Steve Garvey, the Republican challenger to Rep. Adam Schiff in California's Senate race, has disclosed owing at least $350,000 and up to $750,000 in back taxes. Garvey stated that he has been working with his accountant and the IRS to resolve the debt by the end of the year. The financial disclosures show federal and state tax liabilities, with an 8% interest rate on both.
Rep. Adam Schiff's Republican challenger in California's Senate race, Steve Garvey , owes at least $350,000 – and up to $750,000 – in back taxes , according to his February financial disclosures . Garvey told Fox News Digital in a statement on Friday: 'We have been taking this very seriously and have always filed our taxes on time.' 'We have been working diligently with our accountant and the IRS to resolve this debt by the end of the year,' he said.
The financial disclosures, filed by Garvey in the Senate Office of Public Records, show that the former MLB player racked up between $250,001 and $500,000 in federal tax liabilities in 2011, and owes between $100,001 and $250,000 in tax liabilities in the state of California. The statement also says he owes an 8% interest rate on both liabilities listed. It's unclear whether the taxes are a reflection of business- or self-incurred liabilitie
Steve Garvey California Senate Race Back Taxes Financial Disclosures Tax Liabilities IRS
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