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You know what you said, anyone who does not agree with you does not have a brain. I could care less but your Freudian slip shows.
Feel free to disagree as long as you use rationale to disagree. For example, the comment below from you is completely nonsense.
Quote:
Originally Posted by Oklazona Bound
Since Trump keeps his financial data close the vest they have to guess. Trump claimed in 2018 to have made a $400 million dollar profit but actually lost $40 million. What is wrong with not paying taxes when you claim to be worth $10 billion? Do I really have to explain that? And if Trump has no idea how much he is worth why does he go around claiming to know?
Trump claims net worth of more than $10 billion in new filing
2. Net worth <> income. One can easily grow net worth without growing income. For example, Jeff Bezos and Warren Buffett. This is easily done by owning stocks or real estate. As the stocks and real estate appreciate, their net worth grows, but their income remains zero. Of course, in the real estate case, one must pay property tax.
3. I don't know why he brags about it and I don't care.
Questionable? What? They are LEGAL tax deductions under the U.S. Tax Code that his LAWYERS and accountants make sure are legal and usable. Stop guessing and making accusations that you know nothing about.
"Stop guessing and making accusations that you know nothing about".
“ On financial disclosure forms, Trump has reported holding 14 loans on 12 properties. At least six of those loans, representing about $479 million in debt, are due over the next four years. Some are guaranteed by Trump himself, meaning a creditor could come after his personal—not corporate—assets if he defaults. ”
“And as the new New York Times investigation makes clear, Trump’s constellation of hotels, resorts, and other properties have struggled in recent years, putting him in a difficult financial position just as his debts come due. His main businesses reported losses of more than $100 million in the early 2010s. He took out a $100 million mortgage on commercial space in Trump Tower, his flagship property, in 2012, and cashed out $316 million in stocks, bonds, and a real estate partnership account between 2012 and 2016, the Times reported. Still, by 2018, the Trump Organization’s cash on hand of $34.7 million was 40 percent less than in 2013.”
the basic lack of understanding - or willingness to learn - among Americans is certainly a good reason we get reports of folks without $400 or who are 55 years old and have no retirement savings.
Do you have a mortgage? Have you ever refinanced it? Has your mortgage ever been an ARM?
Are you aware that while a commercial real estate loan may be amortized over say 30 years - just like your home - that commercial mortgage NEVER carries a 30 year term?
Per above, that $100MM mortgage on trump Tower likely carries a standard 10 year balloon. That means in 2022, it's going to need to be refinanced. By then, the mortgage balance will be about $70MM. The current loan holder may be willing to do that refinance. A new lender may be willing to.
2 years ago, Trump Tower was valued at $471MM. As part of refinancing, the lenders will look at the certified financial statements of "Trump Tower LLC" to make sure the cash flow it generates will pay for a $70MM loan - just the same way your lender looked at your Debt-to-Income ratio when you bought your home.
I like presidents who make public statements imploring the tax code be applied fairly.
Presidents who explain that their secretary's earnings are taxed at a higher rate than
himself, the president.
Why didn't Hiden Biden do anything about revising the Tax Code since he was a public servant for nearly fifty years? Because it benefited him financially?
Some say.....SCOTUS Justice Kennedy retired abruptly to make way for Trump’s Kavanaugh, Kennedy’s son Justin signed off on Trump’s loans at Deutsche Bank, those loans were backed by Russians, and Justin’s boss Bowers “killed himself”?
Some say....that Trump owing money to banks around the world make him a security risk.....
I don't know enough of the details but folks sure are throwing out all kind sof wild things.
But....really..... don't you all wonder what Eric and Donny Jr. make....seems Ivanka has done well by her Dad...look at that modern woman getting some loving from Daddy -- job, consulting fees, titles.......and those affectionate butt rubs...she's an icon for women everywhere....lol
Yes , I wonder and would like to know.
The bit about Scotus Kennedy retiring so
abruptly always made me pause , wonder will we ever know?
Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750. He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
... and that's $750 more than Amazon paid.
Feel better now? Why do you care? I don't care about Trump's taxes or how many times he banged Stormy Daniels... why do you?
#TRUMP2020
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