Rep. Jared Moskowitz calls for Palm Beach County to tax Mar-a-Lago at the rate Trump claims it's worth

[Crepitus]

The entire premise of the case was that Trump defrauded someone because he overvalued his assets. If the state taxes those assets at the value he assigned to them that would no longer be the case. Especially if they backdated it.

Also FL property tax is less than 1%. .98% to be exact. That’s less that 10million in taxes per year.

Apparently hate makes you bad at logic and maths.

Oh, so if I rob a bank and then just give the money back after using it for a while I'll just be off the hook?

 

[Missourian]

Tell me you've never owned a home without telling me you've never owned a home.

 

[Missourian]

Oh, so if I rob a bank and then just give the money back after using it for a while I'll just be off the hook?

Piss poor analogy.

More like if the bank gave you a loan and you paid them back with interest and they were happy and you were happy...yes, you'd be "off the hook".

 

[Marener]

Piss poor analogy.

More like if the bank gave you a loan and you paid them back with interest and they were happy and you were happy...yes, you'd be "off the hook".

Fraud is still fraud even if you don’t wind up stiffing the bank. With accurate information, the bank wouldnt have taken the loan or charged a higher rate. Banks don’t want to take more risk than they know.

 

[Missourian]

Fraud is still fraud even if you don’t wind up stiffing the bank. With accurate information, the bank wouldnt have taken the loan or charged a higher rate. Banks don’t want to take more risk than they know.

Fake news. The bank is required to perform their own due diligence. If they failed in that...that's their fault.

Unfortunately for you, the banks testified for the defense saying they made money, were very happy, and were eager to do business with president Trump again in the future.

Banker Behind Big Loans to Trump's Company Testifies For His Defense

When Deutsche Bank loaned Donald Trump`s company hundreds of millions lawyers of dollars, the bank always followed its own guidelines that include

www.insurancejournal.com

 

[Marener]

Unfortunately for you, the banks testified for the defense saying they made money, were very happy, and were eager to do business with president Trump again in the future.

Funny, they’re nowhere to be found to help Trump with his bond.

Fraud is fraud. Doesn’t matter how the bank feels about it.

 

[Missourian]

Funny, they’re nowhere to be found to help Trump with his bond.

Fraud is fraud. Doesn’t matter how the bank feels about it.

Except there was no fraud.

No fraud is no fraud.

If the bank wasn't defrauded...and they testified they were not...where is the fraud and who is the victim?

 

[Marener]

Except there was no fraud.

No fraud is no fraud.

If the bank wasn't defrauded...and they testified they were not...where is the fraud and who is the victim?

Lying on financial statements is fraud.

 

[Crepitus]

Piss poor analogy.

Nope, that is exactly what you just advocated for.

 

[Dragonlady]

A bank ask you what you THINK your property is worth. You can think whatever you like. You can list your property for whatever you what to list it for. If there is one buyer willing to pay your asking price, then that was the market value. In the case of Trump’s properties, there is much more subjectivism involved because he is a former President and well known person. It is hard to put a firm price on that value because people aren’t just buying the property, they are buying the legacy.

Now I KNOW you were never a property owner or an appraiser, because this is absolute bullshit, even for a personal lenders, and has no application whatsoever in commercial property management or financing.

The value of commercial property is entirely based on actual income, or potential return on investment. Rental properties which are fully tenanted are valued on the basis of the leases, the overall age and condition of the structures, and their potential for re-development. This includes zoning, and any applicable building restrictions.

When a corporation applies for a loan, you have financial statements prepared by licensed accounting firms upon which you base the value of property. You don't ask the company owner how much its worth, because you're only interested in book values, lease values, and redevelopment values. Unique properties like golf clubs or resorts are difficult to ascribe "fair market values" for because there are no real comparables locally and the location of your resort is a big part of the value.

 

[ColonelAngus]

Wouldn't that be a hoot?

Could tRump even pay it at this point?

Rep. Jared Moskowitz calls for Palm Beach County to tax Mar-a-Lago at the rate Trump claims it's worth

Trump has claimed his Florida resort is worth as much as $1.5 billion, but the Palm Beach County property appraiser valued it far lower.

www.nbcnews.com

OP, why dont you pay taxes on the market value of your house and not the current county assessment? Why do you only want Trump to do this?

 

[Marener]

OP, why dont you pay taxes on the market value of your house and not the current county assessment? Why do you only want Trump to do this?

My fair market value is less than 10% more than
my tax assessment.

Trump claims Mar a Lago is worth 2300% more than his tax assessment.

That should tell you that something is very off there.

 

[ColonelAngus]

Except there was no fraud.

No fraud is no fraud.

If the bank wasn't defrauded...and they testified they were not...where is the fraud and who is the victim?

All of your posts are 100% correct. These people are either:

1) Retarded AF
2) Lying
3) brainwashed and in a cult

Sometimes it is all 3.

 

[Fort Fun Indiana]

The entire premise of the case was that Trump defrauded someone because he overvalued his assets. If the state taxes those assets at the value he assigned to them that would no longer be the case.

Wrong. The past fraud doesn't go away, if he stops cheating.

 

[Fort Fun Indiana]

Piss poor analogy.

More like if the bank gave you a loan and you paid them back with interest and they were happy and you were happy...yes, you'd be "off the hook".

Nope, not if you committed a felony by submitting false financial challenges statements.

 

[Missourian]

Lying on financial statements is fraud.

Except no one lied.

 

[Marener]

Except no one lied.

Inflating the value of assets is lying.

 

[bripat9643]

Mara Lago is not a money maker ... it's a money pit. That's why the state of Florida sold it for 5 million.

Says who?

Last March it was valued at 75 million dollars. Trump inflates all his holdings .

By whom?

He's got the money to pay his fines. This morning he said that he had 500 million in cash, but he was going to use it for his campaign.

He may be manic over Truth Social, but that's crazy too.

So what?

 

[Missourian]

My fair market value is less than 10% more than
my tax assessment.

Trump claims Mar a Lago is worth 2300% more than his tax assessment.

That should tell you that something is very off there.

Mar a lago is a business.

 

[Marener]

Mar a lago is a business.

Great.