Trump’s tax returns raise questions over his business operations, loans he gave his children and more

[Scott]

 

Six years of Donald Trump’s federal tax returns released on Friday show the former president paid very little in federal income taxes the first and last year of his presidency, claiming huge losses that helped limit his tax bill, among other revelations.

The returns, long shrouded in secrecy, were released to the public on Friday by the House Ways and Means Committee, the culmination of a battle over their disclosure that went to the Supreme Court. They confirm a report issued from the Joint Committee on Taxation that Trump claimed large losses before and throughout his presidency that he carried forward to reduce or practically eliminate his tax burden.

https://www.cnn.com/2022/12/30/politics/donald-trump-tax-returns-released/index.html

[Tug]

Msm is still working through them some of the obvious ones are trump is a lousy business man the only time he has a positive cash flow is when he sold property he inherited from dada so obviously he dident build any business empire pretty much verifying what we know allready he’s a fraud 

[thaibeachlovers]

Unless such was illegal it's meaningless in the context of "getting Trump" for something, anything to stop him standing in '24.

I assume Trump had tax accountants, like most rich people do to minimise their tax payments.

[placeholder]

2 minutes ago, thaibeachlovers said:

Unless such was illegal it's meaningless in the context of "getting Trump" for something, anything to stop him standing in '24.

I assume Trump had tax accountants, like most rich people do to minimise their tax payments.

And you think the accountants of most rich people disavow their work for a client as Trump's accountants did?

[Phoenix Rising]

Oh dear, what a surprise!

 

Trump had bank account in China while president, taxes show

[placeholder]

Here's a link to Trump denying that he paid virtually no taxes in 2016 and 2017. In it, he claims he paid millions of dollar in taxes.

 

https://twitter.com/DavidCornDC/status/1608887027269005312?cxt=HBwWgMDTgcSO9dMsAAAA&cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email

Edited December 31, 2022 by placeholder

[ozimoron]

3 hours ago, thaibeachlovers said:

Unless such was illegal it's meaningless in the context of "getting Trump" for something, anything to stop him standing in '24.

I assume Trump had tax accountants, like most rich people do to minimise their tax payments.

The same tax accounts who finally said they can't stand by their own audits? Those accountants? Mazars.

[ozimoron]

1 hour ago, Phoenix Rising said:

Oh dear, what a surprise!

 

Trump had bank account in China while president, taxes show

"What strikes me immediately is that in 2015, '16 and '17, Donald Trump had foreign accounts in the U.K., Ireland, China and also it looks like St. Thomas. And then in 2018 only U.K. and then in 2020 only U.K. and that is what I'm looking at."

 

https://www.rawstory.com/trump-taxes-2659046074/

[ThailandRyan]

4 hours ago, thaibeachlovers said:

Unless such was illegal it's meaningless in the context of "getting Trump" for something, anything to stop him standing in '24.

I assume Trump had tax accountants, like most rich people do to minimise their tax payments.

His Accountants Mazars left him holding the bag when they dropped him as a client and disavowed his taxes.

 

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.nytimes.com/2022/02/14/nyregion/mazars-trump-organization-financial-statements.html&ved=2ahUKEwi-ne7hkqP8AhWPFbcAHQibAoUQFnoECBIQAQ&usg=AOvVaw1sJx8MNxK8YsmN7or_0yjU

Edited December 31, 2022 by ThailandRyan

[Phoenix Rising]

Trump Declared In Presidential Debate He Shut Down Chinese Bank Account. He Didn't.

 

Liar and traitor. Who knew, right?!

[Phoenix Rising]

Why Trump didn’t want you to see his tax returns

 

"When Trump declared his candidacy for president in 2015, he characterized himself as a builder and businessman who could go to Washington and fix what politicians had wrecked. Trump’s self-declared status as a political outsider and business titan were crucial elements of his appeal to voters.

But Trump’s tax returns suggest that his businesses are perennial money-losers, while raising questions about how he manages to finance a gilded lifestyle."

 

Liar, grifter, carnival barker, snake oil salesman, all reconfirmed (as if we needed more proof).

[Eric Loh]

1 hour ago, Phoenix Rising said:

Oh dear, what a surprise!

 

Trump had bank account in China while president, taxes show

He paid more taxes in China than in USA. Make America Great he proclaimed; sick joke. 

[riclag]

4 hours ago, thaibeachlovers said:

Unless such was illegal it's meaningless in the context of "getting Trump" for something, anything to stop him standing in '24.

