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The Trump Presidency : Year III Login/Join 
safe & sound
Picture of a1abdj
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quote:
President Trump claimed to have lost $1.17 billion from his real estate businesses on his federal income tax returns for the decade between 1985 and 1994, The New York Times reported Tuesday evening.



I wonder how much (if any) of that was the legitimate depreciation deduction. $100,000,000 a year may not be that far out of the realm or normal for property worth billions.


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Posts: 13794 | Location: St. Charles, MO, USA | Registered: September 22, 2003Reply With QuoteReport This Post
Ammoholic
Picture of Skins2881
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quote:
Originally posted by Fenris:
quote:
Originally posted by Bytes:
It's very hard to fudge the numbers when ANY business you poll can't find enough qualified candidates. President Trumps numbers seem very real to me.

While admittedly anecdotal, we were recently advised that the inability to hire new workers and drivers was responsible for the trash company missing every other pickup.

I mentioned to a big lib neighbor that this was the fault of a booming economy and we could blame Trump for it. She was befuddled.


Yep. I told my wife today I'm quitting our trash company today due to Trump. She said ??? I replied we haven't had regular trash service in months and they were four days late when they picked up our trash today. I said why? Because no one wants to pick up trash when they can get a better job. Too many vacancies right now. Subtract the natural unemployment rate, and businesses are hurting trying to find employees. Thanks Trump for ruining my trash company.



Jesse

A couple SIGs and a few others
 
Posts: 14711 | Location: Loudoun County, Virginia | Registered: December 27, 2014Reply With QuoteReport This Post
Ammoholic
Picture of Skins2881
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I have to wonder, is this what most middle of the road, intelligent people have to deal with every day? I get maybe you don't like Trump, but seriously how can people pass on the BS? How does anyone with three brain cells in their noggin explain to the morons that the crap they've been feed is fantasy?




Jesse

A couple SIGs and a few others
 
Posts: 14711 | Location: Loudoun County, Virginia | Registered: December 27, 2014Reply With QuoteReport This Post
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I live behind enemy lines in Cali, and the video is pretty accurate. I now understand why so many persons are easily manipulated.


-c1steve
 
Posts: 2733 | Location: West coast | Registered: March 31, 2012Reply With QuoteReport This Post
Be not wise in
thine own eyes
Picture of kimber1911
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quote:
The newspaper said it had obtained printouts of Trump's IRS tax transcripts from a person " who had legal access to it, " without elaborating.


Oh, it’s OK if they had legal access. Roll Eyes

What about legal authority to release the tax returns?



"This American carnage stops right here and stops right now.”
Donald Trump (POTUS) Jan. 20th 2017

"ΜΟΛΩΝ ΛΑΒΕ!" King Leonidas of Sparta
 
Posts: 3280 | Location: NC | Registered: December 05, 2004Reply With QuoteReport This Post
Tinker Sailor Soldier Pie
Picture of Balzé Halzé
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quote:
Originally posted by olfuzzy:
Someone needs to go to jail for leaking this Mad




What if he were already in jail? Seriously, this has Michael Cohen written all over it. He checks into prison and then a few days later the NYTIMES prints this information? Yeah, I'm sure it's only a coincidence.

Maybe they should take him out of that cushy country club prison and stick him in a medium "get pounded in the butthole" security prison and see how he likes that.

This message has been edited. Last edited by: Balzé Halzé,


~Alan

Acta Non Verba
NRA Life Member (Patron)
God, Family, Guns, Country

"My guns are always loaded."
~R.G. Justified

What whiskey will not cure, there is no cure.
 
Posts: 22749 | Location: Ski Town, Utah | Registered: October 29, 2012Reply With QuoteReport This Post
Be prepared for loud noise and recoil
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I could not care less about Trump's tax returns. I do care that this is another desperate grasping at straws by the Dem's and the media, and it will be another giant nothing.

ETA: Trump may have lost money as a Developer. His true calling was to be President. He's just a late bloomer Big Grin




"Keep your fears to yourself, but share your courage with others." - Robert Louis Stevenson
 
Posts: 2829 | Location: California | Registered: March 23, 2006Reply With QuoteReport This Post
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quote:
Originally posted by sigalert:
I could not care less about Trump's tax returns. I do care that this is another desperate grasping at straws by the Dem's and the media, and it will be another giant nothing.

ETA: Trump may have lost money as a Developer. His true calling was to be President. He's just a late bloomer Big Grin


I don't either, I cannot fathom what the communists think they're going to get out of tax returns.

All of us have financial gains and losses, President Trump is no different. I think they're trying to make a single billionaire look stupid and it will backfire on them again.




 
Posts: 11273 | Location: Northwest of the 3rd world shithole known as Denver | Registered: June 18, 2008Reply With QuoteReport This Post
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quote:
Originally posted by c1steve:
I live behind enemy lines in Cali, and the video is pretty accurate. I now understand why so many persons are easily manipulated.


