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Opinion | This Is How You Know Trump Smells Victory
  + stars: | 2024-07-11 | by ( Frank Bruni | ) www.nytimes.com   time to read: +1 min
I’m used to Donald Trump being painfully loud, proudly obnoxious and, well, sort of bonkers. I’m used to alligators-on-the-border Trump, sharks-in-the-water Trump, Hannibal Lecter Trump. And this loosely hinged version of Trump scares me much, much more than the utterly unhinged one. He smells victory in November in a way he’s never really smelled it before, and his nose isn’t off. What they did with the platform, just before next week’s Republican National Convention, was soften its anti-abortion stance and tone down the homophobia.
Persons: I’m, Donald Trump, Trump, Hannibal Lecter Trump, pummel Biden, Yoo Organizations: Republican Party, Trump, Democratic Party, Republican National Convention Locations: America
A plan to build a casino over a sprawling rail yard on Manhattan’s Far West Side has a new, formidable opponent: parkgoers. Friends of the High Line, an influential nonprofit that operates the nearby 1.5-mile rail-line-turned-park, said Wednesday that it will muster supporters to attempt to thwart the development plan. The opponents of the casino proposal said the development would block views of the city from the High Line and create gusty winds and cast long shadows that could hurt local businesses. The proposal, submitted in February, would also create a 1,180-foot apartment tower, a 1,376-foot office building, a public school and day care. The development, in Hudson Yards, is being led by Related Companies, which built the eastern half of the site, and Wynn Resorts, a Las Vegas gambling giant.
Organizations: Related Companies, Wynn Resorts Locations: Hudson Yards, Las Vegas
Transplants of the so-called voice box are extremely rare, and normally aren’t an option for people with active cancer. “People need to keep their voice,” Kedian, 59, told The Associated Press four months after his transplant – still hoarse but able to keep up an hourlong conversation. Dr. Michael Hinni, center left, Dr. Payam Entezami, center, and Dr. David Lott, center right, operate on transplant patient Marty Kedian in Phoenix in February. But Belafsky said there’s “still a shot” for larynx transplants to become more common while cautioning it likely will take years more research. Mayo Clinic via APKedian was diagnosed with a rare laryngeal cartilage cancer about a decade ago.
Persons: Marty Kedian, , ” Kedian, , , David Lott, Mayo’s, Michael Hinni, Payam, haven’t, ” Lott, Mayo, Marshall Strome, Peter Belafsky, UC Davis, Belafsky, there’s “, Girish Mour, AP Kedian, wouldn’t, Gina, Lott, Dr, Sanjay Gupta, Kedian, he’d, Charlotte Organizations: Washington AP, U.S, Surgeons, Mayo Clinic, Associated Press, Cleveland Clinic, University of California, American Cancer Society, UC, AP, Mayo, CNN, CNN Health Locations: Massachusetts, Arizona, Phoenix, Mayo, U.S, Davis, Cleveland, Haverhill , Massachusetts, Boston
CNN —President Joe Biden saw a neurologist at the White House in January as part of his annual physical, White House press secretary Karine Jean-Pierre said in a new statement Tuesday evening, correcting her comment from earlier in the day that the specialist’s visit earlier this year had not been related to the president. “It was one of the three times the President has seen Dr. Cannard, each time for his physical. The findings from each exam have been released to the public.”Jean-Pierre had been asked in Tuesday’s White House press briefing whether neurologist Dr. Kevin Cannard’s meeting with the president’s physician, Dr. Kevin O’Connor, on January 17 was “related to care for the president himself.” (CNN previously confirmed via White House visitors’ logs that the two men had met in January at the White House.) Cannard was listed on the White House visitors logs multiple times over the past year, but only once – in January – shown to have met with O’Connor. The reason for that particular visit had been a focus of multiple questions in Monday’s White House press briefing.
