PeterS wrote:
"It doesn’t matter who it is. The left, the media, Big Tech, they all want you to believe the same thing, President Trump is bad for America. Over the past four years, the media and all liberal outlets, including the new Fox News, attacked Trump for his policies and always putting America first. Obviously, the media painted him as a billionaire who only cares about himself. But recently, documents surfaced showing that Trump actually lost money while being POTUS.
That’s right, the man of New York actually lost money while putting America first and trying to help people. But again, this is the news you won’t hear as the liberals don’t want you to know it."
1) When Trump first ran for office his claim was that he was worth over 10 billion dollars. So if he is only worth 2.5 billion then he lost a hell of a lot more than 2 billion.
2)You are talking about valuation not actual worth. When Trump wants to borrow money his properties are worth twice what they are now and if it's time to pay taxes those properties are worth nothing at all. What's important when you are wealthy is your cash flow, not your 'worth', and so long as it's enough to cover your expenses then you have nothing to worry about, and last I checked Trump could still keep his bills paid. Wait a couple of years when a couple of loans mature. If he has the money to pay them fine if not he's going to be asking you always Trumpers to pony up because you can't get wealthy by paying your own bills...
b "It doesn’t matter who it is. The left, th... (
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"you can't get wealthy by paying your own bills..." Hate to break it to you but that is the ONLY way you can get wealthy.
Worth and net worth are two different topics of conversation. Property is worth whatever someone will pay for it. You won't know what that is until someone buys whatever you're selling. You can set that value anywhere you like but the sale will determine the current value.
For property tax purposes, the local county assessor sets the tax value, not the owner. The owner can contest the valuation but it's up to the tax man to agree or disagree. It doesn't matter what the owner claims it is worth or not worth.
Pay close attention to the stuff you highlighted.