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Showing Original Post only (View all)Trump pretends Bedminster golf resort is a goat farm to cheat on taxes [View all]
https://www.google.com/amp/s/patch.com/new-jersey/marlboro-coltsneck/amp/26967743/donald-trump-new-jersey-goat-herder"COLTS NECK, NJ - Much has been made about Donald Trump's failure to release his tax returns, but our President has certainly bragged about paying as little in taxes as possible.
Well, one of the ways he does that is by maintaining a small herd of goats on his golf courses in Colts Neck and Bedminster.
According to this Wall Street Journal article, Trump keeps a small herd of goats on his Trump National course in Colts Neck. That herd, combined with hay farming and wood cutting done on the property, allows him to qualify for a special New Jersey farmland tax break, saving him tens of thousands of dollars a year in property taxes. While it is not known exactly how much Trump pays or saves (because he declined to release his tax returns), theJournal estimated the tax break could mean he pays less than $1,000 on land that would otherwise be taxed at $80,000 a year.
........
Trump works with local Colts Neck farmer Thomas Orgo to keep the goats and haul the hay. Orgo declined to speak with the Wall Street Journal for the article. Trump does the same thing with his Trump National course in Bedminster, where he also keeps goats and farms hay. Trump National in Colts Neck has 40 acres of hay fields, while Trump National in Bedminster has 113 acres."......
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Trump pretends Bedminster golf resort is a goat farm to cheat on taxes [View all]
Tanuki
Aug 2017
OP
Aw, cut the man a break! Selling Norwegian Blue Parrots didn't pan out for him
struggle4progress
Aug 2017
#2
Yes, a lot of upper income people have apparently turned their houses into "farms"...
PoliticAverse
Aug 2017
#8
The rule should be that 100% of income generated on the land should be farm related. Golf membership
Le Gaucher
Aug 2017
#17
It's a multi-use property. You can have a house (1 acre) and a min 5-acres (animal, tree, crop, etc)
TheBlackAdder
Aug 2017
#33
I have always wondered how my taxes for a 0.3 acre property are not proportionately lower
Le Gaucher
Aug 2017
#35
I believe it's the first acre for the house lot is priced high, then extra acreage is lower.
TheBlackAdder
Aug 2017
#36
Did you petition for a reduction in property values, before home prices start going back up?
TheBlackAdder
Aug 2017
#38
So in essence he can drive on the roads of New Jersey paid for with tax dollars,
turbinetree
Aug 2017
#25
Having had a farm in NJ, it takes more than owning them, you must sell goods to qualify.
TheBlackAdder
Aug 2017
#31
Actually, there's only one goat there. And he likes to live....deliciously.
Tommy_Carcetti
Aug 2017
#32