Trump Is Moving to Florida Because New York Was Mean to Him – News

Trump Is Moving to Florida Because New York Was Mean to Him – News


Since becoming president nearly three year ago, Donald Trump has rarely returned to his hometown of New York City, largely, one assumes, because most people who live there hate his guts And now the Queens native has made the absence official, changing his primary residence from Manhattan to Palm Beach, Florida, and declaring Mar-a-Lago his and the first lady’s permanent home, rather than the eponymous Fifth Avenue tower he’s lived in since 1983  Why the change of heart about a town Trump once declared the “best place to live” and “the center of the world”? The most obvious reason for the move, confirmed by a person close to the president, are the tax implications Florida has neither state income tax nor inheritance tax, which will presumably save both Trump and his heirs a nice chunk of change, though we can’t know the exact figure since, of course, he’s never released his tax returns Most likely though, he’ll avoid paying New York State’s top tax rate of almost 9%, and not have to suffer the ramifications of [checks notes] his own 2017 tax law, which repealed state and local deductions and hit high-tax states like New York very hard  In addition, there are also political reasons to move to Florida, a state Trump very much needs to win in 2020, where he kicked off his reelection campaign with a rally in Orlando Presumably he’s already workshopping some lines about how he “loves living in Florida” where he doesn’t have to contend with “commie liberals” like he did in New York  And, naturally, there’s the motivation of spite: Mr. Trump, who is deeply unpopular in New York, was infuriated by a subpoena filed by Cyrus R Vance Jr., the Manhattan district attorney, seeking the tax returns, the person close to the president said Changing his residence to Florida is not expected to have any effect on Mr. Vance’s case, which Mr Trump has sought to thwart with a federal lawsuit. Trump confirmed that the move was partially about New York lawmakers supposedly not being nice enough to him, writing on Twitter, “I cherish New York, and the people of New York, and always will, but unfortunately, despite the fact that I pay millions of dollars in city, state and local taxes each year, I have been treated very badly by the political leaders of both the city and state Few have been treated worse.” Luckily, thus far, people appear not to be taking the move too hard: https://twitter com/NYGovCuomo/status/1190059166129426432More Great Stories from Vanity Fair — How one industry is bleeding Wall Street dry of talent— Ronan Farrow’s producer reveals how NBC killed its Weinstein story— Ivanka’s $360 million deal is raising eyebrows at the FBI— The big turn for Elizabeth Warren’s campaign— Why a leading neurocriminologist left Joker completely stunned— The Fox News movie’s uncanny depictions of the network’s drama— From the Archive: The real-life story of the security guard turned bombing suspect at the heart of Clint Eastwood’s latest movie Looking for more? Sign up for our daily Hive newsletter and never miss a story Most Popular Ivanka Trump Thinks Democracy Is for LosersBy Bess Levin Even the Trump Organization Doesn’t Want to Be Associated With TrumpBy Bess Levin Trump Insists He’s Smart Enough to Commit CrimesBy Bess Levin

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