Jon Stewart was criticized for hypocrisy after harshly attacking Trump for allegedly inflating property values yet benefitting from a similar practice himself.
When selling his NYC penthouse in 2014, Stewart stated a market value nearly nine times lower on tax forms than what he sold it for, significantly reducing his property taxes.
“The attorney general of New York knew that Trump’s property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties,” Stewart said. “It was all part of a very specific real estate practice known as lying.”
“How is he not this mad about overvaluations in the real world?” Stewart said. “Because they are not victimless crimes.”
“First, the banks got paid back at lower interest rates — although, to be honest, who gives a [expletive]? But second, money isn’t infinite. A loan that goes to the liar doesn’t go to someone who’s giving a more honest evaluation,” Stewart said.
This mirrored the actions of Trump that Stewart had accused of not being “victimless crimes.”
“Jon Stewart benefited by 829% ‘overvalue’ of his NYC home even as he labels Trump’s civil case ‘not victimless,’” a New York Post headline read.
Political commentators pointed out the apparent double standard, with Stewart defending himself by deflecting and claiming other wrongdoings of Trump, rather than addressing the substance of the accusations against him.
“Did @jonstewart commit fraud when he sold his penthouse for $17.5M? NY listed its market value at $1.8M an AV at around 800k. Who did he … defraud??” political commentator Tim Pool wrote.
“I am SHOCKED,” he wrote. “SHOCKED.”
“OMG!! I’ve been caught doing something not remotely similar to Trump! I guess all I need to do now is start a fraud college, steal classified docs, bankrupt casinos, pay hush money, grab [expletive], discriminate in housing, cheat at golf and foment insurrection and you’ll revere me!” Stewart wrote.
“Fraud. You got caught, you lied about the value of your property, will you turn yourself in? Nah..just a hypocrite then?” one X user wrote.
“My brother. You sold a property NY valued at 1.8M to someone for 17.5M and they lost 4M because of it, And you paid taxes on a valuation of 748k. ‘When it came time to pay taxes he undervalued his property,'” Pool wrote.
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