Helena Foulkes, Rhode Island candidate for governor's earnings topped $9.6 million in 2020

PROVIDENCE — Helena Foulkes lives in a different financial stratosphere from the overwhelming majority of Rhode Islanders — and all of her fellow candidates for governor.

Her newly released tax filings paint a picture of a high-paid corporate executive whose adjusted gross income dropped to $9.6 million in 2020 from $12.4 million only two years earlier.

In 2020 alone, she paid $4,259,040 in income taxes, including $3.4 million in federal taxes, $18,757 to Rhode Island and $812,362 to the state of New York, where she lived and worked — until March — as the CEO of the department store owning Hudson Bay Co. that ran Saks Fifth Avenue in the U.S. and, until recently, Lord & Taylor.

Foulkes was an initial holdout when the other Democrats vying to become Rhode Island governor voluntarily made their own returns public — to one extent or another — in October.

Read more: https://www.providencejournal.com/story/news/politics/2021/12/30/ri-candidate-for-governor-earnings-topped-9-6-million-in-2020/9039183002/