The tax records of the fake billionaire

For the 100,000 time.

Fake News

billionaires don't pay taxes. 

we're surprised? 

Did somebody say "debtors prison"?

The revelations of tRump's tax problems reveal more than the personal fraud he is, I.e. he's a terribly irresponsible businessman, but also that he has turned to foreign money to keep his charade afloat which puts him in a compromised position to lead the country. He is willing to compromise the country as a whole for his personal benefit and that is very clearly evident in what he has attempted to accomplish as President.

tRump absolutely HAS to win this election. A win mean the statute of limitations will expire on the charges the SDNY has been investigating and he is free and clear. A defeat means he will be prosecuted and many believe there is enough evidence to convict.

Lock him up!

tRump absolutely HAS to win this election. A win mean the statute of limitations will expire on the charges the SDNY has been investigating and he is free and clear. A defeat means he will be prosecuted and many believe there is enough evidence to convict.<<<<

To think this is even a consideration at this point is mind-blowing. 

Would there have been any member of the Senate during the Nixon era who would have not voted to impeach with such knowledge?

Times have changed.

on a side note...

2012 Obama/Romney battle

a big turning point for voters was when romney's percentage of paid federal income tax was made public.

it showed he only paid 14.1% on 43 million in the previous 2 years.

"I have the best accountants.  People who pay taxes are suckers and losers." - Donald J. Trump, Genius.

the dems may want to throw the left a bone here. you know, so trump can be beaten badly. 

and i agree, 6. 

but trump paying no taxes won't deliver biden the election. trumps incredibly shady business dealings and loans from foreign countries won't matter. both parties enable that type of behavior. 

plus w/ the dems giving up on fightning in the senate, all while continually approving trumps federal judges, they just look horrible and weak. 

obama was never in jeopardy of losing to romney. 

dude, nobody likes a tax cheat win or lose,

especially politicians at the top.

and again it's the math why federal judges are being appointed.

something you just can't wrap your head around.

the majority around here know that, just weird how weak your arguments have gotten.

also pretty sad,  smh

anybody w/ money will take advantage of the system that was built for them to take advantage of. 

math? 

justify your dems rubber stamping everything trump any way you have to. 

sad indeed. 

Trump's bass doesn't give a fuck if he pays taxes or not. It's 100% unexplainable, but they just don't.

right, but his bass is not enough to win it, even with p-heat's help.

The bigger problem is that he is in debt. $1.1 Billion in debt. Who does he owe? No one in that kind of debt would ever get a security clearance. Who thinks Donald wouldn't divulge a few secrets to get out from under that debt.

thod, i'm not voting for trump. by that logic, you already have, in the primary. 

it'd be good for biden to endorse m4a now. 

primary wasn't shit, that was practice.

again, one-trick pony.

write in bernie, again.

nobody expects you to grow a conscience 

do you boo

but get get your fuck'n math right, wouldja?

senate dems can't stop them, no matter what far left source tells ya.
 

hear that slack???

endorse m4a to fire up young progressives who won't vote and disenfranchise the base? sounds like a great idea. 

87% of the base supports it......?

nice melt, thod. lol. practice? jesus christ. like i said, now you care. 

sad. 

your business will do great during 4 more years of Covid with no plan

oh wait, if you don't sink it yourself, covid WILL affect whether you'll still be in the pizza game.

even charging $60 for the BIDT pie.

bernie's pleading to do the right thing and vote biden

but you're smarter than ol bern aren't ya.

keep going man....

is that why you're here,

to antagonize with stupid shit?

you ain't gettin' no one to melt,

and... if that's why you're here, that's just sad and must be lonely 

but incel gonna incel

cheer up chinstrap, trump's gonna save ya

just curious. but trying to pay less taxes, by anyone, rich or middle class, or poor, has been going on for as long as people have been paying taxes.   there are federal, and state loop holes that allow it. i tend to think people will use these for their gain. even people in this thread. i wonder if you believe other politicians arent using the same methods to avoid high taxes, bernie, obama, pence, and others across the political spectrum.  also leads to think that individuals in corporate America also use the same methods, which are law, also.  if they weren't legal, there would be many corp owners, politicians, and the average public in jail.  not making a judgement one way or the other, as this does go both ways.

