Newly obtained details from the presidents tax returns reveal a decade in the red, with $1.17 billion in business losses. Mark Makela for The New York Times
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NYT Obtains Tax Returns
In reply to Runs
Here is it.
The newly revealed tax information covers an earlier period of Mr. Trumps business career. And The Times did not obtain Mr. Trumps actual tax returns. But it obtained printouts from his official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, from someone who had legal access to them. They represent the fullest and most detailed look to date at the presidents taxes. And they show that during a tumultuous decade of fevered acquisition and spectacular collapse, Mr. Trumps core businesses - largely casinos, hotels and retail space in apartment buildings - ran up $1.17 billion in losses.
In reply to Casper
Damn is he truly a good businessman? Art of The Deal?
"In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners."
Because those businesses were generally created as partnerships, they did not pay federal income taxes themselves. Instead, their gains, and their losses, flowed onto Mr. Trumps ledger. To put his results in perspective, The Times compared them with detailed information that the I.R.S. compiles on an annual one-third sampling of high earners. Most of them appeared, like Mr. Trump, to be businessmen who received what is known as pass-through income.
For 1985, the I.R.S. information indicates this: Only three individual taxpayers in the sampling reported bigger losses than Mr. Trump.
The question now, and to be answered, is whether those losses were as big as he reported, or if they were claimed as such so he wouldn't have to pay taxes.
In reply to Casper
Fraud? Noooo he is not capable of that
In reply to Runs
Deep State inna him rass!!!
In reply to Walco
Patriots
In reply to Runs
Patriotic Spies?????
Terrible new fi the imbecile!
His growing and fanatical base will surely turn against him now!!!!
Right? Right??
#6moreYears #murica
In reply to VIX
#8 get your math right nah mon
add 2 he lost to investigations
In reply to Runs
Dumpster is an incompetent queens thug.
In reply to Runs
Everything is coming together.
I don't know which is more fun tonight this or Falwell's fall into the pool (boy).
Nitro , apparently is now in hiding ,
due to recent revealations regarding
his Idol .
It seems that his Idol's boat is taking on a lot of water , due to the
dilligence of some of the New York Times Reporters .
This reminds me of a famous Trinidadian Calypso , entitled :
" CAPTAIN THE SHIP IS SINKING "
Now does anyone have any doubts why the dotard dont want his tax returns released? He is now living on US citizens takes ---lests see how Hannity and his Fox brethrins spins this
like i said the truth always wins - the unfortunate thing is that liars gets first turn
In reply to Casper
Why do you get excited over much a do about nothing?
Before Trump became President his organization employed somewhere around 22,450 people.
500 businesses make up the Trump organisation of which Trump is the sole or principle owner. Another 150 carries his trademark name.
The Trump organisation employs hundreds of lawyers throughout his businesses. These are separate and distinct from the Government lawyers and White house lawyers who works for him as President of the USA.
Trump is no different from the many rich Americans who pay accountants and lawyers to find loopholes in the law to save them millions and millions of dollars in taxes.
The majority of them are sleazy business people who uses other people's money but that is how these people conducted business in the good old United States for decades.
The guy paid no taxes but he is for the poor.
In reply to Star
Yeah but trump was the grand wizard of them all he was losing 100 million a year in his business ventures for 10 straight years - that is an astonishingly large sum of money --- and at the same period ghost writing a book entitled The art of the deal that is the con of all cons --- so yes rich people employs professionals to help them escape taxes on money they make --- trump hires professionals to reap windfall on money he never made .
In reply to Runs
We all knew Trump was a poor businessman as evident by his multiple bankruptcies. The question remains, why was Deutsche bank willing to lend money to such a poor businessman?
Were some of those loans backed by Russia or Saudi Arabia?
In reply to black
In reply to black
Release the taxes
In reply to birdseye
All strategic moves to protect himself with a full GOP backing, the fix was planned.
In reply to Runs
As President with all the power in his hands, what would you expect him to do?
In reply to black
Why would that be of any importance to you or anyone else? The last time I checked, Deutsche bank operated under "The infinite banking concept".
