Trump got a $21 million tax break for saving the forest outside his NY mansion

[Zorro]

Trump got a $21 million tax break for saving the forest outside his NY mansion. Now the deal is under investigation.

Five years ago, Donald Trump promised to preserve more than 150 acres of rolling woodlands in an exclusive swath of New York suburbia prized for its luxury homes and rural tranquility.

In exchange for setting aside this land on his estate known as Seven Springs, Trump received a tax break of $21.1?million, according to court documents.

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 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.

New York Attorney General Letitia James (D) is investigating whether the Trump Organization improperly inflated the value of Seven Springs as part of the conservation easement on the property, according to filings in the case in August. The investigation also scrutinizes valuations, tax burdens and conservation easements at Trump’s holdings in Los Angeles, Chicago and New York City.

https://www.washingtonpost.com/politics/trump-got-a-21-million-tax-break-for-saving-the-forest-outside-his-ny-mansion-now-the-deal-is-under-investigation/2020/10/07/de84c1ba-ff6b-11ea-830c-a160b331ca62_story.html

[Frustratedlady]

1. If I remember correctly, he originally bought that property for a golf course.

For whatever reason, he was not allowed to build it.

What are the chances that the boys used the forested property for hunting? No elephants, but targets of smaller varieties.

[Walleye]

2. Did he rake it? Forest management

[Yo_Mama_Been_Loggin]

3. The Art of the Crooked Deal

[yaesu]

4. and I'm sure that, like here, they apraise land at twice as much as its real worth so its was

probably 4 times its real value by the time tRump inflated it.

[Roland99]

5. Some DU history...

Drumpf State Park a dump
https://www.democraticunderground.com/10028774493


Donald J. Trump State Park(s) N.Y. has a story exactly like you'd expect
https://www.democraticunderground.com/100212190076

[Demovictory9]

6. the rich get richer and call the rest of leaches