Look in today’s New York Times for information on 10 years worth of his income taxes. While not real current, they show that he managed to lose 1 billion dollars in a decade. He stayed afloat with daddy Fred bailing him out and stiffing banks when they lent him money. After Fred died and the US Banks refused to deal with him the question becomes who is financing his life style now – maybe even some foreigner.
Let’s see… First is false, there’s no rule prohibiting the release of a tax return that’s under audit. Third is TOTALLY false, otherwise there wouldn’t be this comic.
The second one… Well, sorta true. Too complex for Trump to understand, but most of us aren’t that illiterate and innumerate.
Door number 3. “Nobody cares.” Only those anti_American, witch-hunting, liberal-socialist, losers and haters. I like the way Trump refers to his fellow Americans .Compared to Trump’s words, “Basket of Deporables” is a compliment.
Buttercup has never done his own tax returns because they would tax his brain. Too many little boxes and places for numbers, and they just confuse him.
People SHOULD care. The reasons he is hiding them are clear and known:
1. His entire image is based on being “very, very rich.” His declaration of wealth of “ten billion dollars” was based – according to him – on the value of his name, which he licenses to other people, owning very little himself. But even before the NYT investigation, his multiple bankruptcies, his fraudulent claims about property worth for various deals, and evidence from his biographer make it clear he was nowhere near this value – and the estimates I have seen from financial experts had him at no more than half a billion. His tax returns would reveal the truth.
2. No bank in the world would lend to him anymore because he was a bad risk. This is death to a real estate developer reliant on other people’s money. Then Deutsche Bank, backed by Russia, chose to do so. How much money did he get from them? The tax returns would tell us.
3. There’s already excellent reason to believe he laundered money for the Mob in New York (based on declared fees paid for labor, supplies, and whatnot); and there is equally excellent reason to think he is doing it for the Russian Mob now. The tax returns would provide clues that could be compared to his actual behavior, as they did for Al Capone.
One final point is that real estate tax law makes it easy to manipulate the numbers to look like loss (estimated values, depreciations, credits of various sorts, etc.) to end up without major tax liabilities. Michael Cohen’s testimony seems to have confirmed that Trump and Co. were major users of variable evalutions for properties, depending on whether it was for loan or tax purposes. As Trump himself said, that just shows how “smart” he is.
Do they include the documentation identifying what the losses actually are from?
One year has a reported interest income of $63(?) million, but no documentation of the source. Where does that interest come from where there is none in previous years.
“While Donald Trump reported hundreds of millions of dollars in losses for 1990 and 1991, Fred Trump’s returns showed a positive income of $53.9 million, with only one major loss: $15 million invested in his son’s latest apartment project.”
brwydave Premium Member almost 5 years ago
Look in today’s New York Times for information on 10 years worth of his income taxes. While not real current, they show that he managed to lose 1 billion dollars in a decade. He stayed afloat with daddy Fred bailing him out and stiffing banks when they lent him money. After Fred died and the US Banks refused to deal with him the question becomes who is financing his life style now – maybe even some foreigner.
Darsan54 Premium Member almost 5 years ago
Oh, lots of us care because Donnie is so afraid to show them. Sorta like “no obstruction”.
Nebulous Premium Member almost 5 years ago
Let’s see… First is false, there’s no rule prohibiting the release of a tax return that’s under audit. Third is TOTALLY false, otherwise there wouldn’t be this comic.
The second one… Well, sorta true. Too complex for Trump to understand, but most of us aren’t that illiterate and innumerate.
DanFlak almost 5 years ago
Door number 3. “Nobody cares.” Only those anti_American, witch-hunting, liberal-socialist, losers and haters. I like the way Trump refers to his fellow Americans .Compared to Trump’s words, “Basket of Deporables” is a compliment.
sandpiper almost 5 years ago
Buttercup has never done his own tax returns because they would tax his brain. Too many little boxes and places for numbers, and they just confuse him.
Radish the wordsmith almost 5 years ago
Trump is the nation’s biggest loser at 100 million a year down the drain.
Motivemagus almost 5 years ago
People SHOULD care. The reasons he is hiding them are clear and known:
1. His entire image is based on being “very, very rich.” His declaration of wealth of “ten billion dollars” was based – according to him – on the value of his name, which he licenses to other people, owning very little himself. But even before the NYT investigation, his multiple bankruptcies, his fraudulent claims about property worth for various deals, and evidence from his biographer make it clear he was nowhere near this value – and the estimates I have seen from financial experts had him at no more than half a billion. His tax returns would reveal the truth.
2. No bank in the world would lend to him anymore because he was a bad risk. This is death to a real estate developer reliant on other people’s money. Then Deutsche Bank, backed by Russia, chose to do so. How much money did he get from them? The tax returns would tell us.
3. There’s already excellent reason to believe he laundered money for the Mob in New York (based on declared fees paid for labor, supplies, and whatnot); and there is equally excellent reason to think he is doing it for the Russian Mob now. The tax returns would provide clues that could be compared to his actual behavior, as they did for Al Capone.
martens almost 5 years ago
One final point is that real estate tax law makes it easy to manipulate the numbers to look like loss (estimated values, depreciations, credits of various sorts, etc.) to end up without major tax liabilities. Michael Cohen’s testimony seems to have confirmed that Trump and Co. were major users of variable evalutions for properties, depending on whether it was for loan or tax purposes. As Trump himself said, that just shows how “smart” he is.
braindead Premium Member almost 5 years ago
These are all PARTIAL RETURNS, are they not?
Do they include the documentation identifying what the losses actually are from?
One year has a reported interest income of $63(?) million, but no documentation of the source. Where does that interest come from where there is none in previous years.
Not terribly enlightening.
streetbeater almost 5 years ago
“While Donald Trump reported hundreds of millions of dollars in losses for 1990 and 1991, Fred Trump’s returns showed a positive income of $53.9 million, with only one major loss: $15 million invested in his son’s latest apartment project.”
https://www.esquire.com/news-politics/politics/a27404295/donald-trump-taxes-new-york-times-1-billion/
Hapthorn almost 5 years ago
Ida No.
Radish the wordsmith almost 5 years ago
Apparently people do care, there are warrants and subpoenas,
and by law Trump can not run on the Calif ticket without showing his Tax Returns.
mikemck almost 5 years ago
I care… a lot
Tha_Hype almost 5 years ago
The “No one cares” part is grossly overstated. If nobody cared there wouldn’t be the calls for him to release his tax returns.