Trumpf still working hard to avoid taxes...
New Jersey tax code exempts cemetery land from all taxes, rates, and assessments. By burying his ex-wife on his golf course, Trump now has yet another way of avoiding taxes on the 520-acre property. Or at least on the approximately 10-acres around where Ivana is buried.
He already gets a deep discount by growing hay and raising a small herd of goats on the land, which allows him to claim the estate is used for “agriculture”, thus qualifying it as “farmland”, which reduces his tax bill from $80,000 to less than $1,000.
New Jersey’s tax code also exempts cemeteries from from business taxes, sales taxes, income taxes, and inheritance taxes. It doesn’t take much to see where this is going.
Related: Yet another one of Trump’s properties is in dire financial straits with no hope in sight
Brooke Harrington, professor of sociology at Dartmouth college in New Hampshire, dug into the matter and discovered that, yep, the whole thing appears to be a “trifecta of tax avoidance.”
On Saturday, she tweeted: “As a tax researcher, I was skeptical of rumors Trump buried his ex-wife in that sad little plot of dirt on his Bedminster, NJ golf course just for tax breaks. So I checked the NJ tax code & folks…it’s a trifecta of tax avoidance. Property, income & sales tax, all eliminated.”
https://www.msn.com/en-us/news/politics/oh-god-the-ivana-trump-gravesite-story-just-took-an-even-more-sick-and-twisted-turn/ar-AA10epP1?ocid=msedgntp&cvid=da7ba892a588487083f392bcc8827d2d
