There's a paywall. Not everyone can read it. |
Form 278E does not required disclosure of what you "earned" or what your "profit" was. Form 278E requires disclosure of "revenue" (the amount of money received). Whether as a whole it results in "income"or "profit" is another question. And whether that is taxable or not is yet another question. There is plenty of suspect material here. Whether legal or not is irrelevant. Do you really want a President who is personally beholden to banks (foreign or domestic) to the tune of $300 million dollars? Do you want as a President a person who regularly and repeatedly misleads with respect to his business acumen and financial dealings? An individual who apparently presses the boundaries of the law that while perhaps not criminal certainly goes beyond a good faith argument for the application of the law? It is very possible that a person/business could generate 500 million dollars and yet have no taxable income. All you have to do is look at Amazon. Years of generating vast revenue all the while generating larger losses. The majority of all businesses do this. Mom and pop restaurant has start up costs and are not profitable for years, if ever. Stop looking at the flash. It is likely to be nothing. Look in the details. That's where the improprieties occur. Look at the partnership abandonment. The discharge of indebtedness. Personal expenses (though many of you take advantage of this too . . . I am talking about you Yukon drivers and other monster SUV pilots). I am not an experienced real estate partnership tax professional. I am an international financial transactions tax professional with more than 25 years of experience. I have a decent idea of what I am talking about. Go for the details. That's where the crimes occur. |
There are good summaries in every newspaper in the country-you can find something that isn’t behind a paywall |
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Cocaine's a helluva drug. Honorable mention to adderall. |
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Meanwhile, story is ignored on foxnews.com.
This is why we’re screwed, people. |
But...but...but...Benghazi. |
Agreed. And, let's not forget that by the end of his 1st term, he will have donated $1,600,000 to various government agencies. He has had no salary during his term. |
He has pocketed millions from the presidency. The salary was the tax write-off he needed while he scammed the American people. |
And how much has he grifted from the American taxpayer by spending time at his money losing golf properties? But sure, look at the $1.6 million in donated salary. You're missing the big picture. You supported a con man, a fraud and some one so indebted (with personal guarantees) that is all but compromised the moment he leaves office. And that's before considering his criminal and legal liabilities related to fraud and other misdeeds both during and prior to his Presidency. You elected the guy on the promise that he was a successful businessman. This proves he is anything but. But then, most of us knew this because he'd been running businesses into the ground at least since the late 80s. |
| For the sake of argument, let’s say all if this was legal (it wasn’t). He’s still an extraordinarily horrible business man. Maga decided we needed a businessman who would run this country like he runs his businesses. Welp, here we are! Hope you’re happy! The country is now another failed Trump business. |
And yet there are pages and pages of detail that you choose to ignore. |