Diary

STARgate: Trump's income hasn't exceeded $500K for the past 6 years

You may have missed a footnote in a Crain’s NY article on Trump receiving a $302 STAR tax refund which is only for NY residents making less than $500K a year.  Is this #STARgate?

Trump’s campaign manager, Corey Lewandowski, said the tax benefit was “an error on the part of the city of New York” and that Trump received the benefit over the past three years even though he hadn’t asked for it since 2009, when tax authorities began checking on applicants’ income. The city’s Finance Department said it checks with New York state tax authorities every year to make sure applicants for the STAR benefit have income under $500,000. A spokesman for the New York State Department of Taxation and Finance said STAR recipients had to provide a social security number in 2013 as part of statewide registration program.

So Trump’s own campaign acknowledges that Trump started asking for that tax benefit as early as 2009, which suggests he has been receiving it for 6 years, claiming each year that he made less than $500K in income.  At least since 2013 all STAR recipients had to give their social security so that NY could verify their income.  So it has been verified for the past 3 years that Trump has made less than $500k in income.

Why is that scandalous?  Because Trump most certainly had more income that $500k in the past 3 years, and so at minimum claiming these benefits could be tax fraud.  This also suggests that Trump is hiding behind the greatest facade of all.  Trump may not even be a billionaire.

The good news? We can call Trump’s bluff.  Deny him the nomination at the brokered convention, and he wouldn’t have enough money to go 3rd party.  No delegates until he releases his taxes.

The more pressing item here is to see if Trump committed systematic tax fraud for the past 6 years (he did admit to being audited every year).  When Romney released his taxes, Romney had multiple millions in income from his stock portfolio…why doesn’t Trump?   I urge Mitt Romney to conduct a careful investigation of these new troubling developments.