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Post by papersilly on Mar 19, 2024 22:33:40 GMT
Don't Ivanka and Jared have that sort of money? I am sure they'll want to assist. they might have the money (think $2billion from the Saudis) but how would they get paid back? if he loses his appeal and the bond has to pay out to the state, the bond company will take the money that Javanka put up. or am i not understanding how bonds work? either way, javanka is out that money. we all know daddy won't pay them back because he didn't have the money in the first place and he certainly won't sell of his real estate. not even for them. |
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Post by mollycoddle on Mar 19, 2024 23:56:11 GMT
Apparently, his campaigns hurting for money, too. Maybe because they drained it to pay his legal bills? short on cashThe dumpster fire that is Donald Trump is burning brightly. This is going to be a shitshow. And if he needs rich patrons, that makes him a security risk. |
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Post by Scrapper100 on Mar 20, 2024 0:49:34 GMT
I’m thinking he knew this was a possibility so he has done something to try and protect his assets. Then again he think he is above the law so maybe not. I know they say they can take his assets but I just have a hard time thinking they will actually do it. I’m thinking there would be violence if it really did happen. Some if his crazier fans would cause something. I hope I’m wrong but I just have a hard time seeing them actually taking them.
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Post by Scrapper100 on Mar 20, 2024 0:51:52 GMT
Apparently, his campaigns hurting for money, too. Maybe because they drained it to pay his legal bills? short on cashThe dumpster fire that is Donald Trump is burning brightly. This is going to be a shitshow. And if he needs rich patrons, that makes him a security risk. The thing is he needed money in the past so he had always been a threat. He didn’t release his tax returns because he knew it would show he didn’t have billions. He has always been mortgaged to the eyeballs. |
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Post by mollycoddle on Mar 20, 2024 1:01:13 GMT
The dumpster fire that is Donald Trump is burning brightly. This is going to be a shitshow. And if he needs rich patrons, that makes him a security risk. The thing is he needed money in the past so he had always been a threat. He didn’t release his tax returns because he knew it would show he didn’t have billions. He has always been mortgaged to the eyeballs. Yes, and he has always been a threat. In the past, he has always been able to con-er, raise money from his base and get loans. Now that he has all of those legal bills and judgements, the ketchup has hit the fan. |
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Post by bossymom on Mar 20, 2024 16:42:32 GMT
I would also be willing to pay for a video feed inside if they sack his home like the start of "Schitt's Creek". Lol! Exactly my thought! |
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Post by revirdsuba99 on Mar 20, 2024 17:59:29 GMT
Just remember the President is automatically given full security clearence!
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Post by Peace Sign on Mar 20, 2024 18:14:58 GMT
I know what *I am hoping happens next for DT, but I'll just keep that to myself so I don't have secret service at my door.
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pilcas
Pearl Clutcher
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Post by pilcas on Mar 20, 2024 18:30:24 GMT
I know what *I am hoping happens next for DT, but I'll just keep that to myself so I don't have secret service at my door. I have imagined some “lovely” scenarios myself, but like you, will keep them to myself! |
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dawnnikol
Prolific Pea
'A life without books is a life not lived.' Jay Kristoff
Posts: 8,552
Sept 21, 2015 18:39:25 GMT
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Post by dawnnikol on Mar 20, 2024 22:14:06 GMT
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twinsmomfla99
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Post by twinsmomfla99 on Mar 21, 2024 2:34:22 GMT
Seizing his assets will be a particular blow to him if it happens. When the properties are sold, he will have to pay capital gains, and he may be subject to recapture of depreciation deductions he has taken over the years (I don’t know all the tax details for commercial real estate sales, so accountants—please chime in if you are so called.)
Developers frequently rely on certain transactions to kick the tax can down the road (can they still do like kind exchanges?). If the properties are seized and sold by the government, he won’t be able to use his usual strategies to defer taxes.
If the buildings have mortgages, those will be paid before the government gets any of the proceeds, so he may need multiple properties to satisfy the judgment.
So not only will he lose his building(s), he will probably owe a crap-fin of taxes when it’s all said and done.
