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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Trump lied in his financial disclosures.

"In 2018, for example, Mr. Trump announced in his disclosure that he had made at least $434.9 million. The tax records deliver a very different portrait of his bottom line: $47.4 million in losses."

:shock:[/quote]

Wonder if PP ever heard of EBIDTA?[/quote]

EBITDA isn’t a part of tax accounting, it’s a way of representing financial results that backs out interest, taxes, depreciation and amortization that can skew net income numbers depending on the how much debt the company carries, what tax authorities they’re subject to, etc., so as to more accurately represent a company’s operating performance.

It also isn’t relevant to what the pp is talking about, because the disclosure statement reflects revenues, which isn’t the same as EBITDA, in that EBITDA deducts operating expenses from revenues.  [/quote]

What’s really interesting is how all of those supposed tax professionals who say this is all totally normal and aboveboard didn’t catch this.[/quote]

They've been helping millionaires out of their tax obligations for so long that they think it's morally fine.
Like the people who work hard to sell Juuls to children. 
Or Nazi rank and file who work hard to create concentration camps.

[/quote]

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