politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
Isn’t Trump supposed to be a billionaire? Surely a billionaire can pay his own bills! Maybe he isn’t the billionaire he claims to be.
I imagine you probably don't become a billionaire by just letting people force you to pay your "bills," or by following "the law," or by caring about "people," or by responding to ethical "responsibilities."
Probably you become a billionaire by doing the opposite, but idk
Not just a billionaire but he testified under oath a month or so ago that he had approximately $400 million in cash so covering the whole thing himself should be relatively easy.
Except they want over $500 million in cash counting interest.
So Trump puts up $400 million of his own and gets a bond for the remaining $100 million & change. It doesn’t ALL have to come from a bond.
The 400m dollar amount is based on an audit conducted in 2021, where it listed him having around 298m. The total of 400 was an estimate based on his income and liabilities since that time.
I for one highly doubt that he has 400m in liquidity. Not because he's incapable of raising that much wealth, but because it's an incredibly dumb move to keep 400m in cash. There's no financial benefit like meaningful interests rates, and it doesn't offer any tax benefits.
Even if he has kept it in partial liquidity like a money market account or Treasury bills, the amount and the timelines may not allow for him to access the totality of his funds in time.
T-bills are highly liquid.
Better yet, if he kept it in the SP500 then it would be liquid and a better investment than whatever Trump Org is doing.
Depending on what maturity rate you choose. I think the shortest is little over a month?
Not super liquid if you are considering taxes.
Liquid means something can be sold quickly for its market value. In other words there are lots and lots of potential buyers bidding for it, so low-balling won't work, so you will get a fair price. Whereas an illiquid investment, like real estate, has few potential buyers. If you are in a hurry to sell real estate, buyers can lowball you.
Liquidity has nothing to do with whether it is wise to sell right now.
T-bills are constantly bought and sold on the secondary market before maturity, the maturity value is built into the market price. If your T-bill matured in 10 years you could sell it tomorrow if you wanted, and you would get a fair price.
You can find quotes here. Want a T-bill that matures on Mar 31? You can easily buy it. Or sell it.
Taxes depend on if your investment was profitable, not liquidity. Something can be illiquid but subject to no taxes (if you lost money on it) or very liquid but subject to high taxes (if you made a lot of money).
Of course, it's possible that selling an investment today wouldn't synergize with your particular tax avoidance strategy. But that's not a liquidity problem, that's a you problem.
You're right, that guy doesn't know much about liquidity. Trump could have parked his money in T-Bills and made 4.8% annually on them, risk free. And no state taxes.
Sounds like a smart thing to do if you're going to pay a fat judgement. Trump is bad at planning and shouldn't get the benefit of the doubt. He just didn't plan on losing at all.