So if something is valued at $500M but sells for only $200M, it only counts as $200M toward the judgment.
Kind of less, he’s paying taxes on the sale too, because he’s still selling it even tho he doesnt get to keep the money.
And when selling half a billion dollars of real estate, you’re going to pay a lot of taxes even in America.
So the 200 million goes to the judgement, but he’s paying 20-40% percent in state/federal/local taxes. And it’s all gonna happen in the same calendar year while a shit ton of accountants are watching his every move.
He’s going to end up having to sell a lot more than the judgement to pay his tax bill a year from now.
And that’s not even getting into his loans.
Value a building at 100 million when it’s worth 50
Borrow 70 million on property.
Sells for 40 and the bank needs 30 still.
There’s no way out, even if the bank forgives the remaining 30, that still counts as taxable income for trump, compounding the first issue. And in that scenario, $0 is going to judgement and trump still loses the property and they move on to seizing the next on the list. He gets zero gain from the sale, but it’s still drives up taxable income for him personally
trump could conceivably have a billion dollar gross income in 2024, and be completely broke with hundreds of millions due in tax.