Although no one has confirmed why President Trump is declaring Florida his new home, there is speculation that politics and money play a large part.
Published 1:23 PM EDT Nov 1, 2019
According to NBC News, Trump has spent 99 days at his Mar-a-Lago club and golf course compared with 20 days at Trump Tower since he took office. But what prompted the official change in residency?Trump and his administration haven’t confirmed why the Queens native decided to officially declare his “Southern White House” as home, but many have speculated that politics and money play a large part.
New York Gov. Andrew Cuomo didn’t seem to mind Trump’s move to Florida and instead responded with a “good riddance.” However, moving to Florida could be a huge tax saver. The president and first lady would be escaping an 8.2% state tax rate and a 3.87% city tax rate on income over $90,000, according to Joseph Callahan, attorney and president of Mackay, Caswell & Callahan, P.C. in New York.
"It’s an absolute no-brainer," Callahan said on the president's decision to move."It's excellent as a tax-saving decision."Where does Trump live?
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why I’m Leaving New York: A Donald J. Trump StoryTrump announced on Thursday night that he would move his permanent residence from Trump Tower to Mar-a-Lago after his presidency.
Read more »
Why President Trump’s kids are probably celebrating his move to FloridaThe No. 1 reason billionaires decide to move.
Read more »
Why Is Trump So Weird About Dogs?Trump seems to be genuinely impressed with Conan the hero military dog, but his admiration is entirely out of step with his long-held, very negative dog beliefs
Read more »
Why I'm Conflicted About Katie Hill's Resignation From Congress'What would have been a blip on the resume for a male politician was a life and career-ruining incident for Hill. That makes me worry not just for her, but for the precedent this sets for female politicians of the future.'
Read more »
Arnold Schwarzenegger on Why Jealousy Is a Good ThingArnold Schwarzenegger talks about his rivalry with Sylvester Stallone, his favorite low-tech exercise equipment and the biggest difference between playing the Terminator in his 70s vs. playing it in his 30s
Read more »
Why militants have widened attacks in KashmirRecent violence targeted outsiders from mainland India entering the disputed Kashmir, a significant shift triggered by India's decision to reduce the semi-autonomous region into a New Delhi-ruled territory.
Read more »