Posted on 05/06/2006 4:33:09 PM PDT by Sub-Driver
Disclosure reports: Corzine gave cash gifts to top aides The Associated Press Published: Saturday, May 6, 2006 Updated: Saturday, May 6, 2006
TRENTON, N.J. (AP) - New Jersey's multimillionaire governor dipped into his personal fortune to give nearly $100,000 cash gifts to top aides late last year, just weeks before his Jan. 17 swearing in, according to recently released financial disclosure reports.
Officials in Gov. Jon S. Corzine's administration acknowledged that each gift was kept under $11,000 so that neither the staffers or Corzine would have to pay taxes.
"A gift is just that, and a number of Jon Corzine's family and friends have received them over the years," Anthony Coley, a Corzine spokesman who received one of the gifts, told The Record of Bergen County for Saturday's editions.
Corzine gave the gifts to nine top aides in his gubernatorial campaign, as well as staff members from his U.S. senate office. All the staffers now work in the governor's office.
(Excerpt) Read more at pressofatlanticcity.com ...
Yeah...but, my insurance won't pay for some of my care (think Naturopath).....
This entire story, the facts behind it, are all manufactured smoke and mirrors. There are probably more gifts given out that aren't reported, and the Corzine handlers are trying to defray any further actual investigation and public outrage by making this current story big news. When the next revelation of improper gifts is made public, Corzines media handlers will call it old news, the NJ media will parrot the Corzine line, and it will fall away from the public's perception in less than a 24 hour news cycle.
The current story is a non starter, right now the harpies in the NJ press are acting like dead cowpox cells. The state has yet to suffer the coming political and economic smallpox epidemic once Corzine passes this budget and moves on to his "political agenda".
...........Where is it written that a payment of less than $11,000 from an employer to an employee isn't taxable, even if came from personal funds?..........
That is an excellent point!
I'm going to talk to my boss Monday to be sure that this year's bonus is a personal gift!
...........Where is it written that a payment of less than $11,000 from an employer to an employee isn't taxable, even if came from personal funds?..........
That is an excellent point!
I'm going to talk to my boss Monday to be sure that this year's bonus is a personal gift!
Why does that stink? He did what millions of people do every year in order to avoid taxes. Please explain what's bad about what he did.
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So you don't mind that the guy who wants us to pay more is using the system to avoid paying them? Figure if he would just go ahead and pay them we won't have top have a raise at all. Now that seems fair to me.
As I understand this story, he gave his aides bonuses out of his OWN POCKET. That's ok to me. It's perfectly legal to give gifts under $10,000 in order not to pay taxes. People do it all the time. You don't think he should take advantage of things that are legal? Because he's a Democrat, they should pay taxes on it? Please, I'm curious as to your thinking on this.
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