President Trump Has Officially Filed To Move From New York To Florida, Where Taxes Are Much Lower

President Donald Trump confirmed last week that he filed paperwork to become a resident of Florida.

Trump is joining a growing number of New Yorkers who are moving to Florida and saving on taxes. Fellow billionaire New Yorker Carl Icahn also recently announced a move to Miami, joining 63,722 New Yorkers who moved to Florida in the past year.

New York State has a top income tax rate of 8.82% while New York City adds as much as 3.876%. Recent tax law changes make it impossible to deduct those payments from federal taxes, making them much more costly.

New York’s Democratic governor tweeted “good riddance” in response to the news of Republican Trump’s move, while the Democratic mayor wrote “don’t let the door hit you on the way out or whatever.”

In practice though, New York doesn’t give up on its income tax easily. There is a “100 percent chance” that New York state will audit Trump, a tax accountant told the AP, since they want to be sure he really has relocated.

(photo: phillip pessar)

 

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Anonymous

cant blame the guy……

Anonymous

hate him… but it’s the same reason why I moved here

Anonymous

Would u consider not voting the same politicians that created NY in FL. I’m not talking crap, for real, it’s a serious questions. Im asking with serious respect and curiosity. I get ppl don’t like trump bc the way he acts but can u at least acknowledge democratic policies ruined NY and maybe not vote those types of politicians down here??

Anonymous

Trump and his minions, including white nationalists, kKK members, Russians, and racists are a threat to Florida’s tourist industry and it’s diverse citizens. The state has more than 40 percent of it population that are non Anglo/white. Trump and MAGA is at war with non white people.

Anonymous

Lmao FL has one of the strongest conservative Latino populations in the country. Not just Cubans, many PRs and S.Americans actually like Trump and his immigration policy.

-actual resident of South Florida and Latino (Mexican dad/PR mom) oh and I’m gay since I know how much you love demographics ☺️

Anonymous

Oh yes you can.

Anonymous

“Recent tax law changes make it impossible to deduct those payments from federal taxes, making them much more costly.”

You can literally blame his own tax reform.

Anonymous

New York Will Fuel Florida for decades. Favorable tax climate, weather, etc. The irony in all this is that the same people fleeing states with State income tax, are the people who voted for it. Prepare for the invasion and ultimately what will lead Florida to become a permanent blue State because those who are fleeing go to States like Florida and Texas and begin to vote for the policies they are running from.

Anonymous

So you’re saying that because Donald Trump’s new “tax law changes” which “make it impossible to deduct(NYC up to 3.876%)those payments from federal taxes, making them much more costly,” Trump is running from one of the states that was affected by his new law?

Anonymous

If by running you mean living in a $150 million South Florida Estate with secret service security for life. Sure

Anonymous

That’s what he does. he punished NY because everyone there hates him. Now he leaves and bashes the city. he’s 4 year old.

Anonymous

Only problem is there are others that will flee because of climate change / sea level rise… but those will be the poorer people that can’t afford self-insurance…

Anonymous

Not necessarily, Washington is a blue state that has no income tax and filled with limousine liberals from Amazon and Microsoft.

Anonymous

But they have some of the highest sales taxes in the country

Anonymous

Those “limousine liberals from Amazon and Microsoft” are better than those Alabama, Mississippi or Arkansas Red Neck truck Drivers from Walmart.

Anonymous

You mean those rednecks that buy Trump’s BS. let them starve.

Anonymous

However, Republicans have scarred and divided his country BIGLY(lol). Race relations has been setback to the year preceding the freeing of slaves in America. Trump has been feeding this narrative. Florida is a diverse state and would be better off without his divisive behavior.

Anonymous

The lie that Trump is racist is the same lie that Romney is racist, the McCain was racist, that Bush was racist. Smart people of all colors will notice a pattern.
This is a smart person that can explain it very well.
https://www.youtube.com/watch?v=0cUQqPxw3hc
This girl is very very smart.

Anonymous

Tthe Democratic mayor wrote “don’t let the door hit you on the way out or whatever.” I guess the mayor of NYC thinks those thugs hoping over the subway turn stalls will pay for NYC’s subway maintenance and social programs.

