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Diotima 76 points ago +76 / -0

Why exactly are they trying to access Trumps financial records? What criminal investigation is trying to reach back into Mazars records and how is the President involved?

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deleted 51 points ago +52 / -1
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Diotima 55 points ago +55 / -0

saw details here https://nypost.com/2020/07/09/scotus-rules-ny-prosecutors-can-access-trumps-financial-records/

Cohen, who turned over years of financial statements to the committee, also said Trump undervalued his assets to reduce his real estate taxes — prompting Congress to issue subpoenas of his financial records dating back to 2009.

Manhattan district attorney Cy Vance’s office last September also subpoenaed Trump’s longtime accounting company Mazars USA for eight years of his financial records and tax returns as part of an investigation into whether he paid hush-money before the 2016 election to several women whom he allegedly had affairs.

The payments would be a potential violation of campaign finance laws.

They're still going after the Stormy Daniels angle... LOL

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Mainwar 33 points ago +34 / -1

Don't forget, Jerry Ompaloompa Nadler has been fighting President Trump in NY since the 80's. I guarantee you that Nadler is working with the Prosecutors office and...there is no way he could undervalue his assets... that valuation is not taxable unless a transaction occurs... THEN you have the transaction records to go by. I bet my last dollar that President Trumps finances are spot on. They HAVE to be to get the money moved he did.

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ShalomRPh 6 points ago +6 / -0

I remember that. Nadler's pet project was to build above the West Side Yards, but Trump owned the air rights to that and he said Nix.

The rest of the Dems loved Trump until the day he came down the escalater. but Nadler's had it in for him for decades.

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randomusename 4 points ago +4 / -0

That has to be all public info tho. The property tax values should be public already on the tax rolls. They could do this without tax records.

Property assessed values for NYC seem to be here: https://www1.nyc.gov/site/finance/taxes/property-assessments.page

14
adawk91 14 points ago +14 / -0

this doesn’t make sense to me regarding the undervaluing of assets- every jurisdiction i have ever lived in has an assessor that pretty much unilaterally decides how much the taxable value of your property is. you get a bill that says “pay this amount or we will kick you off this land and take you to jail”

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Foreign_Aid_is_Theft 6 points ago +6 / -0

It's ridiculous too. Properties are held at different values for different reasons BY LAW. Depending on the assets, they may be held at cost or Fair Market Value. In the case of homesteads, there are other rules like a cap on the amount the tax assessor can increase the value of the property from year to year.

Companies may report assets on their financial disclosures that is different than how they would internally value the assets because of accounting rules.

Because of the long period of time, there are likely assets that were impaired during a real estate slump that are still on the books at reduced values and would not be written up to FMV until sold.

I am not an accountant, but familiar with different accounting rules and standards.

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goingbigly 12 points ago +13 / -1

Property taxes are decided by the municipality, not the property owner. Trump could say his property is worth $1. The municipality would then come back and say no it’s worth 2 billion dollars. They then go to an arbitrator to decide the value and tat value is what property taxes are based on. This entire accusation is directed toward anyone that has never owned property and has no idea how these things work.

And as far as the payments go. This was paid for with a check, and how would taxes from 8 years ago have anything to do with a campaign finance violation? Was trump running for office in 2012? This is completely political and will obviously leak from Cy Vances office in an attempt to hurt the president and nobody will be held accountable.

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malthrax 5 points ago +5 / -0

This entire accusation is directed toward anyone that has never owned property and has no idea how these things work.

a.k.a. "Democrats"

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DaLaohu 10 points ago +10 / -0

The investigation launched by Vance’s office in 2018 into Trump and the Trump Organization was spurred by disclosures of hush payments to two women who said they had past sexual relationships with him, pornographic film actress Stormy Daniels and former Playboy model Karen McDougal. Trump and his aides have denied the relationships.

Guys. It's over. We never voted for Trump knowing that he was a playboy billionare.

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Pelosis_xanax 7 points ago +7 / -0

I can see the headlines now: "Billionaire bangs women back when they were hot."

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Pelosis_xanax 5 points ago +6 / -1

Here's what I don't get - is that illegal? Is it illegal to toss some money at a woman so that she wont tell anyone about an affair?

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deleted 9 points ago +9 / -0
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OneOfMany_MAGA 7 points ago +7 / -0

And every municipality overvalued the asset.

I bought my child a used car from a rental agency for $12k. My city said for tax purposes it is worth $25k. This car doesn’t even cost that much brand new. I filed an appeal including my bill of sale as proof of fair market value, and now its up to them to agree or deny. But come on. They know these values they use are outrageously inflated. They are not based on blue book values but rather a special contractor they pay to issue overvalued estimates of all property.

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eatenbyagrue 11 points ago +11 / -0

His wifi network name?

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ParticleCannon 12 points ago +12 / -0

Not_Hillarys_Wifi

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MaxineWaters4Prez 9 points ago +10 / -1

Epsteins_wifi_didnt_disconnect_itself

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bigdeer65 2 points ago +2 / -0

😂

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MegaMagaManX 9 points ago +9 / -0

Like his Wi-Fi network service set identifier? Not sure what you mean by SSID

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deleted 1 point ago +1 / -0
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ShitOfPeace 22 points ago +22 / -0

If you think the prosecutor doesn't want to leak the returns to benefit Democrats I have a bridge in Brooklyn to sell you.

2
ShalomRPh 2 points ago +2 / -0

That bridge, except for the Brooklyn on-ramp, is entirely in Manhattan, though... the border between the two boroughs is actually the Brooklyn/Queens bulkhead line, not in the middle of the river where you'd expect it to be.

This has a weird consequence: they wanted to build a big box store, a Costco or Home Depot or similar, in Long Island City on piles in the river. The result would have been a store legally in Manhattan, with the parking lot in Queens.

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olthoi_jelly 2 points ago +2 / -0

No need, I already own that bridge. My ancestors dug a hole there and crapped in it 400 years ago so it's mine now. Thank you Supreme court.

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DemsFuckKids 12 points ago +12 / -0

double peach mint attempt

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Tellsyouhow 7 points ago +7 / -0

They want to expose him paying hush money to Playboy models he allegedly banged.

Doesn't matter, still voting Trump

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deleted 2 points ago +2 / -0