Trump paid $750 in taxes in 2016 and 2017.

[HomerJS]

Trump's Taxes Show He's a National Security Threat. No doubt

Trump's Taxes Show He's a National Security Threat

 

[Fanatical Meat]

Sssssssh now.
Here. Have a tweet.

https://twitter.com/x/status/190866856624668672

It is looking more & more likely the $160(ish) taxes paid by Obama that one year could be greater than Trump has paid his entire life

 

[UNCjigga]

lol, donald trump would be far richer today if he had invested his inheritance in an index fund rather than going into business and he isn't worth '2.5 billion', his wealth is a house of cards stacked with a shit ton of debt.

There was a report I linked in another thread with a Forbes reporter who spent years analyzing Trump’s net worth. The $2.5B figure sounds about right, on paper. I think Trump’s interest in a San Francisco office tower was worth $400M alone IIRC. The issue, though, is that no one has unraveled just how much leverage others have over his assets. He could be worth $2.5B today and nothing tomorrow when the bills come due.

 

[cytg111]

Trump's Taxes Show He's a National Security Threat. No doubt

Trump's Taxes Show He's a National Security Threat

"Alexander, in a helpful tally he shared Sunday evening, estimates Trump’s total indebtedness to be about $1.1 billion. "
- WHAT THE ACTUAL FFFFFF?


Also, from the nytimes piece

"The records show that the pageant was the most profitable Miss Universe during Mr. Trump’s time as co-owner, and that it generated a personal payday of $2.3 million — made possible, at least in part, by the Agalarov family, who would later help set up the infamous 2016 meeting between Trump campaign officials seeking “dirt” on Mrs. Clinton and a Russian lawyer connected to the Kremlin. "

There was a report I linked in another thread with a Forbes reporter who spent years analyzing Trump’s net worth. The $2.5B figure sounds about right, on paper. I think Trump’s interest in a San Francisco office tower was worth $400M alone IIRC. The issue, though, is that no one has unraveled just how much leverage others have over his assets. He could be worth $2.5B today and nothing tomorrow when the bills come due.

Like 1B due 2022? And friggin Deutche Bank again.

Donald Trump's Tax Returns Raise Deutsche Bank Loan Questions

Revelations about the president's taxes have raised serious questions about decisions made at one of the world's largest banks.

www.newsweek.com

 

[trenchfoot]

Looks like the poor bastard pulled off a sloppy con job on himself or whomever is living in that vacuum chamber inside his skull. Trying to stay one step ahead of himself in order to stay one step ahead of the law must really be a fun thing for him seeing as if he's been doing it his whole adult life.

Well millions of his supporters still think he is the best Kremlin owned president that ever lived so they must be right about that, eh?

Now let's see those filings his kids turned in, or are they also being permanently audited too?

 

[Grey_Beard]

From the Times article:



Related, from 2017:

Meet the 18 profitable companies that paid no taxes over 8 years

Between an array of loopholes and laws that encourage tax-avoidance, even companies that mint profits can skip out

www.cbsnews.com

You'll find more online. For example,

How These Fortune 500 Companies (Legally) Paid $0 In Taxes Last Year

Because so many loopholes were left when corporate tax rates dropped to 21%, expect further erosion of taxes paid.

fortune.com

Did you notice how many of those 18 were energy companies. Seems that the energy sector is a taxpayer funded one. Who would have imagined?

 

[Grey_Beard]

There was a report I linked in another thread with a Forbes reporter who spent years analyzing Trump’s net worth. The $2.5B figure sounds about right, on paper. I think Trump’s interest in a San Francisco office tower was worth $400M alone IIRC. The issue, though, is that no one has unraveled just how much leverage others have over his assets. He could be worth $2.5B today and nothing tomorrow when the bills come due.

Gotta disagree a bit with you. Net worth is assets less debt. If his debt is large enough tomorrow to wipe out his “net worth” than it is zero today. Cannot be worth something if it is pledged to someone else.

Based on his current cash situation, the debt payments will be very hard to pay. It will take asset sales, but since he pledged to back them personally, they may have an option to everything and not just a piece of the portfolio. If his assets were solid, they would be the guarantor of the notes, not him personally.

 

[UNCjigga]

Gotta disagree a bit with you. Net worth is assets less debt. If his debt is large enough tomorrow to wipe out his “net worth” than it is zero today. Cannot be worth something if it is pledged to someone else.

