You missed my point, but that's OK.
Exaggerating your wealth in financial statements is not against the law.
It's common.
Let me explain it in simple terms that everyone can understand.
If I go the bank and ask to borrow a million dollars against a building I say is worth 10 million dollars, they don't just take my word for it.
They will do their own assessment and act accordingly.
This is what happened in New York with Trump.
When tax is assesed, that assessment is made by the tax department.
Trump doesn't decide how much tax he has to pay.
This is basic stuff.
Unless you have TDS.
If you go to a bank for a loan and they want collateral, and you tell them you own a truck, it has to be a real one with real value, not a Tonka truck. What use would it be if they have to repo it for the value of the defaulted loan? Does atoy F150 have value? Sure - not even close to a real one though. If you lie to them about your assets for financial gain they give you, that is quite literally fraud. Even if you scale it up by adding more zeros to the value of what's being assessed. It's a crime that does not get punished enough in the western world, but still a crime.
Basic stuff, simple terms that everyone with an adult amount of judgement or ethics can understand.





