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

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm guessing a lot of people have never taken depreciation on real estate.

I have. That's a lot of depreciation, but that isn't the only issue on his returns. He has huge debts. This is what I always thought. It just reinforces my belief that he is actually broke on paper, staying just one step ahead his creditors.

Leverage, like depreciation, is part and parcel of anyone who is in real estate. You may as well blame a hokey player for having skates and a stick.

Yeah, I get it. So why did he hide it? You and I both know there only two reasons, one of which has just been confirmed and the other is under investigation by the DA.

Because he knows that ignorant people like many people in this thread would not understand and become useful idiots to Democrats looking to vilify him.

Yup, I'm ignorant, and I vote. Sorry he was afraid to just tell the truth. That's even worse.

*shrug*, I commend you on taking your civic duties seriously. Regardless of how you decide who to vote for, the important things is that you give it some thought and participate in the process. The more people that do this, the less useful idiots there would be. The reason wealthy people who have not broken any laws keep their finances private is for the same reason why lawyers advise innocent people to not talk to the police without representation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Big nothing, common with real estate

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

That PPP was a lying joke. I pay more any taxes on a condo I rent out.

[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.

Then why hasn't he released them if NBD?

[Anonymous]

Anonymous wrote:He can't run away from the $421 million personal guarantee due in the next 4 years. Argue away the real estate shell game. The $421 is the real story.

This. It's a massive conflict of interest with his role as President. Remember when he pressured the Fed to drop rates? This is why Presidents must release their tax returns.

[Anonymous]

Anonymous wrote:When you own real estate you are allowed to roll over depreciation that's all this is, but the news will make a big deal out of it. The disclaimer at the end says it all "but they do not reveal his true wealth. Nor do they reveal any previously unreported connections to Russia."

No, not forever. It sounds like he has paid very little to no income taxes for more than 20 years.

My mother is a published author and she pays no income tax because she expenses conferences and basically has very little income.

When I see people who pay no income tax for decades, I don't think they're rich or smart. I think they're dumb and broke.

[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.

Do you really think Donald’s irs is going after that money now.

[Anonymous]

Anonymous wrote:

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.

Then why hasn't he released them if NBD?

As I already answered else where, because there are ignorant people, like the numerous ones on this thread, who would not understand that this is no big deal, and become useful idiots to Democrats looking to hurt Trump.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm guessing a lot of people have never taken depreciation on real estate.

I have. That's a lot of depreciation, but that isn't the only issue on his returns. He has huge debts. This is what I always thought. It just reinforces my belief that he is actually broke on paper, staying just one step ahead his creditors.

Leverage, like depreciation, is part and parcel of anyone who is in real estate. You may as well blame a hokey player for having skates and a stick.

Yeah, I get it. So why did he hide it? You and I both know there only two reasons, one of which has just been confirmed and the other is under investigation by the DA.

Because he knows that ignorant people like many people in this thread would not understand and become useful idiots to Democrats looking to vilify him.

Yup, I'm ignorant, and I vote. Sorry he was afraid to just tell the truth. That's even worse.

*shrug*, I commend you on taking your civic duties seriously. Regardless of how you decide who to vote for, the important things is that you give it some thought and participate in the process. The more people that do this, the less useful idiots there would be. The reason wealthy people who have not broken any laws keep their finances private is for the same reason why lawyers advise innocent people to not talk to the police without representation.

Trump isn't "a rich person", he's a public servant. And apparently he's not actually rich either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

ALL THIS. Deny it and you’re just a base, detestable liar.

It’s not tax fraud to pay your kids. Mine are on payroll. I pay consultants as well, many are my friends. If I’m going to pay someone for a service, it might as well be someone I know.

Do you pay consulting fees to your employees?

[Anonymous]

Trump sucks so bad. How is he our President?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm guessing a lot of people have never taken depreciation on real estate.

I have. That's a lot of depreciation, but that isn't the only issue on his returns. He has huge debts. This is what I always thought. It just reinforces my belief that he is actually broke on paper, staying just one step ahead his creditors.

