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From: shawn <nanoflower@notforg.m.a.i.l.com>
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Subject: Re: Dispatches from Clown World: Actual NY Times Headline
Date: Tue, 26 Mar 2024 13:03:03 -0400
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On Tue, 26 Mar 2024 16:15:44 -0000 (UTC), "Adam H. Kerman"
<ahk@chinet.com> wrote:

>suzeeq <suzee@imbris.com> wrote:
>>On 3/26/2024 4:22 AM, NoBody wrote:
>>>On Tue, 26 Mar 2024 00:43:03 +0000, BTR1701 <atropos@mac.com> wrote:
>
>>>>Wait a minute. Trump's civil fraud verdict was based on the notion he
>>>>systematically gave an incorrect valuation to his properties in order to
>>>>deceive lenders (even though all lenders were repaid and none of them ever
>>>>made complaints against him and all said they'd do business with him again).
>
>>>>Now, the New York Times admits that reaching a proper valuation for Trump's
>>>>buildings is a "guessing game".
>
>>>>https://ibb.co/tJkZL5d
>
>>>>Untangling Trump's Real Estate
>>>>Donald Trump owes $454 million by Monday or risks losing some
>>>>properties. But experts say valuing the buildings would be a guessing
>>>>game.
>
>>>Well a liberal judge who decided upon guilt before the trial began
>>>(and stated so at the start) guessed at the value of everything and
>>>declared that the offense was so terrible that it required a
>>>ridiculous fine that you have to post in full if you want to appeal
>>>his stupidity.
>
>>>About sums the whole thing up.
>
>>It's normal for a bond for the whole fine, plus interest, to be posted 
>>for an appeal. He was already found guilty of fraud last year, the 
>>latest trial was to determine the amount of the fine. They figured it 
>>out by determining the amount of taxes that would have been owed, plus 
>>the amount of interest on loans if the real amount of the property had 
>>been stated in the first place.
>
>Do you have the URL of that news article that you just read?
>
>I didn't know the fraud case was also about underpayment of state taxes,
>and I'm not sure how Trump's mis-appraisal resulted in a larger
>underpayment of taxes. If he overstated the value, then his assessment
>was too high and he overpaid property taxes.

He overstated the value to the banks and understated (or stated
correctly) the value to the IRS.
 
>Does New York still have a personal property tax?

I don't know, but wouldn't be surprised to find out they have a tax on
the personal property tax.

Jon Stewart actually did a good job covering this issue in a clip from
his show from last night.
https://www.youtube.com/watch?v=EDMinX6t1Zk