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Related: About this forumPic Of The Moment: Trump Golf Course Mysteriously Loses 95% Of Its Value
The Only Time Donald Trump Undersells: Tax Time
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Jackie Wilson Said
(4,176 posts)when taxes are paid to support our government.
The reason they hate our government is in their tiny, fucked up heads only POC get benefits from the government.
The conservative electorate is the problem.
Saviolo
(3,270 posts)This will not hurt his numbers on the right. It will show him as a savvy taxpayer who leverages his deductions to save himself money, and demonstrating the holes in the tax code that they want eliminated, anyway. This might even draw libertarian voters who don't care about how personally odious Trump is, but think he's going to repeal taxes and then everyone can just go Galt.
Ugh.
I'm in Canada, and I'm getting physically ill watching this long, drawn-out campaign for this election. Our 11-week campaign last year seemed to go on forever for us, but the shit the US electorate goes through. And no one takes more of a beating that rational thought.
Statement here ...
"And no one takes more of a beating that rational thought."
And, this has only gotten progressively worse during the last quarter century.
Saviolo
(3,270 posts)My typo in that sentence!
Should "And no one takes more of a beating THAN rational thought."
TheBlackAdder
(28,078 posts)silvershadow
(10,336 posts)yeoman6987
(14,449 posts)he can. Well known by all. How Hillary uses that is up to her.
Jackie Wilson Said
(4,176 posts)yeoman6987
(14,449 posts)Jackie Wilson Said
(4,176 posts)yeoman6987
(14,449 posts)I read the articles of various topics mostly and then honestly give reality.
Kingofalldems
(38,362 posts)Cyrano
(15,023 posts)Regardless of whether you like the game or not, I'd love to see a survey of the average income of regular golfers.
bullwinkle428
(20,627 posts)into the declining middle class (which is confirmed in the linked Forbes article). IOW, Bernie Sanders is spot-on!
I've been playing the game since I was a kid back in the late 1970s, and have actually noticed the declining numbers at the public courses I play.
http://www.forbes.com/sites/bobcook/2014/05/23/how-a-declining-middle-class-is-killing-golf/#69abde3f524f
Jackie Wilson Said
(4,176 posts)NASCAR
Those stands at every race used to be jammed, not anymore.
jmowreader
(50,456 posts)NASCAR isn't baseball, or even football: No one goes to all the races in a season. NASCAR has always been a vacation-destination sport: you save up your money all year, but instead of going to the tropics you go to Talladega, Alabama, and do race weekend.
The biggest problem NASCAR has is NASCAR. They have spent billions of dollars to create a sport where no one could possibly get killed and every car is absolutely equal. And they've done so well at meeting both goals the shit's no fun anymore.
keithbvadu2
(36,376 posts)A few years ago there was an eminent domain case where the city condemned the land so rich developers could build more expensive projects which would benefit the community more.
Condemn this golf course and pay him the value he assigns to it.
Maybe even give him a 5% bonus/premium so he won't fight it.
yellerpup
(12,249 posts)Bernardo de La Paz
(48,795 posts)After all, it is only the gubmnt holding them back, right?
No lack of self-esteem among felony prisoners and GOP base.
Fritz Walter
(4,281 posts)Go to Google map and search for this piece of real estate. Then zoom back a bit. There's another piece of property due west a few blocks: Sing Sing Correctional Facility. To me, that's a more suitable location for Drumpf and his ilk.
underpants
(182,290 posts)NewJeffCT
(56,827 posts)when I saw this on Facebook. The difference between $50,000,000 and $1,350,000 that Trump claims means the town of Ossining is losing around $1 million/year in property taxes if it's really worth $50,000,000. Google says the tax rate there is $19.76 for every $1,000 of value.
So, $19.76 x (1,350,000/1000) = $26,676
Or, $19.76 x (50,000,000/1000) = $988,000
If it's really undervalued, the town is losing about $960,000/year. If Trump has owned it for more than a year, there would be late penalties imposed on top of the $988,000 as well.
Jack Rabbit
(45,984 posts)Who said this phony is anti-establishment?
cutroot
(869 posts)State Equalized Value Which is supposed to be about Half of the true market value. It is provided by the state. We don't get to determine it. How does he get to value his own property?
TheBlackAdder
(28,078 posts)Else You Are Mad
(3,040 posts)You would be surprised how the rich get to overturn property tax evaluations made by municipalities. It also helps if you are a billionaire. These towns don't want to have to deal with the legal costs to fight it through all the appeals process when the other person has unlimited funds to tie the process up for years.
2cannan
(344 posts)remodel and enhance it, and then says it's now worth only 1.35 mil. How stupid is that?
From the article:
snip
In Ossining, town officials said they plan to fight Trumps claim that the posh private golf club is worth only $1.35 million. They said Trump bought the property for $8 million in a foreclosure sale, spent $45 million to build the 18-hole course and 75,000-square-foot clubhouse and received permits to build six hotel suites on the property, with no increase in his tax assessment. In fact, the town assessor said, the club already received a 55 percent reduction, from $38 million to $16 million, in 2008.
TexasBushwhacker
(20,049 posts)have to come from somewhere. Fire and police departments have to be paid for. City and county services, schools and libraries have to be paid for. While Trump gets a "Hell yeah" for sticking it to the man and paying lower taxes, small businesses and individual taxpayers get stuck footing the bill because they can't afford lawyers to challenge assessments.
turbinetree
(24,635 posts)if I were to do this with my house------------------------I would have to answer a lot of questions first of all, and then second the state and the feds would have me, wife, and my tax accountant in jail.
And its just quaint how he is using a law on the books called depreciated costs which all oligarchies use , which he has been doing since he got a hold of Grand Central in New York and his "tower", so they don't have to pay the tax, and then its shoved down the other have not people throats , and he walks around and basically flaunts it in everyone's face
Initech
(99,926 posts)TeamPooka
(24,159 posts)czarjak
(11,213 posts)Donnie's right, the system is rigged.
japple
(9,777 posts)it ain't so.
Angry Dragon
(36,693 posts)He plans on bringing the kings back
trof
(54,255 posts)Sing Sing Correctional Facility is a maximum security prison[2] operated by the New York State Department of Corrections and Community Supervision in the village of Ossining, in the U.S. state of New York. It is located about 30 miles (50 km) north of New York City on the east bank of the Hudson River.
In 1970, the name of the facility was changed to "Ossining Correctional Facility" but, in 1985, it reverted to its original name.[3] "Sing Sing" was derived from the name of a Native American Nation, "Sinck Sinck" (or "Sint Sinck" , from whom the land was purchased in 1685.[4]
https://en.wikipedia.org/wiki/Sing_Sing
Roland99
(53,342 posts)Hell, I'll move there! I'll buy up 100 acres of awesome land and claim it's worth $1,200!
TeamPooka
(24,159 posts)lonestarnot
(77,097 posts)Feeling the Bern
(3,839 posts)malthaussen
(17,068 posts)While I would be astonished if the man is paying all the tax he should on a golf course next to Sing Sing, I am also skeptical that his "50 million" figure reflects anything other than his overblown ego.
-- Mal