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The Cheater - Chronic Losses, Years of Avoidance

 
Casper 2020-09-27 23:26:22 

The President's Taxes.


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.

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.

 
Casper 2020-09-27 23:27:28 

It's no wonder he didn't want us to know. Can someone, please pass the yellow suit.

 
Casper 2020-09-27 23:30:12 

The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.[/b]


The New York Times has obtained tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office[/b]. It does not include his personal returns for 2018 or 2019. This article offers an overview of The Times’s findings; additional articles will be published in the coming weeks.


The returns are some of the most sought-after, and speculated-about, records in recent memory. In Mr. Trump’s nearly four years in office — and across his endlessly hyped decades in the public eye — journalists, prosecutors, opposition politicians and conspiracists have, with limited success, sought to excavate the enigmas of his finances. By their very nature, the filings will leave many questions unanswered, many questioners unfulfilled. They comprise information that Mr. Trump has disclosed to the I.R.S., not the findings of an independent financial examination. They report that Mr. Trump owns hundreds of millions of dollars in valuable assets, but they do not reveal his true wealth. Nor do they reveal any previously unreported connections to Russia.

 
Casper 2020-09-27 23:35:15 


Together with related financial documents and legal filings, the records offer the most detailed look yet inside the president’s business empire. They reveal the hollowness, but also the wizardry, behind the self-made-billionaire image — honed through his star turn on “The Apprentice” — that helped propel him to the White House and that still undergirds the loyalty of many in his base.

Ultimately, Mr. Trump has been more successful playing a business mogul than being one in real life.

“The Apprentice,” along with the licensing and endorsement deals that flowed from his expanding celebrity, brought Mr. Trump a total of $427.4 million, The Times’s analysis of the records found. He invested much of that in a collection of businesses, mostly golf courses, that in the years since have steadily devoured cash — much as the money he secretly received from his father financed a spree of quixotic overspending that led to his collapse in the early 1990s.



As the legal and political battles over access to his tax returns have intensified, Mr. Trump has often wondered aloud why anyone would even want to see them. “There’s nothing to learn from them,” he told The Associated Press in 2016. There is far more useful information, he has said, in the annual financial disclosures required of him as president — which he has pointed to as evidence of his mastery of a flourishing, and immensely profitable, business universe.

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.

 
camos 2020-09-27 23:41:34 

Ultimately, Mr. Trump has been more successful playing a business mogul than being one in real life.


sums it up nicely! lol lol

 
Fantom 2020-09-27 23:45:11 

In reply to camos

A true Apprentice!

 
carl0002 2020-09-28 00:42:58 

This is the mongrel that calling people unpatriotic when while doing the most unpatriotic thing possible. Its one thing to avoid paying taxes by the using legal loop holes. its quite the other to straight up cheat. Calling NFL players unpatriotic while they pay more taxes than him.

 
black 2020-09-28 01:07:58 

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiIpvSj6YrsAhUEjlkKHVjEDfUQFjAAegQIBRAB&url=https%3A%2F%2Fwww.nytimes.com%2Finteractive%2F2020%2F09%2F27%2Fus%2Fdonald-trump-taxes.html&usg=AOvVaw13za6vur7k099JRO0QoL23

These people are a bunch of crooks, Ivanka is listed as an executive but gets paid as a consultant.

This article shows only a handful of properties return good profits and hundreds of millions in loans are coming due, soon.

This guy might have over a billion dollars in assets but I seriously doubt if he has a billion in cash.

 
bravos 2020-09-28 01:52:05 

Always knew he was a fraud and it was all a big window dressing,question is ,who didn't?

Always knew about our own Jack Warner too..gotta a good bulllshit detector,have a system for sale if anyone interested.

 
black 2020-09-28 02:18:44 

In reply to bravos

gotta a good bulllshit detector,have a system for sale if anyone interested
.

I can spot them from a mile away, including Ayenmol. lol

 
Casper 2020-09-28 04:54:37 

Six key findings from the New York Times' Trump taxes bombshell

1- Trump pays little tax

The Times reported that Trump paid no federal income taxes in 11 of 18 years the newspaper looked at. In 2017, after he became president, his tax bill was only $750.



2 - A long audit – with potentially hefty costs

Trump is involved in a decade-long audit with the Internal Revenue Service over a $72.9m tax refund he claimed, and received, after declaring huge losses. A ruling against him could cost him more than $100m, the Times reported.



