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Still Unable to Post Bond, Trump Has Most Crazed Meltdown Yet (newrepublic.com)

submitted 3 months ago by [email protected] to c/[email protected]

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Donald Trump has no idea how to post bond in the fraud trial—and he’s absolutely losing it.

In just shy of a week, Donald Trump’s $454 million judgment from his New York bank fraud trial will become collectible, either by way of liquid cash or financial assets—and it has officially sent Trump into meltdown mode.

The notoriously sleep-deprived GOP presidential nominee spent the better part of Monday night shouting into the void about the massive, half-billion-dollar judgment and his apparent inability to pay it off, bemoaning being required to follow the law before being allowed to appeal the case.

“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!” Trump posted Tuesday morning.

“I shouldn’t have to put up any money, being forced by the Corrupt Judge and AG, until the end of the appeal. That’s the way system works!” he added, forgetting that he’s being held to the same standards as every private citizen.

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[-] [email protected] 9 points 3 months ago

You need to read more about how capital gain taxes work.

In your car example there would be a capital loss, so no taxes would be owed.

If you sold it for 55000, then there would be a capital gain and you would owe tax on the 5000 profit.

Here is an article that explains it relative to your example:

https://www.dmv.org/articles/income-tax-implications-of-selling-a-used-car/

this post was submitted on 19 Mar 2024

596 points (97.6% liked)

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