Persons: Joe Biden, Karine Jean, Pierre, O’Connor, Cannard, ” Jean, Pierre said, Kevin Cannard’s, Kevin O’Connor, , Jean, , Pierre’s, Biden Organizations: CNN, White, , White House Locations: White, Jean
While lawmakers have a growing interest in taxing the ultra-rich, last week's Supreme Court ruling could threaten future wealth tax proposals, experts say. In Moore v. United States, the Supreme Court blocked a challenge to the "mandatory repatriation tax," a one-time levy on certain foreign investments enacted in 2017. More from Personal Finance:Supreme Court rejects challenge to tax on foreign investments — but avoids wealth tax debate55-year-olds are 'critically underprepared' for retirement, survey findsHere's where U.S. rents are rising — and falling — the fastestMany tax experts watched the Moore case to gauge Congress' authority to tax unrealized earnings, which could have an impact on wealth tax proposals. But the Supreme Court didn't comment directly on the issue. Still, the 83-page ruling scattered some clues about whether certain versions of a wealth tax could pass constitutional muster, experts say.
Persons: Moore, Moores, Brett Kavanaugh Organizations: Finance Locations: United States, U.S
Who Won the Debate? Biden Stumbles Left Trump on Top
  + stars: | 2024-06-27 | by ( Alan Rappeport | ) www.nytimes.com   time to read: +1 min
In the first presidential debate of the year between the leading Democratic and Republican candidates, President Biden and former President Donald J. Trump clashed on inflation, taxes, Ukraine and the future of democracy. A halting performance from Mr. Biden and a relatively steady and measured delivery by Mr. Trump left Democrats deeply concerned about Mr. Biden’s prospects. On cable news and social media, strategists from both parties wondered if Mr. Biden could continue in the race against Mr. Trump. “It was a really disappointing debate performance from Joe Biden. His biggest issue was to prove to the American people that he had the energy, the stamina — and he didn’t do that,” Kate Bedingfield, Mr. Biden’s former White House communications director, said on CNN.
Persons: Biden, Donald J, Trump, Mr, Joe Biden, ” Kate Bedingfield, Biden’s Organizations: Democratic, Republican, Mr, White House, CNN Locations: Ukraine
Instead, they influenced the rapid buildup of a kind of shadow White House policymaking apparatus spearheaded by former Trump administration officials. The groups aren’t officially affiliated with Trump’s campaign and have at times gotten crosswise with Trump’s political advisers. Several of the outside groups designed to advance Trump’s policy goals are doubling as a clearinghouse for potential second-term job candidates. Their operations are led by former Trump White House aides who were instrumental in efforts to weed out officials who disagreed with Trump toward the end of his first term. The group he left quickly hired another former senior Trump White House personnel official to replace him.
Persons: Donald Trump, , , Trump, He’s, Trump’s, they’ve, Joe Biden isn’t, Hillary Clinton, Alberto Mier, doles, Utah Sen, Mitt Romney, Jeff Flake, Pat Toomey, Bob Corker, Lamar Alexander, Roy Blunt, Rob Portman, Arizona Sen, John McCain, Paul Ryan, Mitch McConnell, Ryan, McConnell, Roe, Wade, Don McGahn, Steve Vladeck, , It’s, Susie Wiles, Chris LaCivita, ” Trump, ” Troup, ” “, ” Hemenway, John McEntee Organizations: CNN, Republican, Republicans, Trump, Getty, Capitol, Ten, GOP, Arizona, Kentucky Republican, White, Georgetown University, America, Institute, Center, White House, Conservative, Trump White House, Republican Party Locations: Iowa, Washington, New York, Kentucky, America, Milwaukee, Gaza
Supreme Court upholds domestic violence gun restriction
  + stars: | 2024-06-21 | by ( Lawrence Hurley | ) www.cnbc.com   time to read: +4 min
Activists rally outside the U.S. Supreme Court before the start of oral arguments in the United States v. Rahimi second amendement case in Washington on Tuesday, November 7, 2023. The Supreme Court on Friday upheld a federal law that prohibits people subjected to domestic violence restraining orders from having firearms, taking a step back from its recent endorsement of a broad right to possess a gun. The court on an 8-1 vote ruled in favor of the Biden administration, which was defending the law — one of several federal gun restrictions currently facing legal challenges. He argued that he cannot be prosecuted under the federal gun possession restriction in light of what the Supreme Court concluded. But the case before the justices concerns his separate prosecution by the Justice Department for violating the federal gun possession law.
