Trump qualified for tax break available only for those making less than $500k a year

Posted by | May 15, 2016 22:00 | Filed under: News Behaving Badly Politics

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Either Trump makes much less money than he alleges, or he is manipulating the system.

It’s called the STAR program, which stands for the New York State School Tax Relief Program and has been around since 1997. It offers an approximately $300 annual benefit for those who qualify. Hundreds of thousands of New York homeowners get it.

City says Trump should not have received tax break but won’t explain how it happened

Here’s where it gets interesting for Trump: To be eligible for STAR, a married couple must have annual income of $500,000 or less. One wouldn’t think a guy as rich as Trump claims to be would qualify, but records filed with the city’s Department of Finance show he received a $302 STAR benefit on his latest property-tax bill for his Trump Tower penthouse on Fifth Avenue.

That means whatever his annual income is, it’s less than $500,000. (The state defines income for STAR purposes as federal adjusted gross income minus the taxable amount of total distributions from annuities or individual retirement accounts.) And Trump would have to have declared his New York apartment as his primary residence and sent the state a copy of his federal income-tax return in order to qualify for the $302 tax break.

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

15 responses to Trump qualified for tax break available only for those making less than $500k a year

  1. robert May 15th, 2016 at 22:04

    Oops the auditors probably had a problem With this one ?

    • whatthe46 May 15th, 2016 at 22:16

      this is why he didn’t want to release his tax records. but alas, his stupid ass followers won’t care. EMAILS DAMNIT, EMAILS!!!

      • granpa.usthai May 15th, 2016 at 23:03

        I still think it has something to do with an infidel buying and selling properties in DUBAI!

      • robert May 16th, 2016 at 03:02

        If there were any emails to read we would have heard something by now

        • whatthe46 May 16th, 2016 at 08:11

          i was referring to how they are making an non-issue of hillary’s emails, but his cheating on his taxes means nothing to them.

    • granpa.usthai May 15th, 2016 at 23:06

      ahem,
      even if words don’t matter, you should always use them in their proper tense

      ARE HAVING

      • robert May 16th, 2016 at 03:00

        Since the link above suggests this took place in 2007 I think there was no error but you could be right by saying it’s another lump in this years tax carpet

  2. Buford2k11 May 15th, 2016 at 22:14

    it is probably a ploy just to get that deduction…He can set any amount as his “income” he wants….the rest of his income could be vacationing in the Caymans or Panama or any number of places in which to disappear from the Tax rolls…

    • whatthe46 May 15th, 2016 at 22:19

      but those have no bearing on anything. this is about the state of NY and surely you cannot list a multi-million dollar pent house apartment in a building you own and seriously suggest you make less than 500k a year.

      • granpa.usthai May 15th, 2016 at 23:02

        you would have to be a damn good negotiator to pull that off.

        BUTT!

        negotiations use words, and if words don’t matter – ………

  3. granpa.usthai May 15th, 2016 at 22:57

    doing some 4th grade math:

    2,000 years.

    THIS means the donald could NOT have been born in the USA.

  4. William May 15th, 2016 at 23:35

    I don’t think the right wing mouth breathers even care.

  5. labman57 May 15th, 2016 at 23:41

    Trump would no doubt defend it as an example of being a shrewd businessman — you know, in the same manner that he abuses bankruptcy laws.

    • Rebeccarfoster1 May 16th, 2016 at 01:34

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  6. 17 May 16th, 2016 at 01:29

    Al Capone’s gettin’ really pissed now.

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