When the POTUS commits fraud voters care. Nature of the job title.

I think some of his bass will notice.

>>>>i wonder if you believe other politicians arent using the same methods to avoid high taxes, bernie, obama, pence, and others across the political spectrum

News flash, they aren't and they've made their returns available.  It's super easy to fact check this deep thought you had.

https://www.taxnotes.com/presidential-tax-returns

Federal taxes paid, first year in office

Ronald Reagan: $165,202

George H.W. Bush: $101,382

Bill Clinton: $62,670

George W. Bush: $250,221

Barack Obama: $1,792,414

Donald Trump: $750

bernie did not make his tax returns available in 2016 when he ran. and in reality if you dont think people try to dodge paying high taxes, you would be mistaken. this has been going on a very long time.

loop holes need to be closed, the tax systems needs to be overhauled.

but trump is a completely different animal and a shit ton of proof that he's leveraged (421 million) and our president,

whose in bed with an adversary (putin).

Here's ten years of Bernies taxes that you claim he didn't release

https://berniesanders.com/tax-returns/

agreed the loop holes need to be closed.  do you expect the same individuals who currently use them to close them?  and this would not just be federal. there are many loop holes in state taxes also that need to be changed.

in 2016 bernie didnt release them.  he released them this year, seeing the hassles trump was getting for not.

i hate to break it to yas, thod, but you're def melting.

thod thinks the centrists will overhaul the tax systems. haha. pelosi laughs at you. 

>>>>in 2016 bernie didnt release them.  

Probably because he didn't get nominated

edit::: ^exactly 

bernie then released them and all the liberals called him a cheat b/c he made a million bucks @ 77 years old. lol. 

thod, of course, is the perfect example. 

>>> do you expect the same individuals who currently use them to close them? 

fuck yeah I do.

we need equality for everyone 

>>> and this would not just be federal. there are many loop holes in state taxes also that need to be changed. <<<

and is why I said this...

"loop holes need to be closed, the tax systems needs to be overhauled"

Trump’s ‘biggest fear’ is ‘massive’ IRS bills and potential tax fraud charges, says Michael Cohen
https://news.yahoo.com/michael-cohen-says-massive-irs-bills-and-potentia...

Why Trump taking advantage of loopholes, depreciation, etc. maybe isn't just standard rich guy stuff. And who does he owe $400 million to? The returns only tell us that he has the debts, not who he has to pay back.

He's broke, HAHAHAHAHA!

<<<Trump's bass doesn't give a fuck if he pays taxes or not.

Right!?

As long as he's in the pocket, his bass doesnt care.

If I was Trump and a newspaper uncovered that I pay almost no federal income tax & likely broke multiple laws, I’d do one of two things: If innocent, I’d authorize the release of my returns (and humiliate the press). If guilty, I’d ask Joe Biden to take a drug test.

-Rep. Dean Phillips

Dude's so poor, he cant even own the libs anymore.

And I have to give Melania credit, she's clearly not the gold digger I assumed.

yeah, she ain't getting paid for the pre-nup do over either, lol.

>>> And I have to give Melania credit, she's clearly not the gold digger I assumed. <<<

I really don't care, do u?

>>>>he's a VERY BAD businessman who loses money year after year. 

To his credit, he's a pretty good con man who loses other people's money year after year.

too bad biden doesn't want to tax the rich in an efficient and meaningful way; probably be good position to take right about now. 

if only liberals supported that candidate in the primary instead of viewing it simply as a practice run and instead supporting the continuation of the status quo (oligarchs winning). 

too bad those people didn't care. 

>>> To his credit, he's a pretty good con man who loses other people's money year after year. <<<

not to mention, even conning really smart people to vote for him.

ABC: His taxes

CNN: His taxes

Animal Planet: His taxes

Cartoon Network: His taxes

FOX News: Hearty fall soup recipes

Hearty Fall Soup Channel: His taxes

as long Trump hates the same people as his base does he's good. 

He's broke, HAHAHAHAHA! <<<

Awesome and i knew it.

