Kind of a catch-22. If he overpaid, he should file for a refund. That’d be fun to watch.
So he paid taxes on the estimated value of the property and loan? Who is the injured party? No one.
He deserves a tax refund.
Successful real estate magnates are sharks. They have to be. So I presume they are all watching this and saying look, if this is the court determined valuation of this property owned by Trump, well I have this property on 83rd and ... and it's similar to Trump's and my tax assessment has been 5 times that number. I should get back all of those excess taxes charged over the years by the fraudsters in the city tax office.
Try to get Trump and bankrupt the government of NYC instead.
“”Kind of a catch-22. If he overpaid, he should file for a refund. That’d be fun to watch””
At one point in time, President Trump had some significant losses in a part of his global business. He owed a bank $900 million, but the bank was not worried. They know that he is a long term good investment.
President Trump was able to use the tax laws to right off huuuuge losses. He is not a fool. Just like Elon Musk, he uses the system. How many hundreds of thousands of people (millions?) have jobs, directly and indirectly) from all over the economic activity Trump and Musk have created.
We used to celebrate titans of industry. Most of us still do.