Persons: Biden, John Roberts, Clarence Thomas, Hunter Biden, Joe Biden's, Ketanji Brown Jackson, Joe Biden, Zackey, Rahimi's, Rahimi Organizations: U.S, Supreme, New York State, Justice Department, Circuit, Appeals Locations: United States, Washington, Texas, Arlington , Texas, New Orleans
And what everyone sort of expected to happen seems to be roughly what’s happening, which is that the populist right has consolidated a lot of support. So that’s sort of three-dimensional chess of one sort. That gets at the definition of populism, right? michelle cottleYeah, so but that kind of then lends itself to a backlash when you feel like things aren’t going right. carlos lozadaWell, I mean —ross douthatI think that’s all sincere.
Persons: lydia polgreen Ross, carlos lozada, lydia polgreen, michelle cottle, carlos lozada That’s, lydia polgreen That’s, Lydia Polgreen, michelle cottle I’m Michelle Cottle, ross douthat I’m Ross Douthat, carlos lozada I’m Carlos Lozada, We’ve, Ross, michelle cottle Woo, — ross douthat, lydia polgreen —, I’m, ross, — michelle cottle, ross douthat —, ross douthat, Emmanuel Macron, Macron, Silvio Berlusconi, Giorgia, Meloni, Brexit, It’s, populists, , Lozada, it’s, don’t, we’ll, that’s, we’ve, JD Vance, He’s, — carlos lozada, polgreen, Trumpist, who’s, Vance, we’re, Trump, — michelle cottle Woo, carlos lozada —, , decries, — ross, won’t, carlos lozada Well, carlos lozada Don’t, Don’t, it’s — michelle cottle, I’ve, Trumpism, Donald Trump, michelle cottle Huey Long, Carlos, William Jennings Bryan, Michelle, Huey Long, George Wallace, Ross Perot, Pat Buchanan, Bernie Sanders, you’ve, Charles Coughlin, Richard Nixon, Ronald Reagan, Biden, unquote, nobody’s, he’s, JD Vance don’t, Robert Penn, Warren, Long, lydia polgreen Wow, ross douthat — Carlos Lozada, George Packer, lydia polgreen Go, carlos lozada Oh, that’s — carlos lozada —, lydia polgreen We’ll, carlos lozada It’s, lydia polgreen It’s Organizations: “ New York, Trump, Tories, National Health Service, Republican, Social Security, Republican Party, Chamber of Commerce, “ Times, Aspen Ideas, Nebraska Democrat, Tea Party, Occupy, Belt, Star Locations: , Europe, France, United States, Italy, United Kingdom, South, British, Ohio, Middletown , Ohio, America, Sun Valley, Middletown, Louisiana, Alabama, China, Connecticut, Belt America, Florida , Texas, California, American, Texas, Mexico, Arizona
Opinion | Here’s Why Ukraine Should Seek Peace
  + stars: | 2024-06-14 | by ( A. Walter Dorn | ) www.nytimes.com   time to read: +1 min
Sooner or later, both sides will have to agree to a cease-fire and come up with a peace agreement. Many in the West argue that making concessions to Russia for a peace agreement would amount to appeasing an aggressor and only encourage further attacks. Ending the war will allow Ukraine to rearm and integrate further into Europe and the West, actually increasing deterrence. The peace conference in Switzerland this weekend, convened by Ukraine to muster diplomatic support for its cause, can provide a much needed opportunity to examine whether an accord is reasonable and achievable. Russia has expressed willingness to negotiate, though it has not been invited to the conference because Ukraine suspects that Russia will just use the meeting for show.
Organizations: Ukraine Locations: Ukraine, Russia, rearm, Europe, Switzerland
Related VideoIn his opening statement at the trial, Biden's lawyer Abbe Lowell urged jurors in the Wilmington, Delaware, federal court to acquit his client. "They know how to put on a tight gun case." Biden's trial was not necessarily a lost cause. Hunter Biden's lawyers have argued this arrangement has perversely allowed Weiss to politicize the proceedings unchecked. This story was updated following the jury verdict in Hunter Biden's gun trial.
Persons: , Hunter Biden, Biden, Abbe Lowell, Prosecutors, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sen, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter Biden's, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Trump, Justice, Republicans, Biden's, US, BI, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas
"They know how to put on a tight gun case." Biden's trial is not necessarily a lost cause. This arrangement has perversely allowed Weiss to politicize the proceedings unchecked, Hunter Biden's lawyers argued. There's no evidence that Biden even loaded or used the gun before his brother's widow, Hallie Biden, threw it out. "Obviously, the conduct that the government ought to be addressing is whether somebody is on drugs and high while they're shooting a gun," Levin said.
