Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance

[gunsmoke]

Not that anyone on here will read this since it is very long and says what everyone (except the cult members) already know: Trump is a tax dodger in addition to a draft dodger and he is a lousy businessman.

But...but...but...you can't tell anything from tax returns, will be the reply from the brain dead.

Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance

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.

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.

Against that backdrop, the records go much further toward revealing the actual and potential conflicts of interest created by Mr. Trump’s refusal to divest himself of his business interests while in the White House. His properties have become bazaars for collecting money directly from lobbyists, foreign officials and others seeking face time, access or favor; the records for the first time put precise dollar figures on those transactions.

While Mr. Trump crisscrossed the country in 2015 describing himself as uniquely qualified to be president because he was “really rich” and had “built a great company,” his accountants back in New York were busy putting the finishing touches on his 2014 tax return.

After tabulating all the profits and losses from Mr. Trump’s various endeavors on Form 1040, the accountants came to Line 56, where they had to enter the total income tax the candidate was required to pay. They needed space for only a single figure.

Zero.

For Mr. Trump, that bottom line must have looked familiar. It was the fourth year in a row that he had not paid a penny of federal income taxes.

The tax records reveal another way Seven Springs has generated substantial tax savings. In 2014, Mr. Trump classified the estate as an investment property, as distinct from a personal residence. Since then, he has written off $2.2 million in property taxes as a business expense — even as his 2017 tax law allowed individuals to write off only $10,000 in property taxes a year.

Courts have held that to treat residences as businesses for tax purposes, owners must show that they have “an actual and honest objective of making a profit,” typically by making substantial efforts to rent the property and eventually generating income.

Whether or not Seven Springs fits those criteria, the Trumps have described the property somewhat differently.

It is a really interesting read...that no one on here will read because it is just another in a long line of "I told you so's" from the educated world to the Trumpian world.

 

[Crabcatcher79]

$750.

He paid $750 in taxes and claims to be a billionaire. And at least ten years paid nothing

He is in personally in Debt to Deutsche bank for more than $300 million possibly $500 million.

People with debts of $10,000 have been denied security clearances because they can easily be swayed. This tool is doing the bidding of whoever pays his debts

I will never forgive Republicans for allowing this traitorous, tax cheat and chronic liar for doing this to our country.

If only he had shown his taxes we could have .avoided all this and almost a quarter of a million Americans would still be alive. Clinton told the truth throughout the debates and yet the GOP propaganda won out.

Anyone who paid taxes should be disgusted.

 

[Rommey]

...and the NYT obtained this information...how? From anonymous sources. And how did these sources obtain the data? I'm guessing the sources have broken the law by getting personal income data.

Second, the left has been trying for years to get this information out in the public and they suddenly "find" this data just before the election? Pretty convenient...

The editors of the NYT are not going to make the records public, so we are left with "trust us". But, no matter what you want to believe, how much of whatever is in the supposed data was done legally? If you don't like how someone takes advantage of the tax code, don't get mad at the person for using the tax code to their benefit, get mad at the Congress for passing such advantages in the tax code.

 

[Crabcatcher79]

...and the NYT obtained this information...how? From anonymous sources. And how did these sources obtain the data? I'm guessing the sources have broken the law by getting personal income data.

Second, the left has been trying for years to get this information out in the public and they suddenly "find" this data just before the election? Pretty convenient...

The editors of the NYT are not going to make the records public, so we are left with "trust us". But, no matter what you want to believe, how much of whatever is in the supposed data was done legally? If you don't like how someone takes advantage of the tax code, don't get mad at the person for using the tax code to their benefit, get mad at the Congress for passing such advantages in the tax code.

“All of the information The Times obtained was provided by sources with legal access to it. While most of the tax data has not previously been made public, The Times was able to verify portions of it by comparing it with publicly available information and confidential records previously obtained by The Times.”

Ever heard of al Capone? This is just the start. The NYT has shown their sources and they have been confirmed.



Your boy is going to jail and his campaign manager already tried to kill himself tonight because he knows the clock is ticking on all of them


And you are still defending him.

Paying zero taxes in 10 of 15 years and $750 two of those years?

And being in debt $300 million when you claim he is a genius businessman?

 

[Crabcatcher79]

 

[Louise]

$750.

He paid $750 in taxes and claims to be a billionaire. And at least ten years paid nothing

He is in personally in Debt to Deutsche bank for more than $300 million possibly $500 million.

People with debts of $10,000 have been denied security clearances because they can easily be swayed. This tool is doing the bidding of whoever pays his debts

I will never forgive Republicans for allowing this traitorous, tax cheat and chronic liar for doing this to our country.

If only he had shown his taxes we could have .avoided all this and almost a quarter of a million Americans would still be alive. Clinton told the truth throughout the debates and yet the GOP propaganda won out.

