Letitia James Faces Growing Pressure to Prosecute Jon Stewart over Property Overvaluation

https://www.breitbart.com/entertain...cute-jon-stewart-over-property-overvaluation/

Now the reality is that Stewart isn't going to be prosecuted. However this does expose a major lie that many leftists, including Stewart have repeated over and over to try to rationalize the claims of Trump committing fraud. That lie was that Trump overinflated his properties for loans but then underappreciated them for taxes.

The proper answer to that is who determines the tax basis for the properties? The owner or the government? The answer to that of course is the government determines the tax valuation for your property. They tell you what they think it is worth and what you will pay on it in property taxes. You don't get to dictate anything about that to them.

That is true of Trump, it is also true of Stewart.

So Stewart got caught in this mess not because he committed a crime, although according to leftist defenders like himself, he did commit that crime. The difference between the tax assessment of his property value and the market assessment of his property value was 800%. According to James and Stewart that is proof of fraud. According to the rest of the world, different entities come to different conclusions and they each do their own due diligence and come to an agreement and a contract. That's called business, not fraud.

However again the proof of fraud, especially for leftists is when you don't pay enough taxes and demand to pay more after the government has assessed your value and not determined it to be what you sold it for, or claim it is worth, you've committed fraud, tax evasion and a crime.

By that measure Stewart is a fraudster and a criminal. I mean this fraud is even worse than using a stage name right?

I guess we can look forward to James showing no one is above the law, including Jon Stewart.

 

Jon Stewart on Trump’s “Victimless” Fraud & Jordan Klepper on Trump's Bible Grift | The Daily Show (youtube.com)

Trump had apt that was 11,000sf he claimed it was 30,000sf
Stewart didn't do that.

 

They struggle for that "equivalence" but ignore the criminal intent.
CRIMINAL INTENT, here you go, enlighten yourself.

https://www.law.cornell.edu/wex/criminal_intent

Study up on this and get back to us with some understanding of the topic.

 

Did Trump personally measure the penthouse or just repeat what he was told?

Have you personally measured the square footage of your own home or do you just take what you were told by the agent and county docs?

 

Per James the difference was the intent. It moved it from mistake to malevolence.

I mean do you think selling your property for 800% above the taxed value of it is an accident? If you are paying 800% less in taxes than the value of your property, isn't that proof of criminal intent? It certainly can't just be an accident.

 

Not a credible news source.

 

I'm still waiting to hear how selling something for more than you paid for it is criminal.

 

James faces no "pressure" here. The entire argument is based on functional illiteracy.

 

The difference was a LOT more than intent. All this proves is how little Trump supporters care about basic objective facts.

 

It's not more than you paid for it. It is misrepresenting and defrauding the value by misstating and misrepresenting the value based off the tax valuation.

If you don't understand that ask Jon Stewart about it.

 

He didn't do that, he sold the house.

 

I'm still waiting to hear who was defrauded when the banks were free to do their own valuation, they gladly loaned money based on their own valuation and admitted they would gladly do it again. Stewart kept his tax liability as low as he could while soaking the most out of what he thought his property was worth. Do you see any similarities at all?

 

Nope.

 

Is it possible for you to post without the acerbic group insults?

 

Ah.
Criminal intent!
The intent to commit a crime. And the "smoking gun" evidence of trumps "criminal intent is the disclaimer on each financial statement that in effect says "don't trust what we say, verify for yourself".
Yep. That trump, he is so guilty.
Not!

 

It never stops, does it? If Trump is crooked, so is everyone who dares to criticize him, right?

Yeah. We get that.

 

How unreasonable to expect equal application of the law.

 

Trump inflated the value of property to get loans
Stewart sold his house for more than he paid for it.

 

did you not read the part where he overvalued it by 800%?

 

Uh yea, he sold it for more than he paid for it, that's called capitalism.

 

I don't think that gets Jon Stewart off the hook lol.

 

Overvalued it... As in overvaluing at current market rate

 

That's true, not committing a crime gets him off the hook.

 

So if the market rate is 10,000 but someone pays 15,000 that's illegal?

 

Does that look remotely close to an 800% increase to you?