Persons: , Hunter Biden, Abbe Lowell, Prosecutors, Biden, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sens, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Hunter Biden's, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani, there's Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Republicans, US Justice Department, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas
An article in the school's student paper that included Coughlin's purported remarks. Coughlin, first elected student body president in 1989, had the power to appoint a new senator. That led another student senator to accuse Coughlin of discriminating against the student on the basis of his sexuality, at which point the student paper quoted Coughlin in February as saying he was "homophobic." In the guest column he wrote two weeks later, Coughlin sought to straighten things out, saying he had appoint another student because of his previous service in student government. The future state lawmaker would go on to lose reelection as student body president that spring, owing in part to the controversy.
Persons: , Kevin Coughlin, Emilia Sykes, Coughlin, shirk, Coughlin's, they're, it's, Cierra Shehorn Organizations: Service, Republican, Democratic Rep, Ohio Senate, Ohio House, Bowling Green State University, Business, BG, Gay Alliance Locations: Ohio
Today's cars have an unprecedented capacity to surveil people inside and around them, and it's raising alarms with privacy advocates. A growing chorus of advocates and politicians say automakers aren't doing enough to protect consumer data from companies, criminals or even the government itself. "Our cars aren't a means of independence and privacy anymore," said Jen Caltrider, director of the Mozilla Foundation's Privacy Not Included program, in an interview with CNBC. GM, Nissan, Stellantis and BMW responded with statements saying they take customer privacy and data protection very seriously and comply with all applicable laws. In late April, two senators asked the Federal Trade Commission to investigate automakers for allegedly deceiving customers about the companies' data management practices.
Persons: Jen Caltrider, Caltrider, Nissan Organizations: General Motors, LexisNexis, GM, CNBC, Solutions, Mozilla Foundation, Mozilla, Nissan, BMW, Alliance, Automotive Innovation, Pew Research, Federal Trade Commission Locations: Florida
CNN —Haiti’s Transitional Presidential Council has tapped former Prime Minister Garry Conille to return to the position during the government’s transition period, council president Edgard Leblanc Fils said Tuesday. Conille briefly served as prime minister from 2011 to 2012 during the presidency of Michel Martelly. His appointment is a key step in the reconstruction of Haiti’s government, following the ouster of former Prime Minister Ariel Henry earlier this year. The new prime minister and the nine-member council must also select a cabinet and eventually lead Haiti to new elections. That foreign mission, led by Kenya, is now expected to arrive sometime in June.
Persons: Garry Conille, Edgard Leblanc Fils, Conille, Leblanc Fils, Michel Martelly, Ariel Henry, Henry Organizations: CNN, UNICEF, Caribbean, CARICOM Locations: America, Haiti, Kenya, Port
Several investors released a joint letter this month urging fellow shareholders to vote down the package as excessive. Tesla shareholders approved the pay package in 2018, with compensation tied to Tesla's performance including its market value. And he still has time to meet goals he hasn't reached, including on revenue, because the pay package had a 10-year term. In the 440-page proxy statement explaining the vote, a committee of the Tesla board noted the "novel circumstances." Some people began sharing screenshots of their votes in April, shortly after the Tesla board announced the vote, and the deadline to vote online is June 12.
Persons: Elon Musk, The Beverly Hilton, Tesla, James Park, Musk, He's, Judge Kathaleen McCormick, McCormick, Nadya Malenko, hasn't, Ann Lipton, Lipton, — I'm, Musk's, there's, , Rowe Price, didn't, Brad Lander Organizations: SpaceX, Tesla, The Beverly, Wall Street, University of California, CNBC, Bloomberg, Reuters, Boston College's, Tulane University, Disney, New York, Amalgamated Bank . Locations: Beverly Hills , California, U.S, Delaware, Austin , Texas, , Los Angeles, Texas, New York City
A one-man startup believes it has an answer to U.S. government concerns over the Chinese-made drones that dominate commercial sales in the American market. Anzu Robotics’s chief executive and founding partners are all American, and the company’s headquarters is in Texas. The company’s drones, which are expected to be used by law enforcement agencies, utilities, architects and others, are assembled in Malaysia, and they run on servers sitting in Virginia. There’s just one problem: Anzu has multiple close ties to China and to DJI, the Shenzhen-based firm being targeted by legislative and regulatory efforts to curb sales of Chinese drones in the United States. Anzu licensed the design for its drones from DJI, which receives a payment for every drone that Anzu orders from its manufacturer in Malaysia.