The Postbank arm of their business operates mainly to serve high-net-worth individuals and families worldwide.
In reply to Star
I expect the other branches to reign in any mal or misfeasance by the Executive as per the US Constitution.
In reply to Star
Two reasons:
1. It does not pass the common sense/business sense test.
2. He is President of the U.S.
You try getting a loan from a bank with Trump's credit and see if you don't run you out of the bank.
In reply to Star
In reply to birdseye
In reply to Star
Banks have Compliance to abide by. Many as a matter of fact and all are trained on it, money laundering etc etc
In reply to Runs
They only care about compliance of the poor not the rich...why are they so complicit in hiding Trump's slackness?
In reply to Ayenmol
This particular bank has a track record of doing such by the fines racked up, no wonder they are in deep doo doo and no one wants to merge with them. Such behavior has consequences.
In reply to Runs
Not enough. Why they love the current administration and why he has been sure to remove so many of the handcuffs that the previous administration put in place.
Birds a feather.
He has Banked with the worst of the worst and now serving their every need so he can keep it under raps.
Yet look all the so called evangelicals that are behind this person.
From friends to business partners just about everyone this man keeps close are the worst in their respective profession.
Show me your friends..,
In reply to Ayenmol
Religion in america is big money. trump is about money
birds flocks and feathers....
a bunch of venal self serving parasites
Fraud, tax evasion and money laundering. That's what loosing 10m a year for a decade looks like.
Greatest economy in over 40 years!
AMIGA!
In reply to black
There you go again. Why must it pass according to you, "the common sense/business sense test"? Whatever that is supposed to mean. These folks do not conform to the norms of society and as long as they are in charge, it is business as usual and not the common sense way you expect it to be. To understand this you have to think objectively.
That position makes you the most powerful individual in the world and that puts you into the advantage and privilege con club.
Come with better logic.
Do you really expect any bank would treat me or any poster on this forum the same way it would treat Trump? Man get real !!!!!!!!!!!
I am not defending Trump in anyway but as far as I am concerned, extremely rich Americans were cooking the books from eons ago.
Trump is just one of them. The only mistake Trump made was becoming President and opening up the advantage privilege con club to scrutiny.
Trump will be re-elected and as long as the Republicans remains in control of the Senate, this is just a waste of precious time and energy.
In reply to Star
Given Trump's track record, he should not have been getting preferential treatment. In fact, Deutsche bank was the only bank willing to step up, makes you wonder why.
That position makes you the most powerful individual in the world.
That is why I give a Fcuk if my Pres is a crook or not.
In reply to black
They are all crooks. Get it through your head.
Just to varying degrees.
You miss the man point on perspective.
Bankers serve the rich.
Thing is you and others keep trying to convince yourselves that Capitalism is the answer to the World's problems and whenever the facts say otherwise you find a way to blame anything but the concept.
In reply to black
You have to relax and take it easy and enjoy the ride known as American politics.
I am sure the above quote from you is no secret to Americans yet they are still going to re-elect him.
When I posited sometime back that Americans are inherently stupid, I think you disagreed and that is because you tend to be subjective and emotional.
I think what is occurring now in the good old USA bears out my point.
In reply to Star
Guess we can all agree that the system is rigged, for the RICH, the MAGA supporters largely are not 1% why would they vote again to elect him against their self interest?
This stuff is not about economy and jobs but deeper.
In reply to Runs
Republican voters vote against their economic interests. However, they may have other interests that have higher priorities.. eg.. brown people at the border.. Flexing military might to show who is boss... bomb someone etc etc..
In reply to Ayenmol
Just to varying degrees.
You miss the man point on perspective.
Bankers serve the rich
Dude, I know that but some rich people are not worth serving, Trump is one of them.
Oh shiite grab the popcorn
The Republican-led Senate Intelligence Committee has subpoenaed Donald Trump Jr. to answer questions about his previous testimony before Senate investigators in relation to the Russia investigation, sources with direct knowledge told Axios.
In reply to Runs
He should not show up just for the fun of arresting him.
In reply to Runs
What took yuh so long?
Move to the head of the class.
In reply to Star
All knew that even my 5th grader
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