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

[Anonymous]

Anonymous wrote:So many of you have not clue about how are tax code works, especially if you’re primarily a W-2 employee. What makes real estate such an awesome investment is you can be “profitable” (i.e. have positive cash flow and be putting money in your pocket), while using primarily depreciation (and some other expenses) to reduce the taxable income to almost nothing or even show a loss.

Except building do depreciate. They do decay and require money to be maintained. You are welcome to throw out a few real world examples to educate us.

[Anonymous]

Anonymous wrote:I'm not surprised, he's always been a showman.

But did he actually break any laws over the taxes? I thought people were expecting tax fraud? So far there isn't any that I can tell.

That's because you haven't seen the documents he used to value his properties to gain loans. Do you know who has? The NY AG. So getting Trump's taxes will conclusively prove one way or another whether there is bank fraud. The fact that Trump is fighting it so much seems to suggest we will fine something is amiss. Know why? An innocent person wouldn't be fighting this hard.

[Anonymous]

And of course Trump is denying it and calling it fake news yet, as usual, will not produce the evidence to prove anything wrong.

[Anonymous]

Trump is:

broke
destitute
insolvent
penniless
beggared
busted
impoverished
ruined
strapped
cleaned out
dirt poor
flat broke
in debt
indebted
indigent
needy
poor
stone broke
tapped out

[Anonymous]

Anonymous wrote:

Anonymous wrote:Didn't we all already know he was a scam artist and not nearly as rich as he claimed? So really, this is the story of a rich guy dodging taxes while us saps in the middle class pay. What a shocker. Next you're going to tell me Bill Gates isn't a humanitarian, he's actually using his foundation and giving pledge "promise" to duck taxes and hoard over $100 billion dollars.

No, the story is that our President is beholden to whomever he owes over 400 million dollars.

I have clients who owe many, many millions of dollars, but those loans are secured by assets that are worth far more. Again, there may be nothing to see here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Exactly. It amazes me how low the NYT has fallen.

Trump is welcome to release evidence to corroborate his "fake news" claim. Do you think he will?

+1. Obama released his birth certificate. Trump could release a few tax returns and put this issue to bed, right?

Yup. He really should. That would show those darned purveyors is fake news. Obama did it!

Yes please tell us when Trump organized the news conference to prove those lying New York Times reporters wrong.

[Anonymous]

Anonymous wrote:So many of you have not clue about how are tax code works, especially if you’re primarily a W-2 employee. What makes real estate such an awesome investment is you can be “profitable” (i.e. have positive cash flow and be putting money in your pocket), while using primarily depreciation (and some other expenses) to reduce the taxable income to almost nothing or even show a loss.

And you can pay an employee hidden consultant fees in order to depreciate taxable income too. Especially when it's the second First Lady.

“Can you believe how f***ing stupid the IRS is?”...they are so stupid!"

[Anonymous]

Anonymous wrote:Trump is:

broke
destitute
insolvent
penniless
beggared
busted
impoverished
ruined
strapped
cleaned out
dirt poor
flat broke
in debt
indebted
indigent
needy
poor
stone broke
tapped out

Proof of any of it?

[Anonymous]

Anonymous wrote:So many of you have not clue about how are tax code works, especially if you’re primarily a W-2 employee. What makes real estate such an awesome investment is you can be “profitable” (i.e. have positive cash flow and be putting money in your pocket), while using primarily depreciation (and some other expenses) to reduce the taxable income to almost nothing or even show a loss.

Again, read the article. That’s not all he’s doing.

[Anonymous]

Anonymous wrote:As an accountant I am not surprised by this number at all. He has lost a lot of money on a lot of businesses. Without more detail, the $750 has very little meaning. It's just being dropped to get people outraged

So he is either a loser or a cheater.

[Anonymous]

Anonymous wrote:What’s the basis for people saying Trump is broke? Maybe he is but nothing about paying $750 in taxes says this. By most standards, DH and I are quite wealthy but most years we pay very little, if any, in taxes.

When you owe more than you are worth, you are broke. When you pay your daughter, who is an officer in your company, as a consultant, that is illegal. There is so much here is it nuts, and rubes sit here and poo poo it as if it is no biggie.

Fine screw it, I won't pay any more taxes. Why should I? Paying taxes is for suckers and losers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump is:

broke
destitute
insolvent
penniless
beggared
busted
impoverished
ruined
strapped
cleaned out
dirt poor
flat broke
in debt
indebted
indigent
needy
poor
stone broke
tapped out

Proof of any of it?

It's in Trump's tax returns.... which he has to hide... but more to come.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump is:

broke
destitute
insolvent
penniless
beggared
busted
impoverished
ruined
strapped
cleaned out
dirt poor
flat broke
in debt
indebted
indigent
needy
poor
stone broke
tapped out

Proof of any of it?

Trump just said he won't be releasing his tax returns. So you'll just have to trust him when he said the NYT is wrong.

Suuure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Didn't we all already know he was a scam artist and not nearly as rich as he claimed? So really, this is the story of a rich guy dodging taxes while us saps in the middle class pay. What a shocker. Next you're going to tell me Bill Gates isn't a humanitarian, he's actually using his foundation and giving pledge "promise" to duck taxes and hoard over $100 billion dollars.

No, the story is that our President is beholden to whomever he owes over 400 million dollars.

I have clients who owe many, many millions of dollars, but those loans are secured by assets that are worth far more. Again, there may be nothing to see here.

Do they owe many millons of dollars to Russians and are they currently the President of the United States?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Didn't we all already know he was a scam artist and not nearly as rich as he claimed? So really, this is the story of a rich guy dodging taxes while us saps in the middle class pay. What a shocker. Next you're going to tell me Bill Gates isn't a humanitarian, he's actually using his foundation and giving pledge "promise" to duck taxes and hoard over $100 billion dollars.

No, the story is that our President is beholden to whomever he owes over 400 million dollars.

I have clients who owe many, many millions of dollars, but those loans are secured by assets that are worth far more. Again, there may be nothing to see here.

Does the Fed set interest rates based on your clients' tweets?