Donald Trump Wants to Avoid D.C. Taxes
Insatiable media hog Donald Trump is no fan of high taxes in public policy, and he's sticking to that position in his business life. The Washington Business Journal reports that Trump's organization has been trying to wriggle out of paying District taxes on its Old Post Office hotel development.
Since the Old Post Office is a federal property, Trump doesn't have to pay property taxes to D.C. But he's not exempt from the possessory interest tax, established in 2000 to tax companies operating on federal land. The Old Post Office's tax bill could start at $3 million a year, according to the Business Journal.
Two Trump employees, hilariously described in the story as "Trump operatives," have been trying to get unspecified "relief" on the tax from the city. So far, the District has refused.
If Trump does score a break, that likely won't be popular with Union Station's managers, who just agreed to pay $7.5 million of their own possessory interest tax bill.