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.

You understand this goes beyond the tax liability right ? That is just the tip. He is in debt, that he guaranteed. He has to pay up. He is using the federal govt to enrich himself and prop up his business. Problem is he is to stupid to do it right. You trumpeters will harp on the 750.00, and zero tax to deflect. The debt and what he will do to pay it is the real issue. Russian are you listening?

[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.

Yep! Who signed those returns? I prepare returns and won’t let clients take deductions for personal items. I explain the LAW to them and they understand.

[Anonymous]

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.

clearly you did not read the story. It’s not about carried interest.

[Anonymous]

I understand the logic in keeping businessman taxes private because unlike career politicians beho are paid straight salary, business taxes are complicated and don't make sense to the average Joe or above average liberal. Just cause he has losses doesn't mean he hasn't paid taxes through his business or other investments. Income is usually very small for business owners and investors. People are just too ignorant to understand.

[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.

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.

Like I said, I'm stupid, but I'm not that stupid. He didn't want people to see that be paid $0. Of course he doesn't want anyone to see, because stupid people know exactly what that means and they don't like it, even if it's legal.

[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.

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.

You understand this goes beyond the tax liability right ? That is just the tip. He is in debt, that he guaranteed. He has to pay up. He is using the federal govt to enrich himself and prop up his business. Problem is he is to stupid to do it right. You trumpeters will harp on the 750.00, and zero tax to deflect. The debt and what he will do to pay it is the real issue. Russian are you listening?

I have not seen any proof, documentation, or even reasonable analysis based on circumstantial evidence, that would point to Trump having debt which he would not be able to repay. Yet again, debt is a normal component of real estate transactions.

[Anonymous]

Anonymous wrote:

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?!

Run the clock out on prosecutions and stuff the judiciary to curry additional chits to play with billionaires here.

[Anonymous]

Folks: the point is not that Trump has not paid taxes for years and years, it's that he is BROKE. And his biggest debts are coming in over the next four years. He's a con-man and the jig is up.

[Anonymous]

Anonymous wrote:Folks: the point is not that Trump has not paid taxes for years and years, it's that he is BROKE. And his biggest debts are coming in over the next four years. He's a con-man and the jig is up.

Nope. It's both.

[Anonymous]

Anonymous wrote:Folks: the point is not that Trump has not paid taxes for years and years, it's that he is BROKE. And his biggest debts are coming in over the next four years. He's a con-man and the jig is up.

Didn’t everyone with functional neurons know this already?

[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.

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.

Like I said, I'm stupid, but I'm not that stupid. He didn't want people to see that be paid $0. Of course he doesn't want anyone to see, because stupid people know exactly what that means and they don't like it, even if it's legal.

It's not just legal, but it is not even the full facts, which is why anyone who draws conclusions on this is ignorant. Because there are people like you who react the way you do, Trump was perfectly logical in his efforts to keep his finances private.

[Anonymous]

Anonymous wrote:

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.

Where and what projects is he the GC or other prime contractor?

[Anonymous]

So what about the taxes on his $400,000 presidential salary?

[Anonymous]

Oh yeah. THIS is a man who is telling the truth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lol, this is worse than speculation. They don't even show you the document they have, just claim to have the documents. And of course, an anonymous source.

So if they showed you the documents, you'd believe them?

And if authenticity is confirmed. Of course.

Exactly. The fact they can't show any documents (though I'd guess there are people feverishly creating them as we speak) says quite a lot. Never mind the lawsuits!