Mass. Sen. Warren, husband report $925K in income in 2024
During her decade-plus on Capitol Hill, U.S. Sen. Elizabeth Warren has positioned herself as the scourge of corporate America and a champion of the little guy.
But tax forms and financial disclosure statements exclusively obtained by MassLive show that Warren, D-Mass., and her husband had an income last year that's closer to that of corporate America than the average Bay State taxpayer.
The Cambridge Democrat and her husband, Bruce A. Mann, reported a gross taxable income of $912,689 in 2024, a copy of their Form 1040 income tax return showed.
That tally includes Warren's base Senate salary of $174,000, which is almost three times more than the average U.S. income of $63,604, according to U.S. Bureau of Labor Statistics data.
The median household income in Massachusetts, a different measurement, was $101,341 in 2023, according to U.S. Census data. That put it in the top tier of U.S. states,
Mann, a Harvard Law School professor, and Warren reported an IRA distribution totaling $39,060; pensions and annuities totaling $124,724, and Social Security benefits totaling $96,260 as part of their taxable income.
The return also showed $4,045 in tax-exempt interest and qualified dividends totaling $8,222 last year, the couple's tax filing showed.
Taken together, that gave the couple $873,953 in total taxable income in 2024. They reported an overpayment of $272,684 and received a $19,547 refund, according to the filing.
Warren, 75, annually discloses her tax returns on her reelection campaign's website and is expected to post her 2024 tax returns on the website.
The Democratic lawmaker's 2023 return is not dramatically different from her 2024 filing.
Last year, Warren and Mann reported an adjusted gross income of $885,892 and total taxable income of $837,591, a filing on her website showed.
Mandatory financial disclosure statements obtained by MassLive detailed the length and breadth of Warren's and Mann's investment and other income sources, including publishing royalties ($27,919) and retirement income for Warren from her teaching positions, including her time at Harvard Law School ($88,423).
Neither Warren nor Mann reported gifts or reportable travel expenses last year, the disclosure forms showed.
Under Senate ethics rules, lawmakers may not receive more than $100 in gifts from a single source during a calendar year. Those same rules require lawmakers to disclose their travel expenses.
As was the case with her tax filing, Warren's 2023 financial disclosure form was little different from the year before. The lawmaker reported $36,323 in publishing royalties and $85,975 in retirement income.
The couple paid $35,321 to the government that year.
An analysis by TheStreet, a financial news website, put their cumulative net worth at least $8 million as of earlier this year.
Warren's reelection campaign said it had no comment on the filings.
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