What the judge in the Mar-A-Largo case said..."“Please, press, stop saying that I valued it at $18 million!"

[Curried Goats]

You ought to change the color of your fist from rainbow to brown. Ask your tranny friends. They will tell you.

No one knows what's going on in your imagination other than you you dummy.

 

[Lastamender]

No one is going to do any of that you frightened little Bingo.

I am not frightened. You seem to be.

 

[Curried Goats]

I am not frightened. You seem to be.

Do I? Did you gather that as you were warning everyone that liberals were coming for their cars, their property and are going to force them to ration food?

 

[Lastamender]

Do I? Did you gather that as you were warning everyone that liberals were coming for their cars, their property and are going to force them to ration food?

I am just stating fact. it is a logical progression when they see fools like you hanging on every word they say even when they are proven to be lies. You are a slave already.

 

[Curried Goats]

I am just stating fact. it is a logical progression when they see fools like you hanging on every word they say even when they are proven to be lies. You are a slave already.

In what way other than fantasy has anything I said been proven as lies? Trump is losing in court every damn day. That's the reality. Deal with it you snowflake.

 

[Catsnmeters]

President Trump defends the true value of Mar-A-Lago in this tweet:

"I've been defrauded with the judge that ruled that a property is worth $18 million when in fact it's worth over a billion, probably a billion and a half."


Now you anti-trumpers, ignorant of market value believe Trump is lying.
FACTS folks:
A nearby vacant lot (2.3 acres) is for sale on Zillow for $200 million," John LeFevre, a former investment banker who created the Goldman Sachs Elevator social media account, wrote alongside a screengrab of the listing. "Mar-a-Lago sits on 17 acres, with waterfront on both sides."

He added: "The primary point is this: The lending bank is required to get a valuation from a third party to cover its LTV calculation. No one had an issue with any of this. Everyone made money...Until an activist [District Attorney] came along decades later," a reference to Letitia James, who brought the case.

How much is Mar-a-Lago worth? Valuation of Trump property raises questions

The disparity between the former president's valuation of his Florida estate and that of a local assessor has prompted speculation as to its true worth.

www.newsweek.com

Multiply 17 acres X $100,000,000 equals $1,700,000,000.
FACTS folks..Even the judge is saying...
“Please, press, stop saying that I valued it at $18 million,” Engoron pleaded, as the trial kicked off in Manhattan Supreme Court in New York Attorney General Letitia James’ $250 million lawsuit against the former president, the Trump Organization and sons Eric Trump and Donald Trump Jr.

Judge at Trump civil fraud trial implores media to stop saying he valued Mar-a-Lago at $18M

A judge deciding Donald Trump’s fate in a $250 million civil fraud case implored the media to stop saying he valued Mar-a-Lago at $18 million.

nypost.com

So why does the biased MSM still insist that the Judge valued at $18 million??

BIASED MSM at play. Again as I wrote yesterday ABC NEVER ONCE mentioned anything of the above regarding the value of Mar-A-Largo! If 2 acres goes for $200 million????

1. The judge did not value his home at that price. The assessor did.

2. In 2020 the assessor valued it at 26 million. Trump complained that that valuation was to high so his tax burden would be less

3. After claiming that 26 million was to high of a valuation, Trump told the banks it's value was 600 million so he could secure larger loans at better rates.

4. You can't compare private home values to mar a Lago because mar a Lago is not a residence, it is a club and can't be a residence. Commerical property's are not worth near the value of a private residence.

5. Mar a Lago is just one of multiple examples of Trump's fraud. It was done at multiple properties consistently for years.

6. Whether anyone was harmed by Trump's lies is not relevant. It is not a predicate for the crime Trump has been found to have done.

 

[Lastamender]

In what way other than fantasy has anything I said been proven as lies? Trump is losing in court every damn day. That's the reality. Deal with it you snowflake.

This is bigger than Trump. You are not capable of thinking past your brown nose.

 

[healthmyths]

We don't live in your fantasy world you sad sad snowflake. We live in the real world. Crying little bitch doesn't automatically make your political opponents corrupt nor does it have any bearing on the real world whatsoever. In the real world when you file your taxes with one valuation of your property and apply for loans with another that's called fraud you stupid Simp. It isn't more complicated than that.

Then EVERY SINGLE public corporation executives should be put in jail for fraud !
Are you aware that there are at the minimum two separate sets of books kept by public corporations?

Is it OK to Keep Two Sets of Books? A Primer on Deferred Tax Assets​

One set of books is for the financial statements that they present to shareholders when they file their quarterly reports with the U.S. SEC, and that set is prepared according to GAAP (generally accepted accounting principles).
The other set is the books they keep to pay their taxes to the IRS.

