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Photography
In reply to the discussion: Spotted on the wall outside the White House [View all]BumRushDaShow
(168,002 posts)33. I wouldn't be surprised
The NYT also noted this -
[snip]
Changing his primary residence could carry significant tax implications for Mr. Trump, although how much is unclear without seeing his returns. But in changing his residence to Florida, he would most likely be avoiding New York States top tax rate of nearly 9 percent and New York Citys top rate of nearly 4 percent. Leaving New York could also save money for Mr. Trumps heirs at the time of his death. New York imposes a top estate tax rate of 16 percent for estates larger than $10.1 million.
In an article in the Florida Bar Journal in January 2019, three lawyers with Proskauer Rose wrote about the recent wave of people moving from New York to Florida in large part because of the repeal of the state and local tax deduction that was a byproduct of the tax bill that Mr. Trump signed into law in 2017.
While it may be easy enough for an individual to buy a home in Florida and move, the act of physically moving to Florida is only part of the battle, the three wrote.
The real challenge is proving by clear and convincing evidence that the individual is no longer a New York domiciliary and does not qualify as a New York statutory resident for New York State income tax purposes, they said.
Changing his primary residence could carry significant tax implications for Mr. Trump, although how much is unclear without seeing his returns. But in changing his residence to Florida, he would most likely be avoiding New York States top tax rate of nearly 9 percent and New York Citys top rate of nearly 4 percent. Leaving New York could also save money for Mr. Trumps heirs at the time of his death. New York imposes a top estate tax rate of 16 percent for estates larger than $10.1 million.
In an article in the Florida Bar Journal in January 2019, three lawyers with Proskauer Rose wrote about the recent wave of people moving from New York to Florida in large part because of the repeal of the state and local tax deduction that was a byproduct of the tax bill that Mr. Trump signed into law in 2017.
While it may be easy enough for an individual to buy a home in Florida and move, the act of physically moving to Florida is only part of the battle, the three wrote.
The real challenge is proving by clear and convincing evidence that the individual is no longer a New York domiciliary and does not qualify as a New York statutory resident for New York State income tax purposes, they said.
Of course what has now happened is that he did this back last October. And now a year later, Florida has the 3rd highest total number of COVID-19 positive cases, and I also just saw that Texas has supposedly now surpassed California for the COVID-19 death toll.
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Should I add a disclaimer stating the photo was taken down here in the Sunshine state?
MichaelSoE
Oct 2020
#6
Well, I wouldn't have known.... I was just curious about the bird so I looked up its range. LOL
hlthe2b
Oct 2020
#7
Yes, I was thinking the need for paint on the fence/gate was not like the White House. . . nt
Bernardo de La Paz
Oct 2020
#10
Actually I was thinking of photoshopping a portion of the presidential seal onto the wall
MichaelSoE
Oct 2020
#36
I'm used to seeing those hideous turkey vultures that we have around here
BumRushDaShow
Oct 2020
#23