Tax returns show McMasters’ income has dropped since he became governor to almost $352K | Palmetto Politics


COLUMBIA — Reported income earnings by Gov. Henry McMaster and his wife have steadily declined by more than $200,000 since they moved into the Governor’s Mansion, according to a review of their tax filings. 

For 2020, which is their latest filing, South Carolina’s first couple reported a total income of nearly $352,000, of which they paid $63,229 in combined state and federal taxes. 

The couple’s earnings were almost $557,500 in 2017 — McMaster’s first year as governor. That marked a 21-year high for the couple. They paid a combined $176,410 in taxes that year. 

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