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

[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?!

Because as a sitting President he’s directing federal government agencies, his campaign, the Republican Party, various PACs, and any other organization that wants to curry favor with him to spend money at his properties. And bringing in almost a billion as a candidate.

[Anonymous]

Anonymous wrote:

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?

You two have proof of this claim?

[Anonymous]

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

He claims he's donated all of it.

[Anonymous]

Anonymous wrote:Big nothing, common with real estate

maybe this should be a spin off thread but if this is true and our tax code is structured so people in certain industries/businesses can live lavish lifestyles and have every comfort, luxury,access to the the best healthcare and education and only pay $750 in income tax and the rest of us pay much much more, is that not outrageous enough?? I mean, sure that is not the presidents fault the he is taking advantage of the tax code but the fact that it works this way needs to be addressed before anything else. It is massively unfair, if true- why are you not outraged by this? Forget freaking immigration reform, we need to reform the tax code!! Otherwise please explain how people in real estate pay their fair share of tax?? I am truly ignorant about how all this works.

[Anonymous]

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.

trump could easily disprove it by releasing his tax returns.

So this is the game?

[Anonymous]

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

Already answered, he donates his salary so no taxes are due on it.

[Anonymous]

Anonymous wrote:

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

He claims he's donated all of it.

It's still income, and the SALT would still necessitate paying taxes on it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Big nothing, common with real estate

maybe this should be a spin off thread but if this is true and our tax code is structured so people in certain industries/businesses can live lavish lifestyles and have every comfort, luxury,access to the the best healthcare and education and only pay $750 in income tax and the rest of us pay much much more, is that not outrageous enough?? I mean, sure that is not the presidents fault the he is taking advantage of the tax code but the fact that it works this way needs to be addressed before anything else. It is massively unfair, if true- why are you not outraged by this? Forget freaking immigration reform, we need to reform the tax code!! Otherwise please explain how people in real estate pay their fair share of tax?? I am truly ignorant about how all this works.

It doesn't work the way The Donald does it. He's doing it wrong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hollly shit.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

That’s going to be the biggest GoFundMe in history.

I will contribute one red cent.

[Anonymous]

Anonymous wrote:

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

Already answered, he donates his salary so no taxes are due on it.

Right, because that's how that works...

[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.

trump could easily disprove it by releasing his tax returns.

So this is the game?

He just said he's not going to.

Lol

[Anonymous]

So what questions do you want Chris Wallace to ask Trump about his taxes during Tuesday's debate?

[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?!

To stay out of prison.

[Anonymous]

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.

Well, his plan to prevent that certainly worked out swimmingly.

[Anonymous]

Fake news. It's fake news.
I've got billions,
Many, many billions.
I'm, like, really rich. OK?

I can't show you my tax returns to prove it, though,
Because I'm under "audit."

Just so you understand.