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New York Tax Lawyers Threaten President Trump Over Move to Florida

Resistance revenuers were out in full force this week.

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There are seemingly no end to the ways in which the “resistance” will attempt to “get” President Trump.

This carte-blanche opposition to the Commander in Chief is no different from a child who simply disagrees with their sibling on the principal that they are looking for conflict.  At every turn, the President is met with a metaphorical “nuh uh”, and the constant derisiveness has been a massive deterrent to political progress in our nation.

Now, as Trump looks to switch his primary residence from New York to Florida, the Empire State is biting back.

“You can leave New York, but you also have to land in a new location with the intention of staying there indefinitely,” said Mark S. Klein, partner at law firm Hodgson Russ in New York.

Trending: Report: Schiff’s ‘Whistleblower’ Coordinated Attack on Trump with Alexander Vindman

“I wonder if you can really argue that someone who spends 90% of his time overseas or in Washington, plus weekends in the winter at Mar-a-Lago, has he really stuck the landing?” Klein asked. “I’m not sure he did.”

Trump’s move was part of a plan for the President to take advantage of lax tax laws in the Sunshine State, a move that has been made time and time again by so-called “snowbirds”.

Trump is following a well-trod path of many other septuagenarian New Yorkers who have been drawn to Florida’s year-round warmth, sunshine and low taxes. Last year alone, 63,000 New Yorkers became Florida residents.

Others in the White House had a message for the clingy New York tax enforcers.

“I think the governor of New York should take a look at his economic policies and what is happening there,” said Kellyanne Conway, a counselor to the president. “The president is doing what many taxpayers have done and property owners have done, and that is to go to a state that is more hospitable to hard-working Americans.”

New York’s tax collectors will certainly miss having the Trump fortune around, but state leaders sure won’t.

Both Governor Andrew Cuomo and Mayor Bill de Blasio blasted the President for the move, declaring “good riddance” and “condolences to the people of Florida”, respectively.

 

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Taxes

U.S. Supreme Court Puts Halt to New York to Turn Over Donald Trump’s Tax Returns

The U.S. Supreme Court has put a temporary halt to a lower court’s ruling that would allow the state of New York to turn over President Donald Trump’s tax returns.

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The U.S. Supreme Court has put a temporary halt to a lower court’s ruling that would allow the state of New York to turn over President Donald Trump’s tax returns.

The high court put an end to the lower court’s agreement with leftists who want access to the president’s financial information because the case may be heard by the Supremes.

The temporary stay of the lower court’s ruling comes after the Democrat-led House agreed to slow down its demands for the tax returns to give the high court the chance to decide if it will take the case.

The lower court’s ruling was set to take effect on Wednesday.

The decision also comes on the tail of the president’s emergency appeal to the high court to block the lower court’s ruling.

The Trump legal team also filed a separate request to block a subpoena from the New York prosecutor for Trump’s tax returns.

The next opportunity the justices have to decide if they want to hear the president’s case comes on Friday when they meet in private.

In July, Democrats in the House filed a lawsuit demanding that the IRS and the U.S. Treasury Department release Trump’s tax returns.

“In refusing to comply with the statute, Defendants have mounted an extraordinary attack on the authority of Congress to obtain information needed to conduct oversight of Treasury, the IRS, and the tax laws on behalf of the American people who participate in the nation’s voluntary tax system,” the lawsuit read, according to Breitbart News and the Associated Press.

“The Committee has been unable to evaluate President Trump’s claims about the audit program or investigate its other concerns because the President has declined to follow the practice of every elected President since Richard Nixon of voluntarily disclosing their tax returns,” the court papers continued.

“Without reviewing the requested return materials, the committee cannot ensure that the IRS’s audit process is functioning fairly and effectively, understand how provisions of the tax code are implicated by President Trump’s returns, or exercise its legislative judgment to determine whether changes to the code may be warranted,” the filing said.

Follow Warner Todd Huston on facebook.com/Warner.Todd.Huston

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Taxes

Donald Trump Moves Primary Residence to Florida to Spite New York Tax Man

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Donald Trump is a born New Yorker, but he’s finally had enough of paying New York and New York City’s obscene taxes. So, he has now moved his primary residence to Florida to spite New York’s tax man!

Now that is a smart move!

The media has finally picked up that back in September, Trump re-registered his primary residence as Mar-a-Lago, his Palm Beach County, Florida, resort.

First lady Melania Trump also re-registered her primary residence as Mar-a-Lago.

The new paperwork describes Mar-a-Lago as the Trump’s “predominant and principal home” and Florida as their new home state, and that they intend to reside there permanently.

The paperwork also describes the president’s “other places of abode” as Trump’s Bedminster, New Jersey, golf club, as well as the White House.

Donald Trump was born in Queens, New York, and he has always listed his home as New York City, most recently his penthouse in New York’s Trump Tower. But he’s had it with left-wing, hate-filled, bankrupt New York.

The White House has refused to say why the president changed his official place of residence, but a person close to the president told the media that it was because of the taxes.

But there was another motivation.

The insider also said Trump was infuriated by a lawsuit aimed at disclosing his personal tax returns filed by Manhattan District Attorney Cyrus Vance.

It is also pertinent that the State of Florida has no state income taxes.

With the move, the Trump family will save both the nine percent state tax on income, as well as the four percent the City of New York charges. That would amount to millions a year saved for a man as rich as Trump!

Florida is a far more welcoming state for Trump, too. He lost New York to Hilary but beat Hilary by 1.2 percent n Florida in 2016.

Trump also kicked off his 2020 re-election bid with a rally in Orlando, Florida.

Follow Warner Todd Huston on Twitter facebook.com/Warner.Todd.Huston.

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Taxes

Deep Blue Illinois Tops List as Most Taxed State in America

The deep blue state of Illinois now tops the list as the worst state for an American citizen to live in due to the obscene tax burden they suffer.

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The deep blue state of Illinois now tops the list as the worst state for an American citizen to live in due to the obscene tax burden they suffer.

The top ten worst taxed states are mostly all Democrat-run states, according to the list published at Market Watch.

According to Market Watch:

This week, the personal-finance publication Kiplinger’s released its list of the most — and least — tax-friendly states in America. To draw its conclusions, it used a hypothetical couple with two kids and $150,000 in income a year plus $10,000 in dividend income, and then looked at the income-, property- and sales-tax burden that family would face.

Illinois took the No. 1 spot on the list, thanks in large part to its high property taxes. The Land of Lincoln was followed by Connecticut and New York, both of which have pretty high-income taxes.

Illinois leads the pack of mostly deep blue states in making life hard for its citizens.

Of the top five on the list, only Wisconsin is a mostly red state having gone red only recently after decades of being led by taxaholic Democrats.

1. Illinois
2. Connecticut
3. New York
4. Wisconsin
5. New Jersey

On the other side of the ledger, all five of the best, most tax-friendly states are red states.

1. Wyoming
2. Nevada
3. Tennessee
4. Florida
5. Alaska

Interestingly, one of the worst states in the union, California, did not even crack the top ten of the worst states.

That surprised Market Watch, too.

Rocky Mengle, the tax editor for Kiplinger’s, told MarketWatch that’s because many people “when they talk about California tax, they focus on the 13.3% [income tax] rate, which is the top rate — but that is for people making more than $1 million.” For many others, the rate is much lower, he said, adding that “California has a fairly progressive income tax, with nine brackets.”

Still, California is still one of the worst states in nearly every other metric.

Follow Warner Todd Huston on Twitter @warnerthuston.

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