How did he save millions in taxes by saying his properties were worth more than the judge thought they were worth?Seattle or Bust wrote: ↑Tue Feb 20, 2024 5:16 amI drive a Jeep and am probably the furthest thing from a hippie... well aside from I guess like a farmer or someone from small-town America.bpj wrote: ↑Tue Feb 20, 2024 4:48 amYou sure you want to hop back to the politics forum you Subaru driving hippie??Seattle or Bust wrote: ↑Tue Feb 20, 2024 4:30 am
Even if there are no directly damaged parties, seems odd to hope that someone who has inflated their assets to save hundreds of millions of dollars in taxes and coax banks into giving the company loans/insurance just goes scott free... While nepotism and favors are handed out to politicians all the time (and it's not right), Trump's purposeful infractions are pretty f'n egregious. If you or I did things this way we'd be in prison.
Seems odd that a guy is a favorite to run for president when he's barred from engaging in business in New York moving forward due to fraud. Not to mention the hundreds of contractors that have come forward and said they were never paid for work done on his properties. 3,500 lawsuits... many of which from ordinary Americans who were stiffed by Trump. Many of these lawsuits getting tied up in court for years until small businesses can no longer keep up with the legal bills.
Isn't the whole point regarding "draining the swamp" making it so we're rid of people who are so rich that the rules don't apply to them? That everyone plays under the same rules? Not saying Dems are any better, but Trump is in the top 1% of the swamp. People like him should be in prison... no matter their political affiliation.
How did he save millions in taxes by saying his properties were worth more than the judge thought they were worth? That one's new to me, and sounds counterintuitive. Wouldn't you pay more taxes if you inflate the value?
When you apply for a loan, you list your assets and your estimate of their value. Then the bank does their own due diligence, and if the value is there, they'll make the loan.
The banks testified on his behalf.
The first couple minutes of this video summarizes the situation pretty well:
.https://youtu.be/3lngHZFZkEw?si=w4J0g7oQFiEBBHPW
I want the swamp drained as much as the next person. It sucks to work hard and have it mean very little in the face of really rich people constantly committing fraud and scamming their way to more millions. The swamp will never be drained with Trump at the helm. He is among the swampiest of the swamp. I want the rules to be the same for everyone... and if it takes a Republican to do that, great... but it won't be Trump.
Tim Pool's analysis isn't going to convince me that Trump is an angel who does business legitimately. Guy makes a lot of money grifting... what reason could he ever have for taking a particular viewpoint? $$$$$
Tim Pool didn't give analysis, he just said what happened. (Granted I just listened to the first few minutes where he lays out the situation)