October 9, 2020

THE TIGHTENING NOOSE:

Trump under investigation for improperly inflating value of land deal that got him a $21 million tax break  (Sky Palma , 10/09/20, rAW sTORY)

According to a new report from the Washington Post, a promise Donald Trump made 5 years ago to preserve the forest around his luxurious mansion in Westchester County, New York, got him a $21.1 million tax break. Now, an investigation is underway to determine if he inflated the value of the land.

"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 value assessed by the three Westchester county towns that each contained a piece of the property," the Post reports. "The valuation has now become a focal point of what could be one of the most consequential investigations facing President Trump as he heads into the election."

Posted by at October 9, 2020 1:27 PM

  

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