If Ivana Trump’s final resting place indeed is at the Trump National Golf Club in Bedminster, New Jersey, designating the property a cemetery could provide multiple tax exemptions for the Trump Organization
Harrington studies how wealthy people shield their money from taxes. She saw reports of Ivana Trump's golf course burial, and did some digging into the regulations. As it turns out, designating a property a cemetery could provide exemptions for:"This is a perfectly legal maneuver. I can't say if former Presdient Trump will avail himself of it," she said."but if someone wanted to do this - designate part of your land as a cemetery corporation.
Ivana Trump was remembered as a famous New Yorker and mom on Wednesday at her Manhattan funeral. News 4's Gus Rosendale reports. It's not clear if the Ivana Trump burial plot represents an effort to turn part of the Trump golf course into a cemetery. The Trump course didn't immediately respond to a request for comment. Neither did the New Jersey Cemetery Board, nor elected leaders in the Town of Bedminster.
But the Trump family has taken steps to designate the plot as a cemetery in the past. A 2014 tax filing, first reported by Pro Publica, showed an entity called the Trump Family Trust planned to"maintain and operate a nonprofit cemetery in Bedminster." And,, the former president has already lessened his tax burden on the property by previously designating the site as a"farm" because some of the trees on the property are turned into mulch for flower beds.
"If this is indeed what former President Trump is attempting to do, he would just be behaving like an ordinary member of the ultra rich around the world," said Harrington.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Was Ivana Trump Buried at the Trump National Golf Club?Rumors abound about the New Jersey gravesite of former U.S. President Donald Trump's first wife.
Consulte Mais informação »
Ivana Trump buried at NJ golf club, could mean tax breaks for Donald Trump (reports)The former president previously said he wants to be buried at the Trump National Golf Club in Bedminster.
Consulte Mais informação »
Ivana Trump buried at golf club, could mean tax breaks for Donald TrumpNew Jersey tax code states any land that is dedicated to cemetery purposes is exempt from all taxes, rates, and assessments.
Consulte Mais informação »
Why Ivana Trump Was Buried at Bedminster Golf Course: 3 TheoriesMany have found the decision to bury Ivana Trump at Trump National Golf Club Bedminster puzzling. Here are three theories about what's going on here
Consulte Mais informação »
Ivana Trump's Burial Place May Have Landed Donald Trump These Huge Tax BreaksDonald Trump reportedly takes advantage of every tax code with Ivana Trump's burial site.
Consulte Mais informação »