NYT publishes Trump tax returns
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@Aqua-Letifer said in NYT publishes Trump tax returns:
Don't the details that were publicized mean that either he's using loopholes, legal though they may be, or he's not the successful captain of industry his devotees make him out to be?
Yes, I tend to think that a big part of it is loopholes. A lot of shell games. Frankly, Trump can and should use this to his advantage. Point out that yes, it is ridiculous that he spent $750 in taxes, but hey, that’s the rules and system that Mr. Biden and Biden’s friends in Congress set up. He simply played by their rules. Not his fault he was better at it then they were... But this the very reason why he, Donald Trump, has been working to simplify the tax system and do away with this Byzantine system...
@LuFins-Dad said in NYT publishes Trump tax returns:
@Aqua-Letifer said in NYT publishes Trump tax returns:
Don't the details that were publicized mean that either he's using loopholes, legal though they may be, or he's not the successful captain of industry his devotees make him out to be?
Yes, I tend to think that a big part of it is loopholes. A lot of shell games. Frankly, Trump can and should use this to his advantage. Point out that yes, it is ridiculous that he spent $750 in taxes, but hey, that’s the rules and system that Mr. Biden and Biden’s friends in Congress set up. He simply played by their rules. Not his fault he was better at it then they were... But this the very reason why he, Donald Trump, has been working to simplify the tax system and do away with this Byzantine system...
This might be more believable if he hadn't refused to release his returns in the first place. Or maybe boasting about doing something you've been trying to cover up is the next level 5D chess.
I was only joking
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@Aqua-Letifer said in NYT publishes Trump tax returns:
Don't the details that were publicized mean that either he's using loopholes, legal though they may be, or he's not the successful captain of industry his devotees make him out to be?
Yes, I tend to think that a big part of it is loopholes. A lot of shell games. Frankly, Trump can and should use this to his advantage. Point out that yes, it is ridiculous that he spent $750 in taxes, but hey, that’s the rules and system that Mr. Biden and Biden’s friends in Congress set up. He simply played by their rules. Not his fault he was better at it then they were... But this the very reason why he, Donald Trump, has been working to simplify the tax system and do away with this Byzantine system...
@LuFins-Dad said in NYT publishes Trump tax returns:
@Aqua-Letifer said in NYT publishes Trump tax returns:
Don't the details that were publicized mean that either he's using loopholes, legal though they may be, or he's not the successful captain of industry his devotees make him out to be?
Yes, I tend to think that a big part of it is loopholes. A lot of shell games. Frankly, Trump can and should use this to his advantage. Point out that yes, it is ridiculous that he spent $750 in taxes, but hey, that’s the rules and system that Mr. Biden and Biden’s friends in Congress set up. He simply played by their rules. Not his fault he was better at it then they were... But this the very reason why he, Donald Trump, has been working to simplify the tax system and do away with this Byzantine system...
Really good points and any good tax advisory service would point out all the things they were doing to your tax return. Duh
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@LuFins-Dad said in NYT publishes Trump tax returns:
@Aqua-Letifer said in NYT publishes Trump tax returns:
Don't the details that were publicized mean that either he's using loopholes, legal though they may be, or he's not the successful captain of industry his devotees make him out to be?
Yes, I tend to think that a big part of it is loopholes. A lot of shell games. Frankly, Trump can and should use this to his advantage. Point out that yes, it is ridiculous that he spent $750 in taxes, but hey, that’s the rules and system that Mr. Biden and Biden’s friends in Congress set up. He simply played by their rules. Not his fault he was better at it then they were... But this the very reason why he, Donald Trump, has been working to simplify the tax system and do away with this Byzantine system...
This might be more believable if he hadn't refused to release his returns in the first place. Or maybe boasting about doing something you've been trying to cover up is the next level 5D chess.
