NYT publishes Trump tax returns
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When we discuss this before, I said that I think the only reason that he does not want to release his tax forms is for two reasons:
- He does not make as much money as he says he does
- He does not donate much (if any) to charity.
I think that is still true, but as everybody above me said, it really won't change anybody mind.
Those who support him will say - "So what"
Those who dont support him will say - "See"And it won't matter either way.
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This tells us what we always knew about him, he’s better at playing successful mogul than actually being one.
These aren’t going to be legally interesting on their own in any novel way, the IRS has been auditing them for years.
The legally interesting bit is how all these massive loss claims interact with the various loan documents submitted at the same time. That’s where the fraud potential lies.
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Personally guaranteed debt of $400MM due 2022, plus a disputed 72MM with the IRS.
I wonder who he owes that 400 million to?
That could bankrupt him personally.
Seems like a potential national security issue.
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@Jolly said in NYT publishes Trump tax returns:
Then why doesn't the vaunted Grey Lady do a story on something we don't know, like what Hunter did to earn millions from the Russians, Chinese and the Ukranians?
Didn’t the senate investigate this? Did they turn up something or not?
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I think the $400MM personally guaranteed debt to god-knows-whom is one of the big deals that will fall out of this. Though of course the media will focus on the trivial total income tax paid.
There’s a reason you can’t get a security clearance when you’re heavily in debt.
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I wonder if his reported income was low enough for him to get the $1200 Covid check?
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@jon-nyc said in NYT publishes Trump tax returns:
This tells us what we always knew about him, he’s better at playing successful mogul than actually being one.
Which is of course why he didn't want to release them. It's never been about legality. It's about his bullshit.
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Well the idea that he was hiding specific tax fraud in his returns never made sense because the Feds obviously had them.
But hiding them from bankers that might have received very different information is certainly in play here. Seems more likely than not given that he was able to get any loans at all.
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I still think the big news is the national security implications of nearly a half billion in personal debt.
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Also all kinds of ironies in the fact that The Apprentice kept him afloat for many years.
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@jon-nyc said in NYT publishes Trump tax returns:
I still think the big news is the national security implications of nearly a half billion in personal debt.
His supporters won't likely care much - they're going to say he's sticking it to the man, missing the obvious point that he's actually the man, at least for now. His creditors might, as you say.
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No the average voter won’t think much about the implications, that’s why the press will play the fact that he paid less federal income tax than your average secretary.