The NY state government has fined Democratic NY Rep. Alexandria Ocasio-Cortez for failing to pay taxes on her previous company five years ago.
On July 6, 2017, a tax warrant was filed against Brook Avenue Press by the state of NY, which was a child-oriented publishing company Ocasio-Cortez formed in 2012 — to collect $1,618 in unpaid corporate taxes. Due to the representative’s failure to pay the taxes, the tax warrant has risen by 52 percent to $2,461.
The New York Department of Taxation and Finance says that if businesses “fail to promptly address” their debts and do not respond to notifications, the state will take “additional collection action,” including issuing tax warrants.
A New York state tax warrant was filed almost 2 months after she started her campaign for the United States House of Representatives, according to the Examiner. The warrant was reportedly still open as of last week when a representative for the Clerk’s office in Bronx County informed the newspaper.
The NY representative promised to reimburse the corporate taxes, but her office later said that the tax warrant was issued “by mistake,” according to the Examiner. “The congresswoman remains in the process of disputing the tax warrant. The company has been closed for many years now, so we think that the state Tax Department has continued to charge franchise taxes in error,” Hitt told the New York Post in May 2020. “As anyone who’s attempted to dispute a tax obligation can tell you, it takes time.”
In 2019, she was named as the creator of Brook Avenue Press on her 2018 financial statement. The firm’s status was terminated according to a procedure for firms that haven’t paid taxes in at least two years or failed to file a tax return.
Representative Alexandria Ocasio-Cortez of New York called for raising taxes to 60% -70% for the wealthy to pay for her climate policies.
“But once you have gotten to the tippy-top of your ten-millionth dollar, tax rates can be as high as 60 to 70 percent,” she told CNN’s Anderson Cooper in 2019. “You need to be contributing more if you’re going up this ladder. … I’m a radical if that’s what it means to be radical.”