Posted on 01/22/2022 11:45:11 AM PST by GrandJediMasterYoda
Underwriters look at all bank loans
Petty, weak, malicious, bovine excrement.
“What are they talking about?”
She’s a stupid, deranged leftist with more power than she can handle. She’ll quietly lose all over court.
We do need laws against vindictive prosecutors. She said before election she would go after Trump directly.
“First the verdict, then the trial.”
But how can a liar prosecute lies while lying?
= = =
How much wood would a wood chuck chuck if a wood chuck could chuck wood?
An old farmer saying is when I talk to my banker asking for a loan I have a 1000 cows, when I talk with the IRS I have 100.
Yes they do, and any bank that does not assess the value of collateral property for a loan should be in a heap of trouble with its shareholders.
I took out a $125k business loan to renovate an office building I own.
The bank sent out a guy to take pictures and he measured the building...and this was for a measly $125k.
Of course they do. This is why none of this matters. Trump can say his property is worth whatever he wants. It’s up to appraisers to figure out what is actually worth
That lying POS bit** is not smart enough to even know if President Trump told the truth or not.
The walls are closing in...
Unreadable due to pop-ups.
“It’s not clear to me how overstating your wealth would get you tax deductions”
In 2014, the Trump Org valued seven mansions on the Seven Springs Estate at $161 million — though they did not yet exist, according to the petition.
Trump received tax deductions worth millions of dollars as a result of the nonexistent properties, according to James.
Well lookee here who chimed in with all of Letitias big scoop? It is the FR know it all virtue signalling poser.
Years ago you would have been kitty bait.
That’s ludicrous. Banks are under no obligation to get an appraisal to make a loan. As a matter of fact, many loans go off without an appraisal.
Seattle Steve asked how you can overstate wealth and get a tax deduction. I linked a comment showing how.
I guess in your world if you point it out you are now a liberal. Are the peons now just to shut up while the elites of both parties get away with stuff we would be thrown in jail ?
I will tell you something else. I have dealt with clients worth hundreds of millions of dollars. They did not get that way by being nice and following the rules.
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The Trump Organization, James’ office said, overstated the value of land donations made in New York and California on paperwork submitted to the IRS to justify several million dollars in tax deductions.
Trump lied?
Democrats: We are the champions, my friends.
But wouldn't that be an issue for the IRS? Why does the NY state AG have any kind of legal authority regarding IRS returns?
“But wouldn’t that be an issue for the IRS? Why does the NY state AG have any kind of legal authority regarding IRS returns?”
I don’t know. I would think the IRS via an audit would be making the claims.
County assessors typically understate the “taxable” value of your property to fool you into thinking you’re getting a deal. They screw you via the tax rate. This is to discourage appeals for a lower valuation.
Total BS. Property tax DEDUCTIONS are allowable only for actual taxes PAID. If no taxes had been assessed (because the properties did not yet exist) Trump could not have paid them. Trump’s accountants are too thorough to claim deductions for something not paid.
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