Same situation here.

Just like on this board, when it comes to liberty, freedom, and economics communists cannot be reasoned with.




 
Posts: 11273 | Location: Northwest of the 3rd world shithole known as Denver | Registered: June 18, 2008Reply With QuoteReport This Post
Yeah, that M14 video guy...
Picture of benny6
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So over 20-30 years ago he declared a loss over his properties in order to pay less taxes. Sounds like something perfectly legal and something I would have done too.

And how is this earth shattering?

Tony.


Owner, TonyBen, LLC, Type-01 FFL
www.tonybenm14.com (Site under construction).
e-mail: tonyben@tonybenm14.com
 
Posts: 3403 | Location: USA | Registered: February 13, 2001Reply With QuoteReport This Post
Yew got a spider
on yo head
Picture of DoctorSolo
posted Hide Post
quote:
Originally posted by benny6:
So over 20-30 years ago he declared a loss over his properties in order to pay less taxes. Sounds like something perfectly legal and something I would have done too.

And how is this earth shattering?

Tony.


Orange man bad!
 
Posts: 4364 | Location: Colorado Springs | Registered: April 12, 2006Reply With QuoteReport This Post
Political Cynic
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can you imagine how pissed the left would be if after all this crap, they find that President Trump is due a refund?



Participating in a gun buy back program because you think criminals have too many guns is like having yourself castrated because you think your neighbor has too many kids

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Posts: 48574 | Location: Arizona | Registered: January 16, 2002Reply With QuoteReport This Post
Unflappable Enginerd
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quote:
Originally posted by sigfreund:
quote:
Originally posted by olfuzzy:
Someone needs to go to jail for leaking this Mad


It was inevitable, and my only surprise is that it took so long.
The same thing happened to Nixon, and no one on the left was upset when that happened.
And yet no one has seen BHO's college transcripts or admission information, hmmm.


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Posts: 4029 | Location: Headland, AL | Registered: April 19, 2006Reply With QuoteReport This Post
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quote:
Originally posted by nhtagmember:
can you imagine how pissed the left would be if after all this crap, they find that President Trump is due a refund?


..and he uses it on funding the wall.


Straight shootin!
dusty
 
Posts: 3682 | Location: Fayette County, TN | Registered: August 13, 2005Reply With QuoteReport This Post
Muzzle flash
aficionado
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quote:
Originally posted by kimber1911:
quote:
The newspaper said it had obtained printouts of Trump's IRS tax transcripts from a person " who had legal access to it, " without elaborating.


Oh, it’s OK if they had legal access. Roll Eyes

What about legal authority to release the tax returns?
SCOTUS has ruled that the First Amendment protects news agencies that release prohibited material IF THEY DID NOT PARTICIPATE IN OBTAINING IT FROM THE ORIGINAL SOURCE. That means they can publish anything that someone else gives to them, without fear of punishment. (And, of course, they also are permitted to protect the names of who gave them the information, so they cannot be punished.)

I think the proper response by President Trump should simply be "Oh, yes? Prove that those are my tax returns, and not some documents that you have created instead." I don't think "proof" could be given without releasing the sources.

Oh--and if the House votes to put AG Barr in Contempt of Congress, he should just respond "Good--I have a lot of contempt for you."

flashguy




Texan by choice, not accident of birth

When they ask me, "Paper or plastic?" I just say, "Doesn't matter to me. I am bi-sacksual."
 
Posts: 22534 | Location: Dallas, TX | Registered: May 08, 2006Reply With QuoteReport This Post
Tinker Sailor Soldier Pie
Picture of Balzé Halzé
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Oh yeah, and about the NYTIMES bombshell article on President Trump's taxes and debt in the late 80s...

New York Times story on Trump's billion-dollar tax write off was told by Trump 15 years ago on 'The Apprentice'
by Eddie Scarry
May 08, 2019 09:29 AM

The New York Times led readers to believe it had blown the lid off of President Trump’s massive business failures with its very long report Tuesday night, detailing his $1.17 billion loss between 1985 and 1994.

But the story has been told before, by Trump himself, on NBC’s “The Apprentice.”

On Jan. 8, 2004, at the top of the show’s very first episode, Trump laid out a summarized version of the same story about himself that the Times so proudly ran Tuesday.

Here’s a side by side of what Trump said in the monologue in 2004 with what the Times report said 15 years later.

Trump, 2004: “It wasn’t always so easy. About 13 years ago, I was seriously in trouble. I was billions of dollars in debt.”

Times, 2019: “The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.”


Trump, 2004: “But I fought back and I won big league. I used my brain. I used my negotiating skills. And I worked it all out.”

