Posted by Kate Dalzell
Singer and liberal activist Bruce Springsteen is well … a man of the people.
“He stands up for the little guy. A regular blue-collar Joe. A union man. A bona fide working-class hero.
And, when he’s not busy being all that… he’s a tax-dodging liberal hypocrite worth over $200 million who pretends to be a farmer to save hundreds of thousands of dollars on his property taxes that would have otherwise funded the welfare programs he pretends to care about.”
That’s right. Mr. “Union Man, Blue Collar” Springsteen is a total fraud, as I explain in my brand-new book Hollywood Hypocrites: The Devastating Truth About Obama’s Biggest Backers.
Recall that Springsteen actively campaigned for Obama in 2008, hosting free concerts that attracted tens of thousands of people in key battleground states. Springsteen’s song, “The Rising,” became a campaign staple for Obama’s speech venues and culminated in him playing for Obama’s Inauguration. And this time around, the White House plans on using the aging rocker’s new politically-motivated track, “We Take Care of Our Own,” to warm up crowds as the re-election bid kicks into high gear.
Bruce Springsteen pays over $138,000 a year in taxes for his three-acre home in Colts Neck, New Jersey. He owns another 200 adjoining acres. But because he has a part-time farmer come and grow a few tomatoes (organic, of course) and has horses, his tax bill on the remaining 200 acres is just $4,639 bucks. Do the math. By being a fake farmer, the working-class zero Springsteen is making a mint by robbing New Jersey of the antipoverty program funds he says they desperately need.
“I think it is unfair to our other property taxpayers that if you are a fake farmer, and that you don’t legitimately farm, that you are getting a property tax break and forcing your neighbor to pick up your tab,” said state senator Jennifer Beck. “That was not the intent of the law. It’s a violation of the public trust.” When Fox 5 New York reporter Barbara Nevins Taylor asked a lawyer for the trust that owns Springsteen’s land to comment on the Boss’s lucrative fake-farming tax breaks, predictably, the lawyer had no comment.
The tax loophole comes from the New Jersey’s Farmland Assessment Act of 1964. Originally the provision was created to help preserve agriculture in New Jersey. To qualify for the tax break, landowners must own at least five acres of land and produce just $500 a year in goods in order to qualify. Anyone who can meet those minimum standards can reduce their farmland tax bills by an astounding 98 percent.