Friday, October 9, 2020

Trump's $21 Million NY Tax Break Under Investigation



Peter Cass and John Heore/The Journal News: Seven Springs Estate in North Castle has 60 rooms, 15 bedrooms, an indoor swimming pool made of mable.

In Exchange for Setting Aside this Land on his Estate known as Seven Springs, Trump received the Tax Break, according to Court Documents.

Trump got a $21 Million Tax Break for Saving the Forest Outside his NY Mansion.

Now the Deal is under New York Attorney Journal Investigation.

The Size of Trump’s Tax Windfall was set by a 2016 Appraisal that Valued Seven Springs at $56.5 Million, more than Double the Tax Value Assessed by the Three Westchester County Towns that each contained a Piece of the Property.

The Valuation has now become a Focal Point of another Investigations facing Trump as he heads into the November Elections.

New York Attorney General, Letitia James (D), is Investigating whether the Trump Organization Improperly Inflated the Value of Seven Springs as part of the Conservation Easement on the Property.

The Seven Springs Appraisal appears to have relied on Unsupported Assertions and Misleading Conclusions.










NYC Wins When Everyone Can Vote! Michael H. Drucker


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