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

[Mavideol]

2 minutes ago, Andy from Kent said:

 

 

He's merely being pragmatic as well as a highly astute but failing businessman.    ????

 

 

bullying everybody and anybody may have been his strength, sooner or later all (bad) things come to an end

[puipuitom]

10 hours ago, Tounge Thaied said:

As it should be... If anyone is being honest with themselves, if they could, they wouldn't pay any taxes either. 

Partially correct"the idea of the free rider. But what is... streets, bridges etc infrastructure is no longer maintained ? Police, judges etc are no longer paid but must get it from "contributions out of the people" ?

Is this guy the right example to be president of the USA ?

[Eric Loh]

12 hours ago, webfact said:

The Times reported that Trump, who is seeking re-election in November, paid just $750 (588.47 pounds) in federal income taxes in both 2016 and 2017, and paid no income taxes in 10 of the last 15 years,

Joe Biden in 2017 & 2018 paid 3.7 m in taxes. Decency versus immorality masquerading as POTUS.

[wwest5829]

10 hours ago, 4reaL said:

 

Amazon did not pay a dime either.

 

Yes, which is why many Americans in the working middle class are incensed. Sadly, those supporters of The Donald in 2016 believed him when he said he was going to “drain the swamp”. They did not think (perhaps did not have the ability to do so), nor did they read his personal history up to that point to understand he is a charlatan. 

[Surelynot]

5 minutes ago, Mavideol said:

bullying everybody and anybody may have been his strength, sooner or later all (bad) things come to an end

Read somewhere that he has 300 million dollars of debts that need to be paid over the next four years or in four years apparently! Maybe that is when things will come to an end???

[wwest5829]

10 hours ago, OneMoreFarang said:

By now I think those rednecks deserve him. They are struggling and paying taxes so that dear leader can play golf paid by all those people who think he is a great president. They deserve him.

 

I do seem to remember a public statement by The Donald saying that he was smart for not paying taxes ... Sadly agree, the Americans deserve him ... his public statements anf documented recovered means that any Americans supporting him quite openly support his factual history ...

[ukrules]

I wonder if people realise there's a difference between personal taxes and corporate tax paid by the dozens of corporations which may or may not pay a salary in the various jurisdictions around the world?

[wwest5829]

8 hours ago, Ricohoc said:

Looks like another big yawn.  The media will bang the pots and pans as long as they can to try to make it an issue.  It'll fade like the others.

Yes, our attention is drawn to this news. But the reality is the court action already underway based on the tax fraud reported.

[wwest5829]

23 minutes ago, Mavideol said:

isn't Barr in control of the SDNY.... tossed under the rug or prosecutor dismissed

No, action is also being brought by the State of New York which will limit Barr.

[wwest5829]

29 minutes ago, Mavideol said:

isn't Barr in control of the SDNY.... tossed under the rug or prosecutor dismissed

You are correct, I should have pointed to the Attorney General of New York court action investigating Trump.

[Kelsall]

Yet another nothing burger. 

Rich person not paying taxes.  Ho hum.

[thailand49]

I didn't vote for him but if G.E. Amazon, and many more can why not Trump it is the system anyone who doesn't take advantage of the biggest Social Welfare in the country isn't waking up and smelling the coffee. Anyone who is filing a tax return is doing the same thing if there is a problem blame your ????accountant!

[Dave0206]

11 hours ago, Tippaporn said:

It will be once again humourous to see all the posters come out and uncritically treat this news as "truth."  Is this another hit piece in the vein of Trump calling vets losers and suckers or the Russians paying the Taliban a bounty to kill U.S. troops?  Seems all of these unfounded accusations experience shorter and shorter shelf lives.

 

Let's see how long the "veracity" of this hit piece lasts.

100% one sided arguement its not like donald would ever throw out wild unfounded theories? obama birth ect with this total "fake news" the donald could reveal all and prove how fake it is? oh no why should he perhaps coz he promised to?

How does it go with republicans "a promise made is?"

oh yes i remember a promise made is just a promise made

[RocketDog]

11 hours ago, Tounge Thaied said:

As it should be... If anyone is being honest with themselves, if they could, they wouldn't pay any taxes either. 