Is it OK to Keep Two Sets of Books? A Primer on Deferred Tax Assets

One of the dirty little secrets of finance is that publicly traded corporations maintain two different sets of “books,” or accounting ledgers. Before you get all riled up and start calling various attorney generals’ offices, understand that it is perfectly legal and normal. One set of books is...

blogs.cfainstitute.org

 

[Catsnmeters]

Who was defrauded, you retarded tranny?

Who cares? Irrelevant.

But to answer your question, banks were harmed. People applying for loans were harmed. Tax payers were harmed.

 

[BackAgain]

President Trump defends the true value of Mar-A-Lago in this tweet:

"I've been defrauded with the judge that ruled that a property is worth $18 million when in fact it's worth over a billion, probably a billion and a half."


Now you anti-trumpers, ignorant of market value believe Trump is lying.
FACTS folks:
A nearby vacant lot (2.3 acres) is for sale on Zillow for $200 million," John LeFevre, a former investment banker who created the Goldman Sachs Elevator social media account, wrote alongside a screengrab of the listing. "Mar-a-Lago sits on 17 acres, with waterfront on both sides."

He added: "The primary point is this: The lending bank is required to get a valuation from a third party to cover its LTV calculation. No one had an issue with any of this. Everyone made money...Until an activist [District Attorney] came along decades later," a reference to Letitia James, who brought the case.

How much is Mar-a-Lago worth? Valuation of Trump property raises questions

The disparity between the former president's valuation of his Florida estate and that of a local assessor has prompted speculation as to its true worth.

www.newsweek.com

Multiply 17 acres X $100,000,000 equals $1,700,000,000.
FACTS folks..Even the judge is saying...
“Please, press, stop saying that I valued it at $18 million,” Engoron pleaded, as the trial kicked off in Manhattan Supreme Court in New York Attorney General Letitia James’ $250 million lawsuit against the former president, the Trump Organization and sons Eric Trump and Donald Trump Jr.

Judge at Trump civil fraud trial implores media to stop saying he valued Mar-a-Lago at $18M

A judge deciding Donald Trump’s fate in a $250 million civil fraud case implored the media to stop saying he valued Mar-a-Lago at $18 million.

nypost.com

So why does the biased MSM still insist that the Judge valued at $18 million??

BIASED MSM at play. Again as I wrote yesterday ABC NEVER ONCE mentioned anything of the above regarding the value of Mar-A-Largo! If 2 acres goes for $200 million????

Because he did. He obviously accepted the assessor’s ridiculous valuation and now he sees that it was a retarded thing to do. So, he’s back-peddling like a motherfucker.

 

[healthmyths]

1. The judge did not value his home at that price. The assessor did.

2. In 2020 the assessor valued it at 26 million. Trump complained that that valuation was to high so his tax burden would be less

3. After claiming that 26 million was to high of a valuation, Trump told the banks it's value was 600 million so he could secure larger loans at better rates.

4. You can't compare private home values to mar a Lago because mar a Lago is not a residence, it is a club and can't be a residence. Commerical property's are not worth near the value of a private residence.

5. Mar a Lago is just one of multiple examples of Trump's fraud. It was done at multiple properties consistently for years.

6. Whether anyone was harmed by Trump's lies is not relevant. It is not a predicate for the crime Trump has been found to have done.

Then every single public corporation should be jailed for fraud!

Is it OK to Keep Two Sets of Books? A Primer on Deferred Tax Assets

One of the dirty little secrets of finance is that publicly traded corporations maintain two different sets of “books,” or accounting ledgers. Before you get all riled up and start calling various attorney generals’ offices, understand that it is perfectly legal and normal. One set of books is...

blogs.cfainstitute.org

One of the dirty little secrets of finance is that publicly traded corporations maintain two different sets of “books,” or accounting ledgers. Before you get all riled up and start calling various attorney generals’ offices, understand that it is perfectly legal and normal.

One set of books is for the financial statements that they present to shareholders when they file their quarterly reports with the U.S. SEC, and that set is prepared according to GAAP (generally accepted accounting principles). The other set is the books they keep to pay their taxes to the IRS.

The government, it turns out, doesn’t much care for “generally accepted” and is often only concerned with what actually happened. It usually doesn’t want to hear about “estimates.” GAAP, on the other hand, actually requires management to make estimates of both revenues and expenses all the time.

