Trump claims his golf courses are worth tens of millions. Until the tax bill arrives

Trump claims his golf courses are worth tens of millions. Until the tax bill arrives

When Donald Trump submitted financial disclosure forms to election regulators, he bragged that his portfolio included some of the “finest and most iconic properties in the world.” Among them was Trump National Golf Club Jupiter in Jupiter, Fla., which Trump valued at more than $50 million.

That came as a surprise to officials in Palm Beach County, where the golf course is located. A few months earlier, for the third straight year, Trump’s attorney had gone to court to argue that, for the sake of calculating his tax bill, the property was worth “no more than $5 million.”

A Washington Post review of local property records revealed the same pattern across most of Trump’s U.S. golf courses. For eight of the 10 courses on which he pays taxes, Trump reported in his May filing to the Federal Election Commission that the courses were worth tens of millions of dollars even as his attorneys have pressed local tax officials to value the properties at a fraction of those amounts.

The contrasting figures add to the mystery surrounding Trump’s personal finances, which have emerged as a campaign issue as he has refused to release his tax returns. And they reflect what critics say is Trump’s willingness to calibrate his wealth claims depending on the circumstances — going high to impress voters and back up his claim that he is worth $10 billion, a figure questioned by many experts, and going lower to argue for smaller tax bills.

https://www.washingtonpost.com/poli...828f3a-5f3c-11e6-9d2f-b1a3564181a1_story.html

http://www.nytimes.com/2016/08/21/us/politics/donald-trump-debt.html

Thanks for the print media. The NYT and WP are doing bang up job reporting on Trump………..

Seems Trump is going to be smoked out on his finances by a combination of the NYT, the WP and Clinton's own Opposition research team. I look for her to drop a bombshell or two during the first debate.
Hey….come to think Trump submitted a Financial disclosure to the Election committee under-stating his debt…….. By well over $300 million………..


Isn’t that perjury……………….

 

So did he lie on his financial disclosure or is he cheating on his taxes?

 

Correct. My house was 'appraised' at 141k, but I sold it at 156k.

Worth is relative.

 

I personally am convinced that there are some people who might well
visit our home......and offer my wife and I three to six times more than
the value that we are paying taxes on.............

....... but even though this is probably correct........ I really don't want to see my
property tax increased greatly between now and when that possible event might well occur.

 

Neither..... he is simply looking at two different subjects...... in two different ways......
for a number of legitimate reasons........ .that only the most abject poor..... or most intellectually dishonest people here,
in North America could not
identify with..... .at least to some degree......???!

 

Incorrect!

All of his real estate...... especially what he owns that is a few miles out of
the centre of major population centres is about to go through a significant
increase in value......... .as his policies cause Americans to put greater value
on their real estate...... .on their talents and abilities...... and even on their time!

 

Coming from one of the staunchest Hillary lovers, this comes as a bit hypocritical

 

Yes…..

 

I'm not particularly fond of Hillary,

 

It is too narrow of an issue.

Here is the revised version that suits some on the left, better:

Then, they try to gyp the poor out of steak and lobster privileges to cut costs.

 

Worth is relative, but your comparison using a diamond ring is apples to oranges. Property is much easier to evaluate then a diamond, as Diamonds are a monopolized market who's value is tightly controlled rather then property which you can estimate value based on comparison to equal or close to properties.

 

Has he been charged with cheating on his taxes?

 

More of Trump's fraud to be revealed:


http://www.npr.org/2016/08/22/490954555/how-the-man-created-the-brand-in-trump-revealed



In the their new book, Trump Revealed: An American Journey of Ambition, Ego, Money and Power, Michael Kranish and Marc Fisher of The Washington Post tell the story of Donald Trump's rise as a businessman, a political candidate, but above all, as a brand.

This sentence from the book captures the proliferation of the Trump brand:

"Trump summoned reporters to a press conference at Trump's Bar, located on the ground floor of Trump Tower, close to Trump Grill, just steps away form Trump's Ice Cream Parlor and the Trump Store, which was then pushing a new cologne for men called, Donald Trump, the Fragrance."

