You don’t have to be a weatherman to know which way the tax code wind blows – it’s confusing and totally ponderous for many. But if you’re Stephen Pierson running for NYC Council and throwing barbs at your opponent, incumbent Stephen Levin, for financial misdeeds this item in today’s NY Post cannot be helping the things.
NYPost: Former professional poker player Stephen Pierson, who is running in Brooklyn’s 33rd District, paid the state $15,396 to settle a tax warrant last December. He blamed “some confusion” about his financial status.
Pierson’s campaign manager Diana Gonzalez tells BHB via email:
After Stephen’s father died, there was some confusion about the tax liability surrounding his father’s Roth IRA. Given what he was going through, the problem wasn’t addressed immediately, but when the issue came to his attention, he resolved it. Stephen has paid all of his taxes.
The reporter who wrote this article was aware of these circumstances and chose to omit them.
Another silver lining of sorts here for Pierson – the article Owe, no! City Council candidates have poor financial history pegs Bronx Democrat Joel Bauza who is running in D15 as the worst tax offender with obligations to the Feds topping $120k. He tells the paper that the debts are “news to me.”