Corzine Gift

Governor Corzine has given an old girlfriend $6Million and he went out with for what maybe 2-3 years. And he did his best to keep the total amount from the public. And even the liberal NY Times felt compelled to dig around and dish the dirt on one of their beloved democratic governors. I wonder is he has paid the gift tax to the IRS yet? Below is the gist of the latest news:

"Report: Corzine gave state union leader more than $6 million
The Associated Press TRENTON, N.J. ....Gov. Jon S. Corzine gave his ex-girlfriend and state worker union leader more than $6 million upon their breakup in 2004, when Corzine was a U.S. senator, The New York Times reported Wednesday.

Corzine and Carla Katz, president of the largest state worker union local, have repeatedly refused to discuss the financial arrangement between them.

But the newspaper reported lawyers familiar with the deal and union officials who conferred with Katz during recent contract negotiations disclosed Corzine gave Katz more than $6 million.
The newspaper relied on anonymous sources it said spoke on the condition of anonymity for fear of political retribution.

The package reportedly includes a trust for Katz's two children, now 12 and 15, to attend college, a 2005 Volvo sport utility vehicle that cost about $30,000 and a cash payment used by Katz to buy a $1.1 million Hoboken condominium in November in the same building where Corzine lives.

Mortgage records revealed in 2005 that Corzine gave Katz a $470,000 loan to buy a Hunterdon County home. The loan was forgiven around the time Corzine announced his gubernatorial bid in late 2005.

The New York Times reported its story was based on interviews with three dozen people, and said it found no clear explanation as to why Corzine paid the money......."