Based on his current cash situation, the debt payments will be very hard to pay. It will take asset sales, but since he pledged to back them personally, they may have an option to everything and not just a piece of the portfolio. If his assets were solid, they would be the guarantor of the notes, not him personally.

Again, we’re talking about someone who inflates and deflates the value of his assets whenever it suits him, so who really knows what the “net” is.

 

[Leymenaide]

Nothing much here folks. I have used most of the rules on losses over the last decade and enjoyed a string of zero tax years. Capitalism rewards capitalists. Two things to worry about, 72 million refund may be dodgy and Paying a highly compensated employee consulting fees seems very dodgy. Trying to avoid gift tax?

 

[alien42]

Nothing much here folks. I have used most of the rules on losses over the last decade and enjoyed a string of zero tax years. Capitalism rewards capitalists. Two things to worry about, 72 million refund may be dodgy and Paying a highly compensated employee consulting fees seems very dodgy. Trying to avoid gift tax?

are you worth Billions, or even Millions?

anyhow, there is far more to the story, like foreign money and influence and debts coming due.

 

[Wreckem]

Yes it would, and that has absolutely zero to do with his taxable income. Gains are offset by cost of doing business, losses, and deprecation. You can have a billion dollars of revenue, a billion dollars in the bank, and still have zero income.

He has clearly committed tax fraud. He improperly claimed a massive tax refund. He improperly pays huge consulting fees to randos on every transaction. He declares ALL personal expenses are business expenses. His business owns all his residences. He’s lied about valuations in order to get loads.

He a grifter and a criminal. We always knew this now we know how bad it is.

it’s clear he only became President to fleece tax payers, avoid prosecution and use his power to coerce the banks who own all his debt that’s coming due.

 

[hal2kilo]

Trump's Taxes Show He's a National Security Threat. No doubt

Trump's Taxes Show He's a National Security Threat

If he applied for a security clearance, he would never ever get one.

 

[Jhhnn]

When the ultra rich pay no taxes, there's more to trickle down to the rest of us! True story!

 

[soulcougher73]

Won't make a lick of difference to a Trumper. They lack "sense of fair play, civil duty, honesty" as he mentions.

 

[fleshconsumed]

I hope Biden goes hard after Trump during tomorrow's debate, there are so many angles:
- He's a national security nightmare, regular people are denied security clearance over credit card debt, yet Trump is president despite being millions in debt?
- The F'er promised to close tax loopholes and to make sure wealthy pay their share, yet, he reduced taxes on the top so that people like himself can keep paying little to no taxes. The F'er put himself first instead of America.
- Trump does run government like his business, thanks to the 2017 tax cut he put US government in an even bigger hole with little to show for it.

Hopefully this will be a wake up call to any undecideds that are still out there.

 

[woolfe9998]

So Trump is part of Mitt Romney's infamous "47%"?

Romney's Wrong And Right About The '47 Percent'

Yes, about half of Americans don't pay income taxes. But experts say few of those are shirking their responsibilities — and most pay many other types of taxes. Meanwhile, the GOP nominee has mixed some figures to come up with his conclusions, fact checkers say.

www.npr.org

 

[woolfe9998]

Won't make a lick of difference to a Trumper. They lack "sense of fair play, civil duty, honesty" as he mentions.

Exactly why I pointed out that the biggest issue disclosed by the tax documents is that Trump is a failure, not that he's a tax avoider. Because this goes to the one area where Trump has a perception advantage. People think he's good at running the economy because he allegedly made lots of money for himself.

 

[HomerJS]

I hope Biden goes hard after Trump during tomorrow's debate, there are so many angles:
- He's a national security nightmare, regular people are denied security clearance over credit card debt, yet Trump is president despite being millions in debt?
- The F'er promised to close tax loopholes and to make sure wealthy pay their share, yet, he reduced taxes on the top so that people like himself can keep paying little to no taxes. The F'er put himself first instead of America.
- Trump does run government like his business, thanks to the 2017 tax cut he put US government in an even bigger hole with little to show for it.

Hopefully this will be a wake up call to any undecideds that are still out there.

I'm liking the idea to being a check for $750 and tell Trump "I cover you for 2020, just leave"

 

[nOOky]

I would consider a business that makes money and pays taxes to be a successful business. I wouldn't think a "business" that structures itself in such a way to have to borrow heavily and to use questionable and shady methods to "make" money a successful business. My wife runs a successful business, and employs people and pays a fair wage. Trump has used illegals at some of his businesses, and has been proven to pay a lot of his workers shit wages.

