New York Times Obtains 10 Years of Trump's Tax Returns

[ExodusNirvana]

It's difficult to decipher what you're even trying to say. Are you suggesting that rich people keep their money in giant McScrooge Duck-style banks accounts with billions of dollars saved in basic cash and that Trump didn't lose a billy of that? Well then.

Because if you're suggesting that his businesses didn't actually lose a billion in expenses over revenue, you'd almost certainly be wrong. His businesses were performing like dog shyt at that time. You don't give up as many assets as Trump gave up if they are performing at all. His books where he claimed to be making anything were far more likely to be cooked than his books where the losses showed.

Trump was struggling so bad by the early 1990s that Forbes dropped him off their list of wealthiest Americans completely. Every American bank blacklisted him, and he was forced to borrow money from his own siblings' trusts just to stay afloat. Do you think that is made up?

Don Jr. told us where they were getting their money from...

 

[Rawtid]

HOW THE fukk DO YOU LOSE BILLIONS OF DOLLARS AVOIDING PAYING TAXES AND NOT GO TO JAIL AT ALL?!?!? shyt makes absolutely no sense its like these white people don't even live in reality!!!???

You pay to keep them off your ass. Instead of the IRS you pay your legal team.

 

[ORDER_66]

You pay to keep them off your ass. Instead of the IRS you pay your legal team.

Even STILL that's bullshyt when he lost a billion dollars and huge sums of money yearly... You still gotta pay taxes after that... It's like the IRS let him off the hook knowing full and well this cac never paid taxes in his life!!! It's like the fukking twilight zone man...

Why as a guy like me making 40K a year gotta pay huge amounts of taxes and this cac supposed billionaire PAYS $0!!!??? America fukking themselves in the ass with this shyt!!!

 

[ExodusNirvana]

Even STILL that's bullshyt when he lost a billion dollars and huge sums of money yearly... You still gotta pay taxes after that... It's like the IRS let him off the hook knowing full and well this cac never paid taxes in his life!!! It's like the fukking twilight zone man...

Why as a guy like me making 40K a year gotta pay huge amounts of taxes and this cac supposed billionaire PAYS $0!!!??? America fukking themselves in the ass with this shyt!!!

I told ya'll White people want to be serfs....they CRAVE that shyt

 

[Domingo Halliburton]

Name a more enlightened society...
Where are these places you’re using for comparison?

Just off the top of my head remember when the Iceland's PM got caught up in the panama papers for dodging taxes? He was gone in like a week.

 

[Donald J Trump]

It's difficult to decipher what you're even trying to say. Are you suggesting that rich people keep their money in giant McScrooge Duck-style banks accounts with billions of dollars saved in basic cash and that Trump didn't lose a billy of that? Well then.

Because if you're suggesting that his businesses didn't actually lose a billion in expenses over revenue, you'd almost certainly be wrong. His businesses were performing like dog shyt at that time. You don't give up as many assets as Trump gave up if they are performing at all. His books where he claimed to be making anything were far more likely to be cooked than his books where the losses showed.

Trump was struggling so bad by the early 1990s that Forbes dropped him off their list of wealthiest Americans completely. Every American bank blacklisted him, and he was forced to borrow money from his own siblings' trusts just to stay afloat. Do you think that is made up?

Its actually not that difficult to decipher

Anyone who deals with real estate knows what Im talking about

Boy typed up a 3 paragraph sermon for a simple ass sentence

 

[Professor Emeritus]

HOW THE fukk DO YOU LOSE BILLIONS OF DOLLARS AVOIDING PAYING TAXES AND NOT GO TO JAIL AT ALL?!?!? shyt makes absolutely no sense its like these white people don't even live in reality!!!???

You pay to keep them off your ass. Instead of the IRS you pay your legal team.

Even STILL that's bullshyt when he lost a billion dollars and huge sums of money yearly... You still gotta pay taxes after that... It's like the IRS let him off the hook knowing full and well this cac never paid taxes in his life!!! It's like the fukking twilight zone man...

Why as a guy like me making 40K a year gotta pay huge amounts of taxes and this cac supposed billionaire PAYS $0!!!??? America fukking themselves in the ass with this shyt!!!

The Top 0.5% Underpay $50 Billion a Year In Taxes and Crushed the IRS Plan to Stop Them — ProPublica


"On June 30, 2016, an auto-parts magnate received the kind of news anyone would dread: The Internal Revenue Service had determined he had engaged in abusive tax maneuvers. He stood accused of masking about $5 billion in income. The IRS wanted over $1.2 billion in back taxes and penalties.

The magnate, Georg Schaeffler, was the billionaire scion of a family-owned German manufacturer and was quietly working as a corporate lawyer in Dallas. Schaeffler had extra reason to fear the IRS, it seemed. He wasn’t in the sights of just any division of the agency but the equivalent of its SEAL Team 6.

In 2009, the IRS had formed a crack team of specialists to unravel the tax dodges of the ultrawealthy. In an age of widening inequality, with a concentration of wealth not seen since the Gilded Age, the rich were evading taxes through ever more sophisticated maneuvers. The IRS commissioner aimed to stanch the country’s losses with what he proclaimed would be “a game-changing strategy.” In short order, Charles Rettig, then a high-powered tax lawyer and today President Donald Trump’s IRS commissioner, warned that the squad was conducting “the audits from hell.” If Trump were being audited, Rettig wrote during the presidential campaign, this is the elite team that would do it.

