Westly Goes Public With Tax Records

[realFedUp]

(neither ex real estate developer Angelides nor
Arnold on Steroids has gone public with his tax
records)

http://www.latimes.com/news/local/la-me-westly20sep20,1,5315354.story?coll=la-headlines-california

Westly Goes Public With Tax Records
State controller reports $225.8-million income in 10 years. He hopes to pressure Angelides and Schwarzenegger to reveal financial data.

By Robert Salladay
Times Staff Writer

September 20, 2005

PALO ALTO — State Controller Steve Westly released a decade of his tax returns Monday, showing the former EBay executive received nearly a quarter of a billion dollars in income during the 10 years, mostly from selling stock in the online auction house.

Westly's release of tax returns is designed in part to pressure Gov. Arnold Schwarzenegger and state Treasurer Phil Angelides to do the same. Westly is facing Angelides in the June 2006 Democratic primary for governor, and Schwarzenegger, a Republican, announced last week that he would seek reelection.

"Anyone who runs for governor needs to be open and honest with his or her finances, and we think it's important to have this out early in the campaign," said Jude Barry, campaign manager for Westly, who allowed reporters to view — but not photocopy — the tax returns.

continued