As the campaign for governor heats up, Republican candidate Tom Foley is criticizing Democratic Gov. Dannel P. Malloy for taxes he paid in rental income on his former home in Stamford, which was valued at around $200,000.
According to his tax filings, Malloy only paid $1,795 on the taxable income.
On the seemingly small amount, Malloy said, “These are the same deductions that you claim on your own home when you live in it, for instance, property taxes or a mortgage as well as other expenses that go into the base of your house.”
Foley started laughing when he was asked about the tax issue during an event in Rocky Hill on Tuesday.
“I at least included everything in my summary on my income" Foley told reporters. "He apparently failed to include income on a summary he provided. $180,000.”
Foley released three years worth of tax filings to the press last month, but reporters were only allowed to view the documents and take notes, but were prohibited from making copies.
The Republican said he filed for an extension on his 2013 tax filings and when he was asked about whether he would release them soon he said, "I haven't thought about it."
As for Malloy's rental income, he said he did what any homeowner would have done to limit his tax liability.
“We paid the mortgage. We paid the taxes. The depreciation was a little, and maintenance was the rest of it and that’s what it is" Malloy said.