The wealth team embarked on a contentious audit of Schaeffler in 2012, eventually determining that he owed about $1.2 billion in unpaid taxes and penalties. But after seven years of grinding bureaucratic combat, the IRS abandoned its campaign. The agency informed Schaeffler’s lawyers it was willing to accept just tens of millions, according to a person familiar with the audit."

 

[ORDER_66]

The Top 0.5% Underpay $50 Billion a Year In Taxes and Crushed the IRS Plan to Stop Them — ProPublica


"On June 30, 2016, an auto-parts magnate received the kind of news anyone would dread: The Internal Revenue Service had determined he had engaged in abusive tax maneuvers. He stood accused of masking about $5 billion in income. The IRS wanted over $1.2 billion in back taxes and penalties.

The magnate, Georg Schaeffler, was the billionaire scion of a family-owned German manufacturer and was quietly working as a corporate lawyer in Dallas. Schaeffler had extra reason to fear the IRS, it seemed. He wasn’t in the sights of just any division of the agency but the equivalent of its SEAL Team 6.

In 2009, the IRS had formed a crack team of specialists to unravel the tax dodges of the ultrawealthy. In an age of widening inequality, with a concentration of wealth not seen since the Gilded Age, the rich were evading taxes through ever more sophisticated maneuvers. The IRS commissioner aimed to stanch the country’s losses with what he proclaimed would be “a game-changing strategy.” In short order, Charles Rettig, then a high-powered tax lawyer and today President Donald Trump’s IRS commissioner, warned that the squad was conducting “the audits from hell.” If Trump were being audited, Rettig wrote during the presidential campaign, this is the elite team that would do it.

The wealth team embarked on a contentious audit of Schaeffler in 2012, eventually determining that he owed about $1.2 billion in unpaid taxes and penalties. But after seven years of grinding bureaucratic combat, the IRS abandoned its campaign. The agency informed Schaeffler’s lawyers it was willing to accept just tens of millions, according to a person familiar with the audit."

This is disgusting... and yet cacs call black people committing all the crimes here in america bullshyt...

 

[5n0man]

Trump admitted that he didnt pay taxes during the debate with Hillary, and said politicians like her were the ones who allow it. She had no comeback for that statement.

This wont harm him at all.

 

[Professor Emeritus]

Its actually not that difficult to decipher

Anyone who deals with real estate knows what Im talking about

Boy typed up a 3 paragraph sermon for a simple ass sentence

I can't help that you walked into the thread ignorant and then falsely thought you knew something.

The article in the OP explicitly said that depredation can't explain the losses. He was hundreds of millions in debt that he couldn't repay, his casinos were hemorrhaging money, his airline was a total failure, he lost tens of millions on the stock market. He filed for bankruptcy over and over and had to turn over major assets to his lenders. It was quite obvious from the article that Trump was experiencing true and massive business losses over that period, these were not accounting games. Nearly everything he did was going poorly.

But you probably just read Trump's tweet and immediately believed his version of the story.

 

[88m3]

Dead serious but I thought this was all common knowledge? Was it not public knowledge that he took massive losses in the early 90s that helped his tax bill for years?

Missing the point and downplaying what has occurred...


Don's sister resigned because of the NYT article on Fred's estate and their handling of it.

 

[NY's #1 Draft Pick]

Its actually not that difficult to decipher

Anyone who deals with real estate knows what Im talking about

Boy typed up a 3 paragraph sermon for a simple ass sentence

Foh troll

 

[Donald J Trump]

I can't help that you walked into the thread ignorant and then falsely thought you knew something.

The article in the OP explicitly said that depredation can't explain the losses. He was hundreds of millions in debt that he couldn't repay, his casinos were hemorrhaging money, his airline was a total failure, he lost tens of millions on the stock market. He filed for bankruptcy over and over and had to turn over major assets to his lenders. It was quite obvious from the article that Trump was experiencing true and massive business losses over that period, these were not accounting games. Nearly everything he did was going poorly.

But you probably just read Trump's tweet and immediately believed his version of the story.

Or maybe I made my own statement that stood in its own.

You reading too deep into my simple statement you simple simon

Like I said, those of us actually involved in real estate or business in general know you can do a lot of magic with taxes if you know what you are doing.

 

[Donald J Trump]

Foh troll

Im not trolling.
Example: if you really know what you are doing you can go decades on not even having the government know you have rent income coming in on certain properties.

 

[Professor Emeritus]

Or maybe I made my own statement that stood in its own.

You reading too deep into my simple statement you simple simon

Like I said, those of us actually involved in real estate or business in general know you can do a lot of magic with taxes if you know what you are doing.

You made a declarative statement about what had happened in Trump's actual historical reality, not even having bothered to read the article or have any background on the events, just going based on your own personal experience and assuming that your experience of what "can" happen automatically explains what "did" happen in this specific case and anyone who argues otherwise is an idiot.

At least i'm getting where you get your rep, troll.