Someone leaked Trump's 1995 tax returns

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

How do you know he put his own money? Because he said so? Show us credible proof that he put his money down and that is the $1billion loss. Otherwise you are the one without credibility and that makes you a conned trumpkin.

The bankruptcy of the Taj is public record. Feel free to look it up. I am not here to do your work.

The idiot when exposed runs away because it is a lie. It is your job to prove your case otherwise it is a lie. I am not questioning the bankruptcy of trump tajmahal. But it was not his money he lost, it was banks money. Trump in the early1990s was not that rich to loan himself $1Billion. Do some math before you post. It shows your lack of intelligence and critical thinking ability. Bye.

Actually, the person making the original assertion must prove the case. And the original assertion is at the very top of this quote nest, which is that Trump's tax return losses were borrowed money from banks - in other words, he borrowed $X dollars from banks, lost it, didn't pay the banks back and all the while claiming the loss on his tax return.

I'm shaking my head in disbelief. Here you are typing passionately about a subject you obviously have zero knowledge of.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I see Hillary supporters making excuses for Amazon taking the exact same deduction. Amazon lost a lot of money on eCommerce for 20 years. How many mom and pop shops can survive running a loss for 20 years? It's not technology that Amazon crushes competition. It's the no sales tax for many years and artificially low prices due to big operating losses.

Taking the deduction isn't the issue. That Donald J Trump, the self made billionaire is neither self made, and probably not a billionaire is the issue. Yes, he didn't pay taxes and live opulently during that period on the backs of every working man and woman in the US who are "not smart" by his definition, is the issue.

Why do the conservatives keep banging the drum as if the tax avoidance is the issue? It isn't and it just makes you look more pathetic when you repeat the likes of Hannity without your own original thoughts.

You were incoherent and didn't have any original thought. How does three pages of one year tax return tell you a) whether he is self made and b) a billionaire? Are you this clueless? If the line of almost a billion tax deduction is not what we are discussing here then what else on that tax return is an interest of you? You know every billionaire, Jeff Bezos, Warren Buffet, George Soros, the big HFs supporting Hillary all took massive losses on their tax returns when they incurred them. It's within the tax code and foolish people don't become billionaires.

He started with a million dollars and then took out loans against his dad's money to the tune of an additional $13 million. Add to that his inheritance. Records show that if he had just put his inheritance into index funds, he would have done much better than he has playing reckless with the banks and vendors livelihoods.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

You say this as if it were fact and as if it were passive. TRUMP failed. How does one fail in a regulated industry like casinos? You have to be a moron. He over-extended and didn't use sound business practices - something that real business people like Steve Jobs and Warren Buffet do do. And how does he make up for the shattering of Atlantic City? He stiffs his vendors, causes thousands to lose jobs that they had for decades and then declares personal bankruptcy and takes the carryover loss on his personal taxes.

How is that genius? Well I guess it is if you are looking out for yourself, but the way Trump had it set up, he had no responsibility to anyone else - the banks, the plumbers, the housekeeping, or anyone else.

All may be legal, but it isn't Presidential leadership.

Steven Jobs almost killed Apple and no one has ever commended his business genius. His creative genius and drive, yes. But never his business genius.
Warren Buffet has made a fortune buying distressed companies and trying to turn them around. Some with more success than others. But during the course of that he has taken advantage of bankruptcy laws and has closed companies putting thousands out of work.

I no where said I thought Trump was a competent business man. Or that his failure was attributable to anything other than ineptitude. But st least I am trying to use facts and not the shrill shrieking of Vice or Vox or Rachel Maddow.

And before you pontificate about business structures you should really learn the basics. Then you would know why you screed about S-corps shoes laughable ignorance.

I own two S-Corps, so nice try there.

Trump's validity as a candidate was based on being a competent businessman. He isn't.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So basically because he was a horrible businessman, he took a 900 Million loss and has been amortizing it for decades in tax avoidance.

So we are all chumps for paying our 30% or whatever while he freeloads on the government and then bases his campaign on poor government and his business acumen.

Ya, he's smart.

Asshole.

Where's your outrage for the TRILLIONS Google, Facebook, Exxon, Amazon, General Electric, etc. dodge? Trump is small potatoes.

Those are ALL corps. Trump's PERSONAL deduction in 1995 was 1.9% of NATIONWIDE total.