3 - Ivanka helps reduce Trump’s tax burden

The president’s oldest daughter, while working as an employee of the Trump Organization, appears to have received “consulting fees” that helped reduce the family’s tax bill, the Times said. Such a revelation might further tarnish the reputation of Ivanka, a senior White House adviser married to another, Jared Kushner, who often tries to distance herself from some of the biggest scandals of her father’s administration. She is widely believed to harbor political ambitions of her own after Trump leaves office.

The Times reported: “Trump’s private records show that his company once paid $747,622 in fees to an unnamed consultant for hotel projects in Hawaii and Vancouver, British Columbia. Ivanka Trump’s public disclosure forms – which she filed when joining the White House staff in 2017 – show that she had received an identical amount through a consulting company she co-owned.”



4 - Trump businesses lose money

The Times was brutal in its assessment of Trump’s businesses, about which he often boasts and on the back of which he sought to promote a carefully curated image as a master businessman. “Trump’s core enterprises – from his constellation of golf courses to his conservative-magnet hotel in Washington – report losing millions, if not tens of millions, of dollars year after year,” the newspaper said.

It detailed how since 2000, Trump has reported losing more than $315m at his golf courses, with much of that coming from Trump National Doral in Florida. His Washington hotel, which opened in 2016 and has been the subject of much speculation regarding federal ethics laws, has lost more than $55m.


Great businessman dat


5 - Trump has a big bill to pay

The newspaper also reported that Trump is facing a major financial bill, as within the next four years, hundreds of millions of dollars in loans will come due. The paper said Trump is personally responsible for many of those obligations.

The paper reported: “In the 1990s, Mr Trump nearly ruined himself by personally guaranteeing hundreds of millions of dollars in loans, and he has since said that he regretted doing so. But he has taken the same step again, his tax records show. He appears to be responsible for loans totaling $421m, most of which is coming due within four years.”


"Where is Putin and Erdogan and MBS when I need them? I've got a country to sell out to save my skin"


6 - Trump businesses profit from his presidency

The issue of whether Trump’s businesses benefit from his position in the White House has been one of the long-running themes of reporting on the Trump presidency. The global nature of the Trump Organization and its portfolio of hotels, resorts and other interests has left Trump open to speculation that lobbyists, business leaders and foreign powers could spend money in them to try and peddle influence in the US

“Since he became a leading presidential candidate, he has received large amounts of money from lobbyists, politicians and foreign officials who pay to stay at his properties or join his clubs,” the newspaper reported, before detailing monies paid at his Mar-a-Largo resort in Florida, his Washington hotel and other locations.


The right-wing used to talk about Clinton and the Lincoln bedroom, now Trump has not just sold out a bedroom, he sold a whole country for his self-aggrandizement and personal profit.

 
steveo 2020-09-28 11:42:52 

People who are surprised at Trump taking full advantage of the tax system as a business man, is either disingenuous or plain stupid. This is nothing more than standard business practice in the US.

I want to see which CEO will tell his shareholders, there was other ways to reduce our tax burden and therefore increase your money but I took the moral high ground.

Do we know how much taxes Apple or Google are paying??

 
sudden 2020-09-28 12:05:55 

In reply to steveo

Come on man. do you think that that is all his tax disclosure info reveals.

that notwithstanding did he not criticise Obama for paying $20k in taxes asking if that is all he pays?

and if his paying little or no taxes was not an issue why not release his taxes in the first place?

come on mate!!!

 
Drapsey 2020-09-28 12:17:16 

In reply to sudden

I started writing a reply to stevo's post, but decided against saving it.

I'm glad I did though, because yours not only does a better summation of stevo's, but is a whole lot more palatable.

 
sudden 2020-09-28 12:18:58 

In reply to Drapsey

you should have still posted yours big grin

 
steveo 2020-09-28 12:33:29 

In reply to sudden

Come on man. do you think that that is all his tax disclosure info reveals.

that notwithstanding did he not criticise Obama for paying $20k in taxes asking if that is all he pays?

and if his paying little or no taxes was not an issue why not release his taxes in the first place?

come on mate!!!


Ok, I want you to understand what I said was not about Trump personally, its about any businessman in the US of A.

Now about criticizing Obama, I am guessing this is politics and you blame the other, even if you are worse.

Why he did not release, that is very simple, its is the same reason Apple, Exxon and other big business dont use their tax payments as part of their marketing.

Dont read me wrong. If Trump has acted unlawful he should pay the consequences.

 
steveo 2020-09-28 12:34:40 

In reply to Drapsey

Very good of you

 
Drapsey 2020-09-28 12:36:44 

In reply to steveo

Why he did not release, that is very simple, its is the same reason Apple, Exxon and other big business dont use their tax payments as part of their marketing.

