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Trump's Taxes


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#1 Rue Bella

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Posted 27 September 2020 - 06:42 PM

https://www.nytimes....rump-taxes.html

Quote


The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

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.
Posted Image
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.

Fake news, of course.



L

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

ONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE


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#2 Rue Bella

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Posted 27 September 2020 - 07:44 PM

Twitter is all a'twitter about Trump's taxes.

https://twitter.com/...329240831787011

Quote

David Frum

You can read Trump's tax returns two ways: either Donald Trump is the greatest tax cheat in US history - or he is a financial desperado hopelessly in debt to God knows who & needs every dollar he scams from Secret Service golf car rentals just to pay the electricity bill



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#3 baw1064

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Posted 27 September 2020 - 08:24 PM

The easiest way to not pay any taxes is not to make any money.

Donald Trump may have taken that to its logical limit.
“We are happy to announce that the health of the President is decidedly better, the disease with which he was afflicted having assumed a more favorable aspect.”

--Newspaper article, April 1,1841, three days before the death of William Henry Harrison

#4 JackD

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Posted 27 September 2020 - 08:37 PM

I wonder if this will impress any of the rubes that this guy really ain't rich and he ain't made new jobs neither.

#5 baw1064

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Posted 27 September 2020 - 08:49 PM

 JackD, on 27 September 2020 - 08:37 PM, said:

I wonder if this will impress any of the rubes the this guy really ain't rich and he ain't made new jobs neither.

That might make them think that he can really understand them!
“We are happy to announce that the health of the President is decidedly better, the disease with which he was afflicted having assumed a more favorable aspect.”

--Newspaper article, April 1,1841, three days before the death of William Henry Harrison

#6 Rue Bella

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Posted 27 September 2020 - 10:27 PM

https://www.politicu...-tax-fraud.html

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

Quote

Mr. Trump reduced his taxable income by treating a family member as a consultant, and then deducting the fee as a cost of doing business.

Quote


The “consultants” are not identified in the tax records. But evidence of this arrangement was gleaned by comparing the confidential tax records to the financial disclosures Ivanka Trump filed when she joined the White House staff in 2017. Ms. Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.

Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father’s business.

Fake consulting deals with members of a company that is also managing the same project are a big red flag to the IRS. Trump hid income by listing his own daughter a consultant on projects that she was managing. In other words, Ivanka Trump and her father were cheating the United States government, and the American people to hide income and avoid paying taxes.


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#7 Rue Bella

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Posted 27 September 2020 - 10:36 PM

Seen on Twitter:

Quote

The Hoarse Whisperer

@TheRealHoarse


As it turns out, poor, white male Trump supporters have more in common with him than they thought. #TrumpIsBroke

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#8 baw1064

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Posted 27 September 2020 - 10:51 PM

Quote

Fake consulting deals with members of a company that is also managing the same project are a big red flag to the IRS. Trump hid income by listing his own daughter a consultant on projects that she was managing. In other words, Ivanka Trump and her father were cheating the United States government, and the American people to hide income and avoid paying taxes.

Paraphrasing an old saying about voting...what matters isn't how many red flags are raised, but who does the auditing, and how.
“We are happy to announce that the health of the President is decidedly better, the disease with which he was afflicted having assumed a more favorable aspect.”

--Newspaper article, April 1,1841, three days before the death of William Henry Harrison

#9 Rich T Bikkies

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Posted 28 September 2020 - 12:38 AM

Wow. This is a bolt of lightning from a clear blue sky, isn't it? At least, that was my second reaction. After my first reaction that I thought I was hallucinating: how the devil has the NYT managed to pull this off?

It's a surprise. And it's October. And . . . ?
Reality is a hallucination caused by alcohol deprivation.

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#10 andydp

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Posted 28 September 2020 - 06:54 AM

Dovetailing with the tax stuff: The was a posting about Trump and a PO Box on Long Island. Can someone get the link ?

Got the link. Thanks for looking.

Trump Tower Hicksville: Why is the Trump campaign sending rent checks to a Long Island P.O. box?

Trump campaign's rent payments to Hicksville, New York, might be of interest to a tax fraud investigation



https://www.salon.co...-island-po-box/
Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.
Rev Martin Luther King Jr.

Obamacare took my guns away and put me in a FEMA reeducation camp
Anonymous

If you've got public schools paid for by taxpayers, you're in a socialist nation. If you have public roads paid for by taxpayers, socialist nation. If you've got public defense (police, fire, military, coast guard) paid for by tax dollars, socialist nation. If you're in a nation that has nationalized or localized delivery of services that are not paid for by users alone, you're in a socialist nation- the only question is how socialist. As I see it, we pay the military pay to protect the shipping lanes for our fuel needs which makes us very socialist. In a capitalist nation, the people supplying the oil would pay for their own defense force.
DC Coronata

“I always cheer up immensely if an attack is particularly wounding because I think, well, if they attack one personally, it means they have not a single political argument left.”

