White House to Democrats seeking Trump tax returns - 'Never'

[xylophone]

9 minutes ago, thaibeachlovers said:

Trump is many things, but stupid ain't one of them.

Definition: Stupidity is a lack of intelligence, understanding, reason, wit, or common sense......

 

All of which fit the orange clown perfectly and he frequently proves it with his ramblings and nonsense (covfefe, anyone) and his financial dealing don't show a lot of intelligence, which is probably why he doesn't want them exposed, but some info here........

 

Five takeaways from 10 years of Trump tax figures.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12228966

 

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.

 

In multiple years, he appears to have lost more money than nearly any other individual taxpayer.

 

In short, a liar, a cheat and a conman........just to name but a few of his '"skills'"!!!!!

 

 

[thaibeachlovers]

1 minute ago, xylophone said:

Definition: Stupidity is a lack of intelligence, understanding, reason, wit, or common sense......

 

All of which fit the orange clown perfectly and he frequently proves it with his ramblings and nonsense (covfefe, anyone) and his financial dealing don't show a lot of intelligence, which is probably why he doesn't want them exposed, but some info here........

 

Five takeaways from 10 years of Trump tax figures.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12228966

 

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.

 

In multiple years, he appears to have lost more money than nearly any other individual taxpayer.

 

In short, a liar, a cheat and a conman........just to name but a few of his '"skills'"!!!!!

 

 

 

To repeat, Trump may be "many things", but he isn't stupid.

I'm sure he knows exactly what the reaction to his ramblings and nonsense will be. 

He probably has a good laugh about them every evening.

[candide]

7 minutes ago, xylophone said:

Definition: Stupidity is a lack of intelligence, understanding, reason, wit, or common sense......

 

All of which fit the orange clown perfectly and he frequently proves it with his ramblings and nonsense (covfefe, anyone) and his financial dealing don't show a lot of intelligence, which is probably why he doesn't want them exposed, but some info here........

 

Five takeaways from 10 years of Trump tax figures.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12228966

 

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.

 

In multiple years, he appears to have lost more money than nearly any other individual taxpayer.

 

In short, a liar, a cheat and a conman........just to name but a few of his '"skills'"!!!!!

 

 

No wonder he does not want to show his tax returns. Lol.

[lannarebirth]

11 minutes ago, xylophone said:

Definition: Stupidity is a lack of intelligence, understanding, reason, wit, or common sense......

 

All of which fit the orange clown perfectly and he frequently proves it with his ramblings and nonsense (covfefe, anyone) and his financial dealing don't show a lot of intelligence, which is probably why he doesn't want them exposed, but some info here........

 

Five takeaways from 10 years of Trump tax figures.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12228966

 

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.

 

In multiple years, he appears to have lost more money than nearly any other individual taxpayer.

 

In short, a liar, a cheat and a conman........just to name but a few of his '"skills'"!!!!!

 

 

 

I think people who don't understand how taxes work could easily come away with the wrong idea. You can post losses year after year and still make money.  The key is to have a large loss to carry forward. Back in the day you used to be able to buy losses from other companies to lower tax liability. Nobody knows nothing until you tear mutiple years of returns apart.

Edited May 8, 2019 by lannarebirth

[zydeco]

9 minutes ago, xylophone said:

In short, a liar, a cheat and a conman........just to name but a few of his '"skills'"!!!!!

Dogs bark. Birds fly. Fish swim. Trump lies. 

[lannarebirth]

2 minutes ago, zydeco said:

Dogs bark. Birds fly. Fish swim. Trump lies. 

Snakes bite. But of course you knew it was a snake when you voted for it. 

[zydeco]

5 minutes ago, lannarebirth said:

Snakes bite. But of course you knew it was a snake when you voted for it. 

Trump isn't a snake. Snakes have a mind of their own.

[Opl]

[Kasane]

• Spare us so much winning!!
• U.S. President Donald Trump’s businesses lost a total of more than $1 billion from 1985 to 1994, according to the New York Times, which said it obtained printouts from Trump’s official Internal Revenue Service tax transcripts.
• The newspaper said Trump posted losses in excess of $250 million in both 1990 and 1991, which appeared to be more than double any other individual U.S. taxpayer, based on IRS data.
• Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years, the Times said.

[Kasane]

Democrats may be baying at the moon on this one. This is not going to make any difference to those who vote for him. 