What if one is dishonest with themselves as well as others? 

Qualified to run for president? 

[Jonnapat]

The biggest laugh was the claim for $70,000 for hair make up for tv.

[RocketDog]

11 hours ago, Henryford said:

Does it matter? I presume that whatever tax he pays is legal. No different to many rich people/organisations who pay little/no tax cough Apple.

And do these hypothetical folks also claim that they do in fact pay millions in taxes? Trump does. 

 

Do these folks lose millions on every business they run? Trump does. 

Are these folks simultaneously liars and losers? Trump is. 

 

And yes, it matters. 

[RocketDog]

11 hours ago, Somtamnication said:

Hope no one is surprised!

I doubt that either his supporters or his detractors are surprised but only the former will ignore it or tout it as a virtue. 

[xylophone]

9 hours ago, 2 is 1 said:

Maybe he should let some speciaslist to do that!

No.......then they would see that he is basically bald with HUGE combovers!!! 

 

And his ego couldn't stand that!

[RocketDog]

11 hours ago, jimmybcool said:

What I find fascinating is this concern over his tax returns.  I really don't care.  If the IRS thinks they are correct and he is paying his legally obligated taxes good enough for me.  I do know the left wants to see them so they can (as usual) twist them to indicate something nefarious.  And the average human won't have a chance in hell of comprehending tax returns at that level.

 

Better still I would like to know how so many people in congress enter service poor and end up rich on congressional/senate pay.  How bout some investigation into that? 

Many Americans cheat on their taxes but one of them is running for president and his name ain't Biden. 

 

Still, I believe you don't care. It's an art form perfected by his followers. 

[spidermike007]

2 hours ago, spidermike007 said:

It is more likely that this is indicative of his extreme lack of business acumen, than tax fraud, though fraud is certainly a possibility, knowing the nature of the man. 17 of his businesses have failed in the past few  decades. Some at huge losses. Trump Steaks, Trump Shuttle Airline ($120 million in losses between 1988 and 1990), GoTrump, Trump Vodka, Trump Mortgage, Trump University, Trump Ice, The New Jersey Generals, Tour de Trump, Trump Network, Trump Magazine, Trumped!. Many businesses that licensed his name went bankrupt, or went out of business. And he had between four and six major bankruptcies (depending on the source), including the Trump Taj Mahal (which he spent $1.2 billion building, and was $3 billion in debt within a year of opening), Trump's Castle, Trump Place Hotel (which was very successful prior to Trump buying it in 1988, and he managed to put it into $550 million in debt by 1992!), Trump Hotels and Casinos Resorts ($1.8 billion in debt by 2004, bankrupt in 2009) , and Trump Entertainment Resorts. There are likely others. And this does not take into account the 3,600 lawsuits he was involved in as of the time he took office, the vast majority of which were filed by small contractors against his companies for non payment, or total default. Many of these contractors were crushed. It is part of his M.O. 

 

Nearly anything with his name on it, and his association with it, fails. And that will be even more so, after he loses the November 3rd election. His name will remain radioactive, the the rest of his life, and the mini empire will continue to dwindle. During the period from 1985 to 1989, three years of which were boom year in NY real estate, he somehow managed to lose $359 million. Between 1990 and 1991 he lost $517 million. And between 1992 and 1995 he again managed to lose $286 million. 

 

The real irony of his whole persona, is that he cannot negotiate his way out of a paper bag, much less negotiate a treaty with an adversary, which makes him very dangerous. 

 

There is a very good chance his tax returns will reveal massive bank fraud. And he could be facing prison time, once he is ingloriously ushered out of the White House in January (possible by US Marshalls, should he resist). 

I was referring to Trump Plaza, not Trump Place hotel. It was run very successfully by Westin, when he purchased it. His rather unsucessful history with this historic, landmark property. 

 

Trump installed his wife, Ivana Trump, as the hotel's president. After $50 million in renovations, the hotel was earning a healthy operating income, but not enough to make the payments on its heavy debt load. Trump made plans to pay off the hotel's debt by selling off many of its units as condominiums. As has been the case with most of his businesses, it was not a success. A deal was instead reached for the Plaza's creditors, a group of banks led by Citibank, to take a 49% stake in the hotel in exchange for forgiveness of $250 million in debt and an interest rate reduction. The agreement was submitted as a prepackaged bankruptcy in November 1992.

