House Releases Trumps Tax Returns

[LayingPipe]

3 Presidents Herbert Hoover, John Kennedy and Donald Trump donated their salary to charities


Take a look at losses in your 401k this year and thank the president who's been on the government payroll for 52 years

[SpeedRacerXXX]

When Biden took office in January 2021 the DJIA was 30,996. Today it is 33,147. 7% increase. 2021 was a very good year for one's stock portfolio. 2022 not very good.

[klarnax]

Originally Posted by Jackie S

Millions.

It takes 100 of those to make a billion.

Trump supporters are literally retarded

QED

[ICU 812]

That was yesterday. Today everyone is talking about the arrest of that Idaho stabbing suspect.

If it was such a big deal, why did they release the tax info late on the Friday of a big holiday weekend?

[Chase7]

Wonder why Biden, Hunter Biden, both Pelosi’s tax returns and all their family haven’t been investigated by the FBI, DOJ and the IRS.

[Jackie S]

It’s been a week. Where is the huge “bombshell” that will land Trump in a modern day Alcatraz.

You might as well resort back to RUSSIA, RUSSIA, RUSSIA!!

[WTF]

Originally Posted by The_Waco_Kid

he did, until the pandemic.


Trump critics havelong claimed that if the former president had simply taken the money his father gave him, stuck it in the S&P 500 and watched the money appreciate over time, he’d be far richer. But for years, those critics were wrong. In fact, Trump outperformed the market for much of his life, developing some great buildings, lucking out on a couple of other projects and capitalizing on a knack for marketing.


https://www.forbes.com/sites/danalex...h=48c635731c48


TRUMP VERSUS THE S&P 500

Forbes estimates the size of Donald Trump’s fortune twice a year, as represented by the green bars. Before the pandemic, Trump was worth far more than what he would have been if he had put his father’s funds into the S&P 500, a hypothetical amount symbolized by the black line cutting through the bars. After Covid struck, however, Trump’s business deflated while the market soared, meaning Trump would now be richer if he had just invested it all in the S&P 500.

In order to fairly measure Trump against the S&P 500, you need to answer three questions: how much the former president received from his dad, when he received that money and what he is worth now. Around 2016, several outlets tried to make the comparison without knowing those answers, leading to bad guesses that fueled years of inaccurate speculation. On October 2, 2018, the New York Times clarified the picture, addressing the first two questions with a single line buried inside a 13,000-word exposé on the tax returns of Fred Trump, Donald’s dad. “Here is what can be said with certainty,” the article stated. “Had [Donald] Trump done nothing but invest the money his father gave him in an index fund that tracks the Standard & Poor’s 500, he would be worth $1.96 billion today.”


At the time, Forbes estimated that Trump was worth $3.1 billion. In other words, despite all of the speculation to the contrary, he had apparently outperformed the market index by about $1 billion, as of 2018. That accomplishment didn’t get anywhere near as much coverage as the previous suggestions that Trump had underperformed the market.


Trump continued to stay comfortably ahead of the S&P 500 until last year, when Covid turned the world upside down. The stock market tanked, and Trump personally lost an estimated $1 billion in a matter of weeks. After the initial shock, the overall market began to recover, but Trump’s fortune languished. With his hotels, storefronts and office buildings hollowed out, the S&P 500 started to catch up to Trump. Eventually, in early 2021, the market overtook the mogul for good.


anything else i can explain for ya today son?

You can explain how what I said wasn't true at the time I said it!

You own article says Trump would have more money TODAY...had he just invested in the market.

Jesus

And why did you edit out how much his Daddy left him?

[The_Waco_Kid]

Originally Posted by WTF

You can explain how what I said wasn't true at the time I said it!

You own article says Trump would have more money TODAY...had he just invested in the market.

Jesus

And why did you edit out how much his Daddy left him?

you've been making this claim for years now and for years it was wrong. i didn't edit anything out. wtf you talking about? your claim was billions. not even close. most reports say Fred Trump was worth about 300 million in assets and very little in cash. Trump would have had to sell off all of the properties Fred Trump had acquired to get 300 million in cash to then put in the market. and that's if those properties had no debt which is very unlikely.


"Upon his death, Trump's estate was estimated by his family at $250 million to $300 million, though he had only $1.9 million in cash. His will divided over $20 million after taxes among his surviving children and grandchildren."


Trump never had 300 million in cash when Fred Trump died in 1999 so this whole claim about him being richer if he'd invested is nonsense.

[adav8s28]

Originally Posted by The_Waco_Kid

you've been making this claim for years now and for years it was wrong. i didn't edit anything out. wtf you talking about? your claim was billions. not even close. most reports say Fred Trump was worth about 300 million in assets and very little in cash. Trump would have had to sell off all of the properties Fred Trump had acquired to get 300 million in cash to then put in the market. and that's if those properties had no debt which is very unlikely.


"Upon his death, Trump's estate was estimated by his family at $250 million to $300 million, though he had only $1.9 million in cash. His will divided over $20 million after taxes among his surviving children and grandchildren."


Trump never had 300 million in cash when Fred Trump died in 1999 so this whole claim about him being richer if he'd invested is nonsense.

When you only pay $750 in Federal income tax for the tax year, that means you had a lot of losses that year. You and I pay $750 of tax in one pay period on the W2 statement.

[Levianon17]

Originally Posted by WTF

You too would be making lots of money if your daddy had left you billions!

Trump didn't inherit even one Billion from his father. This article claims it was only about 413 Million.


https://apnews.com/article/north-ame...605ab90acc3a67

[WTF]

Originally Posted by Levianon17

Trump didn't inherit even one Billion from his father. This article claims it was only about 413 Million.


https://apnews.com/article/north-ame...605ab90acc3a67

Maybe I exaggerated like Trump! this from your article.


When he was campaigning, Trump repeatedly boasted of his ability to turn a small loan from his father into his fortune. “My father gave me a very small loan in 1975,” he said, “and I built it into a company that’s worth many, many billions of dollars.”

[Levianon17]

Originally Posted by WTF

Maybe I exaggerated like Trump! this from your article.


When he was campaigning, Trump repeatedly boasted of his ability to turn a small loan from his father into his fortune. “My father gave me a very small loan in 1975,” he said, “and I built it into a company that’s worth many, many billions of dollars.”

Well that's exactly what Trump did. He can boast about it all he wants. It's no skin off my nose.