[xylophone]

29 minutes ago, lannarebirth said:

 

I think people who don't understand how taxes work could easily come away with the wrong idea. You can post losses year after year and still make money.  The key is to have a large loss to carry forward. Back in the day you used to be able to buy losses from other companies to lower tax liability. Nobody knows nothing until you tear mutiple years of returns apart.

The article is more than just about tax losses, and it highlights how poor his decision-making and purchases have been, not to mention of course that he has lied continuously about his financial situation, but then that's to be expected, because the man can't lie straight in bed! 

 

A total con artist

[lannarebirth]

15 minutes ago, xylophone said:

The article is more than just about tax losses, and it highlights how poor his decision-making and purchases have been, not to mention of course that he has lied continuously about his financial situation, but then that's to be expected, because the man can't lie straight in bed! 

 

A total con artist

 

Yes, he's a liar. That doesn't mean losing money isn't a way to make money. That was a thing back in the 80's. Especially with "investment tax credits". Horse racing syndicates were a big thing. Of course the horse always died in the end and the insurance always paid off.

[mtls2005]

What's the big deal? He's said he'll release his returns once the audit(s) is finished.

 

Certainly, he wouldn't lie to us.

 

Now if he could just tell us which year(s) are under audit?

[Jingthing]

2 hours ago, Kasane said:

Democrats may be baying at the moon on this one. This is not going to make any difference to those who vote for him. 

So what? He's got a hard core 35 - 40 percent. Not enough to win again. 

[xylophone]

3 hours ago, lannarebirth said:

 

Yes, he's a liar. That doesn't mean losing money isn't a way to make money. That was a thing back in the 80's. Especially with "investment tax credits". Horse racing syndicates were a big thing. Of course the horse always died in the end and the insurance always paid off.

LOL.  Yes there were many schemes for being able to dodge paying taxes, many of them borderline, and many of them not available now, but if you read the article through from the link, you would see that this is not what the statistics/figures are showing.

 

Rather than being "pie in the sky" schemes to carry forward losses so as not to pay tax, the losses in his case were actual bone fide and not manufactured.

 

I suspect there is more to come from his financial dealings, including lying to banks and financial institutions in order to gain loans, which could be construed as fraud or a number of other legal definitions.

 

Time will tell.
 

[wayned]

6 hours ago, xylophone said:

the losses in his case were actual bone fide and not manufactured.

If you understand accounting you would see that most of the losses that he claimed were not losses of his money.  They were losses of borrowed money that he had not repaid, losses from many businesses that he was involved in which went under because he did not pay the money owed. He caused many small businesses to go into bankruptcy and ruined many peoples lives. Whether or not the claims were legal would be up to a forensic accounting team.  He doesn't want his current taxes released most likely because he is doing the same thing.

[JHolmesJr]

Trump is doing a great job running the country so what can the opposition 

do except play spoiler. He already addressed his tax deductions openly in debate 

with Crooked H. 

 

Jerry "Jabba" Nadler can keep flaming his fat arms around...he won't get nothing.

[utalkin2me]

On 4/8/2019 at 8:03 AM, Redline said:

It’s an investigation, so they can ask for anyone’s returns.  What is Donny boy afraid of?  He said he would release them anyway.  Cohen said he’s been ripping off the taxpayers for decades, and his father as well.  The southern district will be asking for them as well, as he is from NY, and his businesses are in NY.  They want his business records too???? 

 

So if it is an investigation, and a party is not cooperating, thus the investigation is impeded, why can't they just get the records from the irs?

[Redline]

On 5/9/2019 at 12:44 AM, utalkin2me said:

So if it is an investigation, and a party is not cooperating, thus the investigation is impeded, why can't they just get the records from the irs?

Trump told them not to give them any information, thus a law suit will e filed 

[bristolboy]

On 5/9/2019 at 12:36 AM, JHolmesJr said:

Trump is doing a great job running the country so what can the opposition 

do except play spoiler. He already addressed his tax deductions openly in debate 

with Crooked H. 

 

Jerry "Jabba" Nadler can keep flaming his fat arms around...he won't get nothing.

He may have addressed the tax deduction issue openly but he didn't do it honestly. What he claimed were tax dodges actually were massive genuine lossed caused by his repeated overpaying for assets.

But thanks for the important observations about Jerry Nadler's physique. You've got nothing.

