Trump and his career
Donald Trump the American business man, a bombastic real estate mogul, celebrity and of course the new candidate for the 2016 republican nomination for president of the United States is creating furor and controversy with his outspoken expression and political views. He is ratings, he sells.
The native of New York City who owns, develops and invests in real estate around the world is also a pop culture icon of our time and his role as a politician is giving him much more world renown. His experience in the real estate industry is vast and his experience in the field may come handy for his government if he gets elected president of the United States.
The conservative presidential candidate is a smart businessman. He works hard, and does whatever he can to pay the minimal amount of taxes to President Barack Obama. And his plan to completely restructure America’s tax code assures that every American will end up paying lower taxes.
Trump’s real estate in Miami
The billionaire owns several investments in the Miami area such as the Doral Gold and Spa Resort (www.trumphotelcollection.com/miami/) which he bought while the property was in bankruptcy in a sale for $150 million and and the Trump family has invested $250 million to complete a dramatic restoration recapturing the iconic resort’s early grandeur. The 700 room resort and golf course was a significant investment by Trump which he promised it was going to be the finest golf resort in the country. Trump’s brand name appears in several new condominiums and hotels in Miami and Fort Lauderdale.
Trump’s Tax Plan
Trump’s appeal is said to be his strive for giving voice to the angry masses. And even though he doesn’t seem to be the perfect fit to fight social suffocation his new tax proposals seem to have some tint of hope for the economy, which in the long run, may influence the Real Estate market in Florida. The tax proposals consist of the following:
- Anyone who is single and earns less than $25,000 would not owe any income tax
- Those making up to $30,000 will pay one percent.
- Income from $30,000 to $100,000 results in a flat five percent.
- $100,000 to $1,000,000 income will be taxed at 10 percent.
- On $1 million or above will be taxed 15 percent.
Trump said his tax plan would hike taxes on the wealthy and would eliminate federal income taxes for millions of Americans creating many jobs and opportunities for others. Trump voices the waste, fraud and abuse of the federal government and the shameful way America’s government spends your hard earned tax dollars.
Trump told reporters that the plan would personally ‘’cost me a fortune’’. But he did not directly answer how much he would pay in taxes under his proposal. He also stated that prime real estate at good price in our current economy is hard to get.
‘’With more money in their pockets Americans will be more likely to invest in real estate and keep paying their mortgages’’, Richard Paz from Paz Global Real Estate Investments assures. Paz Global is a Real Estate Investment company located in Florida which has lived through the different phases of the economy and cycles that have affected the real estate market in Miami. Richard Paz hopes that the new tax plan would be a new true engine for the South Florida Real Estate market.
