We’d say this is suspicious, but we’re talking about a prominent Democrat, so normal rules don’t apply to him. You can’t bet your last nickel if a Republican had such a shady deal it would be national news.
Gov. Andrew M. Cuomo reported his income last year more than doubled from the previous year, thanks to another round of royalty payments on a 2014 HarperCollins memoir that saw lackluster sales.
In all, Cuomo has made $783,000 from HarperCollins for his book. The book sold 3,200 copies since it was published in the fall of 2014, according to tracking company NPD BookScan.
That works out to royalty payments to Cuomo of $245 per book.
“All Things Possible: Setbacks and Success in Politics and Life’’ had an original list price of $29.99. New copies of the hardcover book were being sold Monday on Amazon for $13.05.
Well, with a payoff of $245 per book, all things indeed are possible!
The governor reported an adjusted gross income of $417,748 for last year. That is up from $196,243 the previous year, according to copies of his federal and state tax filings that were shown to reporters at the Capitol on Monday.
Cuomo previously reported – for tax years 2013 and 2014 – approximately $565,000 in income from his memoir deal with the Manhattan-based publisher.
In 2015, he reported no income from the book.
So wait, zero income from a book nobody heard of in 2015 and all of a sudden he hits the jackpot in 2016? Would be interesting to find out who actually bought these books.
In his 2016 tax filings made public Monday, the book royalty income was listed at $218,100.
Asked about the timing of the payments to Cuomo, a HarperCollins spokeswoman said the company does not comment on financial matters involving its book deals.
Cuomo’s government spokesman declined to say how many copies of the book have been sold.
“This payment was contractual and per the agreement with the publisher,’’ Richard Azzopardi, a Cuomo spokesman, said of the book income in 2015.
The Wall Street Journal, which like HarperCollins is owned by News Corp., in 2014 – under the headline “Betting Big on Cuomo’s Memoir” – first reported that the publisher was having an initial print run of 200,000 copies of the Cuomo book.
He’s looking forward to a 2020 run against President Trump because God only knows how much cash he’ll be able to rake in after a failed presidential run.