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BumRushDaShow

(168,002 posts)
33. I wouldn't be surprised
Thu Oct 8, 2020, 09:57 AM
Oct 2020

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 State’s top tax rate of nearly 9 percent and New York City’s top rate of nearly 4 percent. Leaving New York could also save money for Mr. Trump’s 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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0 members have recommended this reply (displayed in chronological order):

Oh my! soothsayer Oct 2020 #1
The presents of vultures is the harbinger of impending death. magicarpet Oct 2020 #28
How apropos.... the American BLACK VULTURE hlthe2b Oct 2020 #2
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
Well, it might be like THIS White House. Chellee Oct 2020 #16
Actually I was thinking of photoshopping a portion of the presidential seal onto the wall MichaelSoE Oct 2020 #36
But the Sunshine State IS now his "official residence" BumRushDaShow Oct 2020 #24
It's where he is registered to vote. . . . nt Bernardo de La Paz Oct 2020 #25
He did more than that. It's also for tax purposes BumRushDaShow Oct 2020 #26
I assumed the change was in part for bankruptcy purposes. Doesn't Florida WheelWalker Oct 2020 #27
I wouldn't be surprised BumRushDaShow Oct 2020 #33
Trump is illegally using Mar-A-Lago as his residence csziggy Oct 2020 #39
Oh I expect it was and still is a legal mess BumRushDaShow Oct 2020 #40
While it may be for their exclusive use, it is still against the agreement csziggy Oct 2020 #41
Ahhh.... Thank you! BumRushDaShow Oct 2020 #42
Well, it IS "outside the White House." klook Oct 2020 #37
They are very common in this region. lagomorph777 Oct 2020 #13
Red eyes, a fly NJCher Oct 2020 #3
"Where there is a dead body. . ." DinahMoeHum Oct 2020 #4
That is a fact..... Historic NY Oct 2020 #34
Patience my little birdies, patience.... TheCowsCameHome Oct 2020 #5
Am. Out. Of. Patience. Wawannabe Oct 2020 #8
Did you take these photos? Raine1967 Oct 2020 #9
Yes I did MichaelSoE Oct 2020 #11
Cool. Raine1967 Oct 2020 #17
Vultures come home to roost. ananda Oct 2020 #12
Black vultures!! We don't have them where I live. AllyCat Oct 2020 #14
Vultures are ready for you Donny IronLionZion Oct 2020 #15
Wow, talk about foreboding omens! PatSeg Oct 2020 #18
ohm myyy. a wake of vultures . also known as a commitie. AllaN01Bear Oct 2020 #19
Wow! Iconic and foreboding. LymphocyteLover Oct 2020 #20
Wow. flibbitygiblets Oct 2020 #21
Nevermore wnylib Oct 2020 #22
I'm used to seeing those hideous turkey vultures that we have around here BumRushDaShow Oct 2020 #23
The turkey vultures return signal spring around here. A welcome sight, as WheelWalker Oct 2020 #29
We seem to have them here in the Philly area year-round BumRushDaShow Oct 2020 #35
They smell death firstwife Oct 2020 #30
That's one nasty looking FLY! speaknow Oct 2020 #31
Turkey vultures (turkey buzzards) can be found in Maryland. pazzyanne Oct 2020 #32
More Villa Belmonte than the White House GoneOffShore Oct 2020 #38
Hahahahaha!!!! Oooh, that's cold but I love it! Talitha Oct 2020 #43
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