Mainecat Posted September 27, 2020 Share Posted September 27, 2020 Breaking: NYTimes has gotten ahold of Trump's tax returns. And they're as bad as we thought. No wonder he's been fighting so hard Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance https://nyti.ms/3jmgeBf Donald J. Trump paid $750 in federal income taxes the year he won the presidency. 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. As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million. 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. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted September 27, 2020 Platinum Contributing Member Share Posted September 27, 2020 Damn mc you're full on damage control ahead of the debate . Quote Link to comment Share on other sites More sharing options...
Woodtick Posted September 27, 2020 Share Posted September 27, 2020 Fucker is going down this time. 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 27, 2020 Share Posted September 27, 2020 Is this it? Mainecat has done a complete forensic accounting of his returns?! The month of October oughta be full on liberal hysteria..... Quote Link to comment Share on other sites More sharing options...
Woodtick Posted September 27, 2020 Share Posted September 27, 2020 1 minute ago, Rigid1 said: Damn mc you're full on damage control ahead of the debate . He is going to be a complete mess for the next five weeks. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 27, 2020 Author Share Posted September 27, 2020 Like I said years ago he’s broke. A LOOZER. Quote Link to comment Share on other sites More sharing options...
Woodtick Posted September 27, 2020 Share Posted September 27, 2020 The New York Times finally got H and R block to cough up Trumps returns. 1 Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted September 28, 2020 Share Posted September 28, 2020 If they do have them and release them. Jail time. ?..and not for Trump. Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted September 28, 2020 Share Posted September 28, 2020 15 minutes ago, Mainecat said: Like I said years ago he’s broke. A LOOZER. Loozer..?...what does that make you? Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted September 28, 2020 Share Posted September 28, 2020 Is this it MC, like the dozens of times you claimed was Trump's demise for sure this time..LOL what a fool you are. Quote Link to comment Share on other sites More sharing options...
Rod Posted September 28, 2020 Share Posted September 28, 2020 Imagine you think you can judge profit or wealth from a personal tax return Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted September 28, 2020 Gold Member Share Posted September 28, 2020 So, congress couldn't get the returns legally but somehow the times manages to get them. Are people at the times going to be arrested for this? Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted September 28, 2020 Gold Member Share Posted September 28, 2020 2 minutes ago, XCR1250 said: Is this it MC, like the dozens of times you claimed was Trump's demise for sure this time..LOL what a fool you are. Release the Quacken. 2 Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted September 28, 2020 Share Posted September 28, 2020 2 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 28, 2020 Author Share Posted September 28, 2020 $72.9 million tax refund! And you clowns complain about someone you know who’s brother’s sisters aunt who saw a woman buying streaks with a EBT card. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted September 28, 2020 Share Posted September 28, 2020 i see hundreds of tax returns from RE investors a year for the last almost 30 years In that time there have been maybe 5% that showed a profit. The rest use the tax laws to pay as little as possible. Now I have plenty of issues with that, I don't think for example a parent should be able to pass rental properties @ death with no taxes paid when they used depreciation to limit the taxes paid during the years the property was in service. But until that is addressed it is legal to step up the basis of property just like stocks. it's legal to use depreciation to offset income, it's legal to write off all the other expenses etc. Trumps no where near as successful as he wants top ortray and the cult thinks but he is still the better choice in 20 like he was in 16 1 Quote Link to comment Share on other sites More sharing options...
Rod Posted September 28, 2020 Share Posted September 28, 2020 1 minute ago, Mainecat said: $72.9 million tax refund! And you clowns complain about someone you know who’s brother’s sisters aunt who saw a woman buying streaks with a EBT card. Refund? so getting his own money back? 1 Quote Link to comment Share on other sites More sharing options...
jtssrx Posted September 28, 2020 Share Posted September 28, 2020 (edited) The biggest part of the story is there is no connection to russia which has been the claim of the left on why he hasn’t shared them Nor do they reveal any previously unreported connections to Russia. From 2016 Edited September 28, 2020 by jtssrx Quote Link to comment Share on other sites More sharing options...
Popular Post Woodtick Posted September 28, 2020 Popular Post Share Posted September 28, 2020 10 Quote Link to comment Share on other sites More sharing options...
Rod Posted September 28, 2020 Share Posted September 28, 2020 Let’s all reflect on how MC is mad that Trump was following Obama’s tax laws 1 2 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 28, 2020 Share Posted September 28, 2020 AG seems to think he can..... 1 hour ago, Stephen Hawking said: So, congress couldn't get the returns legally but somehow the times manages to get them. Are people at the times going to be arrested for this? I don't hear any of the usual subjects asking that question. 1 hour ago, ACE said: Refund? so getting his own money back? Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted September 28, 2020 Share Posted September 28, 2020 58 minutes ago, jtssrx said: The biggest part of the story is there is no connection to russia which has been the claim of the left on why he hasn’t shared them Nor do they reveal any previously unreported connections to Russia. From 2016 oops Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted September 28, 2020 Share Posted September 28, 2020 1 hour ago, Angry ginger said: i see hundreds of tax returns from RE investors a year for the last almost 30 years In that time there have been maybe 5% that showed a profit. The rest use the tax laws to pay as little as possible. Now I have plenty of issues with that, I don't think for example a parent should be able to pass rental properties @ death with no taxes paid when they used depreciation to limit the taxes paid during the years the property was in service. But until that is addressed it is legal to step up the basis of property just like stocks. it's legal to use depreciation to offset income, it's legal to write off all the other expenses etc. Trumps no where near as successful as he wants top ortray and the cult thinks but he is still the better choice in 20 like he was in 16 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted September 28, 2020 Share Posted September 28, 2020 1 hour ago, ACE said: Imagine you think you can judge profit or wealth from a personal tax return I know i make Jack shit every yr on my personal returns . He'll i dont even own a personal truck or any property other than my primary residence Quote Link to comment Share on other sites More sharing options...
Anler Posted September 28, 2020 Share Posted September 28, 2020 Well all saw trump's tax returns and they looked fine to me... Quote Link to comment Share on other sites More sharing options...
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