Anonymous

Those ‘thugs’ probably pay more tax than Mr. Trump… Why haven’t we seen his returns? because he doesn’t have as much money as he claims, and hasn’t paid taxes in years…

Anonymous

Who wouldn’t pay less taxes if they could hire top accountants and lawyers and pay less LEGALLY? Don’t blame the people who exploit the inefficiencies in our laws. Blame the people who wrote the laws.

Anonymous

Jealousy at play again.
Hahahaha

Anonymous

Legally? You’re kidding, right?

Anonymous

Trump has always verbally hyped up his properties but on paper he has reported them to be worth less so he can challenge government appraisals resulting in less Property taxes thus increasing NOI. This is Real Estate 101.

Anonymous

Challenge? LoL. The correct word is cheat.

Anonymous

You probably have no clue how tax law works but please enlighten us. If Trump has employees in the state he has to pay payroll taxes. Since he has property located in the city he also gets assessed the MTC commuter charge as well. That is solely based of the cost of assets located in NY. Add on real estate taxes for his personal home / investment properties and Don’t forget to add in the sales tax in NYC. Making a statement that he hasnt “paid taxes in years” is beyond false its laughable.

Anonymous

What about his own income taxes?

Anonymous

Well if he has taxable income within the state of New York under their own tax laws than he pays an income tax. Vice versa, if you have a taxable loss you probably wont have to pay an income tax. The CPA firm he uses is a large one that knows what they are doing. People look at income taxes like thats the biggest tax but in reality NY has a bunch of taxes that guys like him pay.

Also, lets not forget to take into account how much of his own money he pumps into the local economy for dining out, events, rental cars, etc. Cuomo’s comment may look nice but the governor already admitted that NY will be short on its budget if ppl continue to leave.

Anonymous

Forbes has his net worth at 3.1 billion. Even if they were terribly off (which they aren’t) and they somehow doubled his Net Worth he’d still be a billionaire. 1? 2? 3 Billion? Who cares. The guy is rich. get over it.

Anonymous
Anonymous

“1? 2? 3 Billion? Who cares. The guy is rich. get over it.”

I bet this is coming from one of the same people that called Obama an “ELITIST.”

Anonymous

“I bet this is coming from one of the same people that called Obama an “ELITIST.”
You do not understand what people mean when they say elitist. Money is not the main measure of elitism.

Anonymous

Well, since you understand all their different nuances, then tell us what the GOP really meant when they were calling Obama an “elitist?”

Anonymous

criminal – con man. illegal money — and also an illegitimate president. you get over it.

Anonymous

I think i saw a video of you crying on election night with the rest of your friends.

Anonymous

I think I saw a video with you and your friends putting guns to your heads when Obama got reelected.

Anonymous

When Trump is reelected, the first thing you’re going to scream about is six-year single terms.

Anonymous

You mean like Trump is boo hooing about investigations into his “quid pro quo” dealings with the President of Ukraine?

Anonymous

DEMOCRATS live in their unique world, I remember next day election results went out, (We have the prove of Collusion) jjajajajajaj New One (We have the prove on Ukraine probe) yes, yes, Sons of Pelosi and Biden working for a foreign power.

Anonymous

Funny how y’all fail to realize that both sides are corrupt and are too busy fan girling over your respective parties while they both swindle you to the bank

Anonymous

That’s just gibberish you speak.. no proof or facts presented to back up anything.

Anonymous

“We have the prove?”

No wonder you voted for Trump – dumbasses of a feather flock together.

Anonymous

Remember when he said he was worth 5-7 billion?

Anonymous

They don’t and they’re literal thugs did you see the video ?

Anonymous

No, Amazon will pay for…-oh wait!

Anonymous

Welcome Mr. President
South Florida is winning

Anonymous

explain ….

Anonymous

You’re probably too narrow minded to understand so why bother?

Anonymous

so.. of course you have no answer except MAGA #Trump2020 ??? LMAO

Anonymous

If you can’t figure it out, you probably won’t.

Anonymous

North easterners have always been moving to Florida so that’s nothing new.

Anonymous

Floriduh.

Anonymous

“South Florida is winning?”, we already have enough criminals!

Anonymous

He won’t be president for long. You can visit his ugly orange ass in prison.

