Huffington Paid Little Income Tax

[Freddie Stubbs]

The candidate for governor has criticized 'fat cats' for avoiding taxes. She denies taking advantage of loopholes and unfair deductions.

TV commentator and author Arianna Huffington, who launched her campaign for governor with criticism of "fat cats" who fail to shoulder a fair share of taxes, paid no individual state income tax and just $771 in federal taxes during the last two years, her tax returns show.

Huffington, who released her tax returns for the last two years to The Times, lives in an 8,000-square-foot home in Brentwood above Sunset Boulevard that is valued at about $7 million. She socializes with many wealthy and prominent people.

But the returns show that at least for the last two years, her income was far outweighed by losses that she reported were incurred by Christabella Inc., the private corporation she owns and uses to manage her writing and lecturing business.

In announcing her candidacy last week, Huffington blamed California's fiscal crisis, in part, on the corrupting influence of special interest groups that have helped "corporate fat cats get away with not paying their fair share of taxes."

more: http://www.latimes.com/news/printedition/front/la-me-ariannatax14aug14,1,1131685.story?coll=la-headlines-frontpage