Tags: Bill de Blasio | income tax

NYC Mayor de Blasio Paid 8.3 Percent Income Tax

Wednesday, 16 Apr 2014 12:45 PM

By Melissa Clyne

New York City Mayor Bill de Blasio, who campaigned on a platform of raising taxes on the wealthy, paid an effective federal tax rate of 8.3 percent in 2013, according to The Wall Street Journal.

De Blasio and his wife, Chirlane McCray, reported a gross adjusted income of $165,047. The amount is a combination of his salary as public advocate, a tax refund, and $45 in interest, The New York Times reports.

The de Blasios reported giving $5,597 — or 3.4 percent of their adjusted gross income —  to charity. The mayor’s aide told the Times that the de Blasios support the Brooklyn Food Coalition, which promotes food justice and sustainability; UpBeat NYC, which offers music classes to children in the South Bronx; and the Red Hook Initiative, which provides programs for young people, as well as churches throughout the city.

The couple also reported $52,200 in rent on a duplex rowhouse in the Park Slope section of Brooklyn. The de Blasios claimed a loss on the property after accounting for mortgage costs and depreciation, according to the Times.

As mayor, de Blasio will be paid $225,000 annually.

While campaigning to succeed billionaire Mayor Michael Bloomberg, de Blasio proposed raising income taxes for New Yorkers earning more than $500,000 to pay for universal, all-day prekindergarten and after-school programs.

The state legislature approved funding statewide pre-k, but did not allow the tax increase. Even so, de Blasio took credit for the funding approval, saying his efforts paved the way for the decision, according to Bloomberg.

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