I don't think Trumpsters understand the difference between personal and corporate tax returns. If Trumpsters want to talk about corporate tax returns, then by all means, let's drudge up the Trump organization tax returns and see how much that organization actually paid. And btw, those other corporations are all public, meaning they answer to shareholders, and shareholders, including individuals who own shares through mutual funds, make money off of those companies. Trump Org. is private. Only the Trump family really makes money off of those loopholes.

Trump Hotels went public by the IPO which transferred liabilities arising from Trump's disastrous business decisions to a larger pool of shareholders while rewarding Trump with a generous salary, licensing fees, ground lease payments, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

You say this as if it were fact and as if it were passive. TRUMP failed. How does one fail in a regulated industry like casinos? You have to be a moron. He over-extended and didn't use sound business practices - something that real business people like Steve Jobs and Warren Buffet do do. And how does he make up for the shattering of Atlantic City? He stiffs his vendors, causes thousands to lose jobs that they had for decades and then declares personal bankruptcy and takes the carryover loss on his personal taxes.

How is that genius? Well I guess it is if you are looking out for yourself, but the way Trump had it set up, he had no responsibility to anyone else - the banks, the plumbers, the housekeeping, or anyone else.

All may be legal, but it isn't Presidential leadership.

Steven Jobs almost killed Apple and no one has ever commended his business genius. His creative genius and drive, yes. But never his business genius.
Warren Buffet has made a fortune buying distressed companies and trying to turn them around. Some with more success than others. But during the course of that he has taken advantage of bankruptcy laws and has closed companies putting thousands out of work.

I no where said I thought Trump was a competent business man. Or that his failure was attributable to anything other than ineptitude. But st least I am trying to use facts and not the shrill shrieking of Vice or Vox or Rachel Maddow.

And before you pontificate about business structures you should really learn the basics. Then you would know why you screed about S-corps shoes laughable ignorance.

I own two S-Corps, so nice try there.

Trump's validity as a candidate was based on being a competent businessman. He isn't.

Given your apparent understanding of them, my guess is they are failing.

[Anonymous]

Anonymous wrote:The next shoe is about to drop

https://www.google.com/amp/amp.timeinc.net/fortune/2016/10/04/donald-trump-tax-returns-salary-irs/%3fsource=dam?client=safari

Key words from the article: "Could have", "might have", "likely", "seems".

Again, more reasons why Trump should not release his tax returns, because this is what qualifies as analysis.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

How do you know he put his own money? Because he said so? Show us credible proof that he put his money down and that is the $1billion loss. Otherwise you are the one without credibility and that makes you a conned trumpkin.

The bankruptcy of the Taj is public record. Feel free to look it up. I am not here to do your work.

The idiot when exposed runs away because it is a lie. It is your job to prove your case otherwise it is a lie. I am not questioning the bankruptcy of trump tajmahal. But it was not his money he lost, it was banks money. Trump in the early1990s was not that rich to loan himself $1Billion. Do some math before you post. It shows your lack of intelligence and critical thinking ability. Bye.

I am sure you like Snopes. Here. http://www.snopes.com/2016/08/01/donald-trumps-bankruptcies/

"By the following year the casino itself was in debt to the tune of $3 billion, while Trump himself owed some $900 million in personal liabilities."

The link you gave is for 1991 while the leaked tax returns are for 1995. It still doesn't add up. And there are other losses in 1992-1994. Assuming he didn't do anything illegal, which is a big question because we don't have his complete tax returns, my point is that the tax code allows him(or anyone in real estate) to add defaulted bank loans as loss in personal tax return. It is a big loophole that he will not fix and may make it worse if he becomes president.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

How do you know he put his own money? Because he said so? Show us credible proof that he put his money down and that is the $1billion loss. Otherwise you are the one without credibility and that makes you a conned trumpkin.

The bankruptcy of the Taj is public record. Feel free to look it up. I am not here to do your work.

The idiot when exposed runs away because it is a lie. It is your job to prove your case otherwise it is a lie. I am not questioning the bankruptcy of trump tajmahal. But it was not his money he lost, it was banks money. Trump in the early1990s was not that rich to loan himself $1Billion. Do some math before you post. It shows your lack of intelligence and critical thinking ability. Bye.

Actually, the person making the original assertion must prove the case. And the original assertion is at the very top of this quote nest, which is that Trump's tax return losses were borrowed money from banks - in other words, he borrowed $X dollars from banks, lost it, didn't pay the banks back and all the while claiming the loss on his tax return.

