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Trump's tax returns

Aannnnddd ...

As expected the case has made it to the supreme Court. Sort of.

https://www.cnbc.com/2020/10/13/trump-asks-supreme-court-to-block-subpoena-for-his-tax-returns.html

Trump's lawyers have asked for access to his financial records to be temporary blocked from prosecutors until they hear/rule on the appeal.

At this point there is no guarantee the court will even hear his appeal. (They could simply look at lower court rulings and say "this case isn't worth our time to hear.)


Sent from my LM-X320 using Tapatalk
 
A quick&easy way to reform the tax system would be to start with the premise that everything that Trump did should be illegal.
 
Fun development: through a shell company, Trump has a previously-unreported bank account in China. While its balance and purpose isn't known, it has paid $188k in Chinese taxes.

CNN story

I'm sure the fact that Trump has paid more than 200 times as much in taxes to China as the US will not come up at all in Thursday's debate.
 
Beelzebuddy said:
Fun development: through a shell company, Trump has a previously-unreported bank account in China. While its balance and purpose isn't known, it has paid $188k in Chinese taxes.

CNN story

I'm sure the fact that Trump has paid more than 200 times as much in taxes to China as the US will not come up at all in Thursday's debate.
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I think that it might be worth adding to that a little, to poke at another person's quoting of the NYT article -

In 2017, the company [Trump International Hotels Management] reported an unusually large spike in revenue — some $17.5 million, more than the previous five years’ combined. It was accompanied by a $15.1 million withdrawal by Mr. Trump from the company’s capital account.

<snip?>

On the president’s public financial disclosures for that year, he reported the large revenue figure, and described it only as “management fees and other contract payments.”
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That's more than a little fishy.
 
Oh yay! An October surprise! Trump paid way more taxes to China than he paid to the US.

From the CNN link:
Trump Organization lawyer Alan Garten, who refused to name the Chinese bank that holds the account, told the Times in a statement that the Trump Organization "opened an account with a Chinese bank having offices in the United States in order to pay the local taxes" tied with its push to do business in the country.
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In order to pay taxes with his push to do business there? You mean like all that money Ivanka is making with her patented clothing line?

Or is this to pay taxes on all those vacation houses the Trumps were marketing to Chinese citizens as tickets to US citizenship?

But the large money transfers in 2017 remain the absolutely most surprising and between that and the 'paying more taxes to China than to the US' make for wonderful Oct surprises.
 
That NYT article is just full of surprises:
Senate Republicans produced a report asserting, among other things, that Mr. Biden’s son Hunter “opened a bank account” with a Chinese businessman, part of what it said were his numerous connections to “foreign nationals and foreign governments across the globe.”

But Mr. Trump’s own business history is filled with overseas financial deals, and some have involved the Chinese state. He spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president and forging a partnership with a major government-controlled company.

And it turns out that China is one of only three foreign nations — the others are Britain and Ireland — where Mr. Trump maintains a bank account, according to an analysis of the president’s tax records, which were obtained by The New York Times. The foreign accounts do not show up on Mr. Trump’s public financial disclosures, where he must list personal assets, because they are held under corporate names. The identities of the financial institutions are not clear.
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I picture Hillary looking at this and thinking, 'Payback's a bitch', Bwahahahahahaha.
 
Tax records show Trump had over $270 million in debt forgiven after failing to repay lenders.

President Donald Trump has had more than $270 million in debt forgiven since 2010 after he failed to repay his lenders for a Chicago skyscraper development, The New York Times reported Tuesday.

An analysis of his tax records by the Times shows that after the Trump International Hotel & Tower in Chicago encountered financial problems, big banks and hedge funds cut Trump considerable slack, granting him years of additional time to repay his debts, much of which was ultimately forgiven.

And while the previously unreported forgiven debts would usually fuel a large tax bill, Trump appears to have managed to pay almost no federal income tax on them, the Times reported, partially because of the significant financial losses his other businesses were enduring.

https://edition.cnn.com/2020/10/27/politics/trump-tax-records-chicago-loan/index.html?
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Nothing to see here.

(I wonder what the quid pro quo could have been, as banks are not universally known for their forgiveness.)
 
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Firestone said:
Tax records show Trump had over $270 million in debt forgiven after failing to repay lenders.



Nothing to see here.

(I wonder what the quid pro quo could have been, as banks are not universally known for their forgiveness.)
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As an actual successful billionaire put if "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem"
 
I recognized Trump’s incessant projection a year or two ago, but I didn’t realize how deep it went.
Even before the 2016 primaries, he was accusing others of having his faults with all his little nicknames:

Sanctimonious James C.
Leakin’ Diane
Shady James C.
Dummy Beto,
Lyin’ Ted
Cheatin’ Barack,
Wacky Jackie
Low-IQ Maxine
Slippery Hillary
Crazy Nancy

As well as Heartless, Crooked, Skank.

The only names that I found that I could not accurately apply back to Trump were those that make fun of people’s eyesight (Mr. Magoo, Mr. Peepers) or height (liddle’ [sic]). Oh, and Pocahontas.
 
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Ladewig said:
The only names that I found that I could not accurately apply back to Trump were those that make fun of people’s eyesight (Mr. Magoo, Mr. Peepers) or height (liddle’ [sic]).
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The way he squints at an autocue trying to form the words into something intelligible leads me to believe that he needs glasses but is too vain to wear them.

If Stephanie Clifford's accounts are to be believed, "liddle" is a term that could be applied to his "trouser mushroom" ;)
 
Ladewig said:
The only names that I found that I could not accurately apply back to Trump were those that make fun of people’s eyesight (Mr. Magoo, Mr. Peepers) or height (liddle’ [sic]). Oh, and Pocahontas.
Click to expand...

The Don said:
The way he squints at an autocue trying to form the words into something intelligible leads me to believe that he needs glasses but is too vain to wear them.
Click to expand...

The man, while under oath, told a judge that he couldn't read from the documents handed to him, because he forgot to bring his reading glasses. Forgot to bring his glasses necessary for reading, to a hearing on contracts: how convenient.
 
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