NYT has 2 decades of Trump's taxes

[Frankfooter]

Even worse than we would have expected, the Donald is in financial shit and has been losing money for a long time.

THE PRESIDENT’S TAXES
LONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.

 

[y2kmark]

Always boasting about how rich he is, he's a bigger fraud than that Q-anon guy...

 

[Frankfooter]

Always boasting about how rich he is, he's a bigger fraud than that Q-anon guy...

The only bit of truth from Trump may be that he is still in audit, as the NYT is reporting that IRS is in court over auditing of a $73.9 million tax rebate.
While he reported paying only $750 in taxes.

Probably larue and boober pay more in taxes than the guy they back.

 

[bestman007]

The only bit of truth from Trump may be that he is still in audit, as the NYT is reporting that IRS is in court over auditing of a $73.9 million tax rebate.
While he reported paying only $750 in taxes.

Probably larue and boober pay more in taxes than the guy they back.

Melania's finding Jeff Bezos more and more attractive by the day!

 

[Leimonis]

Those who knew he had always been a fraud got yet another confirmation, and those who prefer to not see it will continue to ignore it.

 

[Frankfooter]

He's in bad shape.

In 2012, he took out a $100 million mortgage on the commercial space in Trump Tower. He took nearly the entire amount as a payout, his tax records show. His company has paid more than $15 million in interest on the loan, but nothing on the principal. The full $100 million comes due in 2022.

In 2013, he withdrew $95.8 million from his Vornado partnership account.

And in January 2014, he sold $98 million in stocks and bonds, his biggest single month of sales in at least the last two decades. He sold $54 million more in stocks and bonds in 2015, and $68.2 million in 2016. His financial disclosure released in July showed that he had as little as $873,000 in securities left to sell.

Mr. Trump's businesses reported cash on hand of $34.7 million in 2018, down 40 percent from five years earlier.

What's more, the tax records show that Mr. Trump has once again done what he says he regrets, looking back on his early 1990s meltdown: personally guaranteed hundreds of millions of dollars in loans, a decision that led his lenders to threaten to force him into personal bankruptcy.

This time around, he is personally responsible for loans and other debts totaling $421 million, with most of it coming due within four years. Should he win re-election, his lenders could be placed in the unprecedented position of weighing whether to foreclose on a sitting president.

 

[mandrill]

Even worse than we would have expected, the Donald is in financial shit and has been losing money for a long time.

Or else he does just fine, but he's such a chronic fraud that he has bullshit accounting losses on his books year after year.

I hear that the time those hookers peed on him in Moscow, Trump tried to write off the coffee he bought them before hand as a "business loss". And then he tried to write off the room service clean-up charges.

 

[Frankfooter]

Or else he does just fine, but he's such a chronic fraud that he has bullshit accounting losses on his books year after year.

I hear that the time those hookers peed on him in Moscow, Trump tried to write off the coffee he bought them before hand as a "business loss". And then he tried to write off the room service clean-up charges.

Cohen had to pay the bill but Ivanka got a great consulting fee on that night, I heard.

 

[Boober69]

Even worse than we would have expected, the Donald is in financial shit and has been losing money for a long time.

THE PRESIDENT’S TAXES
LONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE
Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.
He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.
The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.

Who cares if he's been losing money? It's business. Who cares if he used the tax system in place to claim his loses?
I don't see anywhere in this article that there is any proven wrong doing.

But again, in your world, you prefer the court of public opinion over the court of law and due process.

Predictable.

 

[Frankfooter]

Who cares if he's been losing money? It's business. Who cares if he used the tax system in place to claim his loses?

The DA in New York cares.

Trump Could Be Investigated for Tax Fraud, D.A. Says for First Time (Published 2020)

A new court filing from the Manhattan district attorney offered rare insight into the office’s investigation of the president and his businesses.

www.nytimes.com

NY Daily News - We are currently unavailable in your region

www.nydailynews.com

 

[squeezer]

Who cares if he's been losing money? It's business. Who cares if he used the tax system in place to claim his loses?
I don't see anywhere in this article that there is any proven wrong doing.

But again, in your world, you prefer the court of public opinion over the court of law and due process.

Predictable.

What about the Average American family who pays more in taxes than basic necessities while Trump lives the dream on their backs??

 

[mandrill]

Who cares if he's been losing money? It's business. Who cares if he used the tax system in place to claim his loses?
I don't see anywhere in this article that there is any proven wrong doing.

But again, in your world, you prefer the court of public opinion over the court of law and due process.

Predictable.

Boober, eventually you're going to wake up and realize that this is a dude who spends his day golfing and watching TV and tweeting, but who pulls in millions from properties his far more competent asshole dad left him and who pays NO FUCKING INCOME TAX every year.

For your average scam artist shyster businessman no big deal. But the president is supposed to be a patriot. That's one of the qualifications for the gig. And patriots don't stiff Uncle Sam when it comes to paying for frivolous shit like highway repair, judges' salaries and that little thing called the Armed Forces.

And that's why Joe and Jane Average might end up kinda scratching their head over this one.

 

[mandrill]

Or else he does just fine, but he's such a chronic fraud that he has bullshit accounting losses on his books year after year.

I hear that the time those hookers peed on him in Moscow, Trump tried to write off the coffee he bought them before hand as a "business loss". And then he tried to write off the room service clean-up charges.

If I was really smart, I would have called that coffee a "flow-through investment" and quipped that Cohen used a "flow chart" to illustrate how it was a "wasted asset".

 

[jerimander]

Nobody cares about his taxes, only his leadership qualities. This won't convince anyone to not vote for him.

 

[Frankfooter]

Nobody cares about his taxes, only his leadership qualities. This won't convince anyone to not vote for him.

The taxes say he's lying about being successful.
That makes him a bad leader.

 

[mandrill]

Ivanka Trump Could Be Going Down Thanks To Her Dad’s Tax Fraud

Donald Trump's tax returns show that he paid his daughter Ivanka as a consultant, even though she is a member of the company which is against IRS rules.

www.politicususa.com

 

[Darts]

Trump is really no different than a taxi driver who borrows money to buy his own car. The driver deducts interest expense and depreciation on his car for tax purposes.

The proper measure of their financial success is cash flow and not tax losses. Accounting 202,

 

[The Oracle]

I’m far more interested in the tax returns of a politician who became a multimillionaire than the tax returns of a billionaire who became a politician.

 

[Charlemagne]

'Freeloader-In-Chief': Twitter Afire Over Explosive Trump Tax Return Report"

Raise your hand if you pay more taxes than supposed 'billionaire' Donald Trump."

'Freeloader-In-Chief': Twitter Afire Over Explosive Trump Tax Return Report

"Raise your hand if you pay more taxes than supposed 'billionaire' Donald Trump."

m.huffingtonpost.ca

 

[Charlemagne]

I’m far more interested in the tax returns of a politician who became a multimillionaire than the tax returns of a billionaire who became a politician.

Whataboutism....