Chicago Mayor Lori Lightfoot earned more than $350K from law firm during first year in office, tax return shows

Mayor Lori Lightfoot reported making $497,000 in 2019, her first year in office, according to a tax return released by the mayor’s office. Lightfoot, who took office on May 20 that year, made $111,120 in city wages for the portion of the year she was mayor and $352,645 from Mayer Brown, her former law firm, the return shows. The mayor’s effective tax rate was 30.7%. Lightfoot’s adjusted gross income the year before was $813,000 from Mayer Brown, according to her tax filing. During the mayoral campaign, Lightfoot reported an average adjusted gross income of $971,626 from 2014 through 2017, from…

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HEDGE accordingly