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[W:1011]TRUMP’S TAXES SHOW CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE

MTAtech

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LONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE

The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

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.
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Well, well. Either he's not the successful businessman that he claims to be and losses more money than he earns or he's a cheat that pays less money in taxes than the working poor.

Romney was attacked during the 2012 election because he only paid 12% in federal tax. How will paying only $750, the highest in decades is going to fly?
 

George50

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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.




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Checkerboard Strangler

I'm the Leon Russell guy.
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Surprised he didn't just go the Sov-Cit route and claim he doesn't recognize the authority of the government to collect taxes.
What happened to your big brass balls, Donnie?
The people with all the guns and camo that you embrace, most of them are the authors of that view.
In for a penny, in for a pound, mate!
 

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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.




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Yet his followers will still lap up his BS.
 

Quag

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Trump has always been a failure at business the ONLY thing he knows anything about is real estate and basically there he is just good at being a slimy used car salesman


MAGA vote out Trump
 

Barnacle

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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.
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Unless the NYT provides evidence, I consider it another BS story.
 

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And the source is? That's right, you don't show the source, then it's FAKE NEWS!
 

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So did he break the law?
Probably. But that can't be determined exclusively by looking at his tax returns.

NY prosecutors are looking at, among other things, discrepancies between valuations he gave for properties in his tax returns, which are significantly lower than valuations he gave for the same properties in loan documents. That's illegal.

It's also plausible that he is deliberately exaggerating his losses, which would constitute tax fraud.

Along those lines, he's in the middle of massive audits by the IRS, which could result in a required repayment of $100 million. Ironically, some of that audit is connected to Trump Org exploiting... wait for it... tax laws Obama signed to help recover from the 2007 recession.

And while not overtly illegal, the tax returns myriad ways that he can be pressured by domestic and foreign entities alike. For example, at a time when he claims in these tax forms that his businesses are losing tens or hundreds of millions of dollars per year, he has personal loans due in 4 years or less totaling $421 million.

That's just from skimming the article. It's gonna take time to read everything that is pouring out here. Meaning if you plan to try and spin this, you're gonna have a lot of work to do.
 

Visbek

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