Times, 2019: “Mr. Trump’s 2005 returns … showed that by then he had significant sources of income and was paying taxes.”


Trump, 2004: “Now my company’s bigger than it ever was, stronger than it ever was and I’m having more fun than I ever had. I’ve mastered the art of the deal and I’ve turned the name Trump into the highest quality brand.”

Times, 2019: “Mr. Trump built a business licensing his name, became a television celebrity and ran for the White House by branding himself a self-made billionaire.

Anyone interested in the specifics of how Trump blew through hundreds of millions of dollars in cash and credit loans, or how he sunk bad dollar after bad dollar in failing projects can learn a lot from Trump’s 35-year-old tax information, though history suggests there’s little appetite for it.

The Times certainly had a big Trump story on Tuesday. It’s just that Trump had already told it 15 years ago.

https://www.washingtonexaminer...go-on-the-apprentice


~Alan

Acta Non Verba
NRA Life Member (Patron)
God, Family, Guns, Country

"My guns are always loaded."
~R.G. Justified

What whiskey will not cure, there is no cure.
 
Posts: 22749 | Location: Ski Town, Utah | Registered: October 29, 2012Reply With QuoteReport This Post
Be not wise in
thine own eyes
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Good point flashguy.

Turns out President Trump was hiding the story of his financial problems in this book.




"This American carnage stops right here and stops right now.”
Donald Trump (POTUS) Jan. 20th 2017

"ΜΟΛΩΝ ΛΑΒΕ!" King Leonidas of Sparta
 
Posts: 3280 | Location: NC | Registered: December 05, 2004Reply With QuoteReport This Post
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All this baloney about Trump's taxes is totally irrelevant unless they can find something significant that is unquestionably illegal.

Even then, it would have no relevance to the Muller probe, Russian collusion, or any of the issues which are being looked at now.

It is simply more of the $h*t they are desperately throwing at the wall hoping some will stick and distract from revelations being brought forth on the actual illegal collusion by the deep state attempting to coup the Trump administration. (sorry about the long sentence)




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Posts: 2786 | Location: Arizona Highlands - Pine Tree Country | Registered: March 25, 2009Reply With QuoteReport This Post
goodheart
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From John Solomon writing for The Hill:

Steele's stunning pre-FISA confession: Informant needed to air Trump dirt before election
Note: this document classified as secret by FBI on April 25, 2019

An excerpt:
quote:
Steele's stunning pre-FISA confession: Informant needed to air Trump dirt before election
If ever there were an admission that taints the FBI’s secret warrant to surveil Donald Trump’s campaign, it sat buried for more than 2 1/2 years in the files of a high-ranking State Department official.

Deputy Assistant Secretary of State Kathleen Kavalec’s written account of her Oct. 11, 2016, meeting with FBI informant Christopher Steele shows the Hillary Clinton campaign-funded British intelligence operative admitted that his research was political and facing an Election Day deadline.

And that confession occurred 10 days before the FBI used Steele’s now-discredited dossier to justify securing a Foreign Intelligence Surveillance Act (FISA) warrant to surveil former Trump campaign adviser Carter Page and the campaign’s ties to Russia.

Steele’s client “is keen to see this information come to light prior to November 8,” the date of the 2016 election, Kavalec wrote in a typed summary of her meeting with Steele and Tatyana Duran, a colleague from Steele’s Orbis Security firm. The memos were unearthed a few days ago through open-records litigation by the conservative group Citizens United.

Kavalec’s notes do not appear to have been provided to the House Intelligence Committee during its Russia probe, according to former Chairman Devin Nunes (R-Calif.). "They tried to hide a lot of documents from us during our investigation, and it usually turns out there’s a reason for it," Nunes told me. Senate and House Judiciary investigators told me they did not know about them, even though they investigated Steele’s behavior in 2017-18.

One member of Congress transmitted the memos this week to the Department of Justice’s inspector general, fearing its investigation of FISA abuses may not have had access to them.

Nonetheless, the FBI is doing its best to keep much of Kavalec’s information secret by retroactively claiming it is classified, even though it was originally marked unclassified in 2016.

The apparent effort to hide Kavalec's notes from her contact with Steele has persisted for some time.

State officials acknowledged a year ago they received a copy of the Steele dossier in July 2016, and got a more detailed briefing in October 2016 and referred the information to the FBI.

But what was discussed was not revealed. Sources told me more than a year ago that Kavalec had the most important (and memorialized) interaction with Steele before the FISA warrant was issued, but FBI and State officials refused to discuss it, or even confirm it.

The encounter, and Kavalec’s memos, were forced into public view through Freedom of Information Act (FOIA) litigation by Citizens United. Yet, all but a few lines have been redacted after the fact. Officials are citing as the reason national security, in the name of the FBI and a half-century-old intelligence law.