Kranish and Fisher write the point of that press conference was to announce Trump University.


Trump Revealed
An American Journey of Ambition, Ego, Money, and Power

by Michael Kranish and Marc Fisher

Hardcover, 431 pages purchase


Some people psychoanalyze Trump and attribute this self-magnification of the man into a brand as a form of narcissism. But Kranish and Fisher take a more strategic view of him than that.

The authors told NPR's Robert Siegel that Trump has encouraged an outsize image of himself so that he can profit from just being Donald Trump.

"Obviously, the Trump brand is what makes him," Kranish says. "He has from his very early days been told by his father not to be a nothing, that he has to be something and something big. And Donald Trump has spent so much of his life trying to outdo his father and be his own man. So being Trump, being Trump on the buildings, Trump in universities, this is all part of who Donald is.

"He's written about the power of narcissism — there's a book by that title that he cites, glowingly — and he says, 'You have to look at the world that way as a businessperson. You have to put yourself front and center.' And that's the way he's operated."




more at link ...



Trump is the biggest charlatan in politics.

 

Depending upon the item jewelry markups can range from 500% to 1500% of actual trade value. The gold is only worth the actual metal price and whatever craftsmanship went into making the item has no value unless it is a name like Faberge.

Given that you received $327 the odds are the stone(s) were probably under $100 in value and the rest was just the base purchase price of the metal itself.

Next time you are looking for jewelry try the pawn shops first. They will still make a profit but nothing like Kays does.

And yes, Trump is doing the exact same thing, grossly inflating the value of what he is selling while using actual trade values for tax purposes.

 

Ok, just keep that in mind when accusing the clintons of crimes

 

Your local taxing authority will base your taxes on the sales of similar houses in your neighborhood.

Trump is playing fast and loose with his "net worth" because he didn't believe that anyone would actually check up on his BS.

 

223 bucks in gold PWT would be a giant (*)(*)(*)(*)ing ring... lol.

The correct answer is, it is worth what you can get.
Kay got 2300.
Stolen, you could have gotten 4000 from insurance.
You got 327 from the pawn shop.
The pawn shop will ask 990 for it, and take 850.

Worth, is what you can get.

See above, and tell that to a real estate agent. It is all relative. I assume you remember the housing crisis? Case in point. Trump buys things, they have a value at that time. Then he revamps them, then their value is potential. A tax assessment does not necessarily occur after remodel, and tax assessments RARELY bear any resemblance to eventual sale value, which is why when you buy a house, you pay for a current valuation.

 

You might want to read up on the Clinton Foundation or the Clinton Global Initiative.

Meanwhile, Trump spent $55,000 in campaign funds to buy 5,000 of his latest book.

Of course its illegal but he earns money on royalties and increases sales numbers to be on the NY best sellers lists.

You'd think that with all his money Trump would ask his lawyers..

 

Given the intense competition for the title that says volumes.

 

An American Eagle gold coin is one troy oz and it is about 1.25" in diameter and about 1/10th of an inch thick. It is is worth about $1400 on today's market.

http://www.apmex.com/product/93743/2016-1-oz-gold-american-eagle-bu

So your $223 worth of gold probably weighed less than 2/10ths of an ounce.

Yes, the pawnshop is like everyone else who buys low and sells high. Per your own figures they would have had overheads to factor in so they were only looking to make a measly 100% profit on your ring as opposed to Kay's who made about 1000%.

Just think of Kays as being like Trump!

 

Dayum!

 

sheesh

property taxes on the Fidelity building do not reflect the value of the business itself

the golf course/resort value is more than just the property

anything to attack Trump and the reporter who wrote it either is ignorant or knew that Democrat voters would try and latch onto this.

 

I can agree that their is a difference in the value of a property vs the property tax value of a property, but do you normally see such a wild difference between the two? Of the 2 houses I've owned the difference between the two was between 8-10%.

 

The Main Theory forwarded as to why Trump won't release his tax returns.....


he's not as wealthy as he claims. Thus undercutting MONTHS of his Cultists pointing to his "multi-billions" as "proof" he'll be a good President.

 

Using Trumps math your house should have been appraised at ~15k.