Persons: Anzu, There’s Locations: Texas, Malaysia, Virginia, China, DJI, Shenzhen, United States
4 Alexander Zverev in the opening round of what is set to be the final French Open of his career. While Nadal has beaten Zverev seven times in their previous 10 meetings, the German is one of the favorites to lift the title. The fourth seed arrives at Roland Garros full of confidence after winning the Italian Open last week, his ninth Masters 1000 title. The two last met in an intense 2022 French Open semifinal where Zverev retired mid-match following an ankle injury that sidelined him for the rest of the year. The 22-time grand slam champion even admitted after his heavy second-round defeat to Hubert Hurkacz at the Italian Open earlier this month that he wasn’t sure if would be able to play at the French Open.
Persons: CNN — Rafael Nadal, Alexander Zverev, Roland Garros, Nadal, Zverev, Spaniard, Hubert Hurkacz, Novak, Tomas Machac, Stanislas Wawarinka, Andy Murray Organizations: CNN, Nadal, Madrid
Follow live coverage of the first day of the French Open 2024 today and game-by-game coverage of Stan Wawrinka vs Andy MurrayOnce upon a time, there was a tennis tournament called the French Open. When it was over, the greatest clay-court player of all time learned that he would have to play a rematch of the 2022 French Open semi-final, where Zverev tore ligaments in his ankle after pushing Nadal to his limits. They’re French Open finalists the past three years, and two of the best clay-court players in the world. She has won three of the past four French Open titles, and has become nearly unbeatable on clay. Ostapenko won the French Open in 2017 (Julien de Rosa/AFP via Getty Images)Ostapenko has beaten Swiatek all four times they have played, and won this tournament in 2017.
Persons: Stan Wawrinka, Andy Murray, Andres Gomez, Carlos Moya, Thomas Muster, Yevgeny Kafelnikov, Gaston Gaudio, Rafael Nadal, Nadal, Alexander Zverev, David Ramos, Novak Djokovic, Zverev, Rafael Nadal's, It’s, Carlos Alcaraz, Monte, Andrey Rublev, JJ Wolf, Next, hasn’t, Julian Finney, Pierre Hugues, Herbert, Luca Nardi, Alejandro Tabilo, Tomas Machac, Roland Garros, Chris Eubanks, there’s, Casper Ruud, They’re, Tsitsipas, Marton Fucsovics, Ruud, Jakub Mensik, Felipe Meligeni Alves, Nicolas Jarry, . Jarry, Corentin Moutet, Tabilo, Men’s, Ra, s 🇨🇿 Toma, Macha, Ben Shelto, 🇬 🇧Dan Evans, She has, Elen, Leo l ia Je, ike Nosk, ina, Ry, aki, Sara S orri, 🇰🇿 Yulia Putin, Cornet 🇷🇴 Sor, lina (15) Organizations: Nadal, Getty, Monte, adal Locations: German, Berlin, Monte Carlo, Barcelona, Rome, Madrid, Geneva, Italy, Chile, Czech, Ost
CNN —American golfer Xander Schauffele won the 106th PGA Championship on Sunday, holding off compatriot Bryson DeChambeau in a nail-biting finale to clinch a long-awaited first major title. A final round six-under 65 was just enough to clinch a maiden major title for Schauffele, shredding his unwanted title as one of the most talented golfers to never win one of golf’s four flagship events. Andrew Redington/Getty ImagesDeChambeau laments his ‘B’ gameA fired up DeChambeau played a near-perfect round to push Schauffele to the death, shooting a bogey-free 64 as he hunted a second major crown. 1 and tournament favorite Scottie Scheffler before Friday’s second round. Scheffler escapes a bunker during the final round.
