A Zillow listing shows that the former president "sold" the property weeks before his arrest, transferring its ownership to a company owned by his eldest son.
But a later report by The Express mentions that the former president might have not really “sold” the property, but simply transferred its ownership to an organization owned by his son Donald Trump Jr.
That’s an accounting trick as old as time, can’t be taxed or penalized on stuff that isn’t yours. Besides, he has a long history of hiding assets, it’s kind of his thing.
You’re not legally allowed to own or operate a business from prison, his lawyers probably told him to get the ball rolling on this sooner rather than later
Getting his affairs in order, I see.
To me it seems more like trying to hide his assets.
I’m wondering if hiding assets is still a thing, when wealthy people have so many legal ways to circumvent taxation. The world is full of tax havens.
That’s an accounting trick as old as time, can’t be taxed or penalized on stuff that isn’t yours. Besides, he has a long history of hiding assets, it’s kind of his thing.
Can real estate be seized in Civil Asset Forfeiture?
Yes actually.
True still let’s not forget it’s trump and he would do something like that.
You’re not legally allowed to own or operate a business from prison, his lawyers probably told him to get the ball rolling on this sooner rather than later
It’s Florida, doesn’t the homestead thing criminals from losing their homes?