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

[Secure Da Bag]

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!!!???

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

...

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.

 

[Domingo Halliburton]

Don't know how business deductions and carry over losses work brehs

Returns don't always tell what real cash flow is...there are a number of add backs especially if your a real estate investor

Most real estate investors have negative returns due to heavy depreciation...it Lowers to basis when property is sold but then property improvements add back to basis to lessen cap gains on sale

Now I haven't dug deep in the guys returns and he really could have had his ups and down in business but I thought his bankruptcy battles were well known?

Youre missing the point. Most have taken accounting 101. We're aware of these things.

 

[Shogun]

i was skeptical at first that this was gonna affect anything, given that it was 30 years ago. then i saw 'billion dollar loser' trending on twitter :hovtrump:

should be worth a few laughs at least

Will drive another week of television ratings, and social media traffic.....nothing more

 

[☑︎#VoteDemocrat]

 

[☑︎#VoteDemocrat]

Dude just admitted to tax fraud

 

[Domingo Halliburton]

I'm going to assume this clown has never paid taxes in his life.

 

[Ku$h Parker]

Damn that was the period Ice Cube said Humpty Hump(D.U)was making more than Donald Trump

 

[rapbeats]

He was a bad business man is the bombshell the left is in a frenzy over?
You cant make this sh*t up.
#wattba

you sounding like a russian bot my friend.

We know why they are looking for his more current taxes. They are trying to show how he had illegal dealings. One of them being what they've already discussed for the public to see when they were grilling Cohen about how Trump would scheme to not pay taxes or pay much lower taxes..illegally.

WATCH: Ocasio-Cortez asks if Trump 'improperly' avoided paying taxes. Cohen says yes

 

[rapbeats]

Youre missing the point. Most have taken accounting 101. We're aware of these things.

even though the previous poster was missing the point. lets be clear, MOST have not taken accounting 101. Unless they are particular type of business majors or accounting majors. You dont NEED to take accounting I. and its not 101. its I, II, etc. And even then unless you take accounting II, you wont truly learn about real estate depreciation. you learn about Items depreciating such as a printer, a car, things like that. not actual real estate. the only 101 is Economics 101 which we've all had in High school. Then you can take it again with a bit more detail in college. but those people are econ majors. so again, dont assume MOST people know anything aside from counting their change at the register. MOST people dont even do their own taxes. Most people pay someone to do it when most people could and should do their own taxes by themselves since they dont have a bunch of weird business/real estate things to write off, adjust, etc. Its them, what they paid in taxes, a couple of kids and their spouse. maybe one home. thats it. why are you paying someone to do your taxes at that point?

 

[ill]

Youre missing the point. Most have taken accounting 101. We're aware of these things.

Most of the people in this thread have no idea about any of that

 

[ill]

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?

 

[Donald J Trump]

I got beachfront property for sale if anyone actually thinks Don lost a billion in cash

 

[BigMoneyGrip]

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?

They actually have real numbers to put behind it without speculating

 

[the cac mamba]

i was skeptical at first that this was gonna affect anything, given that it was 30 years ago. then i saw 'billion dollar loser' trending on twitter :hovtrump:

should be worth a few laughs at least

so come to find out that trump wrote a fukking book about how he lost a billion dollars. here it is

 

[Professor Emeritus]

I got beachfront property for sale if anyone actually thinks Don lost a billion in cash

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?