The BIG ONE: 20 years of Trump taxes obtained by NYTs

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let’s discuss the national security implications of a President being this far in debt and hiding it.

Debt is mostly non-recourse on real estate, meaning the borrower doesn't have to pay it back if foreclosed upon. You people are just plain stupid - imrussia fail, impeach fail, covid fail, blm fail and now taxes fail

If you default on real estate, they take your property.

I'm totally fine with the U.S. owning Trump Tower NYC and Trump Hotel D.C. Then auctioning them off to the highest bidder. Let's go. Give us our land.

Silly troll, the federal government already owns the trump hotel dc. They did a 99 year lease and trump was the highest bidder

He's trying to sell it since it's the only property currently worth anything. And at least somewhat liquid.

[Anonymous]

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Anonymous wrote:

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Anonymous wrote:You lefties know what carried interest means, do the same as 45 yet try to bury him. Sorry, won't work.

I do. And I hate it. Anyone who earns money on carried interest is scum and has no business in politics, let alone living anywhere bit the Cayman Islands.

I'm a single issue voter on this. Carried interest is against my religion.

We have carried interest income. We usually end up paying around 30% rate.

Okay. I don't literally mean everyone. I'm really talking about those hedge fund managers who don't seem to pay any taxes on their big profits.

They do pay taxes on it. Just cap gains rates. Which actually aren’t that different from ordinary rates. Lower. But not that much lower.

Ok. Then I am not as well informed on this as I thought. It's also not relevant to Trump, so I will study it some other time.

[Anonymous]

Anonymous wrote:Big nothing, common with real estate

Paying between $0-750 income taxes is common in real estate? Reaaaally?

[Anonymous]

Anonymous wrote:This is what will make the military turn on Trump. Even your lowliest enlisted grunt pays more in taxes in a few months of service.

They will be chomping at the bit to frog March this fraud out of the White House.

Do you really think it will? I feel like anyone who's going to be disgusted by this, is already voting for Biden.

Maybe I am too cynical - living with four years of Trump will do that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let’s discuss the national security implications of a President being this far in debt and hiding it.

Debt is mostly non-recourse on real estate, meaning the borrower doesn't have to pay it back if foreclosed upon. You people are just plain stupid - imrussia fail, impeach fail, covid fail, blm fail and now taxes fail

So you're saying that Trump will not have a problem with losing his properties through foreclosure. I mean, it's not like he cares about optics AT ALL.

Trump, like any real estate developer doesn't get more than 60% leverage on hotels. This non recourse debt is typically less than 50% leverage when it comes due in 5 to 10 years. Easily refinanced or sold to pay off debt... no bad optics

[Anonymous]

Anonymous wrote:The big deal is that he took so many deductions for lifestyle stuff. No wonder the IRS is going after him for more than $70 million. What a crook.

The IRS is after that money because he claimed that he abandoned all an investment without retaining the value when he actually kept 5%. Not OK.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You lefties know what carried interest means, do the same as 45 yet try to bury him. Sorry, won't work.

I do. And I hate it. Anyone who earns money on carried interest is scum and has no business in politics, let alone living anywhere bit the Cayman Islands.

I'm a single issue voter on this. Carried interest is against my religion.

We have carried interest income. We usually end up paying around 30% rate.

Okay. I don't literally mean everyone. I'm really talking about those hedge fund managers who don't seem to pay any taxes on their big profits.

They do pay taxes on it. Just cap gains rates. Which actually aren’t that different from ordinary rates. Lower. But not that much lower.

Ok. Then I am not as well informed on this as I thought. It's also not relevant to Trump, so I will study it some other time.

I definitely think a legitimate criticism is that people pay cap gains instead of ordinary rates. And I would not be opposed to doing that even though we would end up paying more. I just don’t think people realize it doesn’t end up being they different once you actually calculate it. We would pay a little more. But this isn’t a situation like Trump where we (or they) are paying $750. We are paying more than 1/3 of our income in taxes. Which is a higher effective rate than many people. As it should be. Because we make more.

[Anonymous]

Anonymous wrote:Big nothing, common with real estate

he personally guaranteed 421 million, 100 million coming due in a year. And he has no cash in hand.

He avoided taxes by paying consulting fees of $747,622 to a firm. That same year, according to her financial disclosure, the firm paid Ivanka Trump exactly $747,622. That’s Tax fraud plain and simple!

He went on a buying spree with Apprentice money and got caught in a bind when they money began to dry up. Bad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The big deal is that he took so many deductions for lifestyle stuff. No wonder the IRS is going after him for more than $70 million. What a crook.

The IRS is after that money because he claimed that he abandoned all an investment without retaining the value when he actually kept 5%. Not OK.

At a minimum he loses the money plus interest even if they find it a tax error and not fraud.

[Anonymous]

This is just unreal

[Anonymous]

Anonymous wrote:

Anonymous wrote:Big nothing, common with real estate

Paying between $0-750 income taxes is common in real estate? Reaaaally?

Yea, but it's more complicated than that of course. One of the big benefits with investment in real estate is depreciation, which you can manage strategically to minimize tax liabilities. However, you do eventually have to realize the gains. I'm partner in a building project which has been using depreciation to offset gains elsewhere. However, eventually when the building is done and sold, we have the capture and realize all gains, including the deductions we took.

This is all perfectly normal. Anyone who thinks it's a big deal is ignorant.

[Anonymous]

Any Trump supporter want to get to the nitty-gritty here? We can stipulate that you really don’t want to vote for him but unfortunately The Radical Left is forcing you at gunpoint to vote for someone who claimed $26M in deductions for consulting fees paid to his adult children, officers in the company?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Big nothing, common with real estate

Paying between $0-750 income taxes is common in real estate? Reaaaally?

Yea, but it's more complicated than that of course. One of the big benefits with investment in real estate is depreciation, which you can manage strategically to minimize tax liabilities. However, you do eventually have to realize the gains. I'm partner in a building project which has been using depreciation to offset gains elsewhere. However, eventually when the building is done and sold, we have the capture and realize all gains, including the deductions we took.

This is all perfectly normal. Anyone who thinks it's a big deal is ignorant.

No. He is fighting a $70 million dollar audit with the IRS because they do not believe him.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Big nothing, common with real estate

he personally guaranteed 421 million, 100 million coming due in a year. And he has no cash in hand.

He avoided taxes by paying consulting fees of $747,622 to a firm. That same year, according to her financial disclosure, the firm paid Ivanka Trump exactly $747,622. That’s Tax fraud plain and simple!

He went on a buying spree with Apprentice money and got caught in a bind when they money began to dry up. Bad.

... He personally guaranteed $421?

What?!?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The big deal is that he took so many deductions for lifestyle stuff. No wonder the IRS is going after him for more than $70 million. What a crook.

The IRS is after that money because he claimed that he abandoned all an investment without retaining the value when he actually kept 5%. Not OK.

At a minimum he loses the money plus interest even if they find it a tax error and not fraud.

It doesn’t sound like he’d be comfortable losing $70+ million dollars or he wouldn’t have been fighting it for ten years.