@Doctor-Phibes said in NYT publishes Trump tax returns:
@LuFins-Dad said in NYT publishes Trump tax returns:
@Aqua-Letifer said in NYT publishes Trump tax returns:
Don't the details that were publicized mean that either he's using loopholes, legal though they may be, or he's not the successful captain of industry his devotees make him out to be?
Yes, I tend to think that a big part of it is loopholes. A lot of shell games. Frankly, Trump can and should use this to his advantage. Point out that yes, it is ridiculous that he spent $750 in taxes, but hey, that’s the rules and system that Mr. Biden and Biden’s friends in Congress set up. He simply played by their rules. Not his fault he was better at it then they were... But this the very reason why he, Donald Trump, has been working to simplify the tax system and do away with this Byzantine system...
This might be more believable if he hadn't refused to release his returns in the first place. Or maybe boasting about doing something you've been trying to cover up is the next level 5D chess.
The fact is that the numbers the Times are reporting are useless without context. Compensation takes place in ALOT of ways, a lot of which don’t show up on a P&L.
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@jon-nyc said in NYT publishes Trump tax returns:
@Larry said in NYT publishes Trump tax returns:
I looked it up - just the golf courses alone generated 1.9 billion dollars in profit during his first 3 years in office.
Nonsense.
I stand corrected. The figure is for all his businesses, and it was gross, not net. Still, that's far from being broke, and everything else I said still stands.
@Larry said in NYT publishes Trump tax returns:
@jon-nyc said in NYT publishes Trump tax returns:
@Larry said in NYT publishes Trump tax returns:
I looked it up - just the golf courses alone generated 1.9 billion dollars in profit during his first 3 years in office.
Nonsense.
I stand corrected. The figure is for all his businesses, and it was gross, not net. Still, that's far from being broke, and everything else I said still stands.
Nope they have the returns for the whole Trump organization, not just his personal returns. In fact, they're missing 2018 and 2019 of his personal returns.
The Forbes piece was just estimates.
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And the NYT figures are “We promise! Trust us!” numbers without context or supporting docs...
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@jon-nyc said in NYT publishes Trump tax returns:
I wonder if there's a legal reason for them not to release the actual docs or if they would identify the source.
https://www.nytimes.com/2020/09/27/us/trump-taxes-editors-note.html
"We are not making the records themselves public because we do not want to jeopardize our sources, who have taken enormous personal risks to help inform the public." -
@jon-nyc said in NYT publishes Trump tax returns:
I wonder if there's a legal reason for them not to release the actual docs or if they would identify the source.
https://www.nytimes.com/2020/09/27/us/trump-taxes-editors-note.html
"We are not making the records themselves public because we do not want to jeopardize our sources, who have taken enormous personal risks to help inform the public."@Axtremus said in NYT publishes Trump tax returns:
@jon-nyc said in NYT publishes Trump tax returns:
I wonder if there's a legal reason for them not to release the actual docs or if they would identify the source.
https://www.nytimes.com/2020/09/27/us/trump-taxes-editors-note.html
"We are not making the records themselves public because we do not want to jeopardize our sources, who have taken enormous personal risks to help inform the public."Give it 3 months. It'll all come out who they are. The only way for two or more people to keep a secret like this is for only one of them to be alive.
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I'm a bit curious if the legality depends on the source.
Obviously it's illegal for an IRS employee to leak them. But is it an actual crime if, say, the secretary at the accounting firm does? I could imagine that going either way. Obviously they'd face professional and civil repercussions.
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They need to go to jail.
Trump. Biden. Clinton. I don't care. For stuff like this, somebody needs to go to jail.
@Jolly said in NYT publishes Trump tax returns:
They need to go to jail.
Trump. Biden. Clinton. I don't care. For stuff like this, somebody needs to go to jail.
The leak sounds illegal (I don't really know of any legal ways to leak a tax return).
That said - once the info is out, it's out.
I dunno what it means, haven't had a chance to look through myself yet.
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@Jolly said in NYT publishes Trump tax returns:
They need to go to jail.
Trump. Biden. Clinton. I don't care. For stuff like this, somebody needs to go to jail.
