Eric Adams' tax returns published: how much money the mayor of New York has

Mayor Eric Adams said he earned $245 last year. That's including $000 from renting his Brooklyn home before he moved into the Gracie mansion. This is shown by recently published tax returns. New York Post.

A 24-page federal and state tax return shows that Adams received the bulk of his income in 2021 from his then position as Borough President of Brooklyn and from his police pension.

In total, the current mayor paid $73 to federal, state, and local governments in income taxes in 000. This is about 2021% of his earnings.

He had about $232 in taxable income, including $000 from renting apartments in the building, offset by $24 in depreciation.

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The rest of his income consisted of a $179 salary in his final year as president of the Brooklyn Borough. As well as a $000 pension with the NYPD.

The mayor's personal finances came under scrutiny during the 2021 mayoral election.

Especially after accusations that he abused public resources by living in Brooklyn Borough Hall and commuting regularly from New Jersey to work.

Adams and his campaign denied both allegations. Although Adams advertised the installation of a bed at the historic Borough Hall during the coronavirus pandemic. Subsequently, no violations were found.

Much of the focus was on the mayor's home on Lafayette Avenue in Brooklyn's Bedford-Stuyvesant neighborhood. His neighbors said in interviews that they rarely, if ever, saw Adams there.

These memories were backed up by Adams' tax returns, in which he told the tax authorities that he had spent zero days living in one of the apartments. And also did not report any income from the rental of apartments that he rented out.

Adams was forced to amend his 2017, 2018 and 2019 tax returns. And he chalked it up to his then taxman, Clarence Harley. However, the reporters were unable to find him. And court records show that he was fired from his job as manager of a co-op in Harlem.

And then his re-election campaign organized a tour of the flooded apartment in the Adams house.

The controversy flared up again this spring. Then he suggested that he would not make his tax returns public.

This would make him the first mayor in recent New York history to refuse to do so.

Every mayor since Ed Koch has provided partial or complete copies of their tax returns to the public. Even though disclosure is not required by city or state law.

City Hall eventually backed down a few days later. But Adams delayed filing returns until October. He referred to his application to the Internal Revenue Service for a six-month extension.