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Trump's tax returns

Upchurch said:
That's doubtful. If he gets truly walloped in the election, he'll go back to his original plan for 2016: Claim that the system is massively rigged and start his own newstainment network, TrumpTV.

As a matter of fact, the worse he gets beat, the stronger his message of oppression will be.
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Personally, I think the Trump name is going to be so toxic that no one will want to deal with him.
 
Beau of the Fifth Coloum weighs in.

Summed up: we're making a mistake when we focus on him paying only $750 in taxes. They don't care about that, because they don't care about civic duty. "They won't even wear a mask". They're selfish creatures.

What we should focus on is that he lied to them, that he's incompetent with finances, that his image as a successful businessman is BS. "The guy can't even balance a checkbook, how's he supposed to make America great again?" He mysteriously started to lose money, lots of it, right about 2012. What happened in 2012 that caused this? Lots of trips to Israel about this time.

I think maybe he has a point. When we joke about the $750, and the $70 000 spent on his hair, just bounces off them. He doesn't pay taxes? He's smart. He wastes a five-digit sum on his horrible hair? He's rich, they spend lots of money on all sorts of things. He's in terrible debt and ? That might just hit something with them.
 
Ziggurat said:
Most people don't have very complex taxes, and when they do overpay they tend to get it back as a refund. Trump does have very complex taxes, and he didn't get back his overpayment as a refund.
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Had Trump requested the $4,199,250 he overpaid in his quarterly estimated payments as a refund I believe Treasury would have paid the interest generated on that amount over the relevant period of time. Should be a fair amount of money.

Applying $4,199,250 to the following year's estimated tax generates zero interest.

Bad business sense there if you ask me. And how is it he so wildly overestimated his 2017 tax liability?
 
Horatius said:
That keeps them out of prison for these crimes.


Does anyone here actually believe that this family, into at least their third generation of routine tax fraud, mortgage fraud, and bank fraud, will suddenly become paragons of virtue after this circus finally folds its tent?
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Absolutely not. Which is why I'm delighted New York is going after Trump. I suspect the rest of his nits will be caught up in that net, too.
 
The Don said:
On the other hand.... Lets say its true. Lets say that we are only seeing evidence of the poorly performing businesses, and Stubby McBonespurs actually has hidden businesses that have more than enough income to cover his losses.

That isn't exactly a sign of a very good businessman. Usually, when you have a large organization with multiple branches, the company will cut out the poorly-performing ones to concentrate on the more profitable areas. (Unless of course they need to stay open for strategic reasons...) If Trump is actually keeping (for example) golf courses open despite them operating at a significant loss, that is the sign of a bad businessman.
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It depends on what's causing the losses.

If the businesses themselves are running at a loss, receipts running well behind expenses then that's one thing and you're right, a good businessperson would either address the losses or dispose of the loss-making part of the business.

OTOH if the businesses are running at a loss because they're paying a huge fee to another Trump business to licence the use of the Trump name and/or are carrying a huge debt load because Trump has lumped them with the loans he took out to buy them in the first place and/or are carrying loans belonging to other Trump businesses or Donald Trump himself. This is the kind of approach the Glazers used when they bought Manchester United. They bought the club with loans and then transferred the debt to the club.
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Yes, there may be some cases where debt/loses are understandable (that's why I talked about exceptions for "strategic reasons".)

The problem for Trump is that it appears the losses go back for a substantial amount of time, and if the successful parts of the business that are subsidizing the losing parts are "hidden", then there doesn't seem to be much of a linkage there.
 
Ziggurat said:
George HW was dull and boring compared to Reagan, but he still got elected. It probably depends on how things look in 2024. If the economy is roaring, he would probably have a good chance. If we're in a recession, then his odds would be low.
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Nice use of the qualifier "compared to Reagan" who was a famous Hollywood actor known for his affability and charm. George HW was also a war hero, was St Ronald of Reagan's VP, and ran against Dukakis who was not exactly a tough opponent. On the other hand, Pence IS dull as dishwater. He makes a cadaver look like the life of the party.
 
I wonder if this (older) story now takes more relevance, now that the NYT has examined Trump's taxes...

From: Daily Beast
Senate investigators have reportedly interviewed a whistleblower at the Internal Revenue Service who has said the audit of the president or the vice president was the subject of improper political interference.
 
Stacyhs said:
Nice use of the qualifier "compared to Reagan" who was a famous Hollywood actor known for his affability and charm. George HW was also a war hero, was St Ronald of Reagan's VP, and ran against Dukakis who was not exactly a tough opponent. On the other hand, Pence IS dull as dishwater. He makes a cadaver look like the life of the party.
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Just needs some emphasis.

(Of course, he was a vast cauldron of fiery charisma compared to Mondale, which illustrates nicely the flip side of the Reagan/Bush thing)
 
Segnosaur said:
I wonder if this (older) story now takes more relevance, now that the NYT has examined Trump's taxes...

From: Daily Beast
Senate investigators have reportedly interviewed a whistleblower at the Internal Revenue Service who has said the audit of the president or the vice president was the subject of improper political interference.
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"or?"
 
Stacyhs said:
Nice use of the qualifier "compared to Reagan" who was a famous Hollywood actor known for his affability and charm. George HW was also a war hero, was St Ronald of Reagan's VP, and ran against Dukakis who was not exactly a tough opponent. On the other hand, Pence IS dull as dishwater. He makes a cadaver look like the life of the party.
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"Weekend at Mike's" ??
 
Stacyhs said:
Nice use of the qualifier "compared to Reagan" who was a famous Hollywood actor known for his affability and charm. George HW was also a war hero, was St Ronald of Reagan's VP, and ran against Dukakis who was not exactly a tough opponent. On the other hand, Pence IS dull as dishwater. He makes a cadaver look like the life of the party.
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The dull part doesn’t bother me. His overtly misogynistic creep vibe is what causes the loss of my lunch. He’s ******* gross.
 
I wonder if Eric is finally realising why daddy made him sign all the Trump Org financial paperwork.
 
I think it’s pretty impressive that they USA made their poorest person president.
It's usually the wealthy that make it.
 
Joe Biden Tweeted
@JoeBiden
· 1h
The American people deserve transparency from their leaders, it's why as of today, I've released 22 years of my tax returns. twitter.com/CNBC/status/13…
 
Stacyhs said:
Nice use of the qualifier "compared to Reagan" who was a famous Hollywood actor known for his affability and charm. George HW was also a war hero, was St Ronald of Reagan's VP, and ran against Dukakis who was not exactly a tough opponent. On the other hand, Pence IS dull as dishwater. He makes a cadaver look like the life of the party.
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Pence is the kind of crazy that comes from being sure. He's as bat **** crazy as Trump but just coming from a different direction.
 
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