"The deep state made me a failed businessman"

Heat

you can't melt when you are already a pool of molten lava laying at the base of the "pyramid"

there are perhaps some things we respect about each other. (Well I can speak for myself)

However, what do we call a child that is in permanent tantrum state

i made a vow to ignore the news yesterday because the republicans and (middle earthers) are abhorrent

I just can't comprehend their values and hate and am pretty much in a permanent state of disbelief and anger myself

your hate for Democrats and your "arguments" are out of control and one could argue counterproductive, and not grounded in the real world 

Tax laws are fucked

And worse post trump.  And he has no plans to evolve nor reduce the federal deficit 

being in debt is his way of life 

as is living solely for the moment.

 F the future generations and the health and well being of our planet

only the rich matter.  As if they need more money.  Wtf

i wasn't melting, lltd, but thod was melting hard earlier this afternoon.  

drip, drip, drip

Trump sought deals with Moscow mayor

Republicans have accused Joe Biden's son of taking payments from the late mayor's billionaire widow, which he denies.

By NATASHA BERTRAND

09/28/2020 03:25 PM EDT

In a meandering press conference on Sunday, President Donald Trump repeatedly accused his Democratic opponent’s son, Hunter Biden, of receiving millions of dollars from the wife of Moscow’s late mayor Yury Luzhkov, asking why “nobody even has any question about it.” 

But Trump himself sought to do business with Luzhkov’s government in the late 1990s, according to press reports from the time, SEC filings and comments made by Luzhkov last year. His attempts to build an underground mall in Moscow and renovate two major hotels there were part of a broader push to secure high-profile real-estate deals in Russia, which Trump was still pursuing as recently as 2016 with a proposal for a Trump Tower Moscow

https://www.politico.com/news/2020/09/28/donald-trump-moscow-mayor-deals...

>>>> ...all the liberals called him a cheat...

all of them?

^ solid takeaway 

https://www.bing.com/images/search?view=detailV2&ccid=Sac7yTuc&id=503742...

 Bry bot

shameless  fool 

But let’s take another right-wing historical figure and see what he personally thought of taxes. Say, Adolf Hitler, for example. According to the scholarship in this area, Hitler was a tax delinquent in the 1920s and early 1930s, making most of his money from the publication of his book Mein Kampf and failing to pay much in taxes. The first volume of the book was published in 1925, and the second volume came out in December 1926, but it took a few years to truly become a hit. By 1930, the book was such a success that Hitler’s income had tripled from the previous year and rose steadily after that.

According to surviving documents, Hitler constantly complained about Germany’s Ministry of Finance, the equivalent to America’s IRS, and didn’t pay substantial sums he owed for his profits on Mein Kampf. Hitler made partial payments until 1934, but after he became chancellor of Germany in 1933, his tax situation as a dictator was obviously going to change. 

By 1934, Hitler unilaterally stopped paying taxes altogether, though he told the German people he was donating his salary as chancellor to the families of pro-Nazi police officers who had been killed during riots against anti-fascist forces. But donating his salary created an accounting problem for the Ministry of Finance because technically Hitler still owed a lot of money, not just in back-payments, but on private income he was receiving from Mein Kampf while he was the leader of Germany.

How many more Trumps that are out there?  our tax system sucks

don't take college exams

don't go to war

don't respect the troops

don't pay taxes 

don't do time 

the real suckers are the 80% of middle class republicans that support this and get no benefits of the deal 

making America Great again translation - America, making it our toilet again 

The Scam Party 

The United States is a complex country, full of contradictions, but IMO, the Don represents a series of very-American traits, taken to a bloated extreme that makes it evident why those values are mixed-up. For example:

The USA values individualism, the maverick, the one who knows the truth and fights for it even though every one tells him he's wrong. I'm sure the Don is convinced of this, that he has to persevere.

Tax loopholes? Please, you all sound like a bunch of fucking hypocrites. How much money have you motherfuckers made on the black market? You paid taxes on all those pounds of nugs you've moved, or on those books you were slinging back in the 80s. Take environmental regulations into account in your grow room? Get the fuck out of here. EVERYONE exploits loopholes. Why wouldn't you? If you look above where it says how much each president paid, I'm pretty sure the pattern there is that the richer the president, the less they paid. Loopholes are law. There is no ethical dillemma behind exploiting loopholes.

