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Re: Trump lawyers say Trump can't get a $464 million bond....poor thing

By: Cactus Flower in ALEA | Recommend this post (0)
Mon, 18 Mar 24 11:24 PM | 22 view(s)
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Msg. 52580 of 54895
(This msg. is a reply to 52579 by clo2)

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The mire gets stickier and stickier.

Is it a tax on any gains?

Will there be any given it's a fire sale?

Oh yes. Of course, he undervalued the properties to the state, even as he overvalued them to lenders. So there may well be gains to account for.

That's going to sting. And I suppose the state will put any surplus funds from any sales in escrow, pending the tax payments.

Given he is probably worth 1/10th or less of what he claimed, he may be totally broke.




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The above is a reply to the following message:
Re: Trump lawyers say Trump can't get a $464 million bond....poor thing
By: clo2
in ALEA
Mon, 18 Mar 24 10:45 PM
Msg. 52579 of 54895

Michael Cohen was just on a show I was watching.

He mentioned, even if Trump sells properties to cover this, he'll also be responsible for taxes on those sales, and NY will have state, city on top of that, 40% is what Michael said.


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