EXCLUSIVE: Donald Trump has claimed that a forested estate north of New York City is worth some ungodly amounts. Turns out it’s only making money as a tax write-off.
The best thing former President Donald Trump ever did with his
James Vercammen, a land economist at the University of British Columbia in Vancouver, said Trump is like a rancher who decided it was better for business to just leave his land to nature. Taken altogether, the numbers highlight Trump’s failure to turn this investment into a money maker while also drawing attention to the relatively lucrative nature of the questionably large tax break he got in 2015.
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