Donald Trump Confirmed That He Moves From New York Because He Feels "mistreated" – 11/01/2019

The president of the United States, Donald Trump, has changed his official residence and that of his family in New York – where he lived for decades before arriving at the White House – in Florida, a state with greater tax advantages.

Trump confirmed this transfer through his Twitter account after The New York Times reported exclusively to him.

His residence, which to date had been established in his luxurious triplex of the Trump Tower in Manhattan, now becomes Mar-a-Lago, his well-known mansion and private club in Palm Beach, where he spends winter weekends fleeing of the cold Washington.


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"I appreciate New York and its people, and I always will, but unfortunately, despite the fact that I pay millions of dollars in municipal, state and local taxes every year, the political leaders of the city and the state have treated me very badly. "said the president.

"A few have treated worse. I hate having to make this decision, but in the end it will be the best for all concerned," he said.

Trump has never made his income declarations public, breaking with a tradition of decades in American politics, so it is unknown how many taxes he pays and where.

Andrew Cuomo, governor of New York, denied that Donald Trump was paying taxes in the state. / REUTERS / Shannon Stapleton /

In fact, the governor of New York, Andrew Cuomo, denied that Trump contributes to the state: "It's not that Trump paid taxes here anyway. All his, Florida."

A source close to Trump told The New York Times that the reason for moving the residence is fiscal.

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Florida has no state or inheritance tax, so it has become a very popular destination for millionaires in New York and the northeast of the country to fix their residences, especially since the tax changes that Trump's tax reform brought about.

With the change of residence, Trump will not have to pay 9% of New York state tax or 4% of the city, and his successors will avoid the 16% that the state imposes on inheritances exceeding $ 10 million.

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In addition, while Trump arouses a great rejection in his native, heavily Democratic New York, the state of Florida, where he already won in 2016, is of vital importance for his eventual re-election next year.

Source: EFE



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