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From: "Adam H. Kerman" <ahk@chinet.com>
Newsgroups: rec.arts.tv
Subject: Re: Dispatches from Clown World: Actual NY Times Headline
Date: Tue, 26 Mar 2024 17:57:48 -0000 (UTC)
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suzeeq <suzee@imbris.com> wrote:
>On 3/26/2024 9:15 AM, Adam H. Kerman 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 heard it on a news show, and it's been a couplethree months ago.
>> 
>> 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 undervalued the properties for taxes purposes, and overvalued them 
>for loan purposes.

You can't undervalue real property for tax purposes. The assessor
doesn't work for Trump.

>> Does New York still have a personal property tax?
>> 
>
>Guess so.