Trump NY indictment thread

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Indus

Lifer
May 11, 2002
10,138
6,747
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If Trump sells his properties he has to pay taxes. If NYS takes them do they have to reduce taxes after the sale or is it considered at the full value?

They have to reduce the taxes.. the government wants it money.. taxes and penalties!
 

manly

Lifer
Jan 25, 2000
11,162
2,254
136
If Trump sells his properties he has to pay taxes. If NYS takes them do they have to reduce taxes after the sale or is it considered at the full value?
When's the last time DJT paid taxes above some nominal amount? :tearsofjoy: I have no idea what the answer to your question is, but I do know Trump will argue he gets credit for the full value of his property. With his bogus markup that was the primary basis for this fraud case to begin with LOL.

As some mentioned above, don't expect "For sale" signs to be posted on Monday. AG James can place a lien on his NY properties but nothing will be resolved imminently. DJT no doubt is hoping one of his appeals will succeed; bankruptcy is one of the last options on the table.
 

K1052

Elite Member
Aug 21, 2003
46,286
33,564
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The most likely thing for James to go after first is money in Trump bank accounts. Much easier and cleaner than real estate stuff, if not as emotionally satisfying.

I think that if he had enough cash and equities to satisfy the judgement he could have secured a bond. At least some property seizures seem likely.
 

fskimospy

Elite Member
Mar 10, 2006
84,251
48,452
136
I think that if he had enough cash and equities to satisfy the judgement he could have secured a bond. At least some property seizures seem likely.
Oh I don’t think he has enough cash to satisfy the full judgment but I’m sure he has some cash available so it makes sense for James to start with that as there’s no need to auction anything.
 

outriding

Diamond Member
Feb 20, 2002
3,143
2,242
136
Probably about being able to pay employees

I don’t think trump is paying his employees out of his personal savings account and the income from his companies should be paying for the salaries for his employees…

Remember he has said he is the best businessman ever

He should be allowed to keep the same amount of money as his lowest paid full time employee
 
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Stopsignhank

Platinum Member
Mar 1, 2014
2,295
1,448
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Oh I don’t think he has enough cash to satisfy the full judgment but I’m sure he has some cash available so it makes sense for James to start with that as there’s no need to auction anything.
If look you my previous post in the thread, he posted on Truth Social on Friday that he has $500 Million in cash. So he claims he does in fact does have enough money to satisfy the bond.
 

fskimospy

Elite Member
Mar 10, 2006
84,251
48,452
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If look you my previous post in the thread, he posted on Truth Social on Friday that he has $500 Million in cash. So he claims he does in fact does have enough money to satisfy the bond.
Yes but it is obvious he is lying. If he’s not lying in his post then he’s going to be in a heap more legal trouble for lying to the court.
 

manly

Lifer
Jan 25, 2000
11,162
2,254
136
I don’t think trump is paying his employees out of his personal savings account and the income from his companies should be paying for the salaries for his employees…

Remember he has said he is the best businessman ever

He should be allowed to keep the same amount of money as his lowest paid full time employee
The Trump Org is essentially a crime family, so there's really little difference between its accounts and Trump's personal wealth.

And what income? :tearsofjoy:
 

uallas5

Golden Member
Jun 3, 2005
1,438
1,566
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I bet if James offered to reduce the amount he owes to $100 under the condition he holds a press conference and just admits he's broke. I doubt he could do it lol.
When Trump's yacht was repo'd for non-payment, he released a statement to the NYC newspapers that he had "sold" it back to the bank for a "profit". He is pathologically incapable of admitting that he's not as rich as he thinks he is.
 

fskimospy

Elite Member
Mar 10, 2006
84,251
48,452
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I’ve seen a bunch of articles in the last few days about ‘it’s going to be hard for New York to seize Trump’s properties’ and I feel like the author is either a moron or it’s deliberate clickbait.

The basic premise is that the properties are already highly leveraged and other creditors are ahead of NYS in line to be paid if they are sold so the state might not see that much money from an individual sale.

Do people not realize that’s not a state problem, but Trump’s problem? All that means is they have to seize even more of his properties. lol.
 

pete6032

Diamond Member
Dec 3, 2010
7,530
3,078
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I’ve seen a bunch of articles in the last few days about ‘it’s going to be hard for New York to seize Trump’s properties’ and I feel like the author is either a moron or it’s deliberate clickbait.

The basic premise is that the properties are already highly leveraged and other creditors are ahead of NYS in line to be paid if they are sold so the state might not see that much money from an individual sale.

Do people not realize that’s not a state problem, but Trump’s problem? All that means is they have to seize even more of his properties. lol.
I would imagine there would be a lot of difficulty in assessing the value of the seized properties if multiple creditors claim a stake in the property if he cannot pay them. The State would need to know not only the market value of the property but the market value of the portion the State could actually seize.