Anyone who paid taxes should be disgusted.

Crab season has come to an end for the year. I know this because FIL and BIL have a license to crab In Benedict. Better luck next year, Crabcatcher79. Trump will win in a landslide. God bless the USA.

 

[Louise]

...and the NYT obtained this information...how? From anonymous sources. And how did these sources obtain the data? I'm guessing the sources have broken the law by getting personal income data.

Second, the left has been trying for years to get this information out in the public and they suddenly "find" this data just before the election? Pretty convenient...

The editors of the NYT are not going to make the records public, so we are left with "trust us". But, no matter what you want to believe, how much of whatever is in the supposed data was done legally? If you don't like how someone takes advantage of the tax code, don't get mad at the person for using the tax code to their benefit, get mad at the Congress for passing such advantages in the tax code.

When they have nothing, they put out crap, as in flip flop. I remembered that Obama was only for marriage between a man and woman, and then he flip flopped after his inauguration. He is married to a transgender. Nothing more has to be said. God bless the USA.

 

[SkylarkTempest]

. He is married to a transgender.

LOL. So Michelle identifies as a man? Source, please. What am I saying? You don't use sources...

 

[pontificator]

All that money written off on hairdos and the orange mop is still a disaster. Do any of his investments make any returns?

 

[GURPS]

He paid $750 in taxes and claims to be a billionaire. And at least ten years paid nothing

So What ....

Please point out which Tax Laws Were Violated, and explain why you thing the IRS has not audited Trump's Taxes

He is in personally in Debt to Deutsche bank for more than $300 million possibly $500 million.

YOU Wish you could secure $ 300 million in PERSONAL LOANS ....... you keep screeching like this is a terrible thing

.... oh Trump is susceptible to black mail ..... <---- FANTASY CONJECTURE Offering NO PROOF

People with debts of $10,000 have been denied security clearances because they can easily be swayed. This tool is doing the bidding of whoever pays his debts

See Above

I will never forgive Republicans for allowing this traitorous, tax cheat and chronic liar for doing this to our country.

Good we are seeking your approval dick breath

If only he had shown his taxes we could have .avoided all this and almost a quarter of a million Americans would still be alive.

Liar more would be dead from an inept Clinton Administration

Clinton told the truth throughout the debates and yet the GOP propaganda won out.

Clinton lied her ass off ......

Anyone who paid taxes should be disgusted.

Why because Trump has great tax accountants and lawyers

 

[GURPS]

All of the information The Times obtained was provided by sources with legal access to it.

Nice Dodge ..... that statement does not mean the New York Times access to the tax files is LEGAL

.... and confidential records previously obtained by The Times.”

which means the NYT should not have the files

Your boy is going to jail

Fantasy Conjecture ....

Paying zero taxes in 10 of 15 years and $750 two of those years?

Don't be jealous ...... its called a Tax Break for a massive loss in the mid 90's

And being in debt $300 million when you claim he is a genius businessman?

So what ...... you wish you could borrow that kind of money

Trump has his name on over 500 companies and is worth a billion dollars ...... $ 300 million in debt is NOTHNG

and **** munch ..... the $ 300 million owed to Deutsche Bank is OLD News from 2015



and there is NO Russian Connection Shown Either

 

[Crabcatcher79]

When they have nothing, they put out crap, as in flip flop. I remembered that Obama was only for marriage between a man and woman, and then he flip flopped after his inauguration. He is married to a transgender. Nothing more has to be said. God bless the USA.

Why do you hate our country so much you allow this man to ruin it?

You don’t want to defund the police but you are ok with Trump not paying any taxes to fund the police.

How do you remember to breath being that dumb?

 

[Kyle]

 

[GURPS]

yeah a rehashed story from 2016



Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found


Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.

The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.

Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.

 

[gemma_rae]

 

[kom526]

“All of the information The Times obtained was provided by sources with legal access to it.

Having access does not infer permissions to distribute said information.

26 U.S. Code § 7213 makes it illegal to disclose unauthorized information, including tax returns.

 

[Crabcatcher79]

Having access does not infer permissions to distribute said information.

26 U.S. Code § 7213 makes it illegal to disclose unauthorized information, including tax returns.

So you are more upset with the person who called the cops than the guy who robbed the bank.

makes sense you are still a Trump supporter then

 

[Kyle]

So you are more upset with the person who called the cops than the guy who robbed the bank.

makes sense you are still a Trump supporter then

Eh-em.... except nobody robbed a bank

Fantasy, conjecture and wishful thinking are not evidence of a crime.

 

[GURPS]

Fantasy, conjecture and wishful thinking are not evidence of a crime.

Sapidus modus operandi

 

[GURPS]

So you are more upset with the person who called the cops than the guy who robbed the bank.

you have NO Facts to back up your assertion Trump the law, so you engage in spacious masturbation