Donald Trump has a fabulous golf course out in LA, Trump National Golf Club. He says so himself. When it opened in 2006 he said the project cost a whopping $264 million, after buying it for $27 million four years earlier in bankruptcy. On his FEC disclosure he listed it as worth more than $50 million. But that's not what he told tax assessors, where he pegged the value at just $10 million....
http://talkingpointsmemo.com/edblog/poor-house-donald
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