I'm shaking my head in disbelief. Here you are typing passionately about a subject you obviously have zero knowledge of.

Look at the snopes link posted by someone above. Or you can google and find it yourself. The point was and it is legal, that he could take banks money , default on it, then take carry over loss in personal tax returns. It is a huge loophole.

[Anonymous]

Loophole, yes, legal, yes, good businessman? Absolutely not.

He is nothing more than a spoiled brat flimflam man.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

How do you know he put his own money? Because he said so? Show us credible proof that he put his money down and that is the $1billion loss. Otherwise you are the one without credibility and that makes you a conned trumpkin.

The bankruptcy of the Taj is public record. Feel free to look it up. I am not here to do your work.

The idiot when exposed runs away because it is a lie. It is your job to prove your case otherwise it is a lie. I am not questioning the bankruptcy of trump tajmahal. But it was not his money he lost, it was banks money. Trump in the early1990s was not that rich to loan himself $1Billion. Do some math before you post. It shows your lack of intelligence and critical thinking ability. Bye.

I am sure you like Snopes. Here. http://www.snopes.com/2016/08/01/donald-trumps-bankruptcies/

"By the following year the casino itself was in debt to the tune of $3 billion, while Trump himself owed some $900 million in personal liabilities."

The link you gave is for 1991 while the leaked tax returns are for 1995. It still doesn't add up. And there are other losses in 1992-1994. Assuming he didn't do anything illegal, which is a big question because we don't have his complete tax returns, my point is that the tax code allows him(or anyone in real estate) to add defaulted bank loans as loss in personal tax return. It is a big loophole that he will not fix and may make it worse if he becomes president.

Please specify which section of the Internal Revenue Code permits this.
Please explain how he is not personally liable.
The fact that the year is 1991 is irrelevant. Given that only three pages from three state tax returns were leaked, there is no way to determine when that loss occurred. It does not say it was incurred in 1995. It says that in 1995 there is an NOL.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I see Hillary supporters making excuses for Amazon taking the exact same deduction. Amazon lost a lot of money on eCommerce for 20 years. How many mom and pop shops can survive running a loss for 20 years? It's not technology that Amazon crushes competition. It's the no sales tax for many years and artificially low prices due to big operating losses.

Taking the deduction isn't the issue. That Donald J Trump, the self made billionaire is neither self made, and probably not a billionaire is the issue. Yes, he didn't pay taxes and live opulently during that period on the backs of every working man and woman in the US who are "not smart" by his definition, is the issue.

Why do the conservatives keep banging the drum as if the tax avoidance is the issue? It isn't and it just makes you look more pathetic when you repeat the likes of Hannity without your own original thoughts.

You were incoherent and didn't have any original thought. How does three pages of one year tax return tell you a) whether he is self made and b) a billionaire? Are you this clueless? If the line of almost a billion tax deduction is not what we are discussing here then what else on that tax return is an interest of you? You know every billionaire, Jeff Bezos, Warren Buffet, George Soros, the big HFs supporting Hillary all took massive losses on their tax returns when they incurred them. It's within the tax code and foolish people don't become billionaires.

He started with a million dollars and then took out loans against his dad's money to the tune of an additional $13 million. Add to that his inheritance. Records show that if he had just put his inheritance into index funds, he would have done much better than he has playing reckless with the banks and vendors livelihoods.

But you didn't learn any of that from the tax return, did you?

You also bought into the media's false narrative about supposedly a higher return on index funds. If you don't work and only live off on gains from index fund, your principal runs out pretty quickly. Large living expenses need to be subtracted, and in years the market had huge losses, the principal would have been eaten up by expenses and losses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

How do you know he put his own money? Because he said so? Show us credible proof that he put his money down and that is the $1billion loss. Otherwise you are the one without credibility and that makes you a conned trumpkin.

The bankruptcy of the Taj is public record. Feel free to look it up. I am not here to do your work.

The idiot when exposed runs away because it is a lie. It is your job to prove your case otherwise it is a lie. I am not questioning the bankruptcy of trump tajmahal. But it was not his money he lost, it was banks money. Trump in the early1990s was not that rich to loan himself $1Billion. Do some math before you post. It shows your lack of intelligence and critical thinking ability. Bye.

Actually, the person making the original assertion must prove the case. And the original assertion is at the very top of this quote nest, which is that Trump's tax return losses were borrowed money from banks - in other words, he borrowed $X dollars from banks, lost it, didn't pay the banks back and all the while claiming the loss on his tax return.

