Trump accepted NY tax break available only to those who make $500k or less per year
Trump’s most recent financial statement listed his net worth as being greater than $10 billion
Buried by the news of the Bernie Sanders shock victory in the Michigan Democratic primary on March 8 was this story by the beltway media website The Hill regarding presumptive Republican presidential nominee Donald Trump taking a New York state property tax break available only to those whose annual incomes are $500,000 or less:
Republican presidential front-runner Donald Trump reportedly qualified for a state property-tax break for people who make $500,000 or less, business newspaper Crain’s reported Tuesday.
Trump qualified for the New York state School Tax Relief Program, called Star for short, which offers about a $300 annual benefit, on his latest property-tax bill for his Trump Tower penthouse on Fifth Avenue.
To qualify for the tax break, a married couple’s annual income must be $500,000 or less.
This is despite the fact that Trump recently filed a personal financial disclosure filing that lists Trump’s net worth as being in excess of $10 billion. For one to have a net worth of $10 billion while making only $500,000 per year, one would have to make $500,000 per year for 20,000 consecutive years and not spend a single penny of that money in that time frame. That is physically impossible.
Donald Trump is now the presumptive Republican Party nominee for the office of President of the United States, the highest government office in the entire country. It is absolutely imperative that Trump release all federal, state, and local tax filings and returns from at least the past 10 years, especially given Trump’s past record of inflating his own personal wealth for personal gain and his acceptance of a tax break that only people who make $500,000 per year or less are eligible for.