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re: Joe Rogan shreds people for saying Donald Trump’s Mar-A-Lago is only worth $18Million

Posted on 10/8/23 at 9:16 am to
Posted by BBONDS25
Member since Mar 2008
57164 posts
Posted on 10/8/23 at 9:16 am to
quote:

If Maralago is valued at its unrestricted value, as every moron in this thread assumes, Trump owes millions in taxes, which he has avoided for years through the restrictions.


You must mean property taxes. Clearly you aren’t aware of the annual limit on the assessor to increase taxes. perhaps you shouldn’t call others morons when you speak from a place of complete ignorance.
This post was edited on 10/8/23 at 9:17 am
Posted by TBoy
Kalamazoo
Member since Dec 2007
27584 posts
Posted on 10/8/23 at 12:04 pm to
quote:

Clearly you aren’t aware of the annual limit on the assessor to increase taxes.

Are you talking about the laws and ordinances in Florida? What do they say?
Posted by BBONDS25
Member since Mar 2008
57164 posts
Posted on 10/8/23 at 1:49 pm to
quote:

Are you talking about the laws and ordinances in Florida? What do they say?


Property tax assessments are limited to 3 percent increases annually. (Or 10% non homestead). That is done at the discretion of the county assessor.

The MAL isn’t worth X argument is insane. The judge stating that it’s only worth 27 is more insane. Saying trump owes more in taxes because of property tax is just complete ignorance on how the system works.
This post was edited on 10/8/23 at 1:52 pm
Posted by jimmy the leg
Member since Aug 2007
42296 posts
Posted on 10/8/23 at 2:31 pm to
quote:

This whole line of argument is absolutely ridiculous. Just say you support lawfare


low-t is simply repeating (copying and pasting?) stuff he sees on DU…aka - the cesspool of humanity.
Posted by Antoninus
Ravenna
Member since Sep 2023
1089 posts
Posted on 10/8/23 at 2:57 pm to
quote:

The judge stating that it’s only worth $27 (million) is more insane.
People keep claiming that the judge made such a finding. Where?

I have read the MSJ Order twice now, and I see no such finding anywhere. Order

This is just another case of some idiot reporter putting this in the media, and everyone just accepting it as true.

The judge listed multiple ways the Trump’s representations of value were fraudulent, including the fact that the tax assessor listed that value and Trump agreed to it. He made no explicit judicial determination that this number was accurate.Hell, Trump’s agreement to that vale, while ALSO claiming a value 2700% higher, is certainly indicative of fraud of some sort.

The bigger factors were almost certainly the useage restrictions, the name-brand premiums, the fact that Trump had a co-owner (National Historic Trust), etc.
This post was edited on 10/8/23 at 3:21 pm
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135710 posts
Posted on 10/8/23 at 3:35 pm to
quote:

The judge listed multiple ways the Trump’s representations of value were fraudulent
The "judge" is either a partisan hack or an imbecile.
Posted by Antoninus
Ravenna
Member since Sep 2023
1089 posts
Posted on 10/8/23 at 3:38 pm to
quote:

The "judge" is either a partisan hack or an imbecile.
Have you read either the Complaint OR the Order?

Yes or no.

If so, which?

If not, why are you relying upon biased media to tell you what they say?
This post was edited on 10/8/23 at 3:42 pm
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135710 posts
Posted on 10/8/23 at 3:44 pm to
quote:

The judge listed multiple ways the Trump’s representations of value were fraudulent, including the fact that the tax assessor listed that value and Trump agreed to it
If a tax assessor appraises tax liability at a lower than expected value, your contention is the property owner is required to ask the assessor to reconsider?
Posted by Antoninus
Ravenna
Member since Sep 2023
1089 posts
Posted on 10/8/23 at 3:52 pm to
No, I do not contend that, but nice dodge of the questions that I asked YOU.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135710 posts
Posted on 10/8/23 at 3:53 pm to
quote:

Have you read either the Complaint OR the Order?
Hank, there were HIGHLY COMPETENT appraisers hired by the lending companies to assess collateral value. Those professionals were/are infinitely more competent at property value assessment than is the snaggletoothed creep on the bench.

