Tax Break for Trump Could Cost DC Millions
Tuesday, January 22, 2013
(Metropolitan Washington Council, AFL-CIO)A sweetheart tax deal for billionaire Donald Trump (right) could mean a
loss of millions annually for District services. Trying to dodge taxes on his
proposed luxury five-star hotel in the historic Old Post Office, Trump has asked
for a break on DC’s “possessory interest tax,” a mechanism the District
created in 2000 to capture revenue from private entities conducting business on
tax-exempt government property. The Old Post Office is owned by the federal
government. “DC taxes pay for our city schools, our local police, our public
health services,” says Metro Council President Jos Williams. “Trump is worth
almost $3 billion; he can well afford to pay his fair share.” Click here to
sign the No
Special Tax Breaks for Donald Trump! petition. - image from DCist
article, "Annoying
Billionaire Donald Trump Seeks Tax Break from D.C."
