Closing arguments today. Trump got all pissy and shouted at the judge or something.

After doing a thorough deep dive, Trump aint got shit on appeal for this. Best case scenario he slightly reduces the damages but they remain in the hundreds of millions.

The only property he can even kind of argue against is Mar a Lago and he was the one who gave the tax man the value, so it's really hard to argue against that. Still, would only result in him over stating the value by several hundreds of millions instead of several more hundreds of millions. Not exactly a victory.

This post was edited by Thor123422 on Jan 11 2024 12:56pm

You don’t care about republican fraud? Lololol

Saying republican fraud is like saying half the cake is bad for you.
It's the whole cake bro.

You don’t care about democrat fraud? Lololol n a nyuk nyuk

u gona get him..

Ruling to come any day now.

Considering that they've just been caught giving a fake loan to his own business to avoid taxes, I doubt it's going to go over well. There's a massive amount of evidence that fraud is ongoing to this day.

Looking at the details of the case, the fraud was admitted in their own documents and so there's really no avenue to appeal. Add that the judge is the trier of fact since they didn't go with a jury trial and there's even fewer avenues to appeal.

Best case for Trump is that he appeals and reduces the damages from hundreds of millions to slightly less hundreds of millions. Even then Mar-a-lago is the only one that has any appeal potential, and Trump Org gave the low assessment to the tax man themselves, so there's very little argument to be made on that front.

I'm looking forward to the ruling and the typical heads to explode.

This post was edited by Thor123422 on Feb 2 2024 12:00am

its gonna be siccckkkk

letitia james/10

A small loan of a million dollars

So let's see if I've got this right:

1. Trump applies for a business loan.
2. Trump has his assets valued and provides that figure.
3. The banks do their own valuation analysis.
4. The banks provide Trump loans based on their own valuation.
5. Trump and the banks are both satisfied with their business contracts. Loans are repaid in good faith, everyone wins.
6. The State of NY enters the fray, decides the value of Trump's properties isn't the sale value, but the grandfathered in taxable value.
7. Based on their own assessment of values, the government of NY determines that what... Trump should have paid a higher interest rate than was requested to by the banks?
8. Now NY can seize Trump's properties and businesses for themselves. And rather than seizing them at sale value rates, they can seize them at taxable value rates.
9. No "crime" was committed anywhere, nor any fraud. The banks and Trump came to an agreement and loans were offered and repaid in good faith. No payout from any lawsuit is going to the banks, it's all going to the State of NY, who had nothing to do with any loans in the first place.

The effective result of this case is horrific. If you go and purchase a $30,000 property, then dump $1,000,000 into improvement of that property, it's resale value is probably going to be several million dollars. What you will be taxed on the property, aka it's taxable value, is still going to be right around $30,000 until it is actually sold. While property taxes can go up, they only go up a small percentage of the initial purchase. Because property improvements aren't income, they're an expense. If you take loans against your own property that you've spent decades improving the value of, NY has set the precedent that if those loans are based on sale value of the property rather than taxable value, they can now simply steal your property and prevent you from earning a livelihood.

This is quite possibly the greatest attack on private ownership and private contracts ever seen in the US. And the left is too stupid to understand how it can be used to steal everything from them, because they're so focused on their hatred of the orange man. It's sad.

Edit: Note that when taking a loan, the interest rates offered by the banks are offered based on a risk analysis. When you offer property as collateral on the loan, that lowers your interest rates specifically because if you fail to repay, the banks will receive what they determine to be MORE value from the ownership of your property than they would from repayment of the loan itself. The bank themselves determines what THEY value that collateral as. Nowhere in any of that is the government involved. Nor did any bank complain about being cheated in any way. And if you think Maralago is worth $18 million or 16 million or whatever NY claimed, in SALE value? you're smoking the fine shit, friend.

This post was edited by InsaneBobb on Feb 3 2024 04:08am