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re: Breaking: CNN reporting that 10 years of Trump’s tax returns have been given to the NYT.
Posted on 5/7/19 at 6:16 pm to Scoop
Posted on 5/7/19 at 6:16 pm to Scoop
quote:
Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.
The data — printouts from Mr. Trump’s official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and most detailed look to date at the president’s taxes, information he has kept from public view. Though the information does not cover the tax years at the center of an escalating battle between the Trump administration and Congress, it traces the most tumultuous chapter in a long business career — an era of fevered acquisition and spectacular collapse.
The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.
In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.
Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years. It is not known whether the I.R.S. later required changes after audits.
LINK
Posted on 5/7/19 at 6:18 pm to Decatur
We live in interesting times, my friends.
The swamp is playing their best cards.
The swamp is playing their best cards.
Posted on 5/7/19 at 6:19 pm to Decatur
All that and the economy is still humming? Hot damn!
Posted on 5/7/19 at 6:19 pm to Decatur
‘Brilliant businessman’ my arse.
Celebutard-in-Chief is all he is, nothing more.
Celebutard-in-Chief is all he is, nothing more.
Posted on 5/7/19 at 6:24 pm to Decatur
quote:
1985-1994
Nope. No desperation here.
So was he just faking being a billionaire? According to CNN's article he never actually profited money, he just lost it. Something about that seems a little - I don't know - biased and incorrect?
Posted on 5/7/19 at 6:34 pm to Decatur
quote:
Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years.
Ladies and Gentlemen, if you've ever operated a business you will immediately understand that this sentence means he has a record of 8 wins and 2 losses. I'm sure those losses were minuscule
Posted on 5/7/19 at 6:34 pm to Decatur
This is precisely why he shouldn’t give his returns. Morons, like the author you posted...and you...don’t understand them.
Posted on 5/7/19 at 6:39 pm to Decatur
Oh geez. He'll never be President now!
Posted on 5/7/19 at 7:25 pm to Decatur
God the nyt is such a trash newspaper
Posted on 5/7/19 at 8:30 pm to Decatur
So the left will once again(this story line is old folks) tell us for the first time again that trump is a poor business man.
I hope the left will also crow about the gobs of obscene money made just days after leaving the White House by WJC and BHO. They can show Americans how millions can be made quickly and with almost no effort.
Who doesn't want to hear about that D!
I hope the left will also crow about the gobs of obscene money made just days after leaving the White House by WJC and BHO. They can show Americans how millions can be made quickly and with almost no effort.
Who doesn't want to hear about that D!
Posted on 5/7/19 at 9:26 pm to Decatur
quote:,,,,and? None of this is impeachable or relevant.
In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years. Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years. It is not known whether the I.R.S. later required changes after audits.
Posted on 5/8/19 at 10:42 am to Decatur
(no message)
This post was edited on 5/11/19 at 11:47 am
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