And Timmy, you posted that the presidents had revealed their tax records, which is great, but that doesn't say if they have exploited loopholes or not, and I guarantee you they have. What business owner hasn't? Your accountant tells you you can pay less taxes if you put a pink flamingo on your front yard, next day you have two just in case. The problem is who creates the loopholes and the answer is that the oligarchical politcal class creates them - dems and reps. 

The Don has just taken American culture, values and laws to an extreme. You may not like what he reflects back at you, but he is ultimately a true American in the vein of all other maverick renegades before him. Maybe it's time to rethink that cultural value which is so dearly associated to your gun culture?

Amazon just had to pay federal taxes this year for the first time since 2017. Think about that. Amazon. Paid 0 dollars in taxes in 2018 and 2019.

trump not paying taxes really took the heat off the dems to fight trump's SC nomination.

lol. so perfect. 

There's nothing to fight, Pyramid,  the Republicans have the votes. I'm not sure you understand how our government works 

"The United States is a complex country, full of contradictions" - 6, that was my opening statement. I know that the US is complex. There are people who represent extremes and everything in between. But individualism and the plight of the maverick are kind of ingrained in the American psyche, no? A-la Billy the Kid?

And you keep on saying examples of Chile and it feels like you're trying to get me to jump to the defense of Chile or something, but I won't. The government and the constitution here are shameful. The military continues to play a role of power but not much. It's more about how they morphed and merged with the ruling class. Our military budget is shamefully large for what our countries needs are, but we like to be like a little poodle lap-dog following around after the US, so we play our part in keeping the Israel-US-rest of the world military economy intact. 

Tax evasion among the Chilean oligarchs is standard practice. That's how you get ahead when you are a capitalist fuckwad who only cares about wealth and in your mind it's the only thing that moves a country. The problem is the underlying neoliberal economy. Guess who pushes that economy around the world? Can you guess? Can you? And if you think it's only the Republicans in the US, you are very wrong. 

 yeah i know he's getting the pick. 

it'd be nice if the dems had a plan. no? 

they have to expand the court now -- wheres pelosi? where are the most powerful dem and do they have a plan for expansion? 

no. they're about to go on vacation. strange. they're just hoping they win and shit goes back to normal? 

And Pyramis is totally right. Trump, once again knows that there is no such thing as bad press. Let's talk about his tax record which could take years to explore, rather than fight the serious issue happening right now. 

And Lumber Truck, that's the sad kind of centrist-dem mentality that has brought the US to where it's at. Gee willickers, might as well just tuck tail and go guys, they have the votes.

The reason the dems don't really put up a fight is again, because the majority of them have vested interests in the survival of a neolib economy. 

It's not that he doesn't pay much in Taxes.  It's that he LIES about it.  

And I love that we're supposed to come up with the strategies to defeat the reps, even though you have paid specialists who are "allegedly" in charge of doing that. I wonder why they don't try? Hmmm....

"It's not that he doesn't pay much in Taxes.  It's that he LIES about it. "

Yeah, no, everyone else is honest about their taxes. The IRS barely has to do anything... 

maga liberals like thod will call this extreme left wing propaganda, but really it's just independent journalism and facts. funny how those people mix those up. 

American culture is the elite stealing from the bottom, and both parties are ok w/ this. 

https://www.dailyposter.com/p/the-1-percents-quarter-trillion-dollar

come on, 6. 

dont the dems want to win? 

i really don't know if they do. 

Of course the Democrats have a plan. It may be seen as lame and ineffectual to a huge hunk of the population, but they have it, and damn it, they're sticking to it.

On another note, Kanye West is on the Vermont ballot. I'm going to frame it, because in 100 years a ballot with both Trump and West will be worth a mint on Antiques Roadshow.

^i just saw an episode w/ a million dollar painting. 

our antique road show "drinking" game is, if there's a million dollar antique, you take 1000mics. 

From one of the country's top tax law professors:

https://www.justsecurity.org/72604/ten-quick-takeaways-from-the-new-york...

Ten Quick Takeaways from the New York Times’ Bombshell Article on Trump’s Tax Returns

1) Tax is the least of it.

2) Trump appears to be an absolutely terrible businessman.

3) As a matter of net worth, Trump appears not to be rich (despite his having inherited a large fortune).

4) There is nothing wrong in principle with using true economic losses to offset the tax that would otherwise be due on gains – but it also isn’t clever tax planning.

