Someone leaked Trump's 1995 tax returns

[Anonymous]

His only error was talking shit about non tax payers on twitter. Pretty hypocritical.

[Anonymous]

Anonymous wrote:

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.

Yes stated that you couldn't know because he hadn't disclosed his returns. Thus implying that if he had disclosed his returns you would know. Or anyone would know.

[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.

Do you know Jeff Bezos owns a big chunk of Amazon, Mark Zukerberg owns a big chunk of facebook and so on .... When the companies owned by Jeff Bezos and Mark Zukerburg take the exact same type of losses to minimize their companies' taxes, who benefited the most? Jeff Bezos and Mark Zukerburg the persons.

[Anonymous]

Anonymous wrote:

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.

Tax returns combined with other information about financial regulations, Real estate laws, tax laws in various jurisdictions, Deals made, where investors and lenders are from etc will together give a picture about legality of a business. Tax returns is a significant element.

[Anonymous]

Anonymous wrote:

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.

Do you know Jeff Bezos owns a big chunk of Amazon, Mark Zukerberg owns a big chunk of facebook and so on .... When the companies owned by Jeff Bezos and Mark Zukerburg take the exact same type of losses to minimize their companies' taxes, who benefited the most? Jeff Bezos and Mark Zukerburg the persons.

Wrong. Publicly traded companies.

Now if they sell stock at a loss, they can take a $3,000/year carry over against future capital gains.

[Anonymous]

Anonymous wrote:

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.

Do you know Jeff Bezos owns a big chunk of Amazon, Mark Zukerberg owns a big chunk of facebook and so on .... When the companies owned by Jeff Bezos and Mark Zukerburg take the exact same type of losses to minimize their companies' taxes, who benefited the most? Jeff Bezos and Mark Zukerburg the persons.

But those are public companies and their details are available to all and it is transparent. We know nothing about Trump and his business except for what he claims. What Trump Uni students, vendors, contractors etc say are negative. Are we all chumps to believe someone's claims but not verify?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Do you know Jeff Bezos owns a big chunk of Amazon, Mark Zukerberg owns a big chunk of facebook and so on .... When the companies owned by Jeff Bezos and Mark Zukerburg take the exact same type of losses to minimize their companies' taxes, who benefited the most? Jeff Bezos and Mark Zukerburg the persons.

Wrong. Publicly traded companies.

Now if they sell stock at a loss, they can take a $3,000/year carry over against future capital gains.

Please tell me this is a misstatement on your part. You cannot be this stupid and operate a computer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Tax returns combined with other information about financial regulations, Real estate laws, tax laws in various jurisdictions, Deals made, where investors and lenders are from etc will together give a picture about legality of a business. Tax returns is a significant element.

This is nonsense. You will not be able to access the underlying deal documentation. Or are we changing the goal posts? Now candidates must not only disclose their tax returns and provide financial statements but must also disclose publicly all the details concerning each transaction? What are you going to say to the counterparties who don't want that disclosed? Tough? Most of these are protected by NDAs. Or is that simply irrelevant?

[Anonymous]

Anonymous wrote:His only error was talking shit about non tax payers on twitter. Pretty hypocritical.

same as blasting American manufacturers for outsourcing when he does the same damn thing.

[Anonymous]

You think the IRS is now going to go after him even more due to the publicity and public pressure?

[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.

I don't think you realize what the SNOPES link says. In addition to debt he owed to the banks, Trump had personal liabilities of 900 million - this is the portion that ultimately made it as a NOL carry forward on his tax return. One can only deduct loses of what he actually lost. You can't deduct loses of money you borrowed from someone else. Let me rephrase that: a settled loan that results in a reduction in amount of principal paid back to lender immediately results in the lender writing off the lost principal and the borrower recognizing the lost principal as income, which then washes against the actual operating loss. Simplified illustration:

Bank lends $100 at 0% interest rate
Borrower puts in $50 of his own money
Borrower has net operating loss of $75, settles loan for $50
Bank writes off $50 in losses, Borrower must now recognize $50 in income.
Borrower tax math: $50 income from unpaid principal, minus $75 in operating loss, results in $25 of net operating loss, which is exactly the amount of his own money that he lost, and is what he can report on the tax return. The borrower does not get to claim $75 in operating loss.

[Anonymous]

At the end of it all Trump took a yuuge gamble and lost big time, something he does all the time, resulting in several bankruptcies.

His businesses have lost customers since he started his campaign. The campaign is a net negative for him- lost customers, negative PR, Lost revenue, exposure to law suits and not winning the presidency. Trumpkins cant afford to be his customers.

[Anonymous]

http://www.nytimes.com/2016/10/04/nyregion/donald-trump-taxes-debt.html

And adding to it, he bundled much of the failed asset class into an IPO which later collapsed.

[Anonymous]

Anonymous wrote:You think the IRS is now going to go after him even more due to the publicity and public pressure?

I hope so, just as they would come after the poor and middle class relentlessly with fines, interests, garnishments, and anything else the IRS could do.

[Anonymous]

How does one bankrupt a casino - a venture where the odds are always for the house? This is one of the reasons why Indian tribes want to open casinos, because it's almost a sure bet.

And do you Trumpsters realize that Trump was able to come back from the bankruptcy because he didn't have to pay the money back? He shafted the NJ taxpayers with the help of Christie.