Trump Lied On Candidate Disclosure Form

[babylonsister]

BREAKING: Trump Lied On Candidate Disclosure Form


There’s a reason Donald Trump is refusing to release his taxes, and it’s not just because of an ongoing audit at the IRS.

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.

If Trump gets his way then that means he would be cutting his tax burden by 90 percent, dumping the burden on everyone else.

more...

http://news.groopspeak.com/breaking-trump-lied-on-candidate-disclosure-form/

[Dump The Rump]

1. Call a Liar a Lawyer and it does rhyme

Call him T RUMP from now on and see if he ignores his real name. It all come down to the part of a horse that goes over the fence last.

[mnhtnbb]

2. I am waiting for the day for him to pay for all his lies.

The guy was beyond stupid to run for President if he really valued his "business" dealings. He had to know it would all be put under
a microscope. I just hope there will be consequences for him...not only to his ego when he loses to Hillary, but to his financial
empire, too.

[Skoods]

3. That day is November 8th (eom)

[mnhtnbb]

5. Yes, when he loses to Hillary

but I'm hoping for a financial reckoning day for him, too.

[Bernardo de La Paz]

11. That's when he pays for his biggest lie (he's "presidential"). But all the other lies must be paid.

[LeftRant]

22. Ditto. It seems like it's been an eternity now...

Losing the election will be grand, but it's not going to make up for all of his bullshit, his seditious behavior toward the president, the racism he re-mainstreamed, the blatant disregard for women, etc. etc. etc. etc. etc.

LOCK HIM UP!

[Cicada]

4. Country Clubs often get special property tax laws passed

I know from seeing the tax filing that in the 1980's the Los Angeles Country Club legally paid property tax on a value of slightly more than $100,000 (A tax of a bit over $1000) even though their property was probably worth more than one billion dollars.

[groundloop]

20. Call me surprised.... rich property owners getting special treatment

[BSdetect]

6. You can be sure they write off vast amounts

under real estate investment law loopholes legal or otherwise

And we end up paying to make up the revenue one way or another.

[panader0]

7. Ossining--the home of Sing-Sing prison......

[sunnystarr]

8. This isn't "breaking"

I almost didn't think much of it due to the website. The original was posted on an ABC news site May 16, 2016.

http://abcnews.go.com/Politics/time-donald-trump-undersells-tax-time/story?id=39133709

Looks like everyone missed it amid the Trump noise at the time. Definitely worth the read time.

[ailsagirl]

9. drip drip drip

[Coyotl]

14. We are so far past drip, drip, drip. Earth to Noah, you have a call from a guy named Donald.

[Laura PourMeADrink]

10. Huh? Wouldn't the city of Ossing give it a tax assessment value? nt

[Mc Mike]

12. Ossining, huh? Apt location.

[ffr]

13. That's Donald right there: "hurting their town"

And America is next if we let his hardened supporters win, come election day.

[Spitfire of ATJ]

15. I'm reminded of the cuff links he gave to Charlie Sheen...

[Martin Eden]

16. Dump Trump, then ignore him

Having no attention paid to him would hurt this narcissist more than anything else.

Of course, he should be prosecuted for any crime or fraud he committed.

[SleeplessinSoCal]

17. This info has been in the ether for months.

But maybe more will get wind of it today. Most of his blatant lies and fraudulent business dealings get buried in BS.

[Victor_c3]

18. But that is just good business

If Americans wants a businessman as a president then they are going to have accept that this person will but their profits before the needs of the masses. Trump supporters will get what they vote for - a self serving prudent businessman who cares about nothing else than their own pockets and their own advancement over everyone else.

A general rule of economics is that what is good for one person isn't good for everyone. That's business for you.

[Duppers]

25. This ^^^^

[JBoy]

19. Commercial properties are often assessed on an income approach

I.e., the value is based on the income generated by the property. If they can demonstrate that it doesn't earn much income, then its capitalized value would be low.

[Ilsa]

21. He didn't "spend" $45 mil in improvements;

He signed contracts for $45 mil in improvements, and probably only paid about $15 mil in improvements after fucking over the contractors and subs.

[annabanana]

23. yep . . . n/t

[uponit7771]

24. Did he call himself a mammal?! That would no doubt be a lie

[TeamPooka]

26. Deadbeat Donald strikes again. nt

[Tom Rinaldo]

29. #DeadbeatDonald I like it n/t

[UCmeNdc]

27. Do not Trust Donald Trump

He will say anything to Con you. Trump will lie to convince you to give him what he wants.

[dae]

28. I wonder how many businesses he refused to pay for services

rendered on this project. Trump is less businessman, more crook by not honoring contracts with small businesses.
Yes his track record certainly shows his support of the average Joe.

[gregcrawford]

30. That either makes him smart...

... or a malignant sociopath who's irredeemably evil down to his DNA. Hmmm... I'm goin' with number 2.

[bucolic_frolic]

31. Wait. The man who thinks Obama's Birth Certificate is fake?

That man faked his own documents??

Wow ... you see the hypocrisy, the irony, the devious personality.