Two leading Democratic senators are pressing Supreme Court Justice Clarence Thomas to say if he repaid a wealthy friend any of the principal for a $267,230 loan he used to buy a luxury motorhome.
"That such income from the forgiven debt was not reported on any of Justice Thomas's financial disclosure reports raises the possibility that Justice Thomas also did not report such forgiveness as income for tax purposes, as federal law requires," the senators wrote in the letter obtained by CNBC.in August that Thomas in 1999 paid for his Prevost Le Mirage XL Marathon — a luxury RV — with a loan from Welters, a close friend of his.Mass.
"There should be a simple answer as to whether Justice Thomas had hundreds of thousands in debt forgiven so that he could retain possession of a luxury motor coach that doubles as a second home," the senators wrote.