Lt. Gov. Duffy’s Big Day At The Track

0

Lt. Gov. Robert Duffy had one big day at Saratoga Race Course, winning $2,628 one day there last summer, his tax returns show.

Duffy’s income in 2011, in fact, was significantly higher than his boss, Gov. Andrew Cuomo. Duffy earned $76,770 from his police pension — he’s the former police chief in Rochester — and $152,823 as lieutenant governor. Along with some investment earnings, he and his wife’s total income came to $237,995.

Cuomo’s total taxable income was $183,155. His salary, excluding pension and health-care contributions, was $168,848.

There was no immediate explanation from the governor’s office on whether Duffy hit the $2,628 in one bet or a string of winning races. If it was one bet, it would have been a pretty big exacta or trifecta, for example.

Nor did the governor’s office say what day Duffy was there. But an aide said it was one day’s worth of success. Duffy could not be immediately reached for comment.

The money came in handy, it seems: Duffy had to pay $2,124 in federal taxes. He got a $250 state return.

As for Cuomo, he received a federal refund of $7,392. He also overpaid $12,099 in state taxes, taking a $2,500 state refund and rolling the rest over into next year.

Cuomo showed that he owned no property. The home he shares with Food Network star Sandra Lee in New Castle, Westchester County, is owned by Lee. They also share an apartment in Manhattan, aides said.

Cuomo has his investments in a trust. Among them are investments in Texas, from which he earned $1,354 in income. But Cuomo’s aides said he has no control over how the money is invested.

Some of the investments were significant: He listed a $511,979 sale of securities last December. He took a $3,707 loss. Another investment grew by $361 when he sold it for $263,243 in September.

Share.

About Author

Comments are closed.