In that regard I think it proves to most thinking people that he is not a "successful businessman", but rather just another piece of shit at the highest level screwing people over whenever and as often as he can, often times using high powered attorney's to fuck little people over. great guy we got as president ain't it? And he's a failure.

 

[Commodus]

Nothing much here folks. I have used most of the rules on losses over the last decade and enjoyed a string of zero tax years. Capitalism rewards capitalists. Two things to worry about, 72 million refund may be dodgy and Paying a highly compensated employee consulting fees seems very dodgy. Trying to avoid gift tax?

I'd say there's "much," but it centers on two things:

1. Trump is paying far less in taxes than even many billionaires, let alone many of his supporters. Even if he isn't flouting the law, it's shameful.

2. The system itself is messed up, and Trump must be voted out to have even the slightest chance of fixing it.

 

[Jhhnn]

I would consider a business that makes money and pays taxes to be a successful business. I wouldn't think a "business" that structures itself in such a way to have to borrow heavily and to use questionable and shady methods to "make" money a successful business. My wife runs a successful business, and employs people and pays a fair wage. Trump has used illegals at some of his businesses, and has been proven to pay a lot of his workers shit wages.

In that regard I think it proves to most thinking people that he is not a "successful businessman", but rather just another piece of shit at the highest level screwing people over whenever and as often as he can, often times using high powered attorney's to fuck little people over. great guy we got as president ain't it? And he's a failure.

Successful for whom? Trump seems to be doing great by his own standards & that's all he cares about. Fleecing investors & lenders with creative bankruptcy is a way of life.

 

[Lanyap]

I hope Biden goes hard after Trump during tomorrow's debate, there are so many angles:
- He's a national security nightmare, regular people are denied security clearance over credit card debt, yet Trump is president despite being millions in debt?
- The F'er promised to close tax loopholes and to make sure wealthy pay their share, yet, he reduced taxes on the top so that people like himself can keep paying little to no taxes. The F'er put himself first instead of America.
- Trump does run government like his business, thanks to the 2017 tax cut he put US government in an even bigger hole with little to show for it.

Hopefully this will be a wake up call to any undecideds that are still out there.

Trump will back out of the debate at the last minute and say he has an urgent call to catch.

 

[sactoking]

Family of 5.
$68K in wage income + $13k in partnership income = $81.4k in total income.
$2,292 in HSA, student loan interest and self-employment tax deductions = $79.1k in AGI.
$17k in itemized deductions + $20,250 exemptions = $41.6k in taxable income.
Tax = $5,319
$3k in child tax credit and $1.2 k in child care expense credit = $4.2k in total credits
$1.8k in self employment tax + $500 first-time homebuyer credit repayment = $3,488 in total tax

I paid 4.65x as much tax in 2017 as the unindicted co-conspirator did.

Hell, in 2017 my wife's business had $229k in gross receipts and $216k in total deductions, generating an ordinary business income of $13k. That created $1.3k in net self-employment tax in 2017. A $13k business income generated almost 2x as much tax as the unindicted co-conspirator paid! I guess that means we can infer that all of his businesses combined generated less than $6.5k in total income. Great businessman there...

 

[hal2kilo]

I wonder how many people could have had a nice comfortable life on the money that Trump's flushed down the poor business decisions toilet.

Forget "The Apprentice" — Donald Trump is "The Biggest Loser"

Between Poppa Trump and Mark Burnett, Trump was gifted $840 million — but he may still owe as much as $1 billion

www.salon.com

 

[sportage]

Yeah, you'd think this tax sham would royally piss off his base, those hard working Americans that wear the red hats and attend the covid infested rallies. You'd think this would about do it for them and Donald Trump, but it won't. All that Donald need do is call it faked news and attack the source, and his base will believe that. His base will believe the media and democrats will make up anything to defeat Donald Trump, and the tax stuff as just another attempt. So.... none of this tax crap will matter in the end. The Trumpies will still vote for Trump, and the never-Trumpers won't vote for Trump. Period. And so.... what do we do next? What's the game plan now that we know Donald Trump is a tax dodger when no one cares? His base refuses to believe it and the rest of us knew this all along so for the rest of us this is nothing new. Donald will lie and deny, and moving on.....