Trump Rang In Birthday by Inflating Golf Club Value by $42 Million

[Polishprince]

The reason why this story is Bullshit is that tax assessment values are based on comparisons.

Without knowing the assessed value of other golf properties in Westchester County, its impossible to know if Trump's property is assessed fairly or not. The idea of assessment is for all of the property values in a jurisdiction to be equitable.

Since the story doesn't mention the assessments assigned to the other properties, the story seems to be just a cheap attack on the Trumpster.

 

[Toddsterpatriot]

Look what he's done to this little NY town.

What did he do to it? Post some pics.

 

[Toddsterpatriot]

For example, in 2016, the company challenged the town’s assessed value of $15.1 million, arguing that the real value was actually $7.5 million.

What's the real value? How do you know?

 

[JLW]

I think Trump is among the sleaziest SOBs out there, but on this property tax issue, I have my doubts as to whether it is a crime to undervalue your property for ad valorem tax purposes. All appraisals are just opinion of values after all. The County is not obligated to take Trump's valuation as true. The County could make its own determination and Trump could appeal.

As far as Trump using different valuations, I am not sure that rises to anything criminal. For instance, a property owner may tell the County assessor's office his property has flaws and should be assessed lower because of its condition. Of course if a week later, the same property owner learns that the government will be using eminent domain to take his property, he will argue he owns Versailles.

The property owner may have some explaining to do, but it is not criminal.

 

[CrusaderFrank]

There are far more details to this story.. IMO the fraud is deliberate. I'll post a second source.

Usa today news

Usa today news - current local and national, world news, business, politics, sports, entertainment, finance, technology, science, and photos, videos ...

usa-today-news.com

NEWS
Trump Rang In Birthday by Inflating Golf Club Value by $42 Million
Usatodaynews December 15, 20210
Photo Illustration by Thomas Levinson/The Daily Beast/Getty

A small town north of New York City is now openly confirming it has received subpoenas for two separate investigations into the Trump National Golf Club Westchester, where the Trump family has aggressively fought to lower its tax bill—while claiming a vastly inflated value elsewhere.

Since 2016, the town has valued the golf club at roughly $15 million. And every year, the Trump family business has tried to knock down the value drastically. And yet, on White House financial disclosures, then-President Donald Trump declared the golf club was worth more than $50 million.

“At least one of them is false,” said John Moscow, a renowned former prosecutor who spent 33 years at the Manhattan District Attorney’s Office. “This is a relatively clean way to prove these people lie to evade taxes and push the tax burden on honest taxpayers.”

at The Daily Beast.

…read more

Source:: The Daily Beast

 

[mudwhistle]

"Accuse her of a crime?" You mean make one up right? The Left doesn't play your game.

 

[mudwhistle]

I think Trump is among the sleaziest SOBs out there, but on this property tax issue, I have my doubts as to whether it is a crime to undervalue your property for ad valorem tax purposes. All appraisals are just opinion of values after all. The County is not obligated to take Trump's valuation as true. The County could make its determination and Trump could appeal.

As far as Trump using different valuations, I am not sure that rises to anything criminal. For instance, a property owner may tell the County assessor's office his property has flaws and should be assessed lower because of its condition. Of course if a week later, the same property owner learns that the government will be using eminent domain to take his property, he will argue he owns Versailles.

The property owner may have some explaining to do, but it is not criminal.

You can sell your property for whatever you want.
The only possible impediment seems to be when buying on credit.
But you can buy a property for less than it's appraised value....
If you're trying to get a loan, the bank will only give you up to a set amount rarely loaning you 100% of the value of the property.

 

[EvilCat Breath]

The constant lawsuits against Trump is just political harassment by political hacks. That's why they aren't having their desired effect. The effect they are having instead is a hardening of positions.

 

[marvin martian]

There are far more details to this story.. IMO the fraud is deliberate. I'll post a second source.

