TrueBlue
05-17-2016, 12:53 PM
The Only Time Donald Trump Undersells: Tax Time
By Matthew Mosk, Brian Ross and Randy Kreider
http://abcnews.go.com/Politics/time-donald-trump-undersells-tax-time/story?id=39133709
"Creating such a “memorable club” is not cheap: Trump wrote on a candidate disclosure form that the sprawling 147-acre private club bearing his name is worth “more than $50 million.”
"But when it came time to value the property for tax purposes, his lawyers have argued that Trump National is really worth only $1.35 million. The proposed valuation has bewildered officials in the small town of Ossining, who said the new figure would cut Trump’s tax burden by 90 percent and dump that burden on everyone else."
"In Ossining, town officials said they plan to fight Trump’s claim that the posh private golf club is worth only $1.35 million. They said Trump bought the property for $8 million in a foreclosure sale, spent $45 million to build the 18-hole course and 75,000-square-foot clubhouse and received permits to build six hotel suites on the property, with no increase in his tax assessment. In fact, the town assessor said, the club already received a 55 percent reduction, from $38 million to $16 million, in 2008."
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Thanks to ABC News for this report.
Imho, Trump is falling deeper and deeper into serious questions by Americans for things like these. It's time to fess up and reveal the true worth of his properties and the taxes he pays.
The forum rules will be strictly observed by participants in this thread or non-conforming members will be thread banned.
If You Don't Like What Is Being Discussed In the OP You Can Always Do the Courteous Thing and Just Leave the Thread.
By Matthew Mosk, Brian Ross and Randy Kreider
http://abcnews.go.com/Politics/time-donald-trump-undersells-tax-time/story?id=39133709
"Creating such a “memorable club” is not cheap: Trump wrote on a candidate disclosure form that the sprawling 147-acre private club bearing his name is worth “more than $50 million.”
"But when it came time to value the property for tax purposes, his lawyers have argued that Trump National is really worth only $1.35 million. The proposed valuation has bewildered officials in the small town of Ossining, who said the new figure would cut Trump’s tax burden by 90 percent and dump that burden on everyone else."
"In Ossining, town officials said they plan to fight Trump’s claim that the posh private golf club is worth only $1.35 million. They said Trump bought the property for $8 million in a foreclosure sale, spent $45 million to build the 18-hole course and 75,000-square-foot clubhouse and received permits to build six hotel suites on the property, with no increase in his tax assessment. In fact, the town assessor said, the club already received a 55 percent reduction, from $38 million to $16 million, in 2008."
==================================
Thanks to ABC News for this report.
Imho, Trump is falling deeper and deeper into serious questions by Americans for things like these. It's time to fess up and reveal the true worth of his properties and the taxes he pays.
The forum rules will be strictly observed by participants in this thread or non-conforming members will be thread banned.
If You Don't Like What Is Being Discussed In the OP You Can Always Do the Courteous Thing and Just Leave the Thread.