Quote:
Originally Posted by Chung Tran
The Hard right on this Forum, is planning a mass thread bump of older threads, LOL. They want Trump's taxes off the front page!
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well let me help ya out here by bumping this thread. and since the trollmole is too lazy to let's look at a summary of these shocking revelations ..
what you get is what everyone already knew. trump isn't as rich as he claims or even as rich a Forbes estimates him to be.this shouldn't surprise or frustrate anyone who supported Trump or those who can't stand him either.
i winder if the leftanistas here realize what this "stunning expose" .. again without really revealing documents to "protect the source" meaning what info if any the NYT has could have come from a source in the IRS which would be a crime and of course not even the "three pages" the Madcow obtained will likely be released by the NYT. i gonna give Madcow one here yeah?
what it does is take away two key claims by liberals against Trump. if the NYT report is accurate you can't say Trump ran for president just to enrich himself because this claims he's losing a lot of money. and it also claims no previously unknown connection to Russia is in the data.
so all it shows is Trump isn't as rich as he claims and he has no connection to Russia and by being president he's losing money.
https://www.yahoo.com/news/york-time...214056953.html
Donald Trump, a self-proclaimed billionaire, paid only $750 in federal income taxes in the year he was elected US president, according to
a stunning New York Times investigation that could shake up the presidential election.
“Trump taxes show chronic losses and years of tax avoidance,” was the banner headline on the paper’s website on Sunday. The president’s tax returns have long been the holy grail of American political reporting.
The president “paid $750 in federal income taxes the year he won the presidency”, the paper reported, adding that “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.”
In all, the paper said, Trump paid no federal income taxes in 11 of 18 years its reporters examined. Many of his businesses, including his golf courses, report significant financial losses – which have helped him to lower his taxes.
The Times also said the documents it had obtained “comprise information that Mr Trump has disclosed to the IRS, not the findings of an independent financial examination. They report that Mr Trump owns hundreds of millions of dollars in valuable assets,
but they do not reveal his true wealth. Nor do they reveal any previously unreported connections to Russia.”
The paper said it would not publish the documents, in order to protect its source.
the anonymous source thing again. someone in the IRS played vigilante and leaked some return data. that would be illegal. not surprised if Schiff's staff is negotiating with "source" via the NYT as we speak.
we'll even skip Trump's response of could he disputes it
what's left is .. no link to Russia, no enrichment by being prez and certainly Trump figured his brand would get a bump and this shows or claims to that Trump is perhaps overall losing money. probably not but his overall biz has dropped but some are reported doing well.
so let's repeat these shocking things this report "proves" about Trump.
NO CONNECTION TO RUSSIA. NOT PROFITING FROM THE PRESIDENCY
BAHAHAHAHAAAAAAA
The revelations threaten to damage Trump’s repeated claim to be a successful businessman and therefore a capable steward of the US economy.
yet that's what Trump did. even a failed businessman knows two ways to help business. remover over-regulation and cut the noncompetitive too high US Corp tax rate.
The Times also said he has used “questionable measures” to reduce his tax bill. He faced a possible hit of “more than $100m” if he lost “a decade-long audit battle with the IRS over the legitimacy of a $72.9m tax refund that he claimed, and received, after declaring huge losses”.
faced. which means settled. the NYT knows if it's an ongoing issue and they would point it out if so. they''d make a headline of it
It promised more stories in the coming weeks, adding: “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.”
Trump will face Joe Biden at the polls on 3 November. He has long resisted demands by political opponents and the media to release decades of tax information. He is the first president since the 1970s to keep his tax returns concealed.
The Times reported on Trump family tax affairs in late 2018,
winning a Pulitzer Prize.
“Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television,” the Times reported on Sunday.
“Ivanka Trump, while working as an employee of the Trump Organization, appears to have received ‘consulting fees’ that also helped reduce the family’s tax bill.”
The paper added: “Over the past two decades, Mr Trump has paid about $400m less in combined federal income taxes than a very wealthy person who paid the average for that group each year.”
another interesting item. so what did Trump pay over the period? at least the NYT could post the "average" is, right?
Alan Garten, a lawyer for the Trump Organization, told the Times that “most, if not all, of the facts appear to be inaccurate”.
He said: “Over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.”
Related:
Only a fool would write off Trump. But there’s a reason he’s so desperate | Michael A Cohen
The newspaper pointed out that “personal taxes” appeared to cover other federal taxes, including social security and Medicare.
The report prompted instant criticism. Ryan Thomas, a spokesperson for the progressive advocacy organisation Stand Up America, said: “Four years ago, Donald Trump broke decades of precedent when he refused to release his tax returns to the public. At each turn since, he’s attempted to shield his financial records from the public – even as congressional and criminal investigators look into how he’s profited off the presidency and his decades of fraudulent tax schemes.
Sorry Dems. you've taken profiteering off the table the NYT says he's losing his financial ass . we must treat the NYT as FACT at their word!! can't say he's making money! Nope. bahaha
“We’ve demanded Trump’s tax returns for years because the American people deserve to know what he’s paying – and the answer appears to be
very little.
A man who uses dubious tax schemes to avoid paying taxes or lies to the public about his finances has no place in the Oval Office.
once again no one is disputing Trump's claims of an audit, repeatedly. you know they should probably flag all ultra wealthy closely for their own claims. you'd see some interesting stuff. yet this activist and Congress claim they can find what the IRS and NY State regulators and especially the tax assessment office between them all haven't found in 40 years on Trump.
right!
what is more likely here .. that Trump simply isn't as rich as he wants to claim or that he's somehow hoodwinked a half a dozen fed/state agencies for decades.
maybe he is a stable genius after all
BAAHHHHAAAA
Poor broke dumbass