Persons: Xander Schauffele, Bryson DeChambeau, LIV Golf’s DeChambeau, Schauffele, Wanamaker, “ It’s, I’ve, , ” “, , Andrew Redington, DeChambeau, Xander, ” DeChambeau, , Norway’s Viktor Hovland, Collin Morikawa, bogeying, Belgium’s Thomas Detry, Scottie Scheffler, Scheffler, Adam Cairns, Reuters “ I’m, ” Scheffler, Schauffele’s bogeyless, Hovland, lasering, , birdies, Scott Taetsch, LIV Organizations: CNN, 106th, Valhalla Golf Club, Masters, Reuters, PGA, Pinehurst, Country Club, America Locations: American, Louisville , Kentucky, Lousville, USA, Texas, North Carolina, Valhalla, Hovland
If you'd told me 10 years ago I'd feel ashamed of losing weight, I wouldn't have believed you. I've been on a roller coaster of body shame and acceptance since I was 12, which, at times, led to bouts of disordered eating. My primary doctor suggested I try a medical weight loss program, which involves seeing a nutritionist and weight loss doctor monthly, as well as prescription weight loss drugs. I've been scared because of the hurtful commentary and speculation I see online about others losing weight by taking medication. However, I am conscience-stricken for taking weight loss medicine when all I am trying to do is improve my health.
Persons: you'd, I've, I'd, I'm
My birthday always falls around Mother's Day, and this year it's the same day. Mother's Day. AdvertisementThis is the first year Mother's Day has fallen on my birthday since I became a mom a decade ago. While I paused, he added, "It's Mother's Day, too," and I fought the urge to roll my eyes. There's pressure to have the perfect birthday, just like there's pressure to have the perfect Mother's Day.
Persons: I'm, , isn't, we've, He's, who's, I've Organizations: Service, Mother's, Hallmark
CNN —When a Manhattan jury found movie mogul Harvey Weinstein guilty of sex crimes in 2020, the verdict seemed to herald a new era of accountability. I was not shocked by the reversal, nor do I view this as the demise of sex crimes prosecution. New York's highest court overturned his sex crimes conviction last week. Another important innovation is the use of sex crimes experts to educate the jury — and in high-profile cases, the public. Join us on Twitter and FacebookIn this post-#MeToo age of sex crimes prosecution, I have described sex crimes experts as a needed if partial corrective to the credibility discount.
Persons: Deborah Tuerkheimer, Harvey Weinstein, Deborah Tuerkheimer Eileen Molony, Weinstein, I’m, “ untruthful, Seth Wenig, , Weinstein hadn’t, Barbara Ziv, Ziv, ” Ziv Organizations: Northwestern University’s Pritzker School of Law, CNN, New, American Law Institute, of, Twitter, Facebook Locations: Manhattan, New York, California
CNN —A federal judge on Thursday upheld the verdict and award in E. Jean Carroll’s defamation case against former President Donald Trump and denied Trump’s motion for a new trial. Judge Lewis Kaplan, in a written opinion, said Trump’s legal arguments are without merit. The judge also found that the punitive damages the jury awarded to Carroll “passes constitutional muster.”Trump is also separately appealing the verdict. This is a breaking story and will be updated.
Persons: Jean Carroll’s, Donald Trump, Lewis Kaplan, Carroll “, ” Trump Organizations: CNN
The richest 0.1% of Americans own $1.8 trillion in real estate, according to the Federal Reserve. Currently, individuals and married couples can gift or bequeath $13.61 million and $27.22 million, respectively, before a 40% federal estate tax kicks in. Here are nine little-known techniques that wealthy real estate owners use to pay less to Uncle Sam:Qualified personal residence trusts, better known as "QPRTs," effectively freeze the value of a real estate property for tax purposes. With an FLP, an individual — often a parent or two parents — pools their business assets, commonly real estate or stocks. The heirs don't own the trust assets, but rather have lifetime rights to the trust's income and real estate.
Persons: Uncle Sam, Trump, Sam Walton, Wrigley, Jeff Bezos, Rich, Ron Wyden, PPLI, Jackie O, I've, Edward Renn, remarries Organizations: Federal, Business, Walmart, Biden, Blackstone, Lombard, Taxpayers, IRS Locations: Trump, Florida, Wyoming, Plenty
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