sethnintendo said:
EricHiggin said:
"In addition, Trump will be paying “possessory interest” taxes to the District of Columbia. Trump has also applied to the Internal Revenue Service for a 20 percent federal preservation tax credit on money spent on the renovation."
"(The “possessory interest” tax is in lieu of property tax, since the building will continue to be federally owned and therefore exempted from Washington property taxes. This is something the district created in 2000 to obtain money from private entities conducting business on tax-exempt government-owned properties. This tax is calculated at the same rate as Washington’s commercial property tax based on assessed value. At this time, it is difficult to say what that would be.)"
Maybe instead of the best deal, they should have made a worse deal for the people, or flat out torn it down like they originally wanted to?
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https://www.reuters.com/article/us-usa-court-emoluments-idUSKCN1S72YL
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Unfortunate that this one is going to have to wait until after impeachment, whenever that takes place...
I guess this means he won't be moving forward with his future plans.
"As if restoring the Old Post Office were not enough, the Trumps also have their eyes on the Federal Bureau of Investigation building a block away, on the opposite side of Pennsylvania Avenue. The General Services Administration is looking to turn over the Brutalist building to a developer in return for land elsewhere in the area on which to build a new F.B.I. headquarters."
“We’ve been looking at that closely,” Ms. Trump said. “Our first priority is the Old Post Office, but there is tremendous potential with the F.B.I.”