Finally, I've found something to agree with you on.

President Apple and President Exxon should also be 'required' to pay their share of taxes.

 
steveo 2020-09-28 12:39:19 

In reply to Drapsey

Finally, I've found something to agree with you on.

President Apple and President Exxon should also be 'required' to pay their share of taxes.


Again expecting a moral stance

 
nick2020 2020-09-28 12:39:39 

In reply to steveo

People who are surprised at Trump taking full advantage of the tax system as a business man, is either disingenuous or plain stupid. This is nothing more than standard business practice in the US.


IS he a billionaire? lol

 
sudden 2020-09-28 12:46:34 

In reply to steveo

sorry. that was pure bollocks. wheel and come again

 
steveo 2020-09-28 12:47:19 

In reply to nick2020

IS he a billionaire?


Depends on how you look at it wink

People who think Trump voters were voting for the 3rd coming of Jesus (Obama was the 2nd), are dead wrong.

Those voters and not voting FOR, they are voting AGAINST the gays, the muslims, the vegetarians, the blacks and so on

I expect him to win even more handily this time, I am taking bets.

 
steveo 2020-09-28 12:48:30 

In reply to sudden

sorry. that was pure bollocks. wheel and come again


Well then you are stupid wink lol lol

 
sudden 2020-09-28 12:51:36 

In reply to steveo

i will take that any day over what you posted about what Trump's tax disclosure

 
sudden 2020-09-28 12:53:28 

In reply to steveo

Those voters and not voting FOR, they are voting AGAINST the gays, the muslims, the vegetarians, the blacks and so on


are you talking about Guyana or USA?

 
camos 2020-09-28 12:58:08 

In reply to steveo

I expect him to win even more handily this time, I am taking bets.



why? while he has spent a lot of time pampering his base, he has done nothing to expand it,or build a coalition, all this from a guy who had 3 million fewer votes than his opponent last time.

 
steveo 2020-09-28 13:04:26 

In reply to sudden


are you talking about Guyana or USA?


Now you are proving what I previously said

 
steveo 2020-09-28 13:05:13 

In reply to camos

why?


People will vote racial lines

 
camos 2020-09-28 13:10:39 

In reply to steveo

People will vote racial lines


a lot of white people are concerned about the racial tone of Trump!

 
steveo 2020-09-28 13:18:59 

In reply to camos

some, the vocal minority

 
Ayenmol 2020-09-28 13:38:09 

Amazing all the people who love to claim how they knew, after the fact.

Lol....they can never offer an opinion or give a clear analysis of what is going on....

But when things begin to unfold they want to take credit for the 'feeling' they had.

Before this man was elected I focused on his fraudulent dealings....his inability to work with others....his focus on his brand....his interest in family only.....his seeking of TV fame .... His disinterest in the Country and disinterest in sacrifice.

I even told you all why Obama making fun of him is what moved him to seek office.... he pretty much admitted that lately.

Now I seeing guys who religiously filled this board with junk about how good Trump is for the economy and their pocket book, now claiming OTHERS are conned by him....i tell you.

 
nitro 2020-09-28 13:52:42 

In reply to Ayenmol


now claiming OTHERS are conned by him....i tell you.


I was not conned by Trump. Trump policies are good for the economy.

He facked up bigly with the Chinese virus, so i want him out. He failed in a time of crisis.

 
Ayenmol 2020-09-28 13:57:29 

In reply to nitro

Steeeeeeeuuuuuupppssssss.

At the beginning of the pandemic you said you did not care as long as your pocket book is doing fine....I guess your pocket book no longer doing fine.....i did warn you that money is fleeting.

Trump is not responsible for the Market....you were conned.

 
hotarobin 2020-09-28 14:08:36 

....outside of Trump I have never seen anyone more full of themselves as one fellow on this here message board....the narcissism stinking up the place....Lord have mercy!! rolleyes rolleyes rolleyes

 
Ayenmol 2020-09-28 14:16:46 

In reply to hotarobin

You just upset am right.

Why would i not point out am right in the midst of the cascade of detractors?

Who would sit there and watch others attack their viewpoint endlessly and not point out their record?


When you all start speaking the truth I won't have to point out my stellar record.

 
StumpCam 2020-09-28 14:20:17 

In reply to camos

while he has spent a lot of time pampering his base, he has done nothing to expand it,or build a coalition, all this from a guy who had 3 million fewer votes than his opponent last time.


