Monday, August 01, 2022

How to live tax-free

 It seems that in New Jersey, all it takes to be free of property, income, and sales tax is to bury somebody on your land.

New Jersey tax code provides a “cemetery” with a “trifecta of tax avoidance,” with breaks for property, income and sales taxes, Brooke Harrington, a Dartmouth sociology professor and self-described tax researcher, wrote on Twitter. The state requires no minimum number of graves to qualify as a cemetery, she added.

The cemetery business idea has been kicking around for a while in the Trump family.

Tax documents from the Trump Family Trust, published by ProPublica, show the trust sought in 2014 to designate a property in Hackettstown, New Jersey, about 20 miles from the Bedminster golf course, as a nonprofit cemetery company.

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