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The New York Times article is disconcerting in a multitude of ways.
There are suspicious consulting fees paid to family where there’s contradicting information that there were no consulting services even provided (possible payroll tax avoidance, gift tax avoidance, and transferring of tax liability). There are conservation deductions that are suspect (in value). There are deductions of “investment property expenses” that may be used personally.
The biggest issue appears to be the audit issue about whether he abandoned his partnership interest in the casinos without receiving anything of value.
There’s also critiques of businesses that are truly losing money hand over fist (not just through depreciation), recourse debt concerns, and the change in revenues in certain businesses since taking office.
Oh, and deduction of legal fees for criminal defense which is NOT a valid business expense. Somewhat speculative, since it’s hard to tell, but at least some of the cited legal expenses seem to be tied to firms that were hired just for criminal cases.
And that's just the stuff we know from the Times article.
He doesn't just stiff contractors, the NYT states that "Mr. Trump has an established track record of stiffing his lenders. But the tax returns reveal that he has failed to pay back far more money than previously known: a total of $287 million since 2010." Oh, that's admirable. What if we all just refused to pay back loans we received? How is he able to get away with this kind of stuff?
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.
Okay, but the real issues should be:
-Are there indications that he has totally lied about his worth?
-Are there indications of tax evasion?
-Are there indications of financial improprieties with Russia or other bad actors?
-Are there indications of financial illegalities related to his campaign or presidency?
Those of us who are informed already knew that he's a bad businessman.
So long as he is not breaking the laws, I don't care how much Trump pays, or doesn't pay.
I know he did increase taxes for some people, because I'm not even able to itemize anymore. I don't get any sizeable deductions now, and I used to get pages of them; as a top 2%'er who owned multiple properties, and a business.
Also, Trump increased the tax revenues flowing in to the federal gov't for his first 3 years in office...so he did increase taxes, and also repatriated $1T from offshore that he collected taxes upon (at a reduced rate to incentivize them to do so).
All of this just makes me want to vote for Trump even more. MAGA KAGA
You know tax revenue has risen every year since 2009.
The biggest jump came the last three years of Obama's presidency.
WHAT? Trump's first three years saw revenues increase from 3.32 trillion in 2017 to 3.46 in 2019....... That is a .12 trillion increase.
Obama during the recession started with 2.10 trillion in 2009....and saw it increase to 2.30 trillion -- that's .20 trillion increase.
AND.....the last three years of Obama's Presidency saw a .25 trillion increase.
So Trump didn't do as well as the Democrat....
(And Trump calculcated that 4 trillion would be repatriated -- it stalled at 1).
Stormy Daniels has received more money from Trump than the United States has.
The best part about this to me is that Trump is going to be RATTLED by this being made public. Him being the ultra-successful businessman has been the con that he's made his name on for decades now and now it's revealed as the lie that it is.
Good lord, the meltdowns over this are going to be extraordinary. If he still attends the debate it is going to be amazing.
Ann Coulter said she doesn't care if Trump is a **** businessman and that wasn't the basis of her vote.
To be fair though I think people are ultimately going to be voting for him based on the last 4 years as president.
The tax returns would have been much more relevant in 2016 when he FIRST ran for president. He has a record now in government, and that will be much more relevant.
They will judge Trump for doing a less than great job with the economy. He said his policies would produce 6% growth per year. It didn't do as much as get to 3%. No wonder. Few cities got major new industrial plants. Why expect more from a president who had to declare bankruptcy at least 4 times?
Trump is suppose to be the Savior of the Blue-Collar working man. Yet NEVER Held a Blue-Collar job in his life.
No, he just stiffed them and didn't pay them for the honest work they provided. He's a dishonorable crook who cares nothing about the average working man or woman. Even his huge tax breaks went mostly to the wealthy.
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MAGA KAGA
