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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.

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Originally posted by Fenris:

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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.

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The newspaper said it had obtained printouts of Trump's IRS tax transcripts from a person " who had legal access to it, " without elaborating.

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Originally posted by olfuzzy:
Someone needs to go to jail for leaking this

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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

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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.

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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.

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Originally posted by sigfreund:

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Originally posted by olfuzzy:
Someone needs to go to jail for leaking this

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.

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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?

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Originally posted by kimber1911:

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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.

What about legal authority to release the tax returns?

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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.

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“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.