Moving to Florida could be a big tax savings for Trump. (Photo: PL)
The decision of the US president, Donald Trump, to move his residence from New York to Florida, causes scrutiny about the president's motives, especially from a fiscal and political point of view.
The New York Times reported that at the end of September the Republican ruler changed his official residence of the Trump Tower in Manhattan, where he had been since 1983, for his Mar-a-Lago resort in Palm Beach, Florida, as he reviewed in judicial documents.RELATED
After that report the head of the White House confirmed the movement
in a series of tweets, in which he said he had taken the decision for
the bad treatment received in New York.
I appreciate New York and
the people of New York, and I always will, but unfortunately, to
despite the fact that I pay millions of dollars in taxes
municipal, state and local every year, the political leaders of the
city and state have treated me very badly, he said.
New York Governor Andrew Cuomo responded to the president in
that same platform with a ‘Good riddance’, a phrase that in
English is used to show relief when a person or thing leaves
It's not as if Trump had paid taxes here from
anyway. It's all yours, Florida, added the Democratic politician, who
on several occasions he has exchanged attacks with the head of the House
For his part, the mayor of the city of the same name, Bill de
Blasio, he told the ruler: ‘Don't let the door hit you at
go out or whatever ’, while offering‘ our deepest condolences to
the good people of Florida when Trump tries to escape his past (and
As the USA Today newspaper noted, the president
and his administration have not confirmed why the Queens native
decided to officially declare the so-called Winter White House as
their home, but many have speculated that politics and money play
An important role in that step.
Despite pointing in his tweet
that paid millions of dollars in taxes in the largest city in the country, not
It is possible to confirm the amount of your contributions due to your refusal
to make your tax returns public.
Democrats and various organizations believe that the president can
be trying to hide details of their real financial value, the
source of their wealth and possible conflicts of interest that
They involve their business partners.
In that sense, prosecutors of
New York have starred in one of the initiatives promoted in the
country to try to access the tax returns of the head of
the White House, who is the only American ruler since the
1970s in refusing to spread that information.
Also, moving to Florida could be a big savings in terms of
of taxes for Trump and the first lady, Melania, who presented a
similar document of change of residence.
lawyer and president of the firm Mackay, Caswell & Callahan, P.C.,
He told USA Today that they would both escape from a state tax rate
8.2 percent, and another 3.87 percent at the municipal level over
Revenue exceeding 90 thousand dollars.
To avoid the
income tax, the Trump can't be in the state of New
York for more than 183 days, although the territory could still
apply some liens on property and income, to
from the profits for your real estate.
When moving to
Florida, which has no income or wealth taxes, the
agent would also stop paying taxes on inheritance that
New York charges.
Beyond those issues, Trump has pointed out
repeatedly the importance of the southern territory in its effort to
get a second presidential term, as evidenced by the fact that
the launch of his re-election campaign last June happened
precisely there, in the city of Orlando.
That way, I know
will move from a state where he only received 36 percent of the votes
in 2016 and whose governor opposed him, another in which he imposed
with 49 percent of the support in the elections of that year and where
He has the support of the state leader, Republican Ron DeSantis.
Presumably, he is already preparing some lines on how much he
love living in Florida, where you don't have to deal with liberals
as he did in New York, Vanity Fair magazine said about it,
which recalled that Trump in the past referred to the city that now
leave as ‘the best place to live’ and ‘the center of the world’.