The land would be exempt from property, income and sales taxes Ivana Trump, the first wife of former US President Donald Trump, has been buri
The land would be exempt from property, income and sales taxes
Ivana Trump, the first wife of former US President Donald Trump, has been buried at Trump National Golf Club Bedminster in New Jersey, which could have tax benefits for her ex-husband’s business.
According to tax documents published by ProPublica, the family of the former US president requested “to designate a property in Hackettstown, New Jersey, (about 30 kilometers from Bedminster) as a non-profit cemetery company,” the professor of Dartmouth College Sociology, Brooke Harrington.
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. pic.twitter.com/VDZBlDyuhQ
— Brooke Harrington (@EBHarrington) July 31, 2022
The academic specified that turning the property into a cemetery offers “a trifecta of tax evasion”, that is, the land would be exempt from property, income and sales taxes. “It looks like one dead body will be enough to make at least three forms of tax disappear,” she added.
“‘Cemetery company’ means any individual corporation, partnership, association, or other public or private entity that operates, controls, or manages land or premises used or dedicated for the burial of human remains,” under New Jersey state law.
Ivana Trump died on July 14 at the age of 73 as a result of the injuries she suffered after falling at her residence on the Upper East Side (Manhattan). (RT news)