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I’m content to wait for the appeal(s).
I’m content to wait for the appeal(s).
Cash flow basis for tax assessment.
Again, the Trump organization valued the property on a false and misleading basis, which is why they lost. Getting hung up on $18 million valuations misses the first four the trees.
You have no idea what you're taking about. I am not shocked. Perhaps you can respond by telling my I'm making your point for you? That's right on schedule.
That's how they assess it for tax purposes. All of this would need to be disclosed in the financial documentation presented to potential lenders. They didn't and they lost. Not just in this instance, but literally in dozens of others.
If you don't have anything else to add, you may have the last word. Your ignorance and pettiness has over again been exposed....
Just delusion.no. just truth.
you should start a new group. maybe call it "Republicans Against Capitalism By Liberals"
Jon Stewart benefited by 829% ‘overvalue’ of his NYC home even as he labels Trump’s civil case ‘not victimless’
Jon Stewart is facing online backlash after saying Donald Trump’s case overvaluing his properties was “not victimless,” and sleuths found his own records.nypost.com
LOL the usual lib hypocrisy. If Trump got taken to court then so should Jon Stewart, but since he's a lib we know thats not gonna happen. Rules for thee but not for me.
I think we get it. I think you guys have to try anything possible to divert away from what trump actually did with his taxes and his lies about square footage and all that stuff that doesn't make it to you guys from Fox or Newsmax or wherever.Just delusion.
There is no hypocrisy.Now you watch the likeminded never Trumps rush in to defend his hypocrisy.
Yep.Nope.
They overvalued... at the time it was by roughly $200 million. It's already been established in this thread.No, they didn't. They based in on the Palm Beach real estate market, which is how you value... ya know.. real estate.
My cash flow assessment?By your own stupid argument I guess Judge Engoron committed fraud too since he undervalued the Trump property based on your cash flow assessment.
I can't help that you do not grasp how deed restricted clubs are assessed.No, they didn't. Real Estate taxes are not Business taxes. The first clue is that the real estate taxes are collected as real estate taxes and business taxes aren't collected as real estate taxes...
It's how a deed restricted club is assessed real estate taxes. There are other types of deed restricted pieces of real estate, like places of worship, private schools, etc....By your argument a well kept but poorly run hotel is valued based on the current business income alone and not the value of the property itself. So an immaculate hotel in a choice location that isn't making a profit is valued at... $0?
LOL. Run away, again.
It's how a deed restricted club is assessed real estate taxes. There are other types of deed restricted pieces of real estate, like places of worship, private schools, etc....
Stuart had to represent his property was worth far more than market value by the NY standard applied to Trump that is fraud. But don't worry, as long as Stuart pimps for the Biden regime he won't be prosecuted.Show me the law that says it's illegal to sell your property far above market value.
What was the market price of Mar a Lago in 2011? What did Trump claim in order to receive better lending terms?Sigh, again, that is not how the market value of the property is determined. That MARKET PRICE is what the bank cares about because in the case of a default it is that value that will determine the risk of the loan.
It's an irrelevant example as it didn't portray either situations being discussed in this thread.Back to the BnB example that you avoided
If it's deed restricted in the same manner, the tax assessment will be more reflective of the cash flows. I'm not going to pretend to know the models they use, but the fact remains Trump lied for personal gain.Again, if a business is make $0 on a $20 million condo complex, the value of the condo complex on the open market isn't $0.
Jon says it's not the same as Trump so I guess we have to accept that.Jon Stewart benefited by 829% ‘overvalue’ of his NYC home even as he labels Trump’s civil case ‘not victimless’
Jon Stewart is facing online backlash after saying Donald Trump’s case overvaluing his properties was “not victimless,” and sleuths found his own records.nypost.com
LOL the usual lib hypocrisy. If Trump got taken to court then so should Jon Stewart, but since he's a lib we know thats not gonna happen. Rules for thee but not for me.