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samantha25
Pearl Clutcher
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Post by samantha25 on Mar 21, 2024 3:30:28 GMT
Seizing his assets will be a particular blow to him if it happens. When the properties are sold, he will have to pay capital gains, and he may be subject to recapture of depreciation deductions he has taken over the years (I don’t know all the tax details for commercial real estate sales, so accountants—please chime in if you are so called.) Developers frequently rely on certain transactions to kick the tax can down the road (can they still do like kind exchanges?). If the properties are seized and sold by the government, he won’t be able to use his usual strategies to defer taxes. If the buildings have mortgages, those will be paid before the government gets any of the proceeds, so he may need multiple properties to satisfy the judgment. So not only will he lose his building(s), he will probably owe a crap-fin of taxes when it’s all said and done. I wonder who will buy them? Probably sales will be unreasonably low, so how does the government get the full amount and only get a foreclosed amount, like a tear-down? Really weird situation. Maybe the gold tower will fall or needs a reno? LOL |
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Post by Merge on Mar 21, 2024 14:27:12 GMT
Seizing his assets will be a particular blow to him if it happens. When the properties are sold, he will have to pay capital gains, and he may be subject to recapture of depreciation deductions he has taken over the years (I don’t know all the tax details for commercial real estate sales, so accountants—please chime in if you are so called.) Developers frequently rely on certain transactions to kick the tax can down the road (can they still do like kind exchanges?). If the properties are seized and sold by the government, he won’t be able to use his usual strategies to defer taxes. If the buildings have mortgages, those will be paid before the government gets any of the proceeds, so he may need multiple properties to satisfy the judgment. So not only will he lose his building(s), he will probably owe a crap-fin of taxes when it’s all said and done. I wonder who will buy them? Probably sales will be unreasonably low, so how does the government get the full amount and only get a foreclosed amount, like a tear-down? Really weird situation. Maybe the gold tower will fall or needs a reno? LOL Coming soon: one of these properties mysteriously burns to the ground and Trump uses the insurance money to pay the bond. |
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Post by crazy4scraps on Mar 21, 2024 14:38:16 GMT
Don't Ivanka and Jared have that sort of money? I am sure they'll want to assist. they might have the money (think $2billion from the Saudis) but how would they get paid back? if he loses his appeal and the bond has to pay out to the state, the bond company will take the money that Javanka put up. or am i not understanding how bonds work? either way, javanka is out that money. we all know daddy won't pay them back because he didn't have the money in the first place and he certainly won't sell of his real estate. not even for them. While the Saudis invested $2B in his investment company, I don’t think Jared personally received that much. His own take from the deal was considerably less so he/they probably don’t have it. Plus if you knew Donald Trump as well as they do, you’d know damn well you’d never see a penny of that money again if you did bail him out. I’m sure that both of them are smart enough to see the ketchup on the wall, so to speak. |
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Post by crazy4scraps on Mar 21, 2024 14:46:36 GMT
I wonder who will buy them? Probably sales will be unreasonably low, so how does the government get the full amount and only get a foreclosed amount, like a tear-down? Really weird situation. Maybe the gold tower will fall or needs a reno? LOL Coming soon: one of these properties mysteriously burns to the ground and Trump uses the insurance money to pay the bond. The problem with that scenario is that all his properties are probably mortgaged to high heaven and those loans won’t go away just because the building burned down. It’s no different from someone who crashes a new car that they have a loan on. The bank would make you either fix the car or total it out and pay off the loan, you don’t just get to pocket the insurance money. |
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Post by Merge on Mar 21, 2024 16:03:23 GMT
Coming soon: one of these properties mysteriously burns to the ground and Trump uses the insurance money to pay the bond. The problem with that scenario is that all his properties are probably mortgaged to high heaven and those loans won’t go away just because the building burned down. It’s no different from someone who crashes a new car that they have a loan on. The bank would make you either fix the car or total it out and pay off the loan, you don’t just get to pocket the insurance money. So I’m wondering why a supposed billionaire needs to have all his properties mortgaged. I suppose there’s some advantage to that I’m not aware of. |
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Post by allison1954 on Mar 21, 2024 16:18:14 GMT
Not a millionaire but
We have several investment properties.
they are all mortgaged at good interest rates and we then are liquid enough to invest in other things.
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Post by Scrapper100 on Mar 21, 2024 16:20:22 GMT
I wonder who will buy them? Probably sales will be unreasonably low, so how does the government get the full amount and only get a foreclosed amount, like a tear-down? Really weird situation. Maybe the gold tower will fall or needs a reno? LOL Coming soon: one of these properties mysteriously burns to the ground and Trump uses the insurance money to pay the bond. If that was possible since they are so heavily mortgaged but what value are they insured for? Certainly not the billions he claims they are worth. |
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peppermintpatty
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Refupea #1345
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Post by peppermintpatty on Mar 21, 2024 16:31:46 GMT
If he can't get it then he has to have a firesale on his properties which will result in him losing his "fortune". I have seen a lot of opinion pieces lately that say he might have to file for bankruptcy.
