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The former president has plenty of valuable assets he could borrow against to pay his legal penalties. Here’s the math behind his path forward.<br/><br/>New York attorney general Letitia James vowed this week to seize Donald Trump’s assets if he could not pay the roughly $454 million he now owes the state. But make no mistake: Trump’s balance sheet is strong enough for him to pay his penalties—without selling a thing.<br/><br/>Trump, who Forbes most recently estimated to be worth $2.6 billion, owes New York State over $350 million, plus around $100 million (and climbing every day) in interest, and he owes some $88 million to the writer E. Jean Carroll for sexual abuse and defamation verdicts against him. He has around $400 million of liquid assets on hand, so he could simply write a check to pay much of what he owes right now. To cover the rest, though, Trump, who once called himself the “king of debt,” could go another route. He could theoretically borrow money against one or more of the 27 mortgage-free properties in his portfolio, which are collectively worth more than $1.1 billion.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/kylemullins/2024/02/23/heres-why-trump-wont-have-to-sell-any-buildings-to-come-up-with-540-million/?sh=13e899521cf8<br/><br/>Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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In the latest episode of the Greg Bedard Patriots Podcast with Nick Cattles, Greg and Nick delve into various topics surrounding the New England Patriots. They discuss whether the Patriots already have a plan in place for their future, with Greg expressing some skepticism. The conversation then shifts to the top three quarterbacks in the draft and whether any of them fit Eliot Wolf's vision for the team, as well as the possibility of drafting a QB given Mac Jones' uncertain future. They also touch on Belichick's fondness for Jayden Daniels and express confidence in Eliot Wolf's decision-making. Additionally, they cover Jerod Mayo's recent comments about Belichick and the team's financial situation, the potential for JC Jackson to return on a reduced contract, and the Patriots' poor ranking in the latest NFLPA survey.<br/><br/>0:00 Patriots Have a plan already? Greg disagrees<br/>8:25 Top 3 QBs do they fit Eliot Wolf's vision? Will they draft one?<br/>10:03 Mac on way out, Will Pats take QB<br/>21:00 Belichick loved Jayden Daniels<br/>22:09 Eliot Wolf knows what he’s doing<br/>26:33 Mayo walks back Belichick talk and cash to burn<br/>32:00 Sounds like JC Jackson could be back on reduced contract<br/>33:20 Patriots get slammed on NFLPA survey<br/><br/>Check Greg's Coverage out over at www.bostonsportsjournal.com, for $50 on BSJ's annual plan. Not only do you get top-notch analysis of all the Boston pro sports, but if you're a Patriots junkie — and if you're listening to this podcast, you are — then a membership at BSJ gives you access to a ton of video analysis Bedard does on the coaches film, and direct access to him in weekly chats.<br/><br/>This episode of the Greg Bedard Patriots Podcast w/ Nick Cattles is brought to you by:<br/><br/>PrizePicks! Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy! <br/><br/>Football season may be over, but the action on the floor is heating up. Whether it’s Tournament Season or the fight for playoff homecourt, there’s no shortage of high stakes basketball moments this time of year. Quick withdrawals, easy gameplay and an enormous selection of players and stat types are what make PrizePicks the #1 daily fantasy sports app!
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On the newest episode of Patriots Daily, Taylor Kyles from CLNS Media is joined by Rookie Scouting Portfolio creator Matt Waldman to talk about the NFL Combine, quarterback and skill position prospects, and why the Bill Belichick-led scouting department struggled.\
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Calls have been made to cut a ‘hidden’ tax which is estimated to cost the public and businesses as much as £8 billion every year.<br/><br/>Insurance tax adds an extra 12 per cent on to most insurance policies - which means an average of £67 is added to premiums for car insurance.<br/><br/>This tax shoots up to more than £100 for household with a car when home insurance is added.<br/><br/>It comes after research of 2,000 adults with insurance found 31 per cent have no idea Insurance Premium Tax (IPT) even existed, while another 36 per cent only have a little knowledge about it. <br/><br/>And half are unaware about exactly how much gets added to their policy cost because of this tax. <br/><br/>Mervyn Skeet, director of general insurance policy at The Association of British Insurers, which has launched a campaign calling on the Chancellor to cut the tax levied on insurance, said: “It is high time we unmask this tax which penalises people and businesses for being responsible.<br/><br/>“This tax hits the poorest hardest because they normally spend more on insurance, such as home and motor cover, as a proportion of their income.<br/><br/>“Such a move would not only provide relief to hardworking families and businesses but also foster economic resilience.”<br/><br/>The study also found 49 per cent of those polled have become more conscious about how much they are spending on insurance since the start of the cost-of-living crisis. <br/><br/>As a result, 58 per cent have reduced cover or changed to a cheaper provider within the last 12 months. <br/><br/>While 26 per cent opted for a provider they had never heard of because they wanted to save money and 21 per cent removed additional extras they had previously included.<br/><br/>Now, 36 per cent are worried they might not have the appropriate level of cover in the event of an emergency. <br/><br/>Consequently, just six per cent of those polled, via OnePoll, who have taken out insurance would oppose a cut on this taxation. <br/><br/>Nearly seven in 10 (68 per cent) feel people are being penalised for being responsible and getting insurance, while 63 per cent are of the belief that taxing on essential items should be minimal. <br/><br/>As a result, the Association of British Insurers campaign has seen Plunge Creations, the costume makers of ITV’s The Masked Singer, create Snippy, a giant pair of scissors unmasking this ‘hidden’ tax ahead of the budget.<br/><br/>Mervyn Skeet added: “Since its introduction, Insurance Premium Tax has increased more rapidly than the tax rate applied to alcohol and gambling.3<br/><br/>“Today we call on the Chancellor to use next week’s Spring budget to cut the standard insurance premium tax rate.<br/><br/>“It penalises people for being responsible and a cut will help hard working households and businesses offset escalating costs and protect their families and livelihoods against sudden financial shocks. <br/><br/>“There has never been a better time for the government to show its support to the millions of homeowners and businesses who do the right thing by buying insurance.”
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