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Trump's Company Is Suing Towns Across the Country to Get Breaks on Taxes -- "Trump, Inc." Podcast
This is great work by @ProPublica! Their "Trump Inc." podcast has really invigorated the reporting on the Trump Org., b/c they break new ground and b/c they invite other reporters to come on and talk about their work.
Link to tweet
1/ Trump is suing towns across the country to get breaks on taxes.
We found nine suits his company has brought **since Trump became president.**
https://www.propublica.org/article/trump-inc-podcast-trump-organization-suing-towns-property-tax-breaks …
4:03 AM - 11 Apr 2018
Link to tweet
TRUMP, INC.
Trump’s Company Is Suing Towns Across the Country to Get Breaks on Taxes — “Trump, Inc.” Podcast
Why is Trump’s business arguing its properties are worth just a fraction of what Trump has claimed they are on his own financial disclosures? To save on taxes.
by Katherine Sullivan April 11, 4 a.m. EDT
Find “Trump, Inc.” wherever you get your podcasts.
President Donald Trump is famous for bragging about his net worth. Publicly, he claims he’s worth more than $10 billion. He even sued an author over the issue and lobbied the editors of Forbes about his ranking on their billionaires list.
Yet quietly in another setting, the Trump Organization says the president’s holdings are worth far less than he has proclaimed. Across the country, the Trump Organization is suing local governments, claiming its owes much less in property taxes than government assessors say because its properties are worth much less than they’ve been valued at. In just one example, the company has asserted that its gleaming waterfront skyscraper in Chicago is worth less than than its assessed value, in part because its retail space is failing and worth less than nothing.
Since becoming president, Trump’s companies have filed at least nine new lawsuits against municipalities in Florida, New York and Illinois, arguing for lower tax bills, ProPublica has found. Some of those lawsuits have been previously reported. At stake is millions of dollars that communities use to fund roads, schools and police departments.
Real estate owners dispute property taxes frequently, and some even sue. The president has a long track record of doing so himself. But experts are troubled that he’s doing so while in office. ... No president in modern times has owned a business involved in legal battles with local governments. “The idea that the president would have these interests and then those companies would sue localities is really a dangerous precedent,” says Larry Noble, of the nonpartisan Campaign Legal Center. The dynamic between local and federal governments is impossible to ignore in these cases, says Noble. Municipalities “rely on resources from the federal government and the federal government can make your life easier or much more difficult.” The concern arises because the president did not fully separate from his businesses, he says.
....
You can contact us via Signal, WhatsApp or voicemail at 347-244-2134. Here’s more about how you can contact us securely.
You can always email us at tips@trumpincpodcast.org.
And finally, you can use the postal service:
Trump Inc at ProPublica
155 Ave of the Americas, 13th Floor
New York, NY 10013
”Trump, Inc.” is a production of WNYC Studios and ProPublica. Support our work by visiting donate.propublica.org or by becoming a supporting member of WNYC. Subscribe here or wherever you get your podcasts.
Filed under: The Trump Administration
Trump’s Company Is Suing Towns Across the Country to Get Breaks on Taxes — “Trump, Inc.” Podcast
Why is Trump’s business arguing its properties are worth just a fraction of what Trump has claimed they are on his own financial disclosures? To save on taxes.
by Katherine Sullivan April 11, 4 a.m. EDT
Find “Trump, Inc.” wherever you get your podcasts.
President Donald Trump is famous for bragging about his net worth. Publicly, he claims he’s worth more than $10 billion. He even sued an author over the issue and lobbied the editors of Forbes about his ranking on their billionaires list.
Yet quietly in another setting, the Trump Organization says the president’s holdings are worth far less than he has proclaimed. Across the country, the Trump Organization is suing local governments, claiming its owes much less in property taxes than government assessors say because its properties are worth much less than they’ve been valued at. In just one example, the company has asserted that its gleaming waterfront skyscraper in Chicago is worth less than than its assessed value, in part because its retail space is failing and worth less than nothing.
Since becoming president, Trump’s companies have filed at least nine new lawsuits against municipalities in Florida, New York and Illinois, arguing for lower tax bills, ProPublica has found. Some of those lawsuits have been previously reported. At stake is millions of dollars that communities use to fund roads, schools and police departments.
Real estate owners dispute property taxes frequently, and some even sue. The president has a long track record of doing so himself. But experts are troubled that he’s doing so while in office. ... No president in modern times has owned a business involved in legal battles with local governments. “The idea that the president would have these interests and then those companies would sue localities is really a dangerous precedent,” says Larry Noble, of the nonpartisan Campaign Legal Center. The dynamic between local and federal governments is impossible to ignore in these cases, says Noble. Municipalities “rely on resources from the federal government and the federal government can make your life easier or much more difficult.” The concern arises because the president did not fully separate from his businesses, he says.
....
You can contact us via Signal, WhatsApp or voicemail at 347-244-2134. Here’s more about how you can contact us securely.
You can always email us at tips@trumpincpodcast.org.
And finally, you can use the postal service:
Trump Inc at ProPublica
155 Ave of the Americas, 13th Floor
New York, NY 10013
”Trump, Inc.” is a production of WNYC Studios and ProPublica. Support our work by visiting donate.propublica.org or by becoming a supporting member of WNYC. Subscribe here or wherever you get your podcasts.
Filed under: The Trump Administration
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