Trump Loses New York City Tax Cut!

Now that his primary residence is the White House, President Trump has lost the tax abatement on his Trump Tower apartment. The tax break is for New York home owners whose primary residence is in the city, which Trump lost after moving to the White House in January, 2017. The lost tax break will cost Trump almost $49,000. The tax ruling was apparently based on a tip from the New York Daily News to the New York City property tax department.

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