Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Michigan Bowhunter

I’m guessing Trump already uses Mira Lago or some other Florida property as his official residence for tax purposes. Listening to how Rush describes it, every day Trump works in NYC, the State of New York STILL assesses an income tax but only a moron would declare New York their official residence and let that socialist state screw him in the ass on a daily basis.


4 posted on 01/30/2019 6:04:12 AM PST by OrangeHoof (When the Rapture occurs, CNN will still be fully staffed.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: OrangeHoof
only a moron would declare New York their official residence and let that socialist state screw him in the ass on a daily basis.

and his name is Sean Hannity


8 posted on 01/30/2019 6:35:53 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 4 | View Replies ]

To: OrangeHoof

If The President is still a resident of NY then he’d report all income, pay taxes to those states outside NY on that state’s income, then receive credits for taxes paid to those states.

To the extent a state like FL has no income tax, he’d get no credit and would pay the equivalent of NY tax on his Florida income.

His interest and dividends are all reported in the state of his resident, NY, regardless of where the bank, corporation etc are located or HQd

IOW, NY with its high rates gets the lion’s share.


16 posted on 01/30/2019 8:39:26 AM PST by A_Former_Democrat ("Mods/Indies/Dems/Non-voters" JOBS or MOBS? Are CRAZY DIMS REALLY who you want BACK in POWER?)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson