Long-concealed records show trump’s chronic losses and years of tax avoidance

[SultanofBling]

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

Is anyone really surprised though>>

https://www.nytimes.com/interactive/...gtype=Homepage

[OPGenesis]

Smoke and mirrors

[chaunce54]

I guess it's over for blumpf now. It was fun while it lasted...

[SultanofBling]

I guess it's over for blumpf now. It was fun while it lasted...

How's the puppet show?

Trumper's reality is caving in on them bigly RN. Suicide watch.

[Bushmaster]

https://www.nytimes.com/interactive/...gtype=Homepage

The Times obtained Donald Trump’s tax information extending over more than two decades,

I believe this.

Hell, at least Richard Mandow had a page from somebody's 1040-EZ that she said was his that time lol.

[Trapstar4.4]

that $750 tax payment is the best thing that he ever did for this nation

[SultanofBling]

I believe this.

Hell, at least Richard Mandow had a page from somebody's 1040-EZ that she said was his that time lol.

Indeed, his financial condition when he announced his run for president in 2015 lends some credence to the notion that his long-shot campaign was at least in part a gambit to reanimate the marketability of his name....


...In fact, those public filings offer a distorted picture of his financial state, since they simply report revenue, not profit. 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.

Quite credible.

[Bushmaster]

Indeed, his financial condition when he announced his run for president in 2015 lends some credence to the notion that his long-shot campaign was at least in part a gambit to reanimate the marketability of his name

Quite credible.

Dude has hemorrhaged money since he's been in the white house.

https://www.nbcnews.com/business/bus...sident-n916221

[Ikeman83]

OP, this is just sad. At what point are you going to accept that Trump has wealth, not income, and thus wouldn't pay hardly any Federal Taxes.

Derp

[Trapstar4.4]

just looked it up. this is nice because it's going to be THE topic to start the week.
it's not that it will take him down. the key is keeping biden's 8pt lead. and all those leads across the battleground states.

[mikebadg3]

Anyone not catch that these "documents" are from an anonymous source? After being asked by Trump's law team they refused to give it to them in lieu of anonymity

Anonymous sources part 2

lmfao

[Ikeman83]

just looked it up. this is nice because it's going to be THE topic to start the week.
it's not that it will take him down. the key is keeping biden's 8pt lead. and all those leads across the battleground states.

Trump's federal taxes are wholly unsurprising for a real estate developer.

Unless he sells a property, any revenue is offset by depreciation.

[OPGenesis]

just looked it up. this is nice because it's going to be THE topic to start the week.
it's not that it will take him down. the key is keeping biden's 8pt lead. and all those leads across the battleground states.

Honestly, bro.

Do you think people honestly give a chit about his taxes? lol.

It didn't work in 2016. Why would it work now?

Beating the dead horse x 1000000000000

[Dorich]

Honestly, bro.

Do you think people honestly give a chit about his taxes? lol.

It didn't work in 2016. Why would it work now?

Beating the dead horse x 1000000000000

Dipset all day.

[Underwrought]

LMAO ok no one gives a fuk.

[chaunce54]

Anyone not catch that these "documents" are from an anonymous source? After being asked by Trump's law team they refused to give it to them in lieu of anonymity

Anonymous sources part 2

lmfao

lol, it gets more pathetic every day. These guys are trying to bag on a guy that has LOST more money than they will ever make, and is still richer than they will ever be.

Also, every time they do this they show they have no idea how income taxes work...

[GreatOldOne]

No surprise...he's funneling millions of taxpayer dollars into his failing businesses.

What a shocker that a professional con artist would do this.

[dannyg1217]

lol, it gets more pathetic every day. These guys are trying to bag on a guy that has LOST more money than they will ever make, and is still richer than they will ever be.

Also, every time they do this they show they have no idea how income taxes work...

as long as he didn't break any laws, what should anyone care what he paid in taxes.

[Bushmaster]

No surprise...he's funneling millions of taxpayer dollars into his failing businesses.

What a shocker that a professional con artist would do this.

Oh GOO... November is going to be so cruel to you. Again...

[OPGenesis]

No surprise...he's funneling millions of taxpayer dollars into his failing businesses.

What a shocker that a professional con artist would do this.

You think he's received any of that CARES Act stimulus???

[niospecv]

Guess how much Google, Apple, and Amazon paid this past tax year?

No one gives a chit because these tech companies back the demoKKKrats. Wealthy people do this all the time. No big deal.

[SultanofBling]

OP, this is just sad. At what point are you going to accept that Trump has wealth, not income, and thus wouldn't pay hardly any Federal Taxes.

Derp

And within the next four years, more than $300 million in loans — obligations for which [Donald Trump] is personally responsible — will come due.

Getting major Caesar vibes from this

[Trapstar4.4]

Trump's federal taxes are wholly unsurprising for a real estate developer.

Unless he sells a property, any revenue is offset by depreciation.

dont are about any of that. the headline is all i care about. it's on him to defend it and fortunately he does a horrible job when he tries to explain it

Honestly, bro.

Do you think people honestly give a chit about his taxes? lol.

It didn't work in 2016. Why would it work now?

Beating the dead horse x 1000000000000

i dont care what peopel think as long as biden holds his leads going into november 3rd. those numbers are supposed to tighten up, but im hoping they dont.

[TrueTruth]

2015 called they want their tax return accusations from anonymous sources back

[~Hades~]

dont are about any of that. the headline is all i care about. it's on him to defend it and fortunately he does a horrible job when he tries to explain it



i dont care what peopel think as long as biden holds his leads going into november 3rd. those numbers are supposed to tighten up, but im hoping they dont.

Lol perfect response. Only cares about clickbait headlines instead of the actual info.

Imagine my shock

[GreatOldOne]

You think he's received any of that CARES Act stimulus???

I was referring to him dragging his security services to his resorts and then soaking them for cash to stay there.

[GreatOldOne]

dont are about any of that. the headline is all i care about. it's on him to defend it and fortunately he does a horrible job when he tries to explain it



i dont care what peopel think as long as biden holds his leads going into november 3rd. those numbers are supposed to tighten up, but im hoping they dont.

The false narrative of "Donald Trump, great business man"...is over.

[Trapstar4.4]

Lol perfect response. Only cares about clickbait headlines instead of the actual info.

Imagine my shock

dont care about your shock either. hey we're 38 days out from the election. no need to be fake about it.

sounds like the reporting has some documents to release, so that should help as well.

[OPGenesis]

dont care about your shock either. hey we're 38 days out from the election. no need to be fake about it.

sounds like the reporting has some documents to release, so that should help as well.

[goody1]

Lol perfect response. Only cares about clickbait headlines instead of the actual info.

Perfect description of the left the last 4 years.