News comes today that Donald Trump is digging in his heels on not releasing his tax returns ever, telling George Stephanopoulos "it's none of your business" how much tax he pays or at what rate. But last night TPM Reader JJ sent in a link to a ... well, it's just a harrowing revelation that makes me think that actually releasing his tax returns could be like heading to the ego guillotine for Trump.I'm sure Mr. Machi at Daily Puma and Mr. Cannon at Cannonfire will be interested in this little item.
Some clever sleuthing by Crain's New York Business reveals that Mr Trump, as members of the entourage call him, qualified for a tax break that requires your income be less than $500,000 a year. Yes, if you make more than half a million dollars a year, you can't qualify. But Trump did qualify.
So here's the story. New York state has something called the Star program, the New York State School Tax Relief Program. For a married homeowner to qualify your income needs to be less than $500,000 a year. The benefit itself is pretty measly for a real high roller - just a $302 break on Trump's penthouse apartment in Trump Tower...
Monday, May 16, 2016
Wait! What? Trump Only Makes $500k a Year?: