There are a number of different loopholes that can be used by property owners to pay lower taxes. One tax loophole is keeping animals or insects on the property so that is is eligible for farm exemptions. This seems to be what Donald Trump is doing at his Bedminster Golf Course as the land is home to 8 goats.
The President has often bragged about his ability to navigate United States tax law. During his 2016 campaign, Trump often argued that his experience with the IRS made his an ideal candidate. He tweeted in October of 2016, “I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them.”
The appearance of goats on the golf course was first noted by the Wall St. Journal back in 2016. The paper wrote, “Because the properties have a goat herd, as well as hay farming and woodcutting, New Jersey law permits them to receive a farmland tax break. Therefore, Trump pays reduced property taxes on the parts of his golf courses dedicated to farming.”
The tax break is significant for the President. According to a analysis from the Huffington Post, “Trump National Golf Club Bedminster shows that Trump is paying $88,067 less in property taxes in 2019 than he would have had those acres been taxed at the average rate of the land in the remainder of the golf resort.”
Robert Weisman of Public Citizen says, “Looks like Trump is fleecing taxpayers yet again. What’s now become very clear is that a very substantial portion of the Trump fortune is due to tax evasion, including his evasion of taxes on his daddy’s wealth.”
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Todd Neikirk is a New Jersey-based politics and technology writer. His work has been featured in psfk.com, foxsports.com, and PoliticusUSA. An avid pet lover, he has been known to contribute to Pet Lifestyles Magazine. He enjoys sports, politics, technology, and spending time at the shore with his family.