I assume Trump had tax accountants, like most rich people do to minimise their tax payments.

For the record ,the left has been out to get’em. Now they have what they think is a treasure trove of political fodder! Imop

In the grand scheme of things he’s my countries only hope in 2024,

of draining and exposing the “ Washington  Swamp” , the political cesspool of media ,merchants, politicians and bureaucrats , who suck off the Government system.imop

 

 

[candide]

37 minutes ago, riclag said:

For the record ,the left has been out to get’em. Now they have what they think is a treasure trove of political fodder! Imop

In the grand scheme of things he’s my countries only hope in 2024,

of draining and exposing the “ Washington  Swamp” , the political cesspool of media ,merchants, politicians and bureaucrats , who suck off the Government system.imop

 

 

Useful advices here!

 

How to Drain a Swamp

First, dig a trench.

https://slate.com/technology/2016/10/how-to-drain-a-swamp.html

[ozimoron]

Further, the returns show that Trump made zero dollars in charitable contributions in 2020 despite promising to give all of his presidential salary away.

 

https://thehill.com/policy/finance/3792995-ways-and-means-panel-releases-trumps-tax-returns/

[Phoenix Rising]

2 hours ago, riclag said:

For the record ,the left has been out to get’em. Now they have what they think is a treasure trove of political fodder! Imop

In the grand scheme of things he’s my countries only hope in 2024,

of draining and exposing the “ Washington  Swamp” , the political cesspool of media ,merchants, politicians and bureaucrats , who suck off the Government system.imop

 

 

Yes, because that's what trump's all about, unselfishly working for the interests of the common man!

[ballpoint]

1 hour ago, Phoenix Rising said:

Yes, because that's what trump's all about, unselfishly working for the interests of the common man!

I noticed a few too many letters in your reply...

 

Yes, because that's what trump's all about, selfishly working for the interests of the con man!

[In Full Agreement]

From the very beginning of his Presidential Campaign Donald Dump promised to follow tradition and release his tax returns.  Once again  he blatantly lied to the the American People.   Over 30,000  lies to date.

 

Mr. Dump  should thank the House Ways and Means Committee for saving hm the trouble  of releasing them as he promised.

 

How will he deal with  releasing  them in his upcoming 2024 campaign?    Did he learn his lesson?

 

 

 

 

[pomchop]

Look forward to donnie trying to run as 3rd party to absolutely insure that dems will win no matter who they run.....T never ever gave a hoot about republicans other than how he could use them to further his own ego. 

 

Now that the spineless repubs are finally starting to admit they got conned he will seek revenge and try to destroy whatever is left of the republican party. 

 

Plus of course T will continue the con and suck a few more hundred million out of the delusional MAGA bunch that wouldn't know a conman if he bit them on the butt.  The only hope the repubs have is that he will be in jail and unable to run but even if that happens he will no doubt call on his MAGA bunch to not vote at all.  Repubs had their chance to be rid of him via impeachment but blew it.

 

Well done donnie, well done spineless republicans.

[placeholder]

4 hours ago, riclag said:

For the record ,the left has been out to get’em. Now they have what they think is a treasure trove of political fodder! Imop

In the grand scheme of things he’s my countries only hope in 2024,

of draining and exposing the “ Washington  Swamp” , the political cesspool of media ,merchants, politicians and bureaucrats , who suck off the Government system.imop

 

 

You sure about that?

Trump frees former aides from ethics pledge, lobbying ban

https://apnews.com/article/donald-trump-lobbying-e911209abab83899eadd18b5776f6095

[metisdead]

An inflammatory post has been reported and removed.

[ThailandRyan]

I looked over his taxes and the man did not pay any Federal income tax in 2020. I myself need to have his accountants as I paid over 56k USD to the feds and another 16k to the great State of California.  I think maybe I need to find better tax write-offs. Owning my own business and 3 rentals was not enough....sigh.

