re: Breaking: CNN reporting that 10 years of Trump’s tax returns have been given to the NYT.

You fret over the dumbest shite.

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I take issue with you accusing me lying 

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You are scaring him. Be nice.

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But it’s odd that someone with hundreds of millions would feel such need to be seen as a billionaire

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Do you actually think hes not a billionaire

You have really made a fool of yourself in this thread

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If there is a loophole you know Trump exploited it.

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As he should have. Who the frick wouldn't? If it was legal, then blame the lawmakers, not the person who followed the law.

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Are you stupid? Taxes are some of highest, if not the highest, expenses we face. WTF?

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I actually meant to put that it IS part of that, which is why I said every company in the world does it. I’ll fix that.

But I disagree that taxes are the highest expense, but they are probably the worst expense.

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The ultimate goal to make money and show as little profit as the law allows.

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Exactly. But the goal is to have made so much money, that naturally you’ll have the highest taxable income possible, despite minimizing the taxable income as much as possible.

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I can show a company that lost money on the tax return yet provided me with substantial passive income.

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Sure. But those still likely came from some expense that happened at some point in time, and you’re not typically going to see over a 10 year period, the losses consistently about to upwards of 3% of the value of the business’s primary assets, year in and year out, especially a business that is largely a function of those assets.

In other words, if a person with a $325,000 rental shows $120,000 in losses in a 10 year period, even after including $20,000 in unrelated income, and not including the upfront costs and principal payments on a loan, then there are some serious problems with that property.

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I listed some examples in my previous post.

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And the examples you listed were still either some shifting when and how you pay the direct costs (cost segregation) or result a future and/or indirect cost (easement lowering the value of a property), which probably wouldn’t make a lot of sense for Trump’s properties whatsoever.

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Yes and no. His returns will be an amalgamation of all his businesses and any losses listed on his personal return will not give full insight into what is going on with the businesses.

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No it doesn’t, but there was already considerable information regarding what was happening at the time available over the course of almost 30 years.

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Some of his companies faced hard times, some required bankruptcy. That is not unusual.

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It may not be unusual for Joe Schmo who doesn’t know how to run a business, but it’s highly unusual for truly successful business people. In other words, Trump’s companies didn’t just fall on hard times because of things mostly outside of his control. Sure there was some economic conditions that didn’t help, but was making massively poor decisions, between delving into expensive new businesses altogether (Trump Airlines), taking on way too much debt (liabilities were not estimated near upwards 90% of the asset values in 1990) with high interest, spending frivolously (creditors tried to put him a spending plan like an allowance), and maybe worst of all, decided to build a massive and debt-riddles casino property that would directly compete with his other properties.

And this didn’t just end there. He later had 3 more bankruptcies, over the course of the next 20 years, running a public company that would go on to lose over a billion dollars over the course of the next 15 years and lose 99.5% of its stock value (from $35.00 to $0.17). Plus there were additional loan defaults and penalties as well.

He even tried to start a mortgage company, a year or two before the crash, and put someone who had know experience in charge of it. He was probably lucky that the crash happened before it could really get going because that would have been a disaster. But that’s not the kind of luck a real estate and business expert should need.

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You look at it as failure, like the game ended in '91 or something. Smart people look at is as bump in the road that he learned from.

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I mean it couldn’t have been much more disastrous so that’s not a high bar to beat. That being said, I don’t think the last 25 years have shown him to be a very good businessman at all, although he is a masterful promoter.

What a bunch of foolish gibberish in your examples.

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I don’t think the last 25 years have shown him to be a very good businessman at all

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You say this after posting his 2005 tax return where he had total income of $152,737,866. You have moved from ignorant to plain stupid.

I am sure you will say, "but his returns show losses", as if he wrote a check to cover those.

You are beyond help.

I can taste your jealousy through my phone.

This entire thread is definitive proof of the real reason the Democrats have wanted his returns all along.

Spoiler alert. It isn't for any of their stated reasons

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You say this after posting his 2005 tax return where he had total income of $152,737,866.

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And in 2004 the finalized the sale of for his $200ish million inheritance, and he had another bankruptcy after Trump Hotels & Casino Resorts lost $48 million in the first quarter alone and had $1.8 billion in debt, resulting in a significant reduction in Trump's stake in the company after restructuring.

And 2005 was in the midst of the real estate run-up before the crash, so it was a great time to be in real estate, but it was about to be a terrible time. This is why the loan he received in 2005, eventually went into default with $330 million outstanding and Deutsche Bank went after the $40 million in personal assets he had guaranteed. And there were 2 additional casino bankruptcies after that (2009 and 2014).

It may be a coincidence, but until this new article, the fact his 2005 returns and only his 2005 returns were "leaked," does seem convenient. Even this NYT's article doesn't provide the actual returns, and there was already a lot more information about his finances at that time anyways due to the casino regulations and resulting bankruptcies.

And while maybe things have gone great since the mid-90's overall. While they surely couldn't have been as bad, there were some major failures since then. Even this NYT's article notes he had some years where he made a lot of money in other areas (stocks, interest, a one-time salary).

And if you look at the 5 year period with 2005 as the median, the annual returns for the stock market was 13.8% the annual returns for the REIT market was 17.5%. And GDP even grew by an average of 3% over that time, and we haven't seen 3% for a single year since. So with an economy and markets roaring across the board between two recessions, I would expect businesses to have been roaring too, even ones that aren't particularly good or well-ran.