Edited September 28, 2020 by spidermike007

[KarenBravo]

1 hour ago, rebekkahr said:

Because that's why there is such a thing as statistics.

Link?

[Donga]

From Wikipedia:

"In 1982, Trump was listed on the initial Forbes list of wealthy individuals as having a share of his family's estimated $200 million net worth. His financial losses in the 1980s caused him to be dropped from the list between 1990 and 1995.^[55]

In its 2020 billionaires ranking, Forbes estimated Trump's net worth at $2.1 billion^[a] (1,001st in the world, 275th in the U.S.)^[58] making him one of the richest politicians in American history and the first billionaire American president.^[58]

During the three years since Trump announced his presidential run in 2015, Forbes estimated his net worth declined 31% and his ranking fell 138 spots.^[59] When he filed mandatory financial disclosure forms with the Federal Elections Commission (FEC) in July 2015, Trump claimed a net worth of about $10 billion;^[60] however, FEC figures cannot corroborate this estimate because they only show each of his largest buildings as being worth over $50 million, yielding total assets worth more than $1.4 billion and debt over $265 million.^[61]"

Edited September 28, 2020 by Donga

[RocketDog]

10 hours ago, jcsmith said:

11 hours ago, shdmn said:

He also supposedly got a $70,000 deduction for hair styling.  For something that looks like cotton candy made from pee.

Which Michael Cohen claimed on TV earlier is a lie by Trump because he said Trump does his own hair.

Wait. Are you saying there's a connection with his hair and the hooker he hired in the Russian hotel? 

Things are falling into place now. 

[sucit]

9 hours ago, Morch said:

 

Trump was complaining about other companies not paying taxes. Trump complained half the American people didn't pay taxes. Get your talking points in order, sir!

 

My talking points are perfectly in order. You can go ahead and side with a wasteful, large, inefficient government that is addicted to spending all you want. I will always side with those who do all they can to deny them their revenue.

 

Denying the government revenue is the same as denying crack to a crack head. You can fall on whatever side of that argument you would like, but clearly there is a right and a wrong side. 

[Chomper Higgot]

26 minutes ago, Jonnapat said:

The biggest laugh was the claim for $70,000 for hair make up for tv.

No the biggest laugh is paying ‘consultancy fees’ to Ivanka when she was already an employee.

 

Clear cut tax evasion

 

Either Trump or Ivanka, perhaps both, are open for prosecution.

 

How sweet is that?!

 

[OneMoreFarang]

59 minutes ago, ukrules said:

I wonder if people realise there's a difference between personal taxes and corporate tax paid by the dozens of corporations which may or may not pay a salary in the various jurisdictions around the world?

And is Trump personally rich or does he only somehow own lots of companies who pay for everything for him?

If he never paid personal taxes then he must be almost broke. Or does he only live from donations?

[RocketDog]

9 hours ago, sucit said:

I admire anyone who legally gets away with not paying their fair share of taxes.

So you don't admire people who pay their fair share of taxes? 

How very Trumpian if you. 

[olfu]

11 hours ago, OneMoreFarang said:

By now I think those rednecks deserve him. They are struggling and paying taxes so that dear leader can play golf paid by all those people who think he is a great president. They deserve him.

 

Sure he is great like all scambags on top.

[RocketDog]

9 hours ago, Ricohoc said:

Looks like another big yawn.  The media will bang the pots and pans as long as they can to try to make it an issue.  It'll fade like the others.

Agreed. If you can't refute it,  deflect it, or label it fake news then it's better to just ignore it and hope (fervently) it goes away. 

[RocketDog]

8 hours ago, 2long said:

I can't stand Trump... but The NYT and many other news agencies are doing all that they can to make him look worse than he is. Their motive? Well, we all know their selfish & political motives.

Exposing your opponent's weaknesses is just sound strategy, especially in politics. 

 

On the other hand, purposely spreading lies that you know to be lies, faking videos, and resorting to schoolyard name calling exposes your own weaknesses. 

 

Nobody has to make him look worse, but seriously, is that even possible?