Usa today news

Usa today news - current local and national, world news, business, politics, sports, entertainment, finance, technology, science, and photos, videos ...

usa-today-news.com

NEWS
Trump Rang In Birthday by Inflating Golf Club Value by $42 Million
Usatodaynews December 15, 20210
Photo Illustration by Thomas Levinson/The Daily Beast/Getty

A small town north of New York City is now openly confirming it has received subpoenas for two separate investigations into the Trump National Golf Club Westchester, where the Trump family has aggressively fought to lower its tax bill—while claiming a vastly inflated value elsewhere.

Since 2016, the town has valued the golf club at roughly $15 million. And every year, the Trump family business has tried to knock down the value drastically. And yet, on White House financial disclosures, then-President Donald Trump declared the golf club was worth more than $50 million.

“At least one of them is false,” said John Moscow, a renowned former prosecutor who spent 33 years at the Manhattan District Attorney’s Office. “This is a relatively clean way to prove these people lie to evade taxes and push the tax burden on honest taxpayers.”

at The Daily Beast.

…read more

Source:: The Daily Beast

 

[EvilCat Breath]

I definitely do believe it is a scam in how it was run. Ive no doubt the chinese and the american traitor Fauci and his allies created this virus. I believe it MAY have been accidentally released before it was 'ready'. I knew at week four we were being played.

Now the door is opened and can't be shut. "THEY" know just how willing you are to be governed harder. They know you will obey. These traitors will continue to work on plans to depopulate this planet...especially these unruly freedom loving caucasians.

Shitstain obama PAID for this virus.

 

[BWK]

The constant lawsuits against Trump is just political harassment by political hacks. That's why they aren't having their desired effect. The effect they are having instead is a hardening of positions.

No? I haven't seen too many he's won lately, have you?

 

[BWK]

Shitstain obama PAID for this virus.

Provide the documented proof.

 

[BWK]

View attachment 576076

So is this;

 

[EvilCat Breath]

Provide the documented proof.

3.7 million dollars.

US funder ends coronavirus research with Wuhan lab amid political pressure

National Institutes of Health cancels joint grant with Wuhan Institute of Virology

www.chemistryworld.com

Trump ended it.

 

[BWK]

You can sell your property for whatever you want.
The only possible impediment seems to be when buying on credit.
But you can buy a property for less than it's appraised value....
If you're trying to get a loan, the bank will only give you up to a set amount rarely loaning you 100% of the value of the property.

When you inflate or deflate your assets to your advantage when it comes to paying taxes, that's a crime. That's what Trump did.

 

[BWK]

3.7 million dollars.

US funder ends coronavirus research with Wuhan lab amid political pressure

National Institutes of Health cancels joint grant with Wuhan Institute of Virology

www.chemistryworld.com

Trump ended it.

You just lied as we knew you would. Obama paid for research. He didn't pay for the virus. You are a pathetic liar as always.

Do you have any self respect? All you do is show up to lie. It must suck being a liar like you.

 

[mudwhistle]

When you inflate or deflate your assets to your advantage when it comes to paying taxes, that's a crime. That's what Trump did.

Since when have we been taxed on our property other than local property taxes?
You cannot decide how much your property is worth....the city or county decides that.

 

[mudwhistle]

You just lied as we knew you would. Obama paid for research. He didn't pay for the virus. You are a pathetic liar as always.

Do you have any self respect? All you do is show up to lie. It must suck being a liar like you.

Dumb...dumb...dumb....Obama used taxes to pay for the research in hopes that it would result in a virus they could use to establish their socialist agenda.

Obama would call creating a deadly virus that only kills sick people 'An Investment For Our Future'.

 

[EvilCat Breath]

You just lied as we knew you would. Obama paid for research. He didn't pay for the virus. You are a pathetic liar as always.

Do you have any self respect? All you do is show up to lie. It must suck being a liar like you.

You cannot hide from communist democrats working with the Chinese to create this virus and then use this virus for its own ends.

Communist democrats are at war with Americans. Political persecution is just part of it.

 

[mudwhistle]

I sure hope so.. Trump has cheated a lot of people over the years.

Meanwhile Bidenflation and Bidentaxes and Build Back Broke is draining millions of retired American's nesteggs.