David Bossie, head of Citizens United and an informal Trump adviser, said the documents suggest there was an illegal effort to “frame” the future president with bogus Russia collusion allegations. “This new information proves why the attorney general must conduct a thorough investigation of the investigators,” he said.

Sources tell me there also are handwritten notes from the meeting, with information about Steele’s political ties, that have not been given to Congress. “There’s a connection to Hillary Clinton in the notes,” said one source who has seen them.

Perhaps those will come to light soon.

----

“Orbis undertook the investigation into the Russia/Trump connection at the behest of an institution he declined to identify that had been hacked,” Kavalec wrote.

At the time, the Democratic National Committee (DNC) was the highest-profile victim of election-year hacking.

“The institution approached them based on the recommendation of Glenn Simpson and Peter Fritsch (specialists in economic crime, formerly of the WSJ) and is keen to see this information come to light prior to November 8,” Kavalec wrote. “Orbis undertook the investigation in June of 2016.” Steele's firm Orbis was a subcontractor to Fusion GPS, and WSJ refers to The Wall Street Journal.

Everything else in the memo was redacted. The FOIA notes contain this explanation for the redactions: “Classified by FBI on 4/25/2019 — Class: SECRET.” In other words, the FBI under Director Christopher Wray classified the document as “secret” just a few days ago. To add injury to insult, the FBI added this hopeful note: “Declassify on 12/31/2041.” That would be 25 years after the 2016 election.


More at the Link


_________________________
“Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.”--Adam Smith, born June 16, 1723
 
Posts: 15302 | Location: One hop from Paradise | Registered: July 27, 2004Reply With QuoteReport This Post
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Before they knew he was a republican, the NY Times lionized Trump in 1995 for his huge comeback.

The Comeback King!

https://www.nytimes.com/1995/1...e-comeback-king.html


October 25, 1995, Page 00004Buy Reprints

The New York Times Archives

Though there are still four years to go in the 90's, business and government leaders in New York honored Donald J. Trump yesterday for pulling off what they called "the comeback of the decade."

Mr. Trump, the developer who came to epitomize opulent wealth during the 80's before tumbling into deep financial trouble, has managed to erase much of his debt and is moving ahead with major projects at a time other developers are idling.

Judging from the attention showered on him yesterday at the Union League Club, some of New York's civic and business leaders are quite captivated by Mr. Trump, despite the financial uncertainties that still surround some of his properties.

But the operative word at the luncheon was comeback, though Mr. Trump might dispute that he ever went far away. William D. Fugazy, the limousine magnate and chairman of the Forum Club, the group of business and civic leaders that sponsored the luncheon, presented Mr. Trump with a boomerang encased in glass. "You throw it and it always comes back," he said as he handed it over.

In a flattering speech, Lieut. Gov. Betsy McCaughey called Mr. Trump "the comeback kid." Charles A. Gargano, who as chairman of the Empire State Development Corporation is himself considered one of the new powers of the state, joked about a Perot-Trump presidential ticket. "He would be the most loved Vice President since Spiro T. Agnew," he said. Mr. Gargano, who heads the state's economic development efforts, added, "Thank you for your tax dollars."

After the collapse of the real estate market of the 1980's, Mr. Trump's company was left holding some $8.8 billion in debt, causing his personal net worth to drop to a low of about $1 billion in the red by 1991.

But since then, his fortunes have changed. He continues to pursue the trademark trophy-style projects he is known for, such as a hotel and condominium project on the southwest corner of Central Park that is expected to open by late 1996.

Indeed, about an hour before the luncheon, Mr. Trump and representatives from a Hong Kong development firm huddled over drawings and models for their planned Riverside South development, a 17-building project at the site of the old Pennsylvania Railroad yard on the West Side.

In addition to his real estate ventures, revenues are strong throughout the casino business, where Mr. Trump is one of the most noteworthy operators, owning three gaming establishments in Atlantic City. "The market is quite vibrant," said N. Bruce Turner, a gaming analyst at Solomon Brothers. "It has lifted Donald Trump's vibrancy. Has he come back along with the market? No question."

To be sure, for all his latest achievements, Mr. Trump is still somewhat at the mercy of the various lenders who granted him concessions on his debt. Also, he has recently proposed another refinancing of his Taj Mahal Casino in Atlantic City, which has never lived up to the huge profits that he predicted.

But at Tuesday's luncheon, with his family by his side, Mr. Trump was in full form, gracefully taking in all the praise, like a preacher gathering up Sunday's collections.

For the guests, who included Police Commissioner William J. Bratton, Manhattan District Attorney Robert M. Morgenthau, and the developers Lewis Rudin and Peter Kalikow, he recalled how in 1991, the world was far different.

Outside the room, he proclaimed with no shortness of his characteristic hyperbole, "I'm the biggest in real estate in New York, and I'm the biggest in the gaming industry."



.
 
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