Edited December 31, 2022 by ThailandRyan

[Tug]

5 hours ago, riclag said:

For the record ,the left has been out to get’em. Now they have what they think is a treasure trove of political fodder! Imop

In the grand scheme of things he’s my countries only hope in 2024,

of draining and exposing the “ Washington  Swamp” , the political cesspool of media ,merchants, politicians and bureaucrats , who suck off the Government system.imop

 

 

And just how much of a tax refund was old Donnie trying to grift off us folks who PAY taxes hummmm business man indeed.With all due respect he is a false messiah you have been had brother turn the page.let it go

[ozimoron]

'Final nail in his coffin': Trump's taxes contain 'powerful evidence of criminal tax evasion'

 

https://www.rawstory.com/donald-trump-taxes-2659052512/

[Credo]

10 hours ago, riclag said:

For the record ,the left has been out to get’em. Now they have what they think is a treasure trove of political fodder! Imop

In the grand scheme of things he’s my countries only hope in 2024,

of draining and exposing the “ Washington  Swamp” , the political cesspool of media ,merchants, politicians and bureaucrats , who suck off the Government system.imop

 

 

His taxes are mildly titillating, but not particularly revealing.  I don't think there is a 'gotcha' moment anywhere in them, and it will take a long time and some very expert professionals to unpack them.  If there are irregularities, the IRS will want their money plus interest and penalties.  They aren't likely to pursue fraud unless they find something big and intentional.   

 

No, the 'gotcha' moment lies with the stolen documents at his residence.     

[heybruce]

10 hours ago, riclag said:

For the record ,the left has been out to get’em. Now they have what they think is a treasure trove of political fodder! Imop

In the grand scheme of things he’s my countries only hope in 2024,

of draining and exposing the “ Washington  Swamp” , the political cesspool of media ,merchants, politicians and bureaucrats , who suck off the Government system.imop

Against all evidence some people cling to the idea that the orange swamp rat wants to drain the swamp.

[ozimoron]

The New York Times reported in 2020 on the bank account in China, and that it was linked to a business push there from Trump International Hotels Management. At the same time that Trump was running for reelection, he accused Democratic opponent Joe Biden of being China's so-called puppet.

Biden, however, has not received income from or done business with China, per his own disclosures and returns.

 

https://www.newsweek.com/full-list-trumps-foreign-bank-accounts-1770459

[bendejo]

On 12/30/2022 at 10:02 PM, Phoenix Rising said:

When Trump declared his candidacy for president in 2015, he characterized himself as a builder and businessman who could go to Washington and fix what politicians had wrecked.

And he did, he refurbished the Old Post Office building into a hotel and turned it into a cash funnel for selling favors.  Enriching POTUS is a way of making America great, no?  

 

[placeholder]

6 hours ago, bendejo said:

And he did, he refurbished the Old Post Office building into a hotel and turned it into a cash funnel for selling favors.  Enriching POTUS is a way of making America great, no?  

 

Not only that. The FBI had plans to move out of their current building and into a new facility in Virginia. It just so happened that the building was very close to where Trump's hotel was located. A perfect spot for a competing hotel. Trump put the kibosh in the FBI's move.

 

Trump Closely Involved In Killing FBI’s Move Out Of Washington, Emails Show

President Donald Trump personally intervened to stop the FBI from moving its headquarters in Washington to the Maryland or Virginia suburbs, emails made public Thursday reveal. The decision that the bureau will not move will help the president’s bottom line by reducing competition for his flagship hotel property located in the Old Post Office building across the street from the current FBI building.

The emails between officials at the General Services Administration, which oversees government-owned properties, and the FBI show that the decision to stop the long-running plan to move FBI headquarters to the suburbs and sell the sprawling, brutalist J. Edgar Hoover Building to developers for a mixed-use development came directly from the president.

https://www.huffpost.com/entry/trump-hotel-fbi-headquarters-pennsylvania-ave_n_5bc8a70de4b0a8f17eea199c

Edited January 2, 2023 by placeholder

[ozimoron]

25 minutes ago, placeholder said:

Not only that. The FBI had plans to move out of their current building and into a new facility in Virginia. It just so happened that the building was very close to where Trump's hotel was located. A perfect spot for a competing hotel. Trump put the kibosh in the FBI's move.

 

Trump Closely Involved In Killing FBI’s Move Out Of Washington, Emails Show

President Donald Trump personally intervened to stop the FBI from moving its headquarters in Washington to the Maryland or Virginia suburbs, emails made public Thursday reveal. The decision that the bureau will not move will help the president’s bottom line by reducing competition for his flagship hotel property located in the Old Post Office building across the street from the current FBI building.

The emails between officials at the General Services Administration, which oversees government-owned properties, and the FBI show that the decision to stop the long-running plan to move FBI headquarters to the suburbs and sell the sprawling, brutalist J. Edgar Hoover Building to developers for a mixed-use development came directly from the president.

https://www.huffpost.com/entry/trump-hotel-fbi-headquarters-pennsylvania-ave_n_5bc8a70de4b0a8f17eea199c

If this isn't self dealing, nothing is. The FBI wanted out.