That don't make sense to me. The owner of property does not give value to city property tax authority.
Where I live I pay taxes for my home and my vehicles every yr. They are the ones that tell me how much it's worth, not me
Tax authorities use information given by property owner to determine tax value.
I'm not a tax attorney or an expert on taxes by any stretch of the imagination, but from my understanding, large real estate developers and those that own commercial property is not the same as a single family house owned by the occupants.
Here's an article I found after a quick search that lays out the issue in fairly plain English.
The Sandlers helped found and are among the largest benefactors of.... the Center for American Progress, a progressive think tank; ProPublica, an investigative reporting newsroom.... In addition, the Sandlers or their foundation support organizations involved in medical research, the environment, human rights, and civil liberties.
I'm not promoting propublica. It was an article explaining NY's claims of tax fraud in regards to President Trump and his properties.
It also gave links to tax assessment papers from Trump's companies, along with loan applications for the same properties. That's exactly what started the entire trial.
You don't have to like or agree with the founder of a company to gain understanding of something going on they're reporting on.
Do you have an approved list of sources for what you will accept information from?
Or, and here's a crazy thought, people can look up how commercial properties in NY are assessed for tax purposes for themselves.
Weird that very few people on an elite research board seem to have the initiative or ability to do such basic searches themselves. 🤷♀️
Herb and his wife Marion also made Time's list of "25 People to Blame for the Financial Crisis". (Subprime mortgage implosion). Here's a little blurb on that.
So I guess Trump's attorneys should have just used the "nuh uh!" defense and just told the judge that's not how his property taxes are determined.
Just curious, how large is the commercial real estate holdings you have in Ny? Because if you own comparable real estate to DJT, then I tip my proverbial hat to you, sir. Or ma'am. Whichever you happen to be.
Do you own multi million dollar commercial real estate, including rental properties?
Or are you basing your comments based on taxes you pay on single family homes you purchased?
Do you think they do tax assessments the same for each?
I'm not pulling this info out of my ass. You can go look up the information yourself on it. NY has websites all about tax codes on property. Have you done that yet? No? Why not?
Or are you basing your comments solely on your personal experience?
No, this is the very reason he's been accused of fraud in relation to his property values.
He gave significantly lower values on his properties to tax authorities than he did to banks to get loans on them.
That's the entire basis of the civil suit in New York.
Have you not been paying attention?
That don't make sense to me. The owner of property does not give value to city property tax authority.
Where I live I pay taxes for my home and my vehicles every yr. They are the ones that tell me how much it's worth, not me
Tax authorities use information given by property owner to determine tax value.
I'm not a tax attorney or an expert on taxes by any stretch of the imagination, but from my understanding, large real estate developers and those that own commercial property is not the same as a single family house owned by the occupants.
Here's an article I found after a quick search that lays out the issue in fairly plain English.
https://www.propublica.org/article/trump-inc-podcast-never-before-seen-trump-tax-documents-show-major-inconsistencies
Founded by Herbert Sandler.
Get the fuck out. 😂
I'm not promoting propublica. It was an article explaining NY's claims of tax fraud in regards to President Trump and his properties.
It also gave links to tax assessment papers from Trump's companies, along with loan applications for the same properties. That's exactly what started the entire trial.
You don't have to like or agree with the founder of a company to gain understanding of something going on they're reporting on.
Do you have an approved list of sources for what you will accept information from?
Or, and here's a crazy thought, people can look up how commercial properties in NY are assessed for tax purposes for themselves.
Weird that very few people on an elite research board seem to have the initiative or ability to do such basic searches themselves. 🤷♀️
Herb and his wife Marion also made Time's list of "25 People to Blame for the Financial Crisis". (Subprime mortgage implosion). Here's a little blurb on that.
https://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877343,00.html
No, they don't. Please come to my home and tell my tax agencies that my property is worth not what they tell me.
So I guess Trump's attorneys should have just used the "nuh uh!" defense and just told the judge that's not how his property taxes are determined.
Just curious, how large is the commercial real estate holdings you have in Ny? Because if you own comparable real estate to DJT, then I tip my proverbial hat to you, sir. Or ma'am. Whichever you happen to be.
Concerning all the downvotes:
You understand you're downvoting factual information just because you don't like it, right?
I'm not the one that came up with tax laws, I'm not the one prosecuting Trump.
I don't even agree with either of those issues.
I'm just pointing out why the OP's post in nonsensical.
I'm pointing out that people obviously aren't paying much attention and look ignorant when they say things like this.
🥾👅
🤡
FITE ME LIBTARD! 🤬
Over what, exactly?
And why do you think only libtards are capable of finding/understanding or interested in basic facts of this case?
I have NEVER as a property owner gave a value to any tax authority. They tell me what my property is worth.
You are a 57 day old account so I guess you are still learning.
Do you own multi million dollar commercial real estate, including rental properties?
Or are you basing your comments based on taxes you pay on single family homes you purchased?
Do you think they do tax assessments the same for each?
I'm not pulling this info out of my ass. You can go look up the information yourself on it. NY has websites all about tax codes on property. Have you done that yet? No? Why not?
Or are you basing your comments solely on your personal experience?
You are truly reaching. My boss is a real estate investor in many cities.
He told me your comments have no merit.
Well holy shit. Get your boss on the line NOW and have him contact Trump's lawyers ASAP.
You realize I'm not just making this stuff up as I go, right? This is information that's in the trial records themselves.
I mean, seriously. This is what the entire trial was about.
Yet nowhere did Trump's lawyers say "Excuse me judge, this is not how tax assessments are done."
Why not? It would have ended the entire trial right there.
There's a ton of info on this in the pretrial evidence and the trial testimony.
I know. But God forbid people do any actual research on this.
Much easier and more fun just to say shit and get upset when people try to introduce facts to whatever LaLa land people are living in. 🤷♀️
I mean, they've only had FOUR YEARS to familiarize themselves with the basic facts of this case. 🤦♀️
What case?
Seriously? I hope you're just being silly.
The case that this entire post is about.
The case NY brought against him for tax fraud.
The one he was fined $454 million dollars for.
The one that's the reason he's been in the news lately because of speculation he wouldn't be able to raise the money for bond.
The one where the bond was just today reduced to $175 million until his appeal is heard in trying to get the fine lowered.
The Supreme Court of the State of New York, County of New York
People of the State of New York by Letitia James, Attorney General of the State of New York -Plantiff
Against Donald J Trump, et al -Defendents
Index number: 452564/2022
The Honorable Arthur Engoron ruling on the case.
That case.
I really just don't know what to say if you were serious about not knowing what case was being discussed. I'm also getting a migraine now.