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I dont care what it is named to be honest. But I do feel Trump committed a crime in how he valued it. And the people who accepted that valuation should not be employed doing that. They are....incompetent at best.
But me "feeling" he committed a crime doesn't make it so. And no for those wondering, I dont think this is something he should go to jail for either barring more evidence. It does to me say it should be investigated, and if he is found to have defrauded the state, then charge him for the money, and charge him with a crime if it appears he knowingly did so.
But hes wealthy, and powerful so we know....nothings going to happen. And that corruption of our system should horrify anyone who cares about us as a country.
I am sure the value of the land he donated is more than the than the value of the donations some of you all will ever give total in your life.
And no, not a Trump fan at all, but goodness, I think some of you all are completely delusional and suffer a mental illness of some sorts regarding him.
I dont care what it is named to be honest. But I do feel Trump committed a crime in how he valued it. And the people who accepted that valuation should not be employed doing that. They are....incompetent at best.
But me "feeling" he committed a crime doesn't make it so. And no for those wondering, I dont think this is something he should go to jail for either barring more evidence. It does to me say it should be investigated, and if he is found to have defrauded the state, then charge him for the money, and charge him with a crime if it appears he knowingly did so.
But hes wealthy, and powerful so we know....nothings going to happen. And that corruption of our system should horrify anyone who cares about us as a country.
If they determine there is a problem in accepting donated property valuations, I think that they should review ALL such deductions over that time period. (All meaning everyone, not just Trump).
I don't know anything about the rules, statute of limitations etc. I just don't think that if you identify a process that you don't think was done right that you need to review EVERYBODY.
Now wouldn't that get interesting among the extremely wealthy in the US....care to take a guess on the chances of that happening? Dibs on 0%.
He dumped the land because it was useless. It was a bad business decision, he couldn't develop it so he 'donated' it -- meaning dumped it.
Think of it like the folks who walked away from their house because they owed more than it was worth.
My grandmother had a car, but she suffers from such severe rheumatoid arthritis that she's no longer able to get in and out of the vehicle. So she decided to donate it. But I guess, by your standards, the car had become useless to her, so she didn't donate it, she dumped it.
Also, if a person owes more on a house than it's worth, and walks away from it, there are still consequences for that homeowner. It's not like they are suddenly free and clear because they just stopped paying for it. Trump donated or GAVE this land to NY state free and clear. He OWNED it and then gave it away. It's not like NY state inherited a land payment when he gave the land to them. Your analogy doesn't work here. Sorry.
LOL, very amusing thread. Face it people don't want a State Park named after a twice Impeached lying president. Not a whole lot of Parks or schools named after Nixon. trump did it to himself . Change the name!
Dont make it sound like he's this great guy doing good for the public. If he did it, there's an angle in it for him.
''He donated it in 2006 after he was unable to gain town approvals to develop the property. At that time Trump claimed the parcel was worth $100 million. He used the donation as a tax write-off.''
'' Donald Trump donated land to the state of New York in 2006, but it was largely unused and officially closed in 2010 after budget cuts. The land is now considered a “passive park,” which means it is not maintained and has no amenities.''
My grandmother had a car, but she suffers from such severe rheumatoid arthritis that she's no longer able to get in and out of the vehicle. So she decided to donate it. But I guess, by your standards, the car had become useless to her, so she didn't donate it, she dumped it.
Also, if a person owes more on a house than it's worth, and walks away from it, there are still consequences for that homeowner. It's not like they are suddenly free and clear because they just stopped paying for it. Trump donated or GAVE this land to NY state free and clear. He OWNED it and then gave it away. It's not like NY state inherited a land payment when he gave the land to them. Your analogy doesn't work here. Sorry.
Did your grandmother over estimate the value of the car on her taxes?
I'm assuming grandma is honest, so Monelli's analogy does work. There was a financial incentive for Trump to do what he did. Grandma, not so much.
If they determine there is a problem in accepting donated property valuations, I think that they should review ALL such deductions over that time period. (All meaning everyone, not just Trump).
I don't know anything about the rules, statute of limitations etc. I just don't think that if you identify a process that you don't think was done right that you need to review EVERYBODY.
Now wouldn't that get interesting among the extremely wealthy in the US....care to take a guess on the chances of that happening? Dibs on 0%.
I agree with you.
Seems like it is not done that often without a professional valuation attached. Rarely. It is a red flag and would be noticed by the IRS. Especially if it is that large a write off.
That's what makes it so unusual and so egregious.
Maybe someone (Trump) was trying to cheat on his taxes to get a bigger write off? Not proven yet but I'm guessing it will be.
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