Edited May 11, 2019 by bristolboy

[heybruce]

1 hour ago, bristolboy said:

He may have addressed the tax deduction issue openly but he didn't do it honestly. What he claimed were tax dodges actually were massive genuine lossed caused by his repeated overpaying for assets.

But thanks for the important observations about Jerry Nadler's physique. You've got nothing.

Didn't he also say he couldn't release his returns because he was under audit?  He seems to have dropped that weak pretense of an excuse.

[bristolboy]

15 minutes ago, heybruce said:

Didn't he also say he couldn't release his returns because he was under audit?  He seems to have dropped that weak pretense of an excuse.

It wasn't merely weak, it was false. There is nothing stopping a taxpayer from releasing his returns if they are under audit. And apparently, there is nothing stopping Trump supporters from believing such nonsense.

[Chomper Higgot]

Trump’s boast regarding the sport he played gaming the IRS with his tax submissions may be read as a confession of guilt, opening the door for examination of his tax returns on the basis of evidence of a confessed crime.

[thaibeachlovers]

On ‎5‎/‎8‎/‎2019 at 8:27 PM, Jingthing said:

So what? He's got a hard core 35 - 40 percent. Not enough to win again. 

It all comes down to whom his opponent is. If they pick another loser candidate he wins. If they hadn't stabbed Bernie in the back, he'd be president right now.

Like the poster said, this won't make any difference far as the vote is concerned. I thought the "grab them" tape would have seen Trump gone, but if that didn't make a difference, tax returns ain't gonna even register on the flickometer. ( Flickometer- measuring the flicker of interest generated by something that disappears into nothingness within a few days, as this will, IMO )

[usviphotography]

On 5/8/2019 at 1:44 PM, utalkin2me said:

So if it is an investigation, and a party is not cooperating, thus the investigation is impeded, why can't they just get the records from the irs?

Because in the United States, you can't just root around in people's personal finance records on a whim. You need a warrant, which requires probable cause that a crime has been committed. Since they don't have that, the IRS will quite properly deny their requests. 

[bristolboy]

6 minutes ago, usviphotography said:

Because in the United States, you can't just root around in people's personal finance records on a whim. You need a warrant, which requires probable cause that a crime has been committed. Since they don't have that, the IRS will quite properly deny their requests. 

Nonsense. There's been a law in place since 1924 that allows the chairperson of the tax committee in the house and the corresponding committee in the Senate, to request the tax returns of any person filing such returns. Any person. The law was specifically passed in response to scandals in the Harding Administration. Before that, only the President was allowed to make such requests. 

[usviphotography]

3 minutes ago, bristolboy said:

Nonsense. There's been a law in place since 1924 that allows the chairperson of the tax committee in the house and the corresponding committee in the Senate, to request the tax returns of any person filing such returns. Any person. The law was specifically passed in response to scandals in the Harding Administration. Before that, only the President was allowed to make such requests. 

An obscure, rarely used law that raises serious Constitutional issue and which has never been tested in any Federal Court. Trump is testing it, and like almost legal issues that have arisen during his Presidency, will ultimately prevail. 

[atyclb]

my poor democratic party would be better served by simply having a better than trump, solid policy, solid ideas, solid platform to run on as the way to win the next presidential election. their current platform seems to be "discrediting trump"

[Jingthing]

56 minutes ago, atyclb said:

my poor democratic party would be better served by simply having a better than trump, solid policy, solid ideas, solid platform to run on as the way to win the next presidential election. their current platform seems to be "discrediting trump"

That's ridiculous. There are over 20 candidates running and it's a very long time before the democratic convention before the PLATFORM is established. Each candidate has their own policy positions at this point, some much more fleshed out than others. Anyone that's paying attention would already know the broad picture, such as that the democratic party is for health care access for all and the republican party isn't. Another ridiculous aspect of your point is it's failure to understand that when there is an incumbent president, ANY incumbent, the absolutely most important issue is ALWAYS a referendum on the incumbent.

Edited May 11, 2019 by Jingthing

[Chomper Higgot]

54 minutes ago, atyclb said:

my poor democratic party would be better served by simply having a better than trump, solid policy, solid ideas, solid platform to run on as the way to win the next presidential election. their current platform seems to be "discrediting trump"

You are clearly not giving any attention to policy statements being made by Democrats or indeed by those who are contesting the Democratic candidacy for President.