Obviously that he was president. The question would never be asked otherwise.
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Well, hold on. Misstating them on tax filings to get tax deductions or to reduce taxes owed seems like itās got to be illegal. What happens between him and a bank may or may not be legal. Iād still think lying on something and signing it is illegal?
Regardless, nothing is happening, soā¦ yeah.
A six year coma would be late March 2016, he was already running for president and had racked up a pretty significant delegate lead I think. Make it an eight year coma and Iād definitely go hole-in-one. Iād also probably never seen him swing a golf club at that point.
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Property values are determined by local governments. For obvious reasons the opinion of the owner as to the value has no relevance as to the initial determination of taxable value. The property owner can appeal the valuation, but at no point do they submit their opinion of value during the assessment process.
Also a propertyās market value has no meaning regarding income tax. Basis matters, but thatās determined separately and by formula (usually based on cost or acquisition price).
By law/regulation, any bank taking real estate collateral has to hire a third party appraiser to value that collateral. Again, no bank takes the borrowers opinion seriously.
So what was the part about increasing tax deductions referring to?
Iām guessing that refers to taking excess depreciation by depreciating assets from an incorrect basis. But that would be a monumentally stupid way to do tax fraud and Iām doubting even Trump did in fact do that.
Also he could have donated real estate to charity and taken a deduction in excess of value, but taking a deduction not supported by an independent appraisal would also be extremely unusual and dumb. Which is not to say it didnāt happen.
Really? You doubt the depths of his brazen criminal stupidity?
Also Trump didnāt actually need deductions because he was such an lol business person he was losing money hand over fist in almost all years in question and had no tax liability to begin with
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Inflating income or assets to get a loan from a bank is 100% illegal. It may not be prosecuted often but itās a crime.
This is true for like, an unsecured line of credit. If real estate developers were sent away for inflating the value of commercial properties on their personal financial statements (inherently very subjective) there would be no developers.
Oh no!
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2024 shaping up to be a referendum on āBUT HIS PHONE CALLS!ā
This is actually really weird because no matter what is on there it can only help him.
Only thing that would be worse than what we already know is if he called putin to ask for paratroopers
IT WAS A PERFECT CALL!
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to be fair he asked for the best paratroopers, not that
How broken do you have to be to have been a trumpkin for like 60 years!