This must be why Trump is still refusing to release his tax returns.
Recently it has just been discovered that Trump, in an effort to show the world how rich he is, valued one of his properties at “more than $50 million,” yet his attorneys, for tax purposes, tried to argue that it is really only worth $1.35 million. The property in question, The Trump National Golf Club in Westchester County, New York, is a sprawling 147-acre private club with manicured lawns, stone bridges, and has a 101-foot waterfall.
If Trump’s attorneys are legitimately trying to value the property correctly, then that means Trump lied on his candidate disclosure form.
But, here’s the thing: chances are what’s really happening is that Trump is drastically undervaluing the property in order to not pay his fair share of taxes on the property. Either way, he’s lying.
Here’s what we know: Trump bought the property for $8 million in a foreclosure sale and then immediately spent $45 million to build an 18-hole golf course, as well as a 75,000-square-foot clubhouse. Those improvements are quite substantial. That begs the question then, how on earth would Trump’s tax assessment decrease from the purchase price even with all of those upgrades?
That’s exactly what the town of Ossining is trying to figure out. Dana Levenberg, the town supervisor, says this is hurting their town’s revenues.
a link.
a link.
"Have a good time everybody!" Trump says as he tours a Houston shelter that is housing people who have lost houses, cars, livelihoods, etc...
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