Home About Chat Users Issues Party Candidates Polling Firms Media News Polls Calendar Key Races United States President Senate House Governors International

New User Account
"A historical political resource." 
Email: Password:

  Harold Ford's Tennessee Tax Dodge
NEWS DETAILS
Parent(s) Race 
ContributorRP 
Last EditedRP  Feb 12, 2010 07:33pm
Logged 0
CategoryScandal
News DateSaturday, February 13, 2010 01:00:00 AM UTC0:0
DescriptionWhen it comes to his shadow run for Senate, Harold Ford is a New Yorker through and through. When it comes to paying taxes, though, he's still a Tennessean — he's never filed a New York return.

Ford claims to have moved to New York three years ago, and says paying "New York taxes" makes him a New Yorker. But his spokeswoman confirms to Gawker that he's never filed a New York tax return — meaning that he's never paid New York's income tax, despite keeping an office and a residence in New York City as a vice chairman of Merrill Lynch since 2007: "He pays New York taxes and will file a New York tax return in April for the first time," Ford's spokeswoman Tammy Sun told Gawker. "He will file all necessary personal disclosure and tax forms that candidates are required to file if he chooses to run." (According to Sun, Ford admitted to the tax dodge yesterday at a press availability in Albany, but we can't find any news accounts mentioning the remarks.)

Ford presumably decided that his real home was Tennessee, which conveniently has no income tax. Which means that, despite the fact that New York law requires part-time and nonresidents to pay income tax on money they earn in the state, Ford has shielded his entire Merrill Lynch salary from New York's tax collectors for the past three years. In fact, it seems like Tennessee's lack of an income tax may be the best explanation for Ford's rather complicated two-state life since 2007 — he clearly wanted to live in New York, and married a woman in 2008 who did live in New York. But he made sure to keep a foot in a state whose tax code is friendly to rich guys like himself.
Share
ArticleRead Full Article

NEWS
Date Category Headline Article Contributor

DISCUSSION