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?
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