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Fri Jan 12, 2018, 09:46 PM

Tax officials reduce Trump's tax bill on D.C. hotel by nearly $1 million

Source: Washington Post

Tax officials reduce Trumpís tax bill on D.C. hotel by nearly $1 million

By Jonathan O'Connell January 12 at 4:26 PM

President Trumpís D.C. hotel received a $53.6 million reduction in its 2018 assessment from the District of Columbia tax office, saving his company nearly $1 million. ... The District tax office initially valued the Trump International Hotel, in the federally owned Old Post Office building, at $163,587,412, according to a Jan. 12 written agreement.

D.C. assesses property two years ahead of when it is taxed, meaning the 2018 bill is based on an assessment of the building from 2016, the year it opened.

Apparently the hotel did not debut as strongly as tax officials initially expected however, because after receiving additional information from the Trump Organization, the office agreed to reduce the assessment to $110 million, 32.7 percent less. ... The change will reduce the propertyís 2018 tax bill from $3,020,367 to $2,029,000, for a savings of $991,367.

Because the Trump Organization does not own the building ó it leases the property from the General Services Administration ó the company is responsible for paying possessory interest taxes, a stand-in for property taxes applied to businesses on public land.

Read more: https://www.washingtonpost.com/news/business/wp/2018/01/12/tax-officials-reduce-trumps-tax-bill-on-d-c-hotel-by-nearly-1-million/



Retweeted by David Fahrenthold: https://twitter.com/Fahrenthold

Just posted Wapo exclusive: D.C. tax office reduced Trump's hotel assessment by $53.6 million.


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Reply Tax officials reduce Trump's tax bill on D.C. hotel by nearly $1 million (Original post)
mahatmakanejeeves Jan 2018 OP
BigmanPigman Jan 2018 #1
Angry Dragon Jan 2018 #2
Demtexan Jan 2018 #3
EarthFirst Jan 2018 #4
turbinetree Jan 2018 #5
DoctorJoJo Jan 2018 #6
pangaia Jan 2018 #7
politicaljunkie41910 Jan 2018 #8
LastLiberal in PalmSprings Jan 2018 #9
politicaljunkie41910 Jan 2018 #13
Mc Mike Jan 2018 #10
mahatmakanejeeves Jan 2018 #11
onenote Jan 2018 #15
KY_EnviroGuy Jan 2018 #12
riversedge Jan 2018 #14
onenote Jan 2018 #16

Response to mahatmakanejeeves (Original post)

Fri Jan 12, 2018, 10:56 PM

1. FUCK THIS!

What country am I living in??????????? How is this allowed to happen????
WAKE UP AMERICA!!! RESIST every day and in every way! ASAP!

Easy...doable...just do IT!
https://www.huffingtonpost.com/entry/do-these-10-things-and-trump-will-be-toast_us_58ac605ae4b07028b704264a

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Response to BigmanPigman (Reply #1)

Fri Jan 12, 2018, 11:22 PM

2. +10,000

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Response to BigmanPigman (Reply #1)

Fri Jan 12, 2018, 11:52 PM

3. Who got paid off.

Follow the money.

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Response to mahatmakanejeeves (Original post)

Sat Jan 13, 2018, 12:19 AM

4. I give up!

I simply just donít know what to say any more...

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Response to mahatmakanejeeves (Original post)

Sat Jan 13, 2018, 12:57 AM

5. So.........................

"Apparently the hotel did not debut as strongly as tax officials initially expected however, because after receiving additional information from the Trump Organization, the office agreed to reduce the assessment to $110 million, 32.7 percent less. ... The change will reduce the propertyís 2018 tax bill from $3,020,367 to $2,029,000, for a savings of $991,367. "


So which books did they submit..........................


I don't get to write off my loss of an assessment, what are the taxes on the building around this place-------------that is some valuable land, I have been down there.....................

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Response to mahatmakanejeeves (Original post)

Sat Jan 13, 2018, 01:07 AM

6. No One Bribes Like Trump Bribes, He ...

... has the bigliest bribes.

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Response to mahatmakanejeeves (Original post)

Sat Jan 13, 2018, 01:42 AM

7. That's ok. He earned the money and those are the new rules.

Jeeze, anybody would be glad to see their taxes reduced by $1 million.



PS: For those of you who may have lost track of sarcasm, and I know you are OUT there... hee hee....





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Response to mahatmakanejeeves (Original post)

Sat Jan 13, 2018, 02:32 AM

8. Why am I not surprised? The place is making lots of money after getting off to a slow start but

that's because it wasn't finished. But since the inauguration, the place has been full because people people wanting to curry favor with the president know that the way to the president is through the Trump Hotel. The guy who is in charge of the Property Lease is a government employee and he knows he serves at the pleasure of the president, so if the president says that the property tax is too high well then the guy who's in charge of the lease knows what he needs to do.

That one guy who was in charge of the Ethics Dept at the White House and who was trying to get Trump and the Trump children to comply with the Ethics Rules eventually gave up and resigned. So without anyone to keep him in check, the president can do whatever he wants to do and no one, not congress, not anyone is going to check him. The only thing we can hope for is that Mueller can find collusion or some other high crimes committed by him and his transition team and it's off to the pokey for him and his family.

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Response to politicaljunkie41910 (Reply #8)

Sat Jan 13, 2018, 11:32 AM

9. The reduction in value was made "after receiving additional information from the Trump Organization"

and we know you can always trust the Trump Organization to give you accurate information.

The foxes are guarding the hen house.

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Response to LastLiberal in PalmSprings (Reply #9)

Sun Jan 14, 2018, 01:55 AM

13. Of course it did, and of course he made it up like he makes up shit all the time.

Like he made up that letter from the guy who did his medical exam, Doctor Ronnie. The same Doctor Ronnie who can't spell his own name???

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Response to mahatmakanejeeves (Original post)

Sat Jan 13, 2018, 11:44 AM

10. That seems fair.

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Response to mahatmakanejeeves (Original post)

Sat Jan 13, 2018, 01:55 PM

11. Hmmm. Maybe people aren't reading this the same way I am.

Obnoxious blowhard: "I just opened the biggest, most impressive hotel that ever existed in Washington, DC. It's worth hundreds of millions of dollars."

DC tax assessor: "No, it isn't. At least not currently. At the next assessment, things might change. But not now."

I don't think the DC tax assessor is going to be impressed by obnoxious blowhards.

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Response to mahatmakanejeeves (Reply #11)

Sun Jan 14, 2018, 12:37 PM

15. +1

I get the impression a lot of folks commenting didn't bother to read the entire story.

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Response to mahatmakanejeeves (Original post)

Sat Jan 13, 2018, 04:45 PM

12. I hope the press jumps on this....

and asks tRump or Huckabuck how many new AMERICAN JOBS will be created through this tax savings?

............ .........

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Response to mahatmakanejeeves (Original post)

Sun Jan 14, 2018, 09:42 AM

14. and recall that Trump said the #TrumpTaxScam would not help him. #LIAR

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Response to riversedge (Reply #14)

Sun Jan 14, 2018, 12:38 PM

16. He lied about that. But this has nothing to do with the tax legislation

This is DC possessory interest tax. Administered by the DC government.

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