Trumps Taxes

[USAF]

You make it sound so ghastly! Trump did this and..it's illegal! No, you ninny. Trump reported his business activities to the IRS, that's how you know about them. His accountants interpreted the laws the most favorable way they can on behalf of their client and used that treatment for those activities.
If the IRS disagrees on the treatment of those activities, then Trump will have to pay a different tax amount. It's not illegal, it's not fraud and it is not even Trump. Do you think that Trump is sitting there doing his taxes? How dishonest are you?

Here is something really dishonest. The VP of the United States takes his son on 29 secret service accompanied trips where the son gets paid off by foreign companies and enriches the VPs family.
Now that is indeed quite dirty. You probably hadn't heard. Where's Hunter?

Here is something illegal- The New York Times received illegally leaked information about a private citizen's taxes. Why is it that Assange is in jail and the NYT writers are not?

What TF does any of this have to do with Tump's taxes?

LOL.

 

[John Galt]

That's not what that says. The claim was that Trump was experiencing significant cash flow losses from multiple properties even before considering depreciation expense. Look, the NYT isn't a rinky dink outfit. You can be sure that they have financial consultants to help the reporters understand technical points. Furthermore, even those who understand the technical points can't go into too much technical detail in an article meant for general consumption.

Your last sentence illustrates the point perfectly. How many operating companies does Trump have? Which properties and businesses are in each? Are they all losing money, or just a few? Is he piling expenses in some to offset losses on another? Is he creating occasional operating losses to offset capital gains taxes? If he has massive operating losses across his businesses, who would loan him money?

No one has a clue, and that’s why the whole exercise is futile.

 

[USAF]

Excellent question here:

DEFLECT!! IGNORE THE GIANT ELEPHANT IN THE ROOM! LOOK AT THIS SHINY THING INSTEAD!!!

 

[cjbfbp]

If he has massive operating losses across his businesses, who would loan him money?

That is the most important question that, so far, no one has investigated very thoroughly (at least not to public knowledge).

 

[jamiche]

Assets that are relatively illiquid are still assets and part of net worth. While Trump's net worth is debatable and unknowable, it is also irrelevant. One thing we do know: Banks loan him a ton of money and they would not do that unless they thought that they were covered on their risk. Trump is very rich. How rich? Who cares other than TDS people?

Jake is the shill and a dishonest one at that. He presents himself as the omniscient referee. Yet he so obviously has a side.....

Sorry, humble beggar, wrong again. The basis for his 2016 campaign was that he was an uber wealthy, uber successful businessperson who would apply the skills that made him uber successful to Make America Great Again. If it turns out that the whole foundation for his run was bullshit (shock!), then it's relevant.

As you know, assets become liabilities when the debt held against them exceed their value. The excellent NYT reporting shows donald's "assets" to be drowning in debt. They are liabilities.

Among the many reasons that we care about these things is that a president in perilous financial condition, especially one who has repeatedly claimed otherwise, is very, very vulnerable to foreign "influence." That makes our country very vulnerable to foreign "influence."

Those are some of the reasons we care, sweetheart.

 

[Livingat45north]

You can't be this dumb.

Oh yes s/he can be this dumb. This is someone that just claimed Hiden was asked tough questions by the moderators during the Democratic debates.

 

[Livingat45north]

Some lefties are so gullible. They believe anything the NTY and WaPo anonymous sources say and they keep stepping on that rake.

Just today's latest "Howism" from the left. Find something negative about Trump, pretend it's true, and go with it.

 

[Section2]

Yes, they are actually. It's quite clear you haven't actually read the story. That's fine, but then don't come on here talking about what NYT is and isn't claiming.

I posted early in the thread that Trump was paying Ivanka as a consultant for work she was doing as an executive of the company. That's illegal.

He also was calling Seven Springs an investment property while not actually renting it out and living in it. That's illegal.

Also this about Seven Springs

There are also massive conflicts of interest reported in the story. These are not illegal, but you would be absolutely outraged if it was Hillary or Biden or Obama or Paul Wellstone.

It’s not “Trumps” tax law. It was introduced and passed by Congress.
you will never find a post from me complaining that Hillary or Obama or Biden took advantage of tax rules to minimize their burden.

 

[Section2]

Assets that are relatively illiquid are still assets and part of net worth. While Trump's net worth is debatable and unknowable, it is also irrelevant. One thing we do know: Banks loan him a ton of money and they would not do that unless they thought that they were covered on their risk. Trump is very rich. How rich? Who cares other than TDS people?

Jake is the shill and a dishonest one at that. He presents himself as the omniscient referee. Yet he so obviously has a side.....

Looking thru his various loans, Trumps interest rates are 4-5%. That’s a fair risk premium, considering that currently, high yield bonds (aka junk bonds) average about 5-6% over the last 5 years. But would need to know if those are secured loans, and a lot of other info to get the whole picture. NYT is presenting a framing of his taxes, undoubtedly the most negative framing. But not the whole truth.

 

[Section2]

The NYT is absolutely pointing to illegal and unethical activity.

How can it be illegal if he’s been audited and the auditors have a more complete picture than the NYT has?

 

[bga1]

Further proof that the NYT is just one of the MSM outlets that is part of the Biden campaign:

 

[bga1]

What TF does any of this have to do with Tump's taxes?

LOL.