Bet he is wishing he never ran for president in the first place. Then his artificially inflated wealth would still be in tact.
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peppermintpatty
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Refupea #1345
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Post by peppermintpatty on Mar 21, 2024 16:36:16 GMT
Don't Ivanka and Jared have that sort of money? I am sure they'll want to assist. I doubt they have that kind of money but they have both said they are done with that lifestyle and I don't think they really want to help him. I don't think any of their kids have that kind of money. They were hoping that these stupid donors would step up and help him. They are all like "nope". He has even had to cut back all his rallies because the RNC doesn't have the money. Their donations have dried up. |
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Post by papersilly on Mar 21, 2024 18:16:32 GMT
While the Saudis invested $2B in his investment company, I don’t think Jared personally received that much. His own take from the deal was considerably less so he/they probably don’t have it. Plus if you knew Donald Trump as well as they do, you’d know damn well you’d never see a penny of that money again if you did bail him out. I’m sure that both of them are smart enough to see the ketchup on the wall, so to speak. lol. i knew that. i just said that factitiously. jared is protecting that saudi money like it was one of his children. i think he would rather suffer the wrath of DT than that of the Saudis if he misuses their money any day. |
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Post by librarylady on Mar 21, 2024 18:35:35 GMT
I fear that the Koch brothers will come to DT's rescue.
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Gem Girl
Pearl Clutcher
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Jun 29, 2014 19:29:52 GMT
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Post by Gem Girl on Mar 21, 2024 18:38:52 GMT
Coming soon: one of these properties mysteriously burns to the ground and Trump uses the insurance money to pay the bond. The problem with that scenario is that all his properties are probably mortgaged to high heaven and those loans won’t go away just because the building burned down. It’s no different from someone who crashes a new car that they have a loan on. The bank would make you either fix the car or total it out and pay off the loan, you don’t just get to pocket the insurance money. It would not surprise me at all if TFG doesn't know this. He's woefully ignorant about most things. |
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Gem Girl
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Jun 29, 2014 19:29:52 GMT
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Post by Gem Girl on Mar 21, 2024 18:43:27 GMT
So I’m wondering why a supposed billionaire needs to have all his properties mortgaged. I suppose there’s some advantage to that I’m not aware of. He's always used other people's money. He likely lives off the rental incomes (which Leticia can get before he does, should he not bond up by Monday). i think he would rather suffer the wrath of DT than that of the Saudis if he misuses their money any day. I'd take dodging a ketchup bottle over a meeting with Mr. Bone Saw, too! |
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Post by Merge on Mar 21, 2024 19:36:20 GMT
I fear that the Koch brothers will come to DT's rescue. Or Elon Musk, or Harlan Crow ... any number of far-right billionaires he could call on. |
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Post by crazy4scraps on Mar 21, 2024 20:15:15 GMT
I fear that the Koch brothers will come to DT's rescue. Or Elon Musk, or Harlan Crow ... any number of far-right billionaires he could call on. But seriously, how much does it really help these billionaires to cause society as we know it to implode? Once all the guard rails are off, what will happen to the stock market if everybody else freaks out? |
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Post by papersilly on Mar 21, 2024 20:44:49 GMT
I fear that the Koch brothers will come to DT's rescue. Or Elon Musk, or Harlan Crow ... any number of far-right billionaires he could call on. i heard Elon has government contracts. would he sacrifice those to help out DT? what is getting as collateral that Elon can't buy on his own outright? and what is he getting in return for fronting the money? State secrets? |
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Post by summer on Mar 21, 2024 21:00:20 GMT
Do you think they will seize the golf course property where he buried Ivana?
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dawnnikol
Prolific Pea
'A life without books is a life not lived.' Jay Kristoff
Posts: 8,552
Sept 21, 2015 18:39:25 GMT
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Post by dawnnikol on Mar 21, 2024 21:48:09 GMT
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Post by Merge on Mar 22, 2024 0:36:01 GMT
Or Elon Musk, or Harlan Crow ... any number of far-right billionaires he could call on. But seriously, how much does it really help these billionaires to cause society as we know it to implode? Once all the guard rails are off, what will happen to the stock market if everybody else freaks out? Isn’t the whole point of the far right movement to destroy society as we know it? I don’t think they’re concerned about the stock market. |
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