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In a news article, titled “The Only Time Donald Trump Undersells: Tax Time,” the ABC chronicled how the business magnate has duped the country he wants to lead, by blatantly undervaluing his properties in order to cut his tax down.
The first property mentioned in the article is the Trump National Golf Club, in the small town of Ossining in Westchester County, New York. The golf club has winding streams, stone bridges, a 101-foot waterfall and an expansive clubhouse. It is, indeed, a reflection of a true luxurious lifestyle. It is said Trump wrote on a candidate disclosure form, that the sprawling 147-acre private club bearing his name is worth more than $50 million.
But, according to the ABC, when it came to valuing the property for tax purposes, Trump’s lawyers argued that the property is worth only $1.35 million. The proposed valuation has confused town officials of Ossining. Officials said the new figure would cut Trump’s tax burden by 90 percent, dumping that burden on poor residents.
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