Tom Foley is running for Governor of Connecticut. He’s a Republican millionaire. So, he doesn’t pay taxes. Seriously, not at all.
The most recent returns reveal that Foley paid zero percent in federal taxes for the third year in a row.
Tom Foley lives in a ten million dollar house, has a 5 million dollar yacht, and owns two airplanes. He’s paid zero taxes in the past three years.
Get this. It’s his explanation.
Foley has laughed off the governor’s criticisms, saying, “In America, if you don’t have any income, you don’t pay taxes.”
Dude, if you’re running on your business acumen and you took losses on your businesses, maybe you should run on your good looks instead.
His Democratic opponent, Gov. Dannel Malloy pays taxes.
Malloy, has released partial tax returns for the past four years, which showed he paid effective federal tax rates of 38.19 percent, 20.7 percent, 25.3 percent and 25.2 percent. In those years, the total income figures for Malloy and his wife, Cathy, were $319,912, $212,892, $303,467 and $305,534.
Remember Leona Helmsley’s “only little people pay taxes.” Well, Honey, she was an amateur.