Margaret Thatcher


(Select anyone who gets blind loyalty from followers/voters) "...is the kindest, bravest, warmest, most wonderful human being I've ever known in my life."(Manchurian candidate)



"I can't go out because of the virus" sounds whiny and boring. I'm going with: "I've sworn an oath of solitude until the pestilence is purged from the lands." because it sounds more valiant and heroic. As a bonus, people might think you're carrying a sword.

FB posting


Its theorized if you put enough monkeys together with typewriters, eventually they'll write Shakespeare. But first, they write Trump speeches.

FB Posting



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#11 Rue Bella

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Posted 28 September 2020 - 07:22 AM

 andydp, on 28 September 2020 - 06:54 AM, said:

Dovetailing with the tax stuff: The was a posting about Trump and a PO Box on Long Island. Can someone get the link ?

https://www.salon.co...-island-po-box/

??
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#12 andydp

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Posted 28 September 2020 - 07:24 AM

 Rue Bella, on 28 September 2020 - 07:22 AM, said:


That was it, thanks for looking
Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.
Rev Martin Luther King Jr.

Obamacare took my guns away and put me in a FEMA reeducation camp
Anonymous

If you've got public schools paid for by taxpayers, you're in a socialist nation. If you have public roads paid for by taxpayers, socialist nation. If you've got public defense (police, fire, military, coast guard) paid for by tax dollars, socialist nation. If you're in a nation that has nationalized or localized delivery of services that are not paid for by users alone, you're in a socialist nation- the only question is how socialist. As I see it, we pay the military pay to protect the shipping lanes for our fuel needs which makes us very socialist. In a capitalist nation, the people supplying the oil would pay for their own defense force.
DC Coronata

“I always cheer up immensely if an attack is particularly wounding because I think, well, if they attack one personally, it means they have not a single political argument left.”

Margaret Thatcher


(Select anyone who gets blind loyalty from followers/voters) "...is the kindest, bravest, warmest, most wonderful human being I've ever known in my life."(Manchurian candidate)



"I can't go out because of the virus" sounds whiny and boring. I'm going with: "I've sworn an oath of solitude until the pestilence is purged from the lands." because it sounds more valiant and heroic. As a bonus, people might think you're carrying a sword.

FB posting


Its theorized if you put enough monkeys together with typewriters, eventually they'll write Shakespeare. But first, they write Trump speeches.

FB Posting



Calumny is only the noise of madmen. — Diogenes


#13 indy

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Posted 28 September 2020 - 08:02 AM

Why does Frum think the two choices are mutually exclusive? Why can't he be both a tax cheat and a financial moron?

#14 baw1064

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Posted 28 September 2020 - 08:28 AM

The Guardian notes the following:

  • $70,000 – paid to style Trump’s hair for television, claimed as expenses.

“We are happy to announce that the health of the President is decidedly better, the disease with which he was afflicted having assumed a more favorable aspect.”

--Newspaper article, April 1,1841, three days before the death of William Henry Harrison

#15 andydp

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Posted 28 September 2020 - 08:38 AM

Just got this on my FB feed:

Turns out the president isn’t actually rich enough to own ANY libs.
Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.
Rev Martin Luther King Jr.

Obamacare took my guns away and put me in a FEMA reeducation camp
Anonymous

If you've got public schools paid for by taxpayers, you're in a socialist nation. If you have public roads paid for by taxpayers, socialist nation. If you've got public defense (police, fire, military, coast guard) paid for by tax dollars, socialist nation. If you're in a nation that has nationalized or localized delivery of services that are not paid for by users alone, you're in a socialist nation- the only question is how socialist. As I see it, we pay the military pay to protect the shipping lanes for our fuel needs which makes us very socialist. In a capitalist nation, the people supplying the oil would pay for their own defense force.
DC Coronata

“I always cheer up immensely if an attack is particularly wounding because I think, well, if they attack one personally, it means they have not a single political argument left.”

Margaret Thatcher


(Select anyone who gets blind loyalty from followers/voters) "...is the kindest, bravest, warmest, most wonderful human being I've ever known in my life."(Manchurian candidate)



"I can't go out because of the virus" sounds whiny and boring. I'm going with: "I've sworn an oath of solitude until the pestilence is purged from the lands." because it sounds more valiant and heroic. As a bonus, people might think you're carrying a sword.

FB posting


Its theorized if you put enough monkeys together with typewriters, eventually they'll write Shakespeare. But first, they write Trump speeches.

