NYC mayor paid just over 8 percent tax rate
New York City Democratic Mayor Bill de Blasio paid only 8.3 percent of his income in federal taxes, according to documents released by the mayor’s office.
De Blasio earned $165,000 last year as the city’s public advocate and another $52,000 in rental income. His wife, Chirlane McCray, a poet, reported no income from last year.
The couple donated around 3 percent of their income — or $5,597 — to several charities while paying $13,715 in federal taxes, $7,748 to the state, and $4,170 to the city of New York.
Part of the low effective tax rate is due to a real estate loss on a second property the couple owns in Park Slope, a tony Brooklyn neighborhood. The couple paid $28,758 on their mortgage on the property. It also depreciated by $21,547.
De Blasio, who has claimed that he is an advocate for “democratic socialism,” paid a much lower effective federal tax rate than other New York politicians.
Melissa Mark-Viverito, the Democratic city council speaker, paid a 15.9 percent effective tax rate on income of just over $128,000.
And Democratic Gov. Andrew Cuomo paid 26.8 percent on around $360,000 in income, which was split between his state salary and an advance payment for his forthcoming memoir.
Cuomo and de Blasio battled earlier this year over the mayor’s proposal to raise taxes to help fund universal pre-K programs. Cuomo, a moderate Democrat, squashed the proposal.
De Blasio has championed numerous progressive and leftist causes during his political career. During the 1980s he supported the Sandinista rebels in Nicaragua, helping raise money for the group from New York. He also worked on Hillary Clinton’s 2000 Senate campaign.
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