The last half of the post has nothing to do with Trump's taxes and everything to do with your hypocrisy and stupidity. The first half of the post was obviously above your comprehension level.

 

[John Galt]

That is the most important question that, so far, no one has investigated very thoroughly (at least not to public knowledge).

Unless of course, he doesn’t have massive operating losses.

 

[LakevilleBro]

Dem's say that Trump is an idiot and has failed at everything. But now he is a master tax-expert who has successfully paid little or no taxes, for 10 years. You cannot have it both ways.

 

[Nokomis]

Couple things to add to the "financial literacy" posts. Yes, in any business the goal is to get income taxes to zero, particularly easy to do with real estate holdings. Assuming that's what Trump is doing, that's all fine. However, when Trump sells any of his assets, he'll have a massive tax bill that year. Would Trump have enough money to pay that tax bill on top of paying his creditors? I think that would have the IRS and his lenders skittish. He could then simply declare bankruptcy, as he's done multiple times in the past. That's basically been his business M.O. Take on massive debt to build his empire, declare bankruptcy when over leveraged, repeat. Not necessarily illegal, but also not someone I would want to go into business with.

Also have one other question. It says he paid $750 his first year as President. How does that work if he gave up his business interests while President?

 

[saintpaulguy]

View attachment 9468

There is a simple remedy available. Release the actual documents.

 

[Nokomis]

Dem's say that Trump is an idiot and has failed at everything. But now he is a master tax-expert who has successfully paid little or no taxes, for 10 years. You cannot have it both ways.

I'm sure his lawyers and accountants aren't idiots.

 

[saintpaulguy]

Dem's say that Trump is an idiot and has failed at everything. But now he is a master tax-expert who has successfully paid little or no taxes, for 10 years. You cannot have it both ways.

The binary choice you have set up is not inclusive of all the possibilities.

 

[saintpaulguy]

If only the IRS could get his tax forms! I bet they would audit him and find out!

I thought the reason for the non-release was that he was under audit.

 

[bga1]

I thought the reason for the non-release was that he was under audit.

I guess you missed the sarcasm.....

I think that the IRS actually does have his tax forms and he is actually under audit. Sigh.

The NYT, in an odd sort of way, just revealed the actual reason he doesn't release them. It is just fodder to be dishonestly spun by the media in order to manipulate those who don't understand business, real estate or tax law.

 

[bga1]

I'm sure his lawyers and accountants aren't idiots.

Well I guess he is smart to have good advisors then....

 

[bga1]

There is a simple remedy available. Release the actual documents.

So that the media can lie about what they say? Brilliant.

 

[Nokomis]

Well I guess he is smart to have good advisors then....

The smartest thing you can do is hire people smarter than you.

 

[saintpaulguy]

So that the media can lie about what they say? Brilliant.

Sometimes you have to show your hand. This would be one of those times, I think. Sure, people can lie about anything, I suppose, but in daylight the truth can be spelled out and backed up with something better than "my attorney says so".

 

[TruthSeeker]

How can it be illegal if he’s been audited and the auditors have a more complete picture than the NYT has?

If you haven't noticed, he's being investigated in New York for breaking tax laws, and the Joint Commission is reviewing at least one of his large tax deductions. Those are two examples of illegal or unethical behavior right there. JTF mentioned 2 others.

 

[bga1]

Couple things to add to the "financial literacy" posts. Yes, in any business the goal is to get income taxes to zero, particularly easy to do with real estate holdings. Assuming that's what Trump is doing, that's all fine. However, when Trump sells any of his assets, he'll have a massive tax bill that year. Would Trump have enough money to pay that tax bill on top of paying his creditors? I think that would have the IRS and his lenders skittish. He could then simply declare bankruptcy, as he's done multiple times in the past. That's basically been his business M.O. Take on massive debt to build his empire, declare bankruptcy when over leveraged, repeat. Not necessarily illegal, but also not someone I would want to go into business with.

Also have one other question. It says he paid $750 his first year as President. How does that work if he gave up his business interests while President?

Read up about like kind exchanges. (comment regarded bolded statement above)

Regarding the $750...that is inaccurate. He had already paid 1 million and 4.5 million respectively for the two years pending the completion of audit.

He didn't give up his business interests, he gave up control of them.

Furthermore he has waived his Presidential salary of $400k per year....

 

[Gopher_In_NYC]

Excellent question here:

Read his return RGB, as its posted on his website and will have his occupation listed.

Also FYI - Oracle of Omaha, if he had any illegal obtained income, he wouldn't be paying taxes on it and would find a place to stash it overseas.

 

[bga1]

Read his return RGB, as its posted on his website and will have his occupation listed.

Also FYI - Oracle of Omaha, if he had any illegal obtained income, he wouldn't be paying taxes on it and would find a place to stash it overseas.

Oh, it is legal all right. He has been using his position in Congress and as Vice President for personal gain for nearly 50 years. This is why we have such a swamp in Washington DC. Politicians come there and get rich off of influence and side deals. This is why Trump is hated so badly. No one has a hold on him. That's a dangerous thing for the swamp.

 

[cjbfbp]

This is why Trump is hated so badly. No one has a hold on him. That's a dangerous thing for the swamp.

You have a gift. You are funnier that most stand up comics I've seen in my life without even trying.

 

[KillerGopherFan]

I'm sure his lawyers and accountants aren't idiots.

But he runs the country by himself?