Re: Dispatches from Clown World: Actual NY Times Headline

In article <6pv50jlju65cqqudaqels4bmif82852roh@4ax.com>,
 shawn <nanoflower@notforg.m.a.i.l.com> wrote:

On Tue, 26 Mar 2024 16:15:44 -0000 (UTC), "Adam H. Kerman"
<ahk@chinet.com> wrote:
 

suzeeq <suzee@imbris.com> wrote:

On 3/26/2024 4:22 AM, NoBody wrote:

On Tue, 26 Mar 2024 00:43:03 +0000, BTR1701 <atropos@mac.com> wrote:

>

Wait a minute. Trump's civil fraud verdict was based on the notion he
systematically gave an incorrect valuation to his properties in order to
deceive lenders (even though all lenders were repaid and none of them
ever
made complaints against him and all said they'd do business with him
again).

>

Now, the New York Times admits that reaching a proper valuation for
Trump's
buildings is a "guessing game".

>

https://ibb.co/tJkZL5d

>

Untangling Trump's Real Estate
Donald Trump owes $454 million by Monday or risks losing some
properties. But experts say valuing the buildings would be a guessing
game.

>

Well a liberal judge who decided upon guilt before the trial began
(and stated so at the start) guessed at the value of everything and
declared that the offense was so terrible that it required a
ridiculous fine that you have to post in full if you want to appeal
his stupidity.

>

About sums the whole thing up.

>

It's normal for a bond for the whole fine, plus interest, to be posted
for an appeal. He was already found guilty of fraud last year, the
latest trial was to determine the amount of the fine. They figured it
out by determining the amount of taxes that would have been owed, plus
the amount of interest on loans if the real amount of the property had
been stated in the first place.

>
Do you have the URL of that news article that you just read?
>
I didn't know the fraud case was also about underpayment of state taxes,
and I'm not sure how Trump's mis-appraisal resulted in a larger
underpayment of taxes. If he overstated the value, then his assessment
was too high and he overpaid property taxes.

 
He overstated the value to the banks and understated (or stated
correctly) the value to the IRS.

The IRS is a federal agency. How does the state of New York have
jurisdiction to prosecute a federal tax case?