Trump paid no income taxes in 10 of last 15 years - New York Times

[Scott]

Numerous off-topic posts and replies removed.  The topic is about Trump's taxes.

 

[placeholder]

2 minutes ago, Yellowtail said:

How do you know the facts don't support him?

 

What is the value of the property that he owes the $400M on? 

A lot less than Trump claims

For example

https://www.nytimes.com/2020/08/26/nyregion/trump-letitia-james-investigation.html

https://golf.com/news/report-donald-trumps-golf-empire-is-drastically-overvalued/

[T Lee]

On 9/27/2020 at 4:42 PM, ukrules said:

Rubbish, Tripe, Idiocy

 

[Opl]

11 minutes ago, placeholder said:

A lot less than Trump claims

For example

https://www.nytimes.com/2020/08/26/nyregion/trump-letitia-james-investigation.html

https://golf.com/news/report-donald-trumps-golf-empire-is-drastically-overvalued/

+October 31, 2019 

https://www.forbes.com/sites/danalexander/2019/10/02/donald-trump-has-sold-more-than-100-million-of-real-estate-since-taking-office/#4a9fcb4a1090

[riclag]

25 minutes ago, Opl said:

+October 31, 2019 

https://www.forbes.com/sites/danalexander/2019/10/02/donald-trump-has-sold-more-than-100-million-of-real-estate-since-taking-office/#4a9fcb4a1090

 Wow ! Forbes actually reported that Mr. Trump worth is  indeed in the billions ! Thanks forbes! According to your source

Edited October 19, 2020 by riclag

[T Lee]

56 minutes ago, Jingthing said:

His finances are much much more transparent than 45s but if you find something criminal on him, go for it! 

Believe me, he will lose the election, and there will certainly be  extraordinary repercussions for much of the malfeasance and outright criminality that will be exposed.  Lots of it is an open book at this point, but just like in Germany about 90 years ago, a loudmouth, crude, unintelligent but good rabble rouser can accomplish surprisingly large consequences despite what good people would think possible. 

 

That an international mob boss - which is exactly what Trump is, although he's totally compromised by bigger fish -can get away with it in plain sight in the USA....because the rot runs deep in the USA in general, and his puppet masters in the Kremlin pull all the strings......

 

It is not governance, it is a near total ransacking of everything good and sacred about America's experiment in democracy.

 

Even Putin may not be able to amass enough brain-attackers this time, like last time, Trump is doomed to fail.  When he does, he will face criminal charges for many evil things....and he will be humbled and jailed and shown to the world as the criminal clown who swindled democracy.

 

 

[riclag]

11 minutes ago, T Lee said:

Believe me, he will lose the election, and there will certainly be  extraordinary repercussions for much of the malfeasance and outright criminality that will be exposed.  Lots of it is an open book at this point, but just like in Germany about 90 years ago, a loudmouth, crude, unintelligent but good rabble rouser can accomplish surprisingly large consequences despite what good people would think possible. 

 

That an international mob boss - which is exactly what Trump is, although he's totally compromised by bigger fish -can get away with it in plain sight in the USA....because the rot runs deep in the USA in general, and his puppet masters in the Kremlin pull all the strings......

 

It is not governance, it is a near total ransacking of everything good and sacred about America's experiment in democracy.

 

Even Putin may not be able to amass enough brain-attackers this time, like last time, Trump is doomed to fail.  When he does, he will face criminal charges for many evil things....and he will be humbled and jailed and shown to the world as the criminal clown who swindled democracy.

 

 

I don't believe you imop

Edited October 19, 2020 by riclag

[placeholder]

1 hour ago, riclag said:

 Wow ! Forbes actually reported that Mr. Trump worth is  indeed in the billions ! Thanks forbes! According to your source

Given what the NY Times has revealed about Trump's debt, and the fact that this valuation was done before the Covid virus hit, it's clear that Trump is worth a lot less. And if you read the article, now it's a lot clearer why his sons were selling off properties and not investing in new ones.

[candide]

1 hour ago, riclag said:

 Wow ! Forbes actually reported that Mr. Trump worth is  indeed in the billions ! Thanks forbes! According to your source

The issue is  not so much the relative importance of his debts. It's who owns his debts.

Edited October 19, 2020 by candide

[mtls2005]

Evidently trump paid more in taxes in China, than in the U.S.

 

New York Times: Tax records show Trump maintains Chinese bank account

 

President Donald Trump's tax records show he has pursued expansive business projects in China for years and even maintains a Chinese bank account, The New York Times reported Tuesday, disclosures that deal a blow to the President's efforts to paint Democratic nominee Joe Biden as the presidential candidate who is soft on China.

 

An analysis of Trump's tax records by the Times shows that the President holds a previously unreported bank account in China that was not included on his public financial disclosures because it is held under a corporate name. Trump also maintains bank accounts in Britain and Ireland.

The Chinese account, the newspaper said, is controlled by Trump International Hotels Management and it paid $188,561 in taxes in the country from 2013 to 2015.

 

https://edition.cnn.com/2020/10/20/politics/trump-china-taxes-financial-records/index.html

 

 

[bendejo]

But wait, there's more!

 

Quote

In 2017, the company reported an unusually large spike in revenue — some $17.5 million, more than the previous five years’ combined. It was accompanied by a $15.1 million withdrawal by Mr. Trump from the company’s capital account.

 

https://www.nytimes.com/2020/10/20/us/trump-taxes-china.html

 

Remember back when they used to tell us there are emolument laws?

 

 

Edited October 21, 2020 by bendejo

[mtls2005]

Regarding trump's RE portfolio and it's representation of his "net worth" please be aware that he has loans on most/all of these properties.

 

In some cases he borrowed money from himself, in others, it is hard to determine who laoned him money.

 

 

Donald Trump Has At Least $1 Billion In Debt, More Than Twice The Amount He Suggested

 

No aspect of Donald Trump’s business has been the subject of more speculation than his debt load. Lots of people believe the president owes $400 million, especially after Trump seemed to agree with that figure on national television Thursday night. In reality, however, he owes more than $1 billion. 

 

https://www.forbes.com/sites/danalexander/2020/10/16/donald-trump-has-at-least-1-billion-in-debt-more-than-twice-the-amount-he-suggested/#dfddab843306

 

 

An older (2017) real estate "transaction" is getting more scrutiny now. China, China, China.

Chinese business consultant buys $16 million Trump penthouse

 

President Donald Trump’s real estate company has closed on one of its first big deals since his inauguration — selling a Manhattan penthouse to the owner of a Chinese business consultancy for nearly $16 million.

 

Chen bills her boutique business as a “relationship consultancy” that helps U.S. companies build connections with highly influential private and public people in China with the goal to expand U.S. business into mainland China.

 

https://www.marketwatch.com/story/chinese-business-consultant-buys-16-million-trump-penthouse-2017-02-28