Someone offered him a value that was well above assessment.Stuart had to represent his property was worth far more than market value by the
This is false. He didn't disclose the restrictions and completely lied by presenting the property as residential to potential lenders. This is illegal because it's lying for personal gain.NY standard applied to Trump that is fraud
Awwwww.But don't worry, as long as Stuart pimps for the Biden regime he won't be prosecuted.
Do you understand the difference?Jon says it's not the same as Trump so I guess we have to accept that.
Or you can actually look at the specifics of both examples. Trump lied. There's no evidence that Stewart did.Jon says it's not the same as Trump so I guess we have to accept that.
Yes.Do you understand the difference?
Then again. Trump told the banks that what he put up was worth a certain amount but that they should do their own evaluation.Or you can actually look at the specifics of both examples. Trump lied. There's no evidence that Stewart did.
Nope.
No, they didn't. They based in on the Palm Beach real estate market, which is how you value... ya know.. real estate.
By your own stupid argument I guess Judge Engoron committed fraud too since he undervalued the Trump property based on your cash flow assessment.
Your hand waving is noted and dismissed.
No, they didn't. Real Estate taxes are not Business taxes. The first clue is that the real estate taxes are collected as real estate taxes and business taxes aren't collected as real estate taxes...
By your argument a well kept but poorly run hotel is valued based on the current business income alone and not the value of the property itself. So an immaculate hotel in a choice location that isn't making a profit is valued at... $0?
LOL. Run away, again.
I assume Stewart did not lie to his buyers about the particulars of the property in order to trick them into paying more than the property was worth. If someone thinks he did, they are welcome to present any evidence to prove it.Then again. Trump told the banks that what he put up was worth a certain amount but that they should do their own evaluation.
Did Stewart tell the buyers to do that?
Judge Engoron didn't undervalue anything. He was given those numbers by the assessors.
Oh OK.....if you say soThe realtor overvalued, and Stewart didn't turn them into the authorities.
What was the market price of Mar a Lago in 2011? What did Trump claim in order to receive better lending terms?
It's an irrelevant example as it didn't portray either situations being discussed in this thread.
If it's deed restricted in the same manner, the tax assessment will be more reflective of the cash flows. I'm not going to pretend to know the models they use, but the fact remains Trump lied for personal gain.
I assume Steward did not lie to his buyers about the particulars of the property in order to trick them into paying more than the property was worth. If someone thinks he did, they are welcome to present any evidence to prove it.
But it didn’t take long for internet sleuths to look into Stewart’s own property history, where it shows an overvaluation of his New York City penthouse by a staggering 829%, records confirmed by The Post show.
In 2014, Stewart sold his 6,280-square-foot Tribeca duplex to financier Parag Pande for $17.5 million. The property’s asking price at that time is not available in listing records.
But according to 2013-2014 assessor records obtained by The Post, the property was market-valued at only $1.882 million. The actual assessor valuation was even lower, at $847,174.
Records also show that Stewart paid significantly lower property taxes, which were calculated based on that market value price — precisely what he called out Trump for doing in his Monday monologue.
Pande, who purchased the penthouse from Stewart, then resold the property at a nearly 26% loss than what he initially paid for it, according to the Real Deal — at just over $13 million — in 2021.
Selling a property for a profit is legal. Lying about the property in order to do so is illegal.MSN
www.msn.com
The diff with Trump is that he was looking for a bank loan and told the banks to make their own estimate.
Stewart for looking to make a kill on his sale. Buyer beware.
What are you even alleging here?Jon Stewart benefited by 829% ‘overvalue’ of his NYC home even as he labels Trump’s civil case ‘not victimless’
Jon Stewart is facing online backlash after saying Donald Trump’s case overvaluing his properties was “not victimless,” and sleuths found his own records.nypost.com
LOL the usual lib hypocrisy. If Trump got taken to court then so should Jon Stewart, but since he's a lib we know thats not gonna happen. Rules for thee but not for me.