I'm shaking my head in disbelief. Here you are typing passionately about a subject you obviously have zero knowledge of.

Look at the snopes link posted by someone above. Or you can google and find it yourself. The point was and it is legal, that he could take banks money , default on it, then take carry over loss in personal tax returns. It is a huge loophole.

No where ANYWHERE does it state that the NOL was generated from a defaulted loan. Bank or otherwise. That does not generate a loss in any event. If anything, a defaulted loan and subsequent discharge generated income.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

How do you know he put his own money? Because he said so? Show us credible proof that he put his money down and that is the $1billion loss. Otherwise you are the one without credibility and that makes you a conned trumpkin.

The bankruptcy of the Taj is public record. Feel free to look it up. I am not here to do your work.

The idiot when exposed runs away because it is a lie. It is your job to prove your case otherwise it is a lie. I am not questioning the bankruptcy of trump tajmahal. But it was not his money he lost, it was banks money. Trump in the early1990s was not that rich to loan himself $1Billion. Do some math before you post. It shows your lack of intelligence and critical thinking ability. Bye.

I am sure you like Snopes. Here. http://www.snopes.com/2016/08/01/donald-trumps-bankruptcies/

"By the following year the casino itself was in debt to the tune of $3 billion, while Trump himself owed some $900 million in personal liabilities."

The link you gave is for 1991 while the leaked tax returns are for 1995. It still doesn't add up. And there are other losses in 1992-1994. Assuming he didn't do anything illegal, which is a big question because we don't have his complete tax returns, my point is that the tax code allows him(or anyone in real estate) to add defaulted bank loans as loss in personal tax return. It is a big loophole that he will not fix and may make it worse if he becomes president.

Explain how you would determine whether anything was illegal on the basis of a tax return? Complete or not a tax return simply does not provide sufficient information to determine the legality or illegality of and claimed position with respect to any item. It just doesn't.

[Anonymous]

Anonymous wrote:Loophole, yes, legal, yes, good businessman? Absolutely not.

He is nothing more than a spoiled brat flimflam man.

This is the point. Smart businessmen create value for its customers, shareholders, people, community, country, employees and themselves. Google, Microsoft, Apple, Ford,GM, etc are good, if not the best, corporate citizens. What is the value provided by Trumps enterprise to the average American? His voters won't even be allowed to step into any of his properties. His business caters to the rich and the wealthy not to Trumpkins. Trumpkins may get a job here and there WHEN he couldn't get foreign workers. That's about it.

He doesn't pay taxes. He doesn't do any charity of his own. He uses money given by others to charity to buy a portrait of himself and to pay his legal fees. He runs a private company so no duty to public shareholders. So what does he contribute to the society and to America? Nothing. He is a leech that sucks this country and its capitalistic system dry. He is the poster boy for all things that are wrong in capitalism and abuses of excess capitalism.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

How do you know he put his own money? Because he said so? Show us credible proof that he put his money down and that is the $1billion loss. Otherwise you are the one without credibility and that makes you a conned trumpkin.

The bankruptcy of the Taj is public record. Feel free to look it up. I am not here to do your work.

The idiot when exposed runs away because it is a lie. It is your job to prove your case otherwise it is a lie. I am not questioning the bankruptcy of trump tajmahal. But it was not his money he lost, it was banks money. Trump in the early1990s was not that rich to loan himself $1Billion. Do some math before you post. It shows your lack of intelligence and critical thinking ability. Bye.

I am sure you like Snopes. Here. http://www.snopes.com/2016/08/01/donald-trumps-bankruptcies/

"By the following year the casino itself was in debt to the tune of $3 billion, while Trump himself owed some $900 million in personal liabilities."

The link you gave is for 1991 while the leaked tax returns are for 1995. It still doesn't add up. And there are other losses in 1992-1994. Assuming he didn't do anything illegal, which is a big question because we don't have his complete tax returns, my point is that the tax code allows him(or anyone in real estate) to add defaulted bank loans as loss in personal tax return. It is a big loophole that he will not fix and may make it worse if he becomes president.

Explain how you would determine whether anything was illegal on the basis of a tax return? Complete or not a tax return simply does not provide sufficient information to determine the legality or illegality of and claimed position with respect to any item. It just doesn't.

Do you have reading comprehension issues? I never said it is illegal, that's what assuming nothing illegal means.