No really guys, the guy on record committing likely tax fraud in the 80’s and 90’s just decided to stop doing it.
I think that is highly, highly unlikely. The most likely answer is the IRS has never looked for criminal activity in his returns at all, in line with the fact that the IRS has effectively stopped criminal tax enforcement for rich people.I'd imagine that the IRS auditors have been looking for criminal activity in Trump's tax records for decades. They haven't found anything that put in him prison yet.
This is the thing, your 'net worth" has to include upcoming loan obligations, Trump paid a fortune for Doral then when he started crapping on Latino's the one's with $$ stopped going to Doral when it used to be a large revenue source. Now it's hemorrhaging cash and we all know Trumps involvement with Deutsche Bank, (because he's burned so many US banks/businesses few will go near him). If he wins he might be the 1st POTUS to go through foreclosure while still sitting,His net worth is still 2.5B.
No matter how much you want to tell yourself that you're smarter and hes dumb.... He still has more than you. Let that sink in. You're not special.... Other than being a snowflake.
His net worth is still 2.5B.
No matter how much you want to tell yourself that you're smarter and hes dumb.... He still has more than you. Let that sink in. You're not special.... Other than being a snowflake.
His supporters knew he was a liar, a cheat, a thief & a con man the first time they voted for him. They admired him for getting away with it. They know he declared bankruptcy more times than they can remember & got richer every time. Milking the govt while President? The spoils of a hostile takeover.
I would love to know why a billionaire is having to personally guarantee hundreds of millions in loans.
So the moral of this story is that Trump pays more to porn stars than tax collectors....right?
Where are you getting figures for his net worth from?
Look at Nobody, the Mammon worshiper, screaming and gnashing his teeth at a mirror.His net worth is still 2.5B.
No matter how much you want to tell yourself that you're smarter and hes dumb.... He still has more than you. Let that sink in. You're not special.... Other than being a snowflake.
Not paying taxes isn't the only issue here. This is further evidence of Trump's utter incompetence in business. Almost everything he touches, fails. He was lucky enough to get over $400 million from his father. He pissed it away on failed casinos. Then he got another $450 million from his reality TV show, which he has been pissing away on failed golf courses.
It's incredible that Trump sold himself as "the money man" to these people and that they actually believe him.
I'd imagine that the IRS auditors have been looking for criminal activity in Trump's tax records for decades. They haven't found anything that put in him prison yet.
This is the thing, your 'net worth" has to include upcoming loan obligations, Trump paid a fortune for Doral then when he started crapping on Latino's the one's with $$ stopped going to Doral when it used to be a large revenue source. Now it's hemorrhaging cash and we all know Trumps involvement with Deutsche Bank, (because he's burned so many US banks/businesses few will go near him). If he wins he might be the 1st POTUS to go through foreclosure while still sitting,
"The paper reported: “In the 1990s, Mr Trump nearly ruined himself by personally guaranteeing hundreds of millions of dollars in loans, and he has since said that he regretted doing so. But he has taken the same step again, his tax records show. He appears to be responsible for loans totaling $421m, most of which is coming due within four years.”
In a blunt summary of the problem, the Times speculated: “Should he win re-election, his lenders could be placed in the unprecedented position of weighing whether to foreclose on a sitting president.”
He's either a terrible businessman, or a tax dodger. He can't have it both ways.
He claimed he was worth $10bil. I highly doubt its in his mattress. Even at the ridiculously low capital gains rate of 15% he'd be paying quite a bit.Do you understand that any random person could be sitting on a billion dollars and not pay a cent in taxes? You aren't taxed on how much you have, your taxed on how much you made.
I won't comment on the story posted because I don't have any information other than a tweet.
I think that is highly, highly unlikely. The most likely answer is the IRS has never looked for criminal activity in his returns at all, in line with the fact that the IRS has effectively stopped criminal tax enforcement for rich people.
Also, wouldn’t the fact that he got away with blatant tax fraud in the past indicate that the IRS isn’t catching it?
GOP's been stripping the IRS budget cause they supposedly go after conservative political groups. At least, that's their cover story for the masses. Oh look at that over there (Billionaires chuckle to themselves).exactly. going after super wealthy individuals or corporations means having a team available to sift through mountains of paperwork, and there are only so many people available and hours within a day. IRS simply has to make choices about what it thinks is the best use of its resources, like any other large organization.
He paid the amount of taxes that he was legally liable to pay. Anything more is childish and moronic.
Also the concept of thinking that he is the one filing his evil returns is laughable lol.
Christ folks, just google Trump Net Worth. You're not more intelligent than whatever article first pops up. You don't know more about his business ventures or his personal investments.
Plenty of people here are entirely moronically stupid and don't even understand the concept that filing for bankruptcy as a business has absolutely jack-shit to do with a person's net worth.
He paid the amount of taxes that he was legally liable to pay. Anything more is childish and moronic.
Also the concept of thinking that he is the one filing his evil returns is laughable lol.
I just can’t believe the guy had $70,000 paid out and claimed as a deduction for a hair stylist...