General Discussion

Fred Sanders

(23,946 posts)

67. Fred Trump taught Don how to manipulate real estate values....excerpt from 2016 Politico article...

Tue Oct 2, 2018, 07:22 PM

Oct 2018

"A big chunk of Trump’s net worth figure comes from high valuations he bestows on his golf course properties. Trump values nine of his golf properties at “over $50 million” for a total of at least $450 million. He values at least four more at up to $25 million and a fifth at up to $50 million. But golf course valuation experts say there is nothing in the report to support these lofty figures.

“Unless we really know what the income and expenses for the clubs are, it’s impossible to even guess at what the value would be,” said Larry Hirsh, a founder of the Society of Golf Appraisers and the president of Golf Property Analysts. “He’s a classic example of a guy that, when he wants to get a loan or tell you how wealthy he is, he’ll tell you something is worth a bazillion dollars. But when he wants to get taxes reduced, he’ll tell you it’s worth $2.95.”

In fact, a New York state political official accuses Trump of doing exactly that."

https://www.politico.com/story/2016/05/donald-trump-money-net-worth-223662

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

81 replies

= new reply since forum marked as read

Highlight:

Is anyone listening to the breaking news about Trump's taxes? [View all] lunatica Oct 2018 OP

Where G_j Oct 2018 #1

GothMog posted the article, from the NYT, in the LBN Forum DonViejo Oct 2018 #3

Thank you G_j Oct 2018 #17

The New York Times Ohiogal Oct 2018 #4

Are we to believe NYT just learned this? Back to Kavs Prolific Perjury pants on fire discussion OhNo-Really Oct 2018 #78

Nicole Wallace on MSNBC from the NYT katmondoo Oct 2018 #5

From my twitter feed Gothmog Oct 2018 #19

Trumps book writer is on Ari True Blue American Oct 2018 #32

Unbelievable, biggest fraud ever. katmondoo Oct 2018 #2

now we know why he wants to keep his tax returns secret Demovictory9 Oct 2018 #16

It would have revealed hundreds of streams of revenue from the estate of his father going back Fred Sanders Oct 2018 #63

Oh yes. It's hit cable news. I hope he has a stroke. nolabear Oct 2018 #6

"Fake news" from the failing new York times. Bull-leave me. Meadowoak Oct 2018 #8

"Oh, yes," my response also. Only the details are new news, Hortensis Oct 2018 #49

Surely the NYT knew this decades ago. Why now? Kav deflection? OhNo-Really Oct 2018 #79

New Yorkers all knew variations of this, plus everyone Hortensis Oct 2018 #81

This message was self-deleted by its author rurallib Oct 2018 #7

Yes! I was doing this while listening on my satellite radio... MoonRiver Oct 2018 #9

Truth will out malaise Oct 2018 #10

I'm SHOCKED SHOCKED to find gambling going on here. nycbos Oct 2018 #11

"Here are your winnings, Major!" Aristus Oct 2018 #12

Hehe Roland99 Oct 2018 #26

Problem is... Thomas Hurt Oct 2018 #13

I don't care what his base loves. lunatica Oct 2018 #15

Leave his base in the dust. Encourage all non-voters & sometime-voters to vote D in Nov. . . nt Bernardo de La Paz Oct 2018 #20

I hear The Times expose will run 8 PAGES tomorrow... brooklynite Oct 2018 #14

Dang. I wrote off the NY Times last week I think. I can't remember why. Glimmer of Hope Oct 2018 #29

Yes, and I am very happy about it Awsi Dooger Oct 2018 #18

Why the hell would this piece of shit's popularity RISE? thegoose Oct 2018 #72

New York State Tax Department is listening Bernardo de La Paz Oct 2018 #21

Gamble v US wouldn't even help in that case! Roland99 Oct 2018 #27

yea bdamomma Oct 2018 #22

The IRS, though, could still pursue a civil resolution, a civil investigation Gothmog Oct 2018 #23

Long Twitter thread here with highlights Roland99 Oct 2018 #24

Hypothesis: Did anyone from Mueller's team provide information to the NYT? Sancho Oct 2018 #25

We'll find out lunatica Oct 2018 #30

trump is so dumb ... albacore Oct 2018 #28

Please please Timmygoat Oct 2018 #31

And let the IRS take his kids' money too lunatica Oct 2018 #35

He's probably used the same scheme to pass money to his kids. llmart Oct 2018 #46

His supporters are saying it's no big deal of course. OliverQ Oct 2018 #33

No one is immune from the IRS lunatica Oct 2018 #34

His supporters are idiocrats lunatica Oct 2018 #36

NOBODY is immune from the consequences of their actions. ZZenith Oct 2018 #66

Tonight's rally might be interesting Watchfoxheadexplodes Oct 2018 #37

Ari on the Beat is covering this story Gothmog Oct 2018 #38

I'm watching Ari now lunatica Oct 2018 #40

I stuck in office but I have my twitter feed Gothmog Oct 2018 #58

Documented 236.2 million dollar payday in 2004 for the Con from the estate. Fred Sanders Oct 2018 #68

After the Republican Tax Cuts for the Rich, the US Treasury could use the money. ffr Oct 2018 #39

The IRS also charges penalties and interest. lunatica Oct 2018 #42

However, there is a fair chance tRump is under water financially. So Treasury might not get much. nt Bernardo de La Paz Oct 2018 #43

They can get all his property, at least in this country. lunatica Oct 2018 #47

Most if not all of his properties Mr.Bill Oct 2018 #74

And his supporters will insist he is just like them and cares about them or... Freethinker65 Oct 2018 #41

They're idiocrats. lunatica Oct 2018 #45

I fear it will be ignored and go unpunished liberal N proud Oct 2018 #44

Have over owed the IRS? lunatica Oct 2018 #51

There is criminal and civil fraud in the real estate valuations, deceiving the IRS so their hands Fred Sanders Oct 2018 #61

It's a very well researched piece mcar Oct 2018 #48

16 more corroborating pages tomorrow. Fred Sanders Oct 2018 #69

Wow! mcar Oct 2018 #77

They should have broken the story into bits... kentuck Oct 2018 #50

Who says it's not...? Whiskeytide Oct 2018 #71

Why was this not found before? marlakay Oct 2018 #52

I'm sure we'll find out. lunatica Oct 2018 #55

Definitely, this is one to spread wherever we can. JohnnyLib2 Oct 2018 #53

if he put daddy's money in a stock index fund elmac Oct 2018 #54

Yeah. Evidently he was very good at losing money and lunatica Oct 2018 #59

Is anyone surprised? Perseus Oct 2018 #56

The IRS has been after Trump & family for a long time FakeNoose Oct 2018 #57

295 streams of revenue aside from massive gifts for Don the Con...excerpt... Fred Sanders Oct 2018 #60

Maybe Fred Trump died knowing his son only used him lunatica Oct 2018 #64

Fred Trump taught Don how to manipulate real estate values....excerpt from 2016 Politico article... Fred Sanders Oct 2018 #67

Says he is STILL receiving the benefits from his dad's help. Honeycombe8 Oct 2018 #62

How shocking. Amaryllis Oct 2018 #65

Shreds the self made billionaire image so, yes, shocking to the unmasked person. Fred Sanders Oct 2018 #70

It is but a tiny fraction of the whole story. warmfeet Oct 2018 #73

Would love to see those little rats he calls kids be left with nothing. Power 2 the People Oct 2018 #75

Yes. It's becoming the new lead, or co-lead, at the top calimary Oct 2018 #76

Not only Donald atreides1 Oct 2018 #80