Meanwhile, the loans were issued against collateral. They were paid back on schedule, and in full. The lender and the lendee were happy in each instance.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135710 posts
Posted on 10/8/23 at 3:55 pm to
quote:

nice dodge of the questions that I asked YOU
Well nitwit, those questions came in a later post. You'll find my answer above.
Posted by tango029
Member since Dec 2022
531 posts
Posted on 10/8/23 at 4:03 pm to
quote:

Hank, there were HIGHLY COMPETENT appraisers hired by the lending companies to assess collateral value. Those professionals were/are infinitely more competent at property value assessment than is the snaggletoothed creep on the bench.


Im sorry but when you say a property is worth over half a billion 12 years ago, and it ain't worth that even today, that's fraud plain and simple.

Hell they even got the executive to admit it on the stand that he knew but didn't want to get fired so he went along with it.

It shouldn't come as a shock to anyone that Trump runs his business shady as frick.
Posted by Antoninus
Ravenna
Member since Sep 2023
1089 posts
Posted on 10/8/23 at 4:07 pm to
Again. Have you read either the Complaint OR the Order?

Yes or no.

If so, which?

If not, why are you relying upon biased media to tell you what they say?

You clearly have NO understanding of the nature of this lawsuit OR of the specifics of the MSJ Order, because all your points are addressed therein.

Of course, you’ve no let that stop you from forming lots of opinions about it.
This post was edited on 10/8/23 at 4:17 pm
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135710 posts
Posted on 10/8/23 at 4:12 pm to
quote:

Im sorry but when you say a property is worth over half a billion 12 years ago, and it ain't worth that even today, that's fraud plain and simple.
You should be sorry for that insertion.

E.g., During the Great Recession property values plummeted. Cities like Las Vegas and Phoenix saw 60% home price drops in one year.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135710 posts
Posted on 10/8/23 at 4:26 pm to
quote:

Again. Have you read either the Complaint OR the Order?

Yes or no.

If so, which?
Both.

Now, it's your turn. What is the value of Mar-a-lago? What was its value in 2021? What was its value in 2022? What is Judge Snaggletooth's expertise in overcalling previous assessments?
This post was edited on 10/8/23 at 4:28 pm
Posted by BBONDS25
Member since Mar 2008
57164 posts
Posted on 10/8/23 at 4:28 pm to
quote:

People keep claiming that the judge made such a finding. Where?


quote:

including the fact that the tax assessor listed that value and Trump agreed to it.


Swing and a miss Hank.


You think a tax assessors value has anything to do with FMV? Yikes.

You think Trump agreeing to the tax assessors value (which only means he didn’t challenge it) means anything for FMV. Yikes.
This post was edited on 10/8/23 at 4:30 pm
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135710 posts
Posted on 10/8/23 at 4:30 pm to
quote:

Surely you know the DAs position.
I'd not make that assumption for him.
Posted by Antoninus
Ravenna
Member since Sep 2023
1089 posts
Posted on 10/8/23 at 4:31 pm to
quote:

Both
Sure
quote:

What is the value of Mar-a-lago.
I have no idea, and (again) the judge made no finding as to its value.
quote:

What is Judge Snaggletooth's expertise in overcalling previous assessments?
None of which I am aware. That is not his role. His role was to examine the admissible summary judgment evidence.
Posted by BBONDS25
Member since Mar 2008
57164 posts
Posted on 10/8/23 at 4:34 pm to
quote:

Im sorry but when you say a property is worth over half a billion 12 years ago, and it ain't worth that even today, that's fraud plain and simple.


You have zero clue if this is true. There are “experts” that range the value from 250MM to over a billion. Not a single “expert” values it at 27MM. The fact valuation experts for such a unique property reasonably have a wide range is pretty strong evidence there was no fraud. Do you think the banks just took Trump’s word for it? Have you ever applied for a loan?


quote:

Hell they even got the executive to admit it on the stand that he knew but didn't want to get fired so he went along with it.


Not true. He said he used a value he would use for a private residence. It is not helpful to your wishes. MAL is not just a private residence but also an income producing property as well.

quote:

It shouldn't come as a shock to anyone that Trump runs his business shady as frick.


You have zero clue if this is true. You simply repeat what cnn tells you. As evidenced by your confusion on valuations.
This post was edited on 10/8/23 at 4:36 pm
Posted by TBoy
Kalamazoo
Member since Dec 2007
27584 posts
Posted on 10/8/23 at 4:34 pm to
quote:

low-t is simply repeating (copying and pasting?) stuff he sees on DU…aka - the cesspool of humanity.

Actually, I get my information from the court’s ruling. If you want to understand a ruling, read the ruling, don’t just repeat right wing talking points
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