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

[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.

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

I like politicians who show their tax documents.

[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.

Is Trump even eligible for carried interest? I thought that only applied to investment fund managers.

His issue isn’t the carried interest (which is capital rates, which are about 1/3 plus an extra Medicare tax). He issue is that he gets to depreciate everything so much. Totally different situation.

[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

That could be exactly why he hid them. He ran as a successful businessman, but he actually isn't. He's really the loser I thought he was in the 1980s.

[Anonymous]

Anonymous wrote:

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.

Is Trump even eligible for carried interest? I thought that only applied to investment fund managers.

His issue isn’t the carried interest (which is capital rates, which are about 1/3 plus an extra Medicare tax). He issue is that he gets to depreciate everything so much. Totally different situation.

Oh, I know. I was trying to politely point out that "carried interest" poster was an idiot.

[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

Well it's working. I'm outraged.

[Anonymous]

Anonymous wrote:This won’t change anyone’s mind - see the crazy responses on this board. But the $750 tax bill, as these Twitter posts already point out, is a brilliant meme and sound bite. History made!

Yeah, I know, but it could change a few minds but it cuts to his image of strength.

[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

As an accountant we call bullshit

[Anonymous]

I'm guessing a lot of people have never taken depreciation on real estate.

[Anonymous]

Anonymous wrote:

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

As an accountant we call bullshit

Familiar with those countries tax laws are ya?

[Anonymous]

Anonymous wrote:I'm guessing a lot of people have never taken depreciation on real estate.

Doesn't that only apply to personal property? Trump doesn't own Trump Towers personally.

[Anonymous]

Trump owes the American public $73 million. Cough up you lying sack of puss.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm guessing a lot of people have never taken depreciation on real estate.

Doesn't that only apply to personal property? Trump doesn't own Trump Towers personally.

Depends a bit on how the companies are structured. They could be pass-through entities

- Not an accountant.

[Anonymous]

Mr. Trump has written off as business expenses costs — including fuel and meals — associated with his aircraft, used to shuttle him among his various homes and properties. Likewise the cost of haircuts, including the more than $70,000 paid to style his hair during “The Apprentice.” Together, nine Trump entities have written off at least $95,464 paid to a favorite hair and makeup artist of Ivanka Trump.

[Anonymous]

I don't think Melania will be getting her prenup $$$$.

[Anonymous]

It really isn't the depreciation that is impacting this. It's his habit of walking away from bankrupt businesses that have created enormous loss carry forwards. And then either not recognizing income on defaulted debt (early 90s in a somewhat odd situation where Wilkie did give him an MLTN letter) and then again when he walked away from more casino debt. Though he will have to begin recognizing that as income.

What is really troubling is the 300 million in debt coming due. Ordinarily, you'd just refinance it. But when the President of the United States is your counter-party, will this really be any thing near an arm's-length refinancing?