5) The ongoing IRS audit dispute regarding a $72.5 million loss deduction looks very bad for Trump.

6) The consulting fees that Trump’s various foreign businesses paid to Ivanka Trump and others look potentially fraudulent.

7) Other improper deductions that may have been claimed fraudulently.

8) Trump appears to have used substantial foreign losses to offset tax that would otherwise have been due on domestic source income.

9) The 2013 Miss Universe Pageant in Moscow raises troubling issues (albeit not tax-related) about the potential funneling of cash from a Putin associate to Trump.

10) There is an old saying that one can never detect tax fraud purely on the face of a tax return – but this comes closer than usual.

You're chowing down 1000 mics at 8:52 on a Monday night? I haven't done that in about 30 years. That's a damn commitment!

Was that Rolex worth a million?

The bird is the word.

Papa-oo-mow-mow.

Comet O'Papa.

6, thanks for your very thoughtful response. Yes, I think we do agree on most things. 

I LOVE YOU GUYS

$130,000 to screw Stormy and only $750 to SCREW AMERICA!!!!!!!!

>>>>The returns only tell us that he has the debts, not who he has to pay back

And don't you think some of those people who he owes millions to want him to succeed so they can get their money back.   And some might even willing to pay to help him succeed so they can get their money back.   

>>>And I have to give Melania credit, she's clearly not the gold digger I assumed.

Well, she might have been but can't divorce him or half the debt is hers.  Now you know why she looks petrified all the time.   

Aberdeen was collapsing from the overall financial crisis and the--locally--far worse collapse of North Sea Oil. Property values were shrinking. Trump Aberdeen saw the same process--no development, but huge loans from Trump and huge increase in claimed asset value.

Those loans are actually spent. Here is Page 10. You see: major outflows of cash for operations and capital. The cash on hand at end of year is only £94K. Again--this happens in years when he spends no money on developing the course or resort.

There's much more to say--each line here is fascinating. But the overall picture is crystal clear: Every year, Trump lends millions to himself, spends all that money on something, and claims the asset is worth all the money he spent.

He cannot have spent all that money on the properties. We have the planning docs. We know how much he spent--it's far less than what he claims. The money truly disappears. It goes from one pocket to another pocket and then the pocket is opened to reveal nothing is there.

A bit of this could be explained as tax avoidance or fraud. But he is going to enormous effort to falsify upwards the overall valuation of the property--the opposite of what he'd do if this was solely tax fraud.

Instead, this is a huge effort to mask a money pit as an appreciating asset--in other words, one he can't write off. That is why I am skeptical of the idea that this is all his own money. I have shown these docs to many accountants, lawyers, prosecutors, FBI agent, etc.

Nobody has come up with a plausible legitimate reason for these accounting shenanigans. And all agree it's a bit ornate and not quite right for simple tax avoidance. The most likely explanation is, of course, money laundering.

Remember: these are the cleanest financials we have from the Trump Org. They are audited and made public because of UK rules. So, whatever is going on here should be the least sketchy thing he's doing. Please please please check my math and my analysis.

You can do this at home. Go to: https://beta.companieshouse.gov.uk search "Trump International Golf" and open the FULL ACCOUNTS for each year. You see a clear trend: From 2005 to 2010, the disappearing cash is relatively low--a million or two a year.

Then it grows and grows from 2010 to 2016, far outpacing his actual spending. Then, when he becomes president, it all stops. It just remains at its inflated value without the annual loan. Which is weird, ...

The family was claiming to be preparing a massive investment and surely needed money for architects, designers, planning docs, lawyers, etc. Why would he turn off this mechanism in 2017?

I am blown away by the NYT reporters work. A great 40,000 foot view of the whole forest. But you also have to look at each tree and see what is going on. These financials are clear: this is not a golf business, it's a money disappearing business.

Oh, forgot to make the most obvious point: If this is a money disappearing business and it is not only tax fraud, then he is making money disappear for somebody else and charging some sort of fee. Which might explain why a money-losing golf course pays huge fees to its owner.

https://twitter.com/adamdavidson/status/1310929478030426112

Jail for all of them 

justice to prevail?

hi Bry FOAD

lol @ LLTD. And I really liked that I didn't have to consult the Urban Dictionary to understand FOAD.