Leverage, like depreciation, is part and parcel of anyone who is in real estate. You may as well blame a hokey player for having skates and a stick.

Yeah, I get it. So why did he hide it? You and I both know there only two reasons, one of which has just been confirmed and the other is under investigation by the DA.

Because he knows that ignorant people like many people in this thread would not understand and become useful idiots to Democrats looking to vilify him.

Yup, I'm ignorant, and I vote. Sorry he was afraid to just tell the truth. That's even worse.

*shrug*, I commend you on taking your civic duties seriously. Regardless of how you decide who to vote for, the important things is that you give it some thought and participate in the process. The more people that do this, the less useful idiots there would be. The reason wealthy people who have not broken any laws keep their finances private is for the same reason why lawyers advise innocent people to not talk to the police without representation.

The reason politicians release their tax returns is so stupid people like me can see they are transparent. If you don't want to do this, don't go into politics. People might think yoi are hiding something. And apparently they'd be right. I assumed he paid $0 tax and he didn't want me to know that, and voted accordingly. Now I see he paid $0, he's right, I don't like it, and I'm still voting the same way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Then why hasn't he released them if NBD?

As I already answered else where, because there are ignorant people, like the numerous ones on this thread, who would not understand that this is no big deal, and become useful idiots to Democrats looking to hurt Trump.

Which means it's a big deal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm guessing a lot of people have never taken depreciation on real estate.

I have. That's a lot of depreciation, but that isn't the only issue on his returns. He has huge debts. This is what I always thought. It just reinforces my belief that he is actually broke on paper, staying just one step ahead his creditors.

Leverage, like depreciation, is part and parcel of anyone who is in real estate. You may as well blame a hokey player for having skates and a stick.

Yeah, I get it. So why did he hide it? You and I both know there only two reasons, one of which has just been confirmed and the other is under investigation by the DA.

Because he knows that ignorant people like many people in this thread would not understand and become useful idiots to Democrats looking to vilify him.

Yup, I'm ignorant, and I vote. Sorry he was afraid to just tell the truth. That's even worse.

*shrug*, I commend you on taking your civic duties seriously. Regardless of how you decide who to vote for, the important things is that you give it some thought and participate in the process. The more people that do this, the less useful idiots there would be. The reason wealthy people who have not broken any laws keep their finances private is for the same reason why lawyers advise innocent people to not talk to the police without representation.

Trump isn't "a rich person", he's a public servant. And apparently he's not actually rich either.

LOL, okay. Trump is not rich, he is barely middle class, just like the rest of us DCUM working stiffs. Happy?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm guessing a lot of people have never taken depreciation on real estate.

I have. That's a lot of depreciation, but that isn't the only issue on his returns. He has huge debts. This is what I always thought. It just reinforces my belief that he is actually broke on paper, staying just one step ahead his creditors.

Leverage, like depreciation, is part and parcel of anyone who is in real estate. You may as well blame a hokey player for having skates and a stick.

Yeah, I get it. So why did he hide it? You and I both know there only two reasons, one of which has just been confirmed and the other is under investigation by the DA.

Because he knows that ignorant people like many people in this thread would not understand and become useful idiots to Democrats looking to vilify him.

Yup, I'm ignorant, and I vote. Sorry he was afraid to just tell the truth. That's even worse.

*shrug*, I commend you on taking your civic duties seriously. Regardless of how you decide who to vote for, the important things is that you give it some thought and participate in the process. The more people that do this, the less useful idiots there would be. The reason wealthy people who have not broken any laws keep their finances private is for the same reason why lawyers advise innocent people to not talk to the police without representation.

People with security clearances don't get to keep their finances private. If you don't know why, then you are a useful idiot.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Then why hasn't he released them if NBD?

As I already answered else where, because there are ignorant people, like the numerous ones on this thread, who would not understand that this is no big deal, and become useful idiots to Democrats looking to hurt Trump.

Which means it's a big deal.

Only to ignorant people. Trump can't help it if there are ignorant people. What he can do is try to keep his finances private to the extent he can. It's been tough, as you can see.