I disagree! There have been multiple reports that said Trump campaign workers have been going door to door to get the vote out, while Biden & Kamala have stayed away due to COVID-19. Consequently, voters including Hispanics have said they more likely to vote for the party that rings their bell!

 
black 2020-09-28 14:21:39 

In reply to hotarobin


.outside of Trump I have never seen anyone more full of themselves as one fellow on this here message board....the narcissism stinking up the place....Lord have mercy!!



Crazy people don't know that they are crazy. lol lol lol

 
Ayenmol 2020-09-28 14:28:07 

In reply to black

But they know they are right!

lol lol lol

So who crazy?

The one detached from reality and enviously trying to tear down the one who is proven right in his opinions more than anyone else on a mb.

You can't prove me wrong so you attacking me for being right.


Talk about wickedness.

 
birdseye 2020-09-28 14:52:59 

In reply to carl0002

Calling NFL players unpatriotic while they pay more taxes than him.
That is such a poignant point ---- I so wish people in media would read some of the posts here to bring argument like to the greater audience

 
Ayenmol 2020-09-28 15:14:08 

In reply to birdseye

I so wish people in media would read some of the posts here to bring argument like to the greater audience


You really are a weird dude.

You really think people here have it figured out and 300 mil people don't ehh?


Lol...man expand your horizon...

 
beesis 2020-09-28 15:28:36 

In reply to steveo

Steveo .. you my friend you are on the money. I will definitely be voting against Mr Trump but I am on your side with the arguments you have posted here.

 
VIX 2020-09-28 16:00:09 

In reply to steveo

you got it.

Those voters and not voting FOR, they are voting AGAINST the gays, the muslims, the vegetarians, the blacks and so on
ANd science, and wearing masks, and against gun control and against abortion and against climate change adaptation etc etc etc



the backroom crazies continue to live in a dream world where they think murcans are good people and will not vote trump again lol lol

 
birdseye 2020-09-28 16:16:56 

In reply to Ayenmol

You really think people here have it figured out and 300 mil people don't ehh?
No - but even the broken clock is right twice a day – and carl0002 comment could just be one of those times --- unlike you who would/could fail to get one (1) correct answer on a 100 question multiple choice test big grin

 
Ayenmol 2020-09-28 16:30:53 

In reply to birdseye

First of all that sentiment is all over the news.

Second...you claim that the media should listen to people here....seriously....where did you get the info regarding how much he paid in taxes?

Why do you think that point is highlighted?

Of course what you don't understand is that many who support himand claim they ate patriotic lament the paying of taxes as well.

So you do not understand much than look at things from a myopic position.

The rest of that stuff is dishonest drivel.

 
Drapsey 2020-09-28 16:34:23 

In reply to Ayenmol

Amazing all the people who love to claim how they knew, after the fact.

Everyone, including you, knew that there was something unbecoming with Donald Trump's tax status.

Why else would he have fought so hard to keep that information from being published?

 
Ayenmol 2020-09-28 17:16:07 

In reply to Drapsey

Including the people who put him in there.

That's not the point am making. But ok.

 
steveo 2020-09-28 17:57:26 

In reply to VIX

ANd science, and wearing masks, and against gun control and against abortion and against climate change adaptation etc etc etc



the backroom crazies continue to live in a dream world where they think murcans are good people and will not vote trump again


backroom crazies lol lol

 
birdseye 2020-09-28 23:56:41 

In reply to Ayenmol

Of course what you don't understand is that many who support himand claim they ate patriotic lament the paying of taxes as well.
And that’s how he and his followers show how much they love America ---, by depriving the county of the necessary resources – taxes – I could give him a pass on his five time bone spurs exemptions – accepting that he is a coward – but to refuse to support the troops by making his fair contributions to the treasury.

He claim the military was depleted and he has built it up --- where does he think the money to build it up comes from, Mexico? -- the wall? how much wall he think $750 can build?

 
Ridge 2020-09-29 01:30:52 

Good timing by the TIMES but Biden will still get knocked down in the debate tomorrow night. lol

 
camos 2020-09-29 01:36:11 

In reply to Ridge

by whom,is not Trump debating?

lol

 
nitro 2020-09-29 01:57:29 

In reply to camos

Come on bro. Biden never won a debate, Trump is going to bully him all night.

This will be fun, Tyson vs Berbick!

 
Runs 2020-09-29 08:52:46 

In reply to Casper

Lock him up