grew up in the working-class town of Massillon, Ohio, reported making $402,414 in adjusted gross income in 2021, the most recent year the Tribune requested her returns. She reported taking out $210,000 in early distributions from retirement accounts that year to supplement her mayoral salary.
While working as a partner at the law firm Mayer Brown before becoming mayor, Lightfoot reported an average adjusted gross income of $971,626 from 2014 through 2017.
Emanuel reported making $554,000 while mayor in 2017, including $353,000 from interest, dividends and capital gains from investments.
Johnson did not provide his full 2022 return, which the Tribune has also requested, but his latest filing and other returns dating back to 2018 that his campaign provided to the Tribune during the mayoral race show the family reported about $161,782 in 2022, $161,000 in 2021, and $160,000 in 2020.
Between 2018 and 2022, Johnson worked two jobs as a county commissioner earning $85,000 annually, and a separate income for the Chicago Teachers Union. His pay at the union varied year to year. His highest gross salary before becoming mayor was in 2019, when he earned about $94,000 in addition to his county salary, according to CTU’s federal disclosures.
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Between 2018 and 2021, Johnson also reported income for his work as a “media personality.” He reported $1350 in gross income for that side business in 2021, while wife Stacie reported just under $2,000 in income for work as a doula. Johnson was not paid for his show on radio station WCPT AM-820, but was compensated when filling in for other hosts, his campaign previously told the Tribune.
As a candidate when running for mayor in 2023, Johnson released four years of tax returns to the Tribune, with the most recent year’s reported income being 2021.
Johnson previously reported $108,019 in adjusted gross income for 2018 when he was a regional organizer for the Chicago Teachers Union. In 2019, Johnson reported $171,300 in gross adjusted income. He listed his occupation as regional organizer, though he also was serving his first full year on the county board.
For 2020, Johnson reported $160,217 in gross adjusted income. Johnson also reported $2,530 in income as a “media personality.”
The next year, Johnson reported $161,371 in gross adjusted income. He also reported $1,350 as a “media personality” but claimed $1,450 in expenses and reported a $100 loss. His wife also reported making $1,941 as a doula that year.
Johnson’s most recent city economic disclosure statement reported no financial conflicts in 2023.
