and his Trump International Hotel in Washington, D.C. , which qualify for more tax breaks. He fights property tax bills. He says “I’m smart” for paying no federal income taxes, but since he hasn’t released his tax returns yet we don’t really know how good he is at this tax-avoidance game.
These high-stakes moves are a hot topic among the ultrarich. “We continue to have conversations with clients about changing domicile from high tax jurisdictions to Florida,” says Chris Zander, president of Evercore Wealth Management in New York City. The firm opened a Tampa, Florida, office in 2013 and a Palm Beach office in 2018 to accommodate. “The financial impacts are real!”
If New York tax authorities were to audit the Trumps, the audit would first focus on the “domicile” test: Where do the Trumps really consider home? Second, the auditors would look to the alternative residency test, called “statutory residency”–whether the Trumps had a place of abode in New York state and spent more than 183 days there.
RR02Caroline I wonder why people always say “a bold move” when he’s just cheating everyone. Just because he screws America so publicly and uncaring really isn’t bold. It’s arrogant, reckless, and self serving, etc, etc, etc.
LOVE THAT STRPPED DRESS MELANIA!!❤️👗
Join the exodus! California to Texas, ny to Florida!
Moving from one State to the other, doesnt stop any Investigation or shield the person from any Crime. HAHAHAHAHA wow
Except *45 still owns at least 7 giant properties in N.Y. Is he going to sell them all? Doubtful. He is going to be filing tax returns in N.Y. for years to come.
I’m not mad at him. I’m learning a lot from this man.
Does he even pay takes anyway? Who knows, but I doubt it.
Florida voted for him, let them have him.
Good for him! Everyone who is being screwed by the high taxes of the Democrat-ran states should move to lower tax states. This is why we have states.
Republicans are worrying about effects not causes, they are worrying about reactions not the actions
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