The leak sounds illegal (I don't really know of any legal ways to leak a tax return).
That said - once the info is out, it's out.
I dunno what it means, haven't had a chance to look through myself yet.
@xenon said in NYT publishes Trump tax returns:
@Jolly said in NYT publishes Trump tax returns:
They need to go to jail.
Trump. Biden. Clinton. I don't care. For stuff like this, somebody needs to go to jail.
The leak sounds illegal (I don't really know of any legal ways to leak a tax return).
That said - once the info is out, it's out.
I dunno what it means, haven't had a chance to look through myself yet.
Yep, once it's out, it's out.
Somebody needs to go to jail.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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@Jolly said in NYT publishes Trump tax returns:
They need to go to jail.
Trump. Biden. Clinton. I don't care. For stuff like this, somebody needs to go to jail.
The leak sounds illegal (I don't really know of any legal ways to leak a tax return).
That said - once the info is out, it's out.
I dunno what it means, haven't had a chance to look through myself yet.
@xenon said in NYT publishes Trump tax returns:
@Jolly said in NYT publishes Trump tax returns:
They need to go to jail.
Trump. Biden. Clinton. I don't care. For stuff like this, somebody needs to go to jail.
The leak sounds illegal (I don't really know of any legal ways to leak a tax return).
That said - once the info is out, it's out.
That’s what this year taught me.
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@xenon said in NYT publishes Trump tax returns:
@Jolly said in NYT publishes Trump tax returns:
They need to go to jail.
Trump. Biden. Clinton. I don't care. For stuff like this, somebody needs to go to jail.
The leak sounds illegal (I don't really know of any legal ways to leak a tax return).
That said - once the info is out, it's out.
I dunno what it means, haven't had a chance to look through myself yet.
Yep, once it's out, it's out.
Somebody needs to go to jail.
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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.
@jon-nyc said in NYT publishes Trump tax returns:
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.
Speaker Pelosi is picking this up:
Trump taxes are 'national security' issue, Nancy Pelosi says
https://www.bbc.co.uk/news/business-54332956Speaking on NBC, Ms Pelosi said the report showed that "this president appears to have over $400m in debt".
"To whom? Different countries? What is the leverage they have?" she asked, adding: "So for me, this is a national security question." -
Don't the details that were publicized mean that either he's using loopholes, legal though they may be, or he's not the successful captain of industry his devotees make him out to be?
@Aqua-Letifer said in NYT publishes Trump tax returns:
Don't the details that were publicized mean that either he's using loopholes, legal though they may be, or he's not the successful captain of industry his devotees make him out to be?
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Trump Steaks
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GoTrump
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Trump Airlines
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Trump Vodka
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Trump Mortgage
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Trump: The Game
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Trump Magazine
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Trump University
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Trump Ice
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The New Jersey Generals
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Tour de Trump
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Trump Network
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Trumped!
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Trump Taj Mahal
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Trump’s Castle
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Trump Plaza Casinos
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Trump Plaza Hotel
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Trump Hotels and Casinos Resorts
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Trump Entertainment Resorts
....wanna guess what these all have in common, besides having the name Trump in them?
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It confirms what we’ve always known - he’s a shit businessman and a first rate self-promoter. The Apprentice kept him afloat and gave him a platform from which advanced to the presidency.
Only non-witches get due process.
- Cotton Mather, Salem Massachusetts, 1692
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Krugman picked up on Trump’s debt problem as well:
https://www.nytimes.com/2020/09/28/opinion/trump-taxes-debt.html
The most important revelation from the Times report, however, is its confirmation of another thing many observers already suspected: Trump has hundreds of millions in personal debt. It’s unclear whether he has the resources to repay it.
Personal financial trouble has always been a red flag when it comes to filling sensitive government positions, because it’s an open invitation to corruption.
So the confirmation that the nation’s chief law enforcement and national security official — whose business empire already offers many opportunities for undue influence — is drowning in debt is chilling.