Anonymous

Welcome to florida Mr President. Best ever…!!!!

Anonymous

Welcome to Florida soon to be ex President!!! I RATHER VOTE FOR A TURT THAN TRUMP!!!!

Anonymous

I’m really appalled at the level of hatred from some people. We grew up to respect authority and our government officials and to VOTE when we disagreed not to insult.

Anonymous

Respect is earned. Trump doesn’t respect other people – he has no right to expect it.

Anonymous

Sometimes the truth may appear you are being disrespectful. If you can’t bear it, grow up.

Anonymous

Funny, the GOP didn’t gaveadamn about respect and authority towards government officials when Obama was president. Remember how they even bashed and make jokes about him for wearing a Tan Suit?!

Anonymous

remember when Michelle Obama said “when they go low we go high” ??? Hahaha

Anonymous

Yes
Rather contradictory

POLO

I’m really appalled by the level of stupidity from the people that support this despicable President!!!

Pendejo Trump Jr

Your President does NOT respect authority, the government, or the constitution, and display a level of hatred for anyone who does not agree with him!!!!

Anonymous

WRONG !!!!

Anonymous

Wrong?.. how can he respect the constitution when he’s never even read it?

Anonymous

Jajjajajajaja yeap and probably you are looking at the same pols of the 2016 election jajajajajajja

Fredo

Welcome Mr. President, and anyone else leaving N.Y. for Florida.

Anonymous

People have been moving by the thousands from New York to Florida before you were born.

Anonymous

One can’t just declare their state of residence. He would have to spend the majority of his time in Florida.

Anonymous

Not very hard to do. Looks what Carl Icahn is doing. Told his people he is leaving to Sunny Isles to live in his house on Indian Creek. If you want to come the job is available if not youll be let go. NY is going into the dumpsters once all the well to do leave to save money on taxes.

There isnt a need to be in NYC after the advancements of working mobile.

Anonymous

I thought he already did :/

Anonymous

Can’t wait to hear the headlines “Florida man nukes North Korea”

Anonymous

TRUMP 2020

Anonymous

Good. New York is fudging up

Anonymous

I’m no handwriting expert… but that signature … ??!! LMAO #CompensatingForSomething

Anonymous

Con-men don’t sign anything legibly.

Anonymous

I agree. It makes one look smart! Lol!

Anonymous

Please.. that’s how the heart monitor connected to him looks when he see Putin or the females in a dressing room at one of his BS beauty pageants.

Anonymous

Yeah, I agree. It makes one appear to be smart. Lol!

Anon

i love he appeared to sign this with a sharpie marker. haha.

Anonymous

Why Trump’s Tax Reform was the RIGHT thing to do. Numbers are simplified for illustration, but the concepts are correct. Two people, one in NYC, one in Miami, each make $100,000 in taxable income. Each pay 36% in INCOME taxes or $36,000 per year. This is the breakdown pre-Trump plan. NYC guy pays $23,000 to the FEDERAL govt. and $13,000 to the STATE AND LOCAL govt. total $36k Miami guys pays $36,000 to FEDERAL govt. and $0 to the STATE AND LOCAL govt. total $36k Not fair for the USA. Two people pay the same total, but the lunkhead New York state and local politicians, get $13k and the country gets shortchanged, but the NYC guy. NOW, after the initial Trump plan, the NYC guy can deduct up to $10,000. Meaning that if NYC guy wants to keep living like this, and NY State and NYC keep their taxes the same, then NYC guy pays $26,000 to the Feds and $13,000 to the State and Local taxes (SALT). Still not fair that NYC only pays $26k to the Federal govt and Miami guy pays $36k to the Federal govt, but it is a step in the right direction. It really… Read more »

Anonymous

Just what Florida needs, another criminal.

Anonymous

Do Florida residents have to pay property taxes while doing time in Federal Jail?

Anonymous

Yes, but at least they can keep their primary residence after bankruptcy.

Anonymous

He doesn’t pay his taxes anyway, so what difference does it make? — oh that’s right he’s going to get busted now that tax info will become public so now he has to “move to florida” LOL

Anonymous

Why you bring Rev. Al Sharpton to the conversation ? don’t get it.

Anonymous

You also “don’t get” how to compose the English language.