Is Donald Trump losing his memory or just a Fraud?
After Judge Engoron ruled that Trump and Trump Org. had committed Fraud yesterday.
MAGA social media went wild.
Claiming Mar-A-Lago was worth over 1 billion dollars.
Trump valued it between $426 and $612 Million on financial statements.
Now let’s get to some facts based in reality.
In 2020 Mar-a-Lago was valued at $26.6M.
Trump disputed that valuation by the county assessor.
Was he disputing that, it was really worth 1 billion dollars?
Nope.
He was trying to dispute the 26.6 million assessment as being too high.
Why would he want to lower his property value?
He was trying to lower his $511,673 tax bill.
Is it normal to tell the Gov. that your property is worth less, to lower taxes.
Then.
Tell the Banks that it’s worth 2,800% more to get favorable loans?
Is Trump a liar or just a smart businessman for “taking advantage of the system” as he said in 2016 debates?
I wonder what Trump Tower will be named after it’s sold?