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

[Anonymous]

For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So Trump is like 75,000,000 other Americans who pay no income taxes.



As a CPA I can professionally tell everyone here that >99% of DCUMers have absolutely no idea how business or high wealth taxes work, yet will jump to whatever conclusions they see fit.

Look at amazon as an example. Every letter to shareholders they advocate for “maximizing the present value of future cash flows” (if you don’t know what that means you have no hope of understanding Trump's tax returns).

Ultimately it is a strategy to reinvest cash flows into future earning potential to avoid paying income taxes. Amazon as a company had negative net income but was still worth hundreds of billions of dollars due to generating massive future free cash flow.

At some level, if you have positive net income as a business, you don’t know what to do with your money and are happy to waste some on tax. That sums up trumps tax returns - he doesn’t want to waste any money paying taxes.

Reading New York Times attempt to analyze trumps tax returns is like reading a toddler try to interpret Benjamin Graham. NYT's hack job is pure cringe worthy. They aren’t even consistent on how they talk about depreciation and never even mention what free cash flow even is.

To all the democrats out there - this ain’t it chief. Of course this will never get brought to light with a free and fair counter argument published in the NYT, because discussing gritty aspects of the US tax code is a snooze fest. Gotta sell the hyperbole and outrageous headlines.

Trump is not as smart or visionary as Jeff Bezos. He could be doing the same thing, but he could also just be committing tax fraud. Until we actually see his taxes, we'll never know for sure. But based on his refusal to reveal them, I'm going to go with him committing tax fraud. Prove me wrong.

You don't have to be smart or visionary to have tax accountants and lawyers to help you setup the structure.

Lawyers like Michael Cohen?

[Anonymous]

This is the NYTimes headline: "Trump's taxes show chronic losses and years of tax avoidance." Which part of that is false?

"Most of Mr. Trump’s core enterprises — from his constellation of golf courses to his conservative-magnet hotel in Washington — report losing millions, if not tens of millions, of dollars year after year.

His revenue from “The Apprentice” and from licensing deals is drying up, and several years ago he sold nearly all the stocks that now might have helped him plug holes in his struggling properties."

[Anonymous]

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

+1
The "accountants" on this thread are either too in the weeds to see the big picture, or are desperate Trump supporters.

[Anonymous]

The irony.

If he had just taken his inheritance and put it into the S&P500, he would be an actual billionaire today.

[Anonymous]

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

I think it's ironic for a lay person to call informed accountants and business people familiar with tax laws and real estate investments as useful idiots. No one has said that Trump's taxes are completely clean, just that the information shared so far doesn't show that he cheated on taxes or committed fraud.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

+1
The "accountants" on this thread are either too in the weeds to see the big picture, or are desperate Trump supporters.

Don't democrats value the opinion of experts? Imagine if someone said that climate scientists are too in the weeds to see the big picture, or are desperate Democratic supporters.

[Anonymous]

Anonymous wrote:Is the media busy pouring over Joe Biden's 180 years of income taxes????

Not right now, because he released them more than a year ago?

[Anonymous]

Anonymous wrote:

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

I think it's ironic for a lay person to call informed accountants and business people familiar with tax laws and real estate investments as useful idiots. No one has said that Trump's taxes are completely clean, just that the information shared so far doesn't show that he cheated on taxes or committed fraud.

Trump is a self-serving sociopath who pays next to nothing in taxes and reformed the system so he and his wealthy buddies can pay less. You can distract all you want, but Americans know what they pay, and now they know what Trump pays.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

+1
The "accountants" on this thread are either too in the weeds to see the big picture, or are desperate Trump supporters.

Don't democrats value the opinion of experts? Imagine if someone said that climate scientists are too in the weeds to see the big picture, or are desperate Democratic supporters.

It would be weird if people were getting their information on climate science from anonymous posters on DCUM.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

+1
The "accountants" on this thread are either too in the weeds to see the big picture, or are desperate Trump supporters.

Don't democrats value the opinion of experts? Imagine if someone said that climate scientists are too in the weeds to see the big picture, or are desperate Democratic supporters.

It would be weird if people were getting their information on climate science from anonymous posters on DCUM.

I don't think the PP's point was complaining about the anonymity of DCUM.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

I think it's ironic for a lay person to call informed accountants and business people familiar with tax laws and real estate investments as useful idiots. No one has said that Trump's taxes are completely clean, just that the information shared so far doesn't show that he cheated on taxes or committed fraud.

Are you willfully missing the PP’s point? I bolded it since you missed it, whether or not it was willful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

+1
The "accountants" on this thread are either too in the weeds to see the big picture, or are desperate Trump supporters.

Don't democrats value the opinion of experts? Imagine if someone said that climate scientists are too in the weeds to see the big picture, or are desperate Democratic supporters.

Sorry, are you saying Trump doesn't pay a tiny fraction in income taxes of what teachers, nurses and construction workers pay? Please give me your expert opinion. I'm just a lay person so I don't know if I can understand this fundamental point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

I think it's ironic for a lay person to call informed accountants and business people familiar with tax laws and real estate investments as useful idiots. No one has said that Trump's taxes are completely clean, just that the information shared so far doesn't show that he cheated on taxes or committed fraud.

Trump is a self-serving sociopath who pays next to nothing in taxes and reformed the system so he and his wealthy buddies can pay less. You can distract all you want, but Americans know what they pay, and now they know what Trump pays.

*shrug*, you can feel how you feel, but it doesn't change the fact that *you* and others like *you* are the useful idiots in this circus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense.

Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.

+1
The "accountants" on this thread are either too in the weeds to see the big picture, or are desperate Trump supporters.

Don't democrats value the opinion of experts? Imagine if someone said that climate scientists are too in the weeds to see the big picture, or are desperate Democratic supporters.

Sorry, are you saying Trump doesn't pay a tiny fraction in income taxes of what teachers, nurses and construction workers pay? Please give me your expert opinion. I'm just a lay person so I don't know if I can understand this fundamental point.

There seem to be a lot of “CPAs” and “accountants” posting today who can’t seem to explain why Trump’s understatement of income to avoid federal tax obligations and simultaneous overstatement of income on loan paperwork to seek credit lines doesn’t constitute fraud.