President Trump - "Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations"....
(media.greatawakening.win)
COURT CABAL SCUMBAGS 🤬
Yes, but there have a been a ton of changes to the RIGHTS of the property since 1985? Do you know why Mar a Lago is a commercial business now and not a private house?
Trump was flying high in the 1980s then hit hard times in the 1990s.
April 1991 Trump Taj Mahal files for bankruptcy https://www.upi.com/Archives/1991/04/09/Trump-reaches-agreement-with-bondholders-on-Taj-Mahal/7261671169600/
March 1992 Trump Castle and Trump Plaza file for bankruptcy https://www.upi.com/Archives/1992/03/09/Trumps-Castle-and-Plaza-file-for-bankruptcy/3105700117200/
Trump had personally guaranteed some of these loans and in negotiations with bankers, his personal spending was limited.
Because of this Trump found like Marjorie Post before him, that it was too expensive to keep Mar a Lago as a house. It was costing him $2.5 million a year.
Trump first wanted to develop Mar a Lago into multiple houses, but he was turned down by the town and he sued Palm Beach
he struck a deal with Palm Beach to turn it into a club and in the use agreement he gave title of the land to the club and signed a binding restriction that the land should be used as a club.
Later on he signed a conservation easement where he agree not to further develop the property. https://www.palmbeachpost.com/story/news/2017/12/21/trump-in-palm-beach-how-trumps-mar-a-lago-private-club-took-advantage-of-irs/6604307007/
Both of these changes saved him a lot in taxes. And are why Mar a Lago is not valued like the homes surrounding it.
It sounds like they pulled the tax valuation for the 18 million, then?
By that method, we could look at a 2500 acre farm in a prime soil area and say it’s worth $10,000.
I don't know about the farm valuation, but according the Palm Beach Post, Mar a Lago is taxed at $37 million
https://www.aol.com/upped-value-mar-lago-other-174412602.html
The 18 million seems to go back to 2011.
So the other thread has it backwards
If President Trump is guilty of overvaluing his properties in NY for 20 years, then NY owes him Billions of property tax Dollars.
The values on his tax statements were not the same as values on his financial statements.
I guess my point was more that this whole thing seems retarded, one way or the other. The specific pathway to divining this pathway of retardation is interesting, but doesn’t override the retardation of the situation as a whole.
Moral of the story maybe being - never elect a judge whose haircut indicates he likes sticking forks into power outlets, not that we actually elect any of “our” “representatives” or officials.