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

[Anonymous]

Anonymous wrote:

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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.

Well, clearly, this thread proves that you are wrong. As you can see from the reactions in this thread, people are accusing Trump of breaking the law due to their lack of understanding of real estate investments, depreciation, and debt leverage. I grant that the lay person can understand other people's tax returns which are similar to theirs - within a few multiples, but not an order of magnitude or more. Heck, I would even grant that most people would be able to digest financial information if they could rely on a fair and balanced media to provide useful analysis and context. We are in an environment where the media is there to hide/distort the truth on both sides - Fox, MSNBC, CNN, and NYT, to name a few. The common lay person simply has no relevant knowledge or reliable authority to make any meaningful judgement on the information. Again, the wild accusations thrown around in this thread *PROVES* this point.

[Anonymous]

Anonymous wrote:

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.

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

Only per financial disclosure requirements, which Trump has satisfied as far as I can tell. Aside from those financial disclosures, everyone who has a clearance enjoys privacy of their other financial information. Trump is no different.

It’s pretty clear that there’s a lot of lying in the financial disclosures.

[Anonymous]

hahaha. Trump fan boys. Wake up before it's too late.

[Anonymous]

Anonymous wrote:Base won’t care

They aren’t smart enough to understand. Just look at the fools that attend his rallies... too bad they don’t serve em koolaid.

[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.

That 421 million are completion guarantees for real estate under construction. There is a yugge difference between a repayment guarantee than a completion guarantee. The costs/value behind that guarantee is 640 million.

[Anonymous]

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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.

No. He is a fraud who is up to his eyeballs in debt and is screwed once it is due. As well as when he loses to the IRS. What a fraud. And what losers his supporters continue to be. Pathetic n

That's fine, you can hold those views if you are so inclined. But that's beside the point. The point here, as raised by previous posters, is that these tax numbers absent any other context are perfectly normal. If you insist that he is a fraud, that's a different discussion.

[Anonymous]

#basedoesn'tcare

But what makes me sick is that billionaires pay NOTHING and then when the public says to pay their fair share and get rid of the loopholes, it's SOCIALISM. I personally do everything I can to not buy from US companies, just foreign companies where the product is made here (e.g. Subaru from Lafayette, IN). Screw the system and all these CEOs/billionaires/Trump who live off the backs of everyone else.

[Anonymous]

Anonymous wrote:

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.

No. He is a fraud who is up to his eyeballs in debt and is screwed once it is due. As well as when he loses to the IRS. What a fraud. And what losers his supporters continue to be. Pathetic n

That's fine, you can hold those views if you are so inclined. But that's beside the point. The point here, as raised by previous posters, is that these tax numbers absent any other context are perfectly normal. If you insist that he is a fraud, that's a different discussion.

Paying your grifter daughter $750k for “services” so you don’t have to pay taxes is something.

[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.

You are a sad sad soul. It's not the tax returns dummy. It's the fact that he is actually broke. He was never a good business man and you guys fell for it. Who's the idiot? His loans will come due in 2022. He doesn't have the money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

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

Only per financial disclosure requirements, which Trump has satisfied as far as I can tell. Aside from those financial disclosures, everyone who has a clearance enjoys privacy of their other financial information. Trump is no different.

It’s pretty clear that there’s a lot of lying in the financial disclosures.

Well, that's for the relevant auditors or reviewers to decide. The point here is that Trump enjoys some level of privacy to his financial information, contrary to the claims above.

[Anonymous]

Anonymous wrote:

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.

No. He is a fraud who is up to his eyeballs in debt and is screwed once it is due. As well as when he loses to the IRS. What a fraud. And what losers his supporters continue to be. Pathetic n

That's fine, you can hold those views if you are so inclined. But that's beside the point. The point here, as raised by previous posters, is that these tax numbers absent any other context are perfectly normal. If you insist that he is a fraud, that's a different discussion.

There’s a ton in there that’s not perfectly normal.

[Anonymous]

We all knew Trump is a fat, lying bullshitter but add to that BIG TIME DEBTOR.

This is a major national security concern.

You cannot have a sitting President whose creditors are into him for more than $700+ million dollars.

Fat
Liar
Bullshitter
Con-man
Braggart
Clown
Debtor
Pauper

[Anonymous]

If it isn't true then he can provide his returns. Serving presidents returns should be public.

Income tax evasion got one criminal, Al Capone, the second criminal, Donald J. Trump. If they filed jointly, I hope Melania gets used to Nikes. No stilletos in prison.

[Anonymous]

Anonymous wrote:After reading the story, I truly believe that he did NOT want to President. It was just a way to get his name out there. He was going broke and needed a boost.

The article also says that he is personally on the hook for about 500M in loans in 2022. He can't afford to lend his campaign money. He doesn't have any.

I think that’s right. He did it to boost his brand. But why run again then?!

[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.

You are a sad sad soul. It's not the tax returns dummy. It's the fact that he is actually broke. He was never a good business man and you guys fell for it. Who's the idiot? His loans will come due in 2022. He doesn't have the money.

You know that he is broke, how? What proof do you have? The NYT article did not provide proof, it's an article based on unpublished documents from an anonymous source.