GAAP vs. IRS Accounting
One of the most common differences between GAAP and IRS accounting rules is the amount of depreciation expense a company is allowed to take on its equipment. For the most part, companies try to stick to the “matching principle” in accounting. That is, they try to match when the revenue is generated with when the expense is incurred. This matching helps them plan for capital expenditures in the future.

Airlines, for instance, don’t recognize the expense of a new airplane in the period when it is delivered to them but instead stretch the expense out over the years of service that the plane will be used to generate revenue.

 

[healthmyths]

Because he did. He obviously accepted the assessor’s ridiculous valuation and now he sees that it was a retarded thing to do. So, he’s back-peddling like a motherfucker.

Then so are every single executive of public corporations... Apple, Microsoft... to name a few ... throw them into jail!

Is it OK to Keep Two Sets of Books? A Primer on Deferred Tax Assets

One of the dirty little secrets of finance is that publicly traded corporations maintain two different sets of “books,” or accounting ledgers. Before you get all riled up and start calling various attorney generals’ offices, understand that it is perfectly legal and normal. One set of books is...

blogs.cfainstitute.org

One of the dirty little secrets of finance is that publicly traded corporations maintain two different sets of “books,” or accounting ledgers. Before you get all riled up and start calling various attorney generals’ offices, understand that it is perfectly legal and normal.

One set of books is for the financial statements that they present to shareholders when they file their quarterly reports with the U.S. SEC, and that set is prepared according to GAAP (generally accepted accounting principles). The other set is the books they keep to pay their taxes to the IRS.

The government, it turns out, doesn’t much care for “generally accepted” and is often only concerned with what actually happened. It usually doesn’t want to hear about “estimates.” GAAP, on the other hand, actually requires management to make estimates of both revenues and expenses all the time.

GAAP vs. IRS Accounting
One of the most common differences between GAAP and IRS accounting rules is the amount of depreciation expense a company is allowed to take on its equipment. For the most part, companies try to stick to the “matching principle” in accounting. That is, they try to match when the revenue is generated with when the expense is incurred. This matching helps them plan for capital expenditures in the future.

Airlines, for instance, don’t recognize the expense of a new airplane in the period when it is delivered to them but instead stretch the expense out over the years of service that the plane will be used to generate revenue.

 

[Catsnmeters]

Then every single public corporation should be jailed for fraud!

Is it OK to Keep Two Sets of Books? A Primer on Deferred Tax Assets

One of the dirty little secrets of finance is that publicly traded corporations maintain two different sets of “books,” or accounting ledgers. Before you get all riled up and start calling various attorney generals’ offices, understand that it is perfectly legal and normal. One set of books is...

blogs.cfainstitute.org

One of the dirty little secrets of finance is that publicly traded corporations maintain two different sets of “books,” or accounting ledgers. Before you get all riled up and start calling various attorney generals’ offices, understand that it is perfectly legal and normal.

One set of books is for the financial statements that they present to shareholders when they file their quarterly reports with the U.S. SEC, and that set is prepared according to GAAP (generally accepted accounting principles). The other set is the books they keep to pay their taxes to the IRS.

The government, it turns out, doesn’t much care for “generally accepted” and is often only concerned with what actually happened. It usually doesn’t want to hear about “estimates.” GAAP, on the other hand, actually requires management to make estimates of both revenues and expenses all the time.

GAAP vs. IRS Accounting
One of the most common differences between GAAP and IRS accounting rules is the amount of depreciation expense a company is allowed to take on its equipment. For the most part, companies try to stick to the “matching principle” in accounting. That is, they try to match when the revenue is generated with when the expense is incurred. This matching helps them plan for capital expenditures in the future.

Airlines, for instance, don’t recognize the expense of a new airplane in the period when it is delivered to them but instead stretch the expense out over the years of service that the plane will be used to generate revenue.

What does depreciation have to do with anything?

 

[Curried Goats]

This is bigger than Trump. You are not capable of thinking past your brown nose.

We are all well aware that your stupid extends beyond Trump. We're just pointing out that a court of law is where your stupid goes to die.

 

[WEATHER53]

President Trump defends the true value of Mar-A-Lago in this tweet:

"I've been defrauded with the judge that ruled that a property is worth $18 million when in fact it's worth over a billion, probably a billion and a half."


Now you anti-trumpers, ignorant of market value believe Trump is lying.
FACTS folks:
A nearby vacant lot (2.3 acres) is for sale on Zillow for $200 million," John LeFevre, a former investment banker who created the Goldman Sachs Elevator social media account, wrote alongside a screengrab of the listing. "Mar-a-Lago sits on 17 acres, with waterfront on both sides."

