AOC’s Failed Business Venture From 2012 Still Owes Tax Money to the IRS
Tax warrants are issued against businesses if they 'fail to timely resolve' their tax debt
Rep. Alexandria Ocasio-Cortez's failed business venture from 2017 still has an outstanding tax warrant, which her office promised would be promptly paid earlier this year.
The tax warrant was issued by the State of New York in July 2017 against Brook Avenue Press, a children’s books publisher which was founded by Ocasio-Cortez in 2012.
To date, AOC's company still owes $1,618.36 in unpaid corporate taxes.
Tax warrants are issued against businesses if they “fail to timely resolve” their tax debt, and fail to respond to notices of their debt, the New York Department of Taxation and Finance said.
According to public records, Ocasio-Cortez's company was dissolved in October 2016, which is what usually happens when a business fails to file a return or pay corporate taxes.
A spokesperson for Ocasio-Cortez, who recently called for tax increases on the wealthy, said in reposne to the Times article that fees would be settled right away.
But they still haven't.
According to The Daily Caller, the Bronx County Clerk confirmed that the Brook Avenue Press tax warrant remains open and that a satisfaction of judgment has yet to be filed in the matter.
House Speaker Nancy Pelosi appeared to relent on her stance against moving forward with President Donald Trump's impeachment just hours after Rep. Alexandria Ocasio-Cortez, D-N.Y., said it was a major "national scandal." READ MORE: https://t.co/AUhqxyTjXW— Neon Nettle (@NeonNettle) September 23, 2019
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With her congressional salary of $174,000, Ocasio-Cortez presumably does have means to pay of the unpaid taxes.
AOC echoed a much different tone in 2012 regarding taxes, when she came out in support of a bill that would provide tax deductions for business start-up costs.
“You don’t really make a profit in your first year,” Ocasio-Cortez told the now-defunct DNAinfo when she was attempting to get her business off the ground.
“To get taxed on top of that is a real whammy.”
Earlier this year, a complaint filed with the FEC revealed that Alexandria Ocasio-Cortez's campaign set up two PACs to funnel over $1 million in "dark money."
The Federal Election Commission was drafted in to investigate a complaint from a political watchdog that Ocasio-Cortez's senior campaign aide and Chief of Staff Saikat Chakrabarti set up two political action committees (PACs) which funneled over $1m in political donations to Chakrabarti's two private companies.
The allegations against the Democratic socialist's team run counter to her ongoing calls to increase transparency and tackle the influence of "dark money" in politics.