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Mon Aug 22, 2016, 02:11 PM

Don the greatest Con claims his golf courses are worth tens of millions. Until the tax bill arrives.

https://www.washingtonpost.com/politics/how-much-does-trump-claim-his-golf-courses-are-worth-it-depends-who-needs-to-know/2016/08/21/71828f3a-5f3c-11e6-9d2f-b1a3564181a1_story.html
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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.”

It is not unusual for corporations and other property owners to aggressively petition for lower taxes, and differences between the market value of a business and the assessed taxable value of its real estate are commonplace. Nor is there a legal issue for Trump in the gaps between his federal disclosures and local filings, according to ethics experts, because the disclosure forms are designed to show potential conflicts of interest — not to provide precise estimates of asset values.

But tax analysts say it’s rare for values to shift as much as those of Trump’s clubs. It’s also unusual that a business owner would provide potentially contradictory information in a different forum, as Trump has done with his financial disclosure.

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Reply Don the greatest Con claims his golf courses are worth tens of millions. Until the tax bill arrives. (Original post)
malaise Aug 2016 OP
spanone Aug 2016 #1
applegrove Aug 2016 #2
malaise Aug 2016 #3
TomCADem Sep 2016 #4
discntnt_irny_srcsm Sep 2016 #5

Response to malaise (Original post)

Mon Aug 22, 2016, 03:25 PM

1. K&R...

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Response to malaise (Original post)

Mon Aug 22, 2016, 06:00 PM

2. That is one reason why he will not release his tax returns.

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Response to applegrove (Reply #2)

Mon Aug 22, 2016, 07:28 PM

3. Indeed

and there are several others

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Response to malaise (Original post)

Sun Sep 4, 2016, 09:23 PM

4. While the MSM Goes Out Of Its Way To Invent Clinton Scandals...

...Don the Con gets a free pass on some pretty obvious fraud. For purposes of drawing investors, Trump brags about the value of his golf courses. But when it comes time to pay taxes, Trump claims that his courses are barely worth the dirt they are built on.

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Response to malaise (Original post)

Sun Sep 4, 2016, 09:25 PM

5. Now there's some depreciation I can appreciate.

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