According to the New York Department of Finance, The program Trump qualified for, the New York State School Tax Relief Program (STAR), offered him a $302 annual benefit for his Trump Tower property-tax bill, reports thehill.com.
While Trump's precise net worth is unknown, the STAR benefit indicates it would be below $500,000. However, his annual property-tax bill is $175,544. If that is correct, it means the candidate puts a large share of his income toward taxes.
An employee at the Marcum accounting firm stated that there are a number of legal ways a real-estate investor can lower the amount of reported income.
"A person like Trump has options for reporting income that most people don't have," Perry said.
Trump released a June 2015 financial statement stating his net worth was $8.7 billion. A month later, a press release from his campaign office stated his net worth "in excess of ten billion dollars."