FB Posting



Calumny is only the noise of madmen. — Diogenes


#16 andydp

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Posted 28 September 2020 - 09:04 AM

 baw1064, on 28 September 2020 - 08:28 AM, said:

The Guardian notes the following:
  • $70,000 – paid to style Trump’s hair for television, claimed as expenses.

Old vaudeville bit:

Husband: "Why are you so late ?

Wife: "I was at the hairdresser's"

Husband: I take you weren't served."

I have a barber that does the work for $ 18 a visit including tip. How much hair spray is that ?
Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.
Rev Martin Luther King Jr.

Obamacare took my guns away and put me in a FEMA reeducation camp
Anonymous

If you've got public schools paid for by taxpayers, you're in a socialist nation. If you have public roads paid for by taxpayers, socialist nation. If you've got public defense (police, fire, military, coast guard) paid for by tax dollars, socialist nation. If you're in a nation that has nationalized or localized delivery of services that are not paid for by users alone, you're in a socialist nation- the only question is how socialist. As I see it, we pay the military pay to protect the shipping lanes for our fuel needs which makes us very socialist. In a capitalist nation, the people supplying the oil would pay for their own defense force.
DC Coronata

“I always cheer up immensely if an attack is particularly wounding because I think, well, if they attack one personally, it means they have not a single political argument left.”

Margaret Thatcher


(Select anyone who gets blind loyalty from followers/voters) "...is the kindest, bravest, warmest, most wonderful human being I've ever known in my life."(Manchurian candidate)



"I can't go out because of the virus" sounds whiny and boring. I'm going with: "I've sworn an oath of solitude until the pestilence is purged from the lands." because it sounds more valiant and heroic. As a bonus, people might think you're carrying a sword.

FB posting


Its theorized if you put enough monkeys together with typewriters, eventually they'll write Shakespeare. But first, they write Trump speeches.

FB Posting



Calumny is only the noise of madmen. — Diogenes


#17 baw1064

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Posted 28 September 2020 - 09:06 AM

 andydp, on 28 September 2020 - 08:38 AM, said:

Just got this on my FB feed:

Turns out the president isn’t actually rich enough to own ANY libs.

Well, if he does Putin can foreclose on them,
“We are happy to announce that the health of the President is decidedly better, the disease with which he was afflicted having assumed a more favorable aspect.”

--Newspaper article, April 1,1841, three days before the death of William Henry Harrison

#18 LFC

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Posted 28 September 2020 - 09:53 AM

It sounds like Trump was caught completely unaware and unprepared. Here's the TPM coverage on his press conference. He literally had nothing prepared in response except "fake news." I would have at least thought Vilhelm Barr would have given him some legal sounding talking points. This was just sad.

Quote

After taking five questions that were unrelated to the Times’ report, Trump was finally pressed on it, which he insisted was “fake news.”

“That is totally fake news, made-up, fake, we will do the same stories you can ask me the same question four years ago I had to litigate this and talk about it,” Trump said.

The President went on to ramble about how he’s been under IRS audit for “a long time.”

“The IRS does not treat me well, they treat me like the tea party and they never treat me well, they treat me very badly,” Trump said.

" 'Individual conscience' means that women only get contraceptives if their employers, their physicians, their pharmacists, their husbands and/or fathers, pastors, and possibly their mayors, Governors, State Secretaries of Health, Congressmen, Senators, and President all agree that in that particular case they're justifiable." --D.C. Sessions

"That's the problem with being implacable foes - no one has any incentive to treat you as anything more than an obstacle to be overcome."

"The 'Road to Serfdom' is really all right turns." --Progressive Whisperer

""The GOP ... where every accusation is also a confession." --Progressive Whisperer

#19 LFC

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Posted 28 September 2020 - 09:55 AM

Biden's campaign is on it. Here's the text that went along with the first video ad.

Quote

Team Joe (Text JOE to 30330)
@TeamJoe

Teachers paid $7,239
Firefighters paid $5,283
Nurses paid $10,216

Donald Trump paid $750

" 'Individual conscience' means that women only get contraceptives if their employers, their physicians, their pharmacists, their husbands and/or fathers, pastors, and possibly their mayors, Governors, State Secretaries of Health, Congressmen, Senators, and President all agree that in that particular case they're justifiable." --D.C. Sessions

"That's the problem with being implacable foes - no one has any incentive to treat you as anything more than an obstacle to be overcome."

"The 'Road to Serfdom' is really all right turns." --Progressive Whisperer

""The GOP ... where every accusation is also a confession." --Progressive Whisperer

#20 Rue Bella

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Posted 28 September 2020 - 10:03 AM

Quote

“That is totally fake news, made-up, fake, we will do the same stories you can ask me the same question four years ago I had to litigate this and talk about it,” Trump said.

OK, then, Donnie. Very simple solution. Release your complete tax returns and put the lie to rest.

But you won't because it's true.
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