NY AG Leticia James refers Trump and his kids for prosecution

[ducks]

There are several other things in the state.

Duh why is she spending 100 percent time on trump

[Winehole23]

[Spurs Homer]

I would really like to know

who financed the election of Bragg

who stopped the investigation of Trash

=================

Trash Is Guilty of ‘Numerous’ Felonies, Prosecutor Who Resigned Says

Mark F. Pomerantz, who had investigated the former president, left after the

Manhattan district attorney, Alvin Bragg, halted an effort to seek an indictment.

https://www.nytimes.com/2022/03/23/n...pomerantz.html

Bragg is going to look very su ious now.

he is a yuge disappointment

but that investigation is still open - and now AG James is criminally referring the trump crimes so bragg will have extra pressure to get off his ass

[ChumpDumper]

Duh why is she spending 100 percent time on trump

Not 100 percent.

Duh.

[Leetonidas]

The right doesnt care about law and order or holding criminals responsible. They only care about law and order when it doesnt apply to them

[djohn2oo8]

[ducks]

Not 100 percent.

Duh.

Oh is she licking your wifey also

[ChumpDumper]

Oh is she licking your wifey also

No.

You mad.

[Dirks_Finale]

Lol what person does not exaggerate their networth

99% of the people in this forum do it

[MultiTroll]

Lettie ain't taking no bribes like this phuck.

[daboom1]

TRUMP-NY LATEST: Attorney for Donald Trump Alina Habba dismantles the claims of New York AG Le ia James' lawsuit against the 45th president.





Savage!

[ElNono]

99% of the people in this forum do it

If anybody in this forum would do that in order to skirt paying taxes or obtain favorable terms on their loans, they would likely be in jail by now.

[ElNono]

Beep boop

[CosmicCowboy]

If anybody in this forum would do that in order to skirt paying taxes or obtain favorable terms on their loans, they would likely be in jail by now.

Nope. I can't speak directly to Trumps details but property value when it isn't actually put up for sale to let the market determine the price is extremely ambiguous. I own several properties and protest the tax valuations every year when they come out. I hire professionals to do it. I don't get to set the values, a valuation board decides what the taxable value is. I am confident the real values of the properties are at least twice what the tax appraisals are and probably more. It is not fraud to put the estimated real value of the properties on your financial statement.

[JamStone]

The fraud appears to come from a totality of his dealings, not just from the tax appraisals.

He sets the lowest valuations of his properties on his financial statements for lower tax purposes. But then he turns around and inflates those numbers as many as ten times (from the examples that have been publicly talked about) in statements to lenders to borrow money off the properties. Filing with the IRS a property valuation of $75 million only to tell a lender it’s worth $739 million in order to borrow off of it should not be standard practice. Even if it is standard practice, it still smells like criminal tax fraud. The discrepancy in numbers is too egregious.

[CosmicCowboy]

The fraud appears to come from a totality of his dealings, not just from the tax appraisals.

He sets the lowest valuations of his properties on his financial statements for lower tax purposes. But then he turns around and inflates those numbers as many as ten times (from the examples that have been publicly talked about) in statements to lenders to borrow money off the properties. Filing with the IRS a property valuation of $75 million only to tell a lender it’s worth $739 million in order to borrow off of it should not be standard practice. Even if it is standard practice, it still smells like criminal tax fraud. The discrepancy in numbers is too egregious.

Property valuations have nothing to do with the IRS until they are sold.

[Blake]

Lol what person does not exaggerate their networth

Even a millionaire like Trump does it, huh

[pgardn]

99% of the people in this forum do it

For the purpose of fraud on banks to give you loans they would NOT normally give you?
Thats illegal.

You do this?

[pgardn]

Property valuations have nothing to do with the IRS until they are sold.

They have a lot to do with banks and lending.
Would you lend money to Trump?
You would consider that good business, a good investment?
For your shareholders in your bank as well?

[Spurs Homer]

Nope. I can't speak directly to Trumps details but property value when it isn't actually put up for sale to let the market determine the price is extremely ambiguous. I own several properties and protest the tax valuations every year when they come out. I hire professionals to do it. I don't get to set the values, a valuation board decides what the taxable value is. I am confident the real values of the properties are at least twice what the tax appraisals are and probably more. It is not fraud to put the estimated real value of the properties on your financial statement.

sure,

you can play a little with the numbers and plead innocence and ignorance…

but just try overvaluing your properties by obscene amounts - like moscow-a-lago is worth 750 mil
when it appraises at 75 mil

go ahead- try it.

[spurraider21]

99% of the people in this forum do it

the old "officer, that guy was speeding too" excuse

[Spurminator]

the old "officer, that guy was speeding too" excuse

... in defense of a former POTUS. smh conservative standards.

[Will Hunting]

Lol what person does not exaggerate their networth

99% of the people in this forum do it

are you guys really comparing lying about your net worth in a casual setting to this?

[Will Hunting]

Property valuations have nothing to do with the IRS until they are sold.

That's not true. The conservation easement tax break is a federal program (that Trump has utilized a lot in the last decade) and the size of the tax break you get is tied to the value of the property you're granting the conservation easement on. That obviously involves reporting the value of the property to the IRS.

Here's an article with more detail about how Trump abused it:
https://www.washingtonpost.com/polit...a62_story.html

[CosmicCowboy]

sure,

you can play a little with the numbers and plead innocence and ignorance…

but just try overvaluing your properties by obscene amounts - like moscow-a-lago is worth 750 mil
when it appraises at 75 mil

go ahead- try it.

I'm not defending Trump at all, but price to sales ratios of 30-1 are not at all unusual in the stock market, I don't know what a normal PS ratio for a private golf club is but Mar-A-Lago Lago as an ongoing business supposedly reports 25 million revenue per year. At the 75 million valuation claimed by Leticia James that would only be a 3-1 ratio which seems unreasonably low. 30-1 (which seems high to me) puts it at 750 million. Values on property are always ambiguous until they are actually sold and the price determined by the market.