Pres. Trump, a lifetime New Yorker, changes his official residence from Manhattan to Palm Beach, Florida.
President Donald Trump said Friday that his decision to change his official residency from New York to Florida was about respect and not taxes – even though he continued to complain at length about how much he’s paid to New York City and the state.
.....with a President and Federal Government that wants our wonerful City and State to flourish and thrive. I Love New York! His wife, first lady Melania Trump, made the same declaration earlier this month; both forms were processed by Palm Beach County on Oct. 4. "I hated having to make ... this decision," he wrote,"but in the end it will be best for all concerned. As President, I will always be there to help New York and the great people of New York. It will always have a special place in my heart!"
Florida would likely provide tax benefits to the president, as it does for other wealthy New Yorkers who have made the move to the Sunshine State. The state has no income or inheritance taxes, while New York state's top income tax rate is 8.82% and New York City's top rate is 3.876%.
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