From New York To Florida, Trump's Fiscal And Political Move

November 1, 2019, 1:18 p.m. By Martha Andrés Román

Washington, Nov. 1 (Prensa Latina) The decision of the US president, Donald Trump, to move his residence from New York to Florida, today provokes scrutiny on the president's motives, especially from a fiscal and political point of view.

The New York Times reported yesterday 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, according to reviewed in court documents.

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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, 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 very badly, he said.

The governor of New York, Andrew Cuomo, responded to the president on that same platform with a 'Good riddance', a phrase that is used in English to show relief when a person or an unwanted thing goes away.

It's not as if Trump had paid taxes here anyway. It's all yours, Florida, added the Democratic politician, who has repeatedly exchanged attacks with the head of the White House.

For his part, the mayor of the city of the same name, Bill de Blasio, told the ruler: 'Do not let the door hit you when you leave or whatever', while offering 'our deepest condolences to the good people of Florida when Trump tries to escape his past (and near future). '

As the USA Today newspaper noted, the president and his administration have not confirmed why the Queens native officially decided to declare the so-called Winter White House as his home, but many have speculated that politics and money play an important role in that step.

Despite pointing out in his tweet that he paid millions of dollars in taxes in the largest city in the country, it is not possible to confirm the amount of his contributions due to his refusal to publish his tax returns.

That is why the Democrats and various organizations believe that the president may be trying to hide details of his real financial value, the source of his wealth and the possible conflicts of interests that involve his business partners.

In that sense, New York prosecutors 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 to refuse to spread that information.

Also, moving to Florida could represent a huge tax savings for Trump and the first lady, Melania, who presented a similar document of change of residence.

Joseph Callahan, lawyer and president of the firm Mackay, Caswell & Callahan, PC, told USA Today that both would escape a state tax rate of 8.2 percent, and another of 3.87 percent at the municipal level over Revenue exceeding 90 thousand dollars.

To avoid the income tax, the Trump cannot be in the state of New York for more than 183 days, although the territory could still apply some levies on the property and on the income, from the gains on their real estate .

Upon moving to Florida, which has no income or wealth taxes, the president would also stop paying taxes on the inheritance charged by New York.

Beyond those issues, Trump has repeatedly pointed out the importance of the southern territory in his effort to obtain a second presidential term, as demonstrated by the fact that the launch of his re-election campaign last June occurred precisely there, in the city of Orlando .

In that way, he will move from a state where he only received 36 percent of the votes in 2016 and whose governor opposed him, to another in which he won with 49 percent of the support in the elections of that year and where he has the support of the state president, the Republican Ron DeSantis.

Presumably, he is already preparing some lines on how much he loves living in Florida, where he does not have to deal with liberals as he did in New York, Vanity Fair magazine said in this regard, which recalled that Trump in the past referred to the city that now leaves as 'the best place to live' and 'the center of the world'.

mgt / sea

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