Donald Trump’s attorneys tried to value a luxurious golf course in tony Westchester County, New York, that he bragged was worth “at least $50 million” at only $1.35 million for tax purposes. I bet he wouldn’t sell it to you for that. Of course, his motive is clear enough:
“The proposed valuation has bewildered officials in the small town of Ossining, who said the new figure would cut Trump’s tax burden by 90 percent and dump that burden on everyone else. ‘Trump says he represents the little guy, but the little guy is going to have to pay his taxes for him here in Ossining,’ said Dana Levenberg, the Ossining town supervisor.”
(Read story here.) Of course, this isn’t surprising, as Trump brags about his tax-dodging and bankruptcies the same way some people brag about their traffic tickets and parole violations. In fact, Trump promises to put the U.S. government another $10 trillion in debt and then default on it. His idea of finance is to screw his creditors. Would you lend money to someone who promises to not repay it? Well, then, why would you vote for that guy?