He added: "The primary point is this: The lending bank is required to get a valuation from a third party to cover its LTV calculation. No one had an issue with any of this. Everyone made money...Until an activist [District Attorney] came along decades later," a reference to Letitia James, who brought the case.

How much is Mar-a-Lago worth? Valuation of Trump property raises questions

The disparity between the former president's valuation of his Florida estate and that of a local assessor has prompted speculation as to its true worth.

www.newsweek.com

Multiply 17 acres X $100,000,000 equals $1,700,000,000.
FACTS folks..Even the judge is saying...
“Please, press, stop saying that I valued it at $18 million,” Engoron pleaded, as the trial kicked off in Manhattan Supreme Court in New York Attorney General Letitia James’ $250 million lawsuit against the former president, the Trump Organization and sons Eric Trump and Donald Trump Jr.

Judge at Trump civil fraud trial implores media to stop saying he valued Mar-a-Lago at $18M

A judge deciding Donald Trump’s fate in a $250 million civil fraud case implored the media to stop saying he valued Mar-a-Lago at $18 million.

nypost.com

So why does the biased MSM still insist that the Judge valued at $18 million??

BIASED MSM at play. Again as I wrote yesterday ABC NEVER ONCE mentioned anything of the above regarding the value of Mar-A-Largo! If 2 acres goes for $200 million????

Exactly exactly exactly the fact that I have stated over and over. Banks are Very Big Boys. They take care of themselves. This judge, in arrogant hindsight, is playing Nanny for the bank when the bank itself didn’t need nor want to.

 

[WEATHER53]

1. The judge did not value his home at that price. The assessor did.

2. In 2020 the assessor valued it at 26 million. Trump complained that that valuation was to high so his tax burden would be less

3. After claiming that 26 million was to high of a valuation, Trump told the banks it's value was 600 million so he could secure larger loans at better rates.

4. You can't compare private home values to mar a Lago because mar a Lago is not a residence, it is a club and can't be a residence. Commerical property's are not worth near the value of a private residence.

5. Mar a Lago is just one of multiple examples of Trump's fraud. It was done at multiple properties consistently for years.

6. Whether anyone was harmed by Trump's lies is not relevant. It is not a predicate for the crime Trump has been found to have done.

You need to know how things actually work before sharing you feelings about how you feel they should work
Residential more valuable than commercial?
Nowhere in the USA.

 

[Nostra]

I'd buy it for a dollar.

You couldn't get financed.

 

[Nostra]

The government and the people of the State of New York you dummy. It tells you right on top of the legal filings you illiterate fucktard.

How? What did they lose?

 

[Catsnmeters]

You need to know how things actually work before sharing you feelings about how you feel they should work
Residential more valuable than commercial?
Nowhere in the USA.

To remedy your ignitance from the link...

"That's because local property taxes are higher for properties that are worth more. Mar-a-Lago's valuation is reflective of a property that is not a residence (even though Trump uses it as one).

"Mar-a-Lago is deed restricted as a private club. The deed itself is restricted, it can't be used for any other purpose, as such our office values it as we value the other private clubs in Palm Beach County," Haltermon Robinson said.

Deed restrictions can hurt a property's value, said Eli Beracha, the director of Florida International University's Hollo School of Real Estate.

"Clearly, when you have restrictions on a property, it'll only decrease, not increase the value of the property," Beracha said. "Every time you limit basically what the property can be, the chances are that it decreases the value."

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.cbsnews.com/amp/news/trump-mar-a-lago-1-8-billion-own-company-said-it-was-too-high/&ved=2ahUKEwiZvqr1w9qBAxWWOjQIHW8qATcQFnoECBsQAQ&usg=AOvVaw0j57FjrsIz-AWAwiICF_mx

Let's not forget that Trump at one point argued that 26 million was too high of a valuation for tax purposes...then the same year he said was worth 600 million for loan purposes.

 

[Nostra]

1. The judge did not value his home at that price. The assessor did.

2. In 2020 the assessor valued it at 26 million. Trump complained that that valuation was to high so his tax burden would be less

3. After claiming that 26 million was to high of a valuation, Trump told the banks it's value was 600 million so he could secure larger loans at better rates.

4. You can't compare private home values to mar a Lago because mar a Lago is not a residence, it is a club and can't be a residence. Commerical property's are not worth near the value of a private residence.

5. Mar a Lago is just one of multiple examples of Trump's fraud. It was done at multiple properties consistently for years.

6. Whether anyone was harmed by Trump's lies is not relevant. It is not a predicate for the crime Trump has been found to have done.

Banks are required to get their own appraisal, Halfwit.