Showing posts with label net worth. Show all posts
Showing posts with label net worth. Show all posts

Tuesday, March 08, 2016

So HOW much is Donald Trump worth again?

Here is more courtesy of Crain's:  

One of the enduring mysteries of Donald Trump is just how much wealth he has. Forbes pegs his net worth at $4.5 billion, while Bloomberg News puts it at $2.9 billion. The GOP front-runner himself has said he's "really rich." 

Maybe, but Trump's income is low enough to qualify for a New York state property-tax break that most high-rollers don't get. 

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. 

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. 

"It's strange that a billionaire would apply for a $302 tax benefit and, moreover, that he would take it," said Martha Stark, a property-tax expert and former New York City finance commissioner who is now a lecturer at Baruch College. A Trump spokeswoman had no immediate comment. By the way, the city finance department checks with New York state tax authorities every year to make sure applicants for the STAR benefit have income under $500,000.

Well now, isn't THAT interesting?

I think most of us realize that Donald Trump is going to be crushed under his mountains of bullshit at some point, but what I can't decide is if it is better that it happens now during the primaries so that Hillary can run against Ted "The Lizard King" Cruz, or in the general so that both he and the entire Republican party can be humiliated on a national level.

Yep, that's conundrum alright. 

Wednesday, July 30, 2014

Celebrity gossip site claims that Bristol Palin is worth a million dollars. You don't say?

Courtesy of Richest News:  

Bristol Palin is a well known TV personality and speaker. What is more, Palin has written memoir, Not Afraid of Life: My Journey so Far, which became a bestseller. One of her main activities is being the spokesperson for teen pregnancy prevention, she is a part of The National Campaign to Prevent Teen and Unplanned Pregnancy and is a Teen Pregnancy Prevention Ambassador. Although Bristol received a lot of criticism as she herself was a teen mother, Palin is still a very active speaker. How rich is Bristol Palin? It has been made (in) a statement that Bristol’s net worth is 1 million dollars. 

Now Richest News does not cite it's sources for determining how much the Mama Grizzly cub is worth, but there are other sources on the internet making the same claims.

I find this somewhat interesting as I have heard that Bristol often pleads poverty and tries to get Levi to fork over money for Tripp's medical checkups and schooling, And this is on top of the many thousands too much he is paying her in child support.

Hmm, I wonder what the Johnstons will do with this when they finally get to court in September?