1. #27451
    Thailand Expat tomcat's Avatar
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    "Ultimately, Mr. Trump has been more successful playing a business mogul than being one in real life."

    Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance - The New York Times

  2. #27452
    Thailand Expat AntRobertson's Avatar
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    I pay more taxes than the president of the US and write-off approx. $70,000 less on hair stylists.

  3. #27453
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    Quote Originally Posted by deeks View Post
    into the last 10 minutes, direct answers to direct questions. I
    Absolute bullshit. ducking and diving, weaving and dodging, obfuscating and everything else to AVOID a direct answer.
    Honestly, you Trumptards willfully justify anything to justify your obsession with this asshole.
    Remember he was found guilty of fraud and ordered to pay restitution of 12 million dollars.
    No wonder he was trying to avoid answering the questions.
    “If we stop testing right now we’d have very few cases, if any.” Donald J Trump.

  4. #27454
    Thailand Expat peaches's Avatar
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    As Gomer Pyle would say .......... surprise , surprise , surprise .

  5. #27455
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    Losing more money than he was making year after year after year? And trumpers say they voted for the sleazeball b/c he was a good business man? He's more of a fake business man, fake president and real criminal than anything else. In any other country of the world, he would have been hung by his lying tongue a long time ago.

  6. #27456
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    Six key findings from the New York Times' Trump taxes bombshell
    The president pays little, faces hefty audit costs as well as loans coming due soon, and Ivanka is not in the clear


    The publication of Donald Trump’s records by the New York Times is one of the biggest bombshells to hit an unprecedented 2020 election campaign already been hit by a litany of scandals, a bitter fight over a supreme court nomination and a pandemic in which 7m Americans have been infected and more than 200,000 have died, during a bungled federal response.

    The president’s taxes have long been the great white whale of political reporters in America as well as prosecutors keen to find evidence of wrongdoing. Democrats too were eager to seize on them as a potentially game-changing stick with which to beat the Trump campaign.

    The Times, with its shock report published on Sunday evening, appears to have won the race. Its publication of details from the documents could send shock waves through the campaign as the key first debate between Trump and challenger Joe Biden looms, in Ohio on Tuesday night.


    Here are some of its key findings:


    Trump pays little tax
    The Times reported that Trump paid no federal income taxes in 11 of 18 years the newspaper looked at. In 2017, after he became president, his tax bill was only $750. This is despite Trump often railing against taxes in America and ushering through a series of tax cuts that critics say mostly helps the rich and big business.


    Barack Obama and George W Bush each regularly paid more than $100,000 a year
    The Times said of Trump’s immediate predecessors: “Barack Obama and George W Bush each regularly paid more than $100,000 a year.”


    A long audit – with potentially hefty costs
    Trump is involved in a decade-long audit with the Internal Revenue Service over a $72.9m tax refund he claimed, and received, after declaring huge losses. A ruling against him could cost him more than $100m, the Times reported.


    It added: “In 2011, the IRS began an audit reviewing the legitimacy of the refund. Almost a decade later, the case remains unresolved, for unknown reasons, and could ultimately end up in federal court, where it could become a matter of public record.”


    Ivanka helps reduce Trump’s tax burden
    The president’s oldest daughter, while working as an employee of the Trump Organization, appears to have received “consulting fees” that helped reduce the family’s tax bill, the Times said. Such a revelation might further tarnish the reputation of Ivanka, a senior White House adviser married to another, Jared Kushner, who often tries to distance herself from some of the biggest scandals of her father’s administration. She is widely believed to harbor political ambitions of her own after Trump leaves office.




    The Times reported: “Trump’s private records show that his company once paid $747,622 in fees to an unnamed consultant for hotel projects in Hawaii and Vancouver, British Columbia. Ivanka Trump’s public disclosure forms – which she filed when joining the White House staff in 2017 – show that she had received an identical amount through a consulting company she co-owned.”


    His lenders could be placed in the unprecedented position of weighing whether to foreclose on a sitting president
    Trump businesses lose money
    The Times was brutal in its assessment of Trump’s businesses, about which he often boasts and on the back of which he sought to promote a carefully curated image as a master businessman. “Trump’s core enterprises – from his constellation of golf courses to his conservative-magnet hotel in Washington – report losing millions, if not tens of millions, of dollars year after year,” the newspaper said.


    It detailed how since 2000, Trump has reported losing more than $315m at his golf courses, with much of that coming from Trump National Doral in Florida. His Washington hotel, which opened in 2016 and has been the subject of much speculation regarding federal ethics laws, has lost more than $55m.


    Trump has a big bill to pay
    The newspaper also reported that Trump is facing a major financial bill, as within the next four years, hundreds of millions of dollars in loans will come due. The paper said Trump is personally responsible for many of those obligations.


    The paper reported: “In the 1990s, Mr Trump nearly ruined himself by personally guaranteeing hundreds of millions of dollars in loans, and he has since said that he regretted doing so. But he has taken the same step again, his tax records show. He appears to be responsible for loans totaling $421m, most of which is coming due within four years.”


    In a blunt summary of the problem, the Times speculated: “Should he win re-election, his lenders could be placed in the unprecedented position of weighing whether to foreclose on a sitting president.”



    Trump businesses profit from his presidency
    The issue of whether Trump’s businesses benefit from his position in the White House has been one of the long-running themes of reporting on the Trump presidency. The global nature of the Trump Organization and its portfolio of hotels, resorts and other interests has left Trump open to speculation that lobbyists, business leaders and foreign powers could spend money in them to try and peddle influence in the US.


    The Times report on his tax returns is clear that Trump’s businesses have indeed benefited from his political career.


    “Since he became a leading presidential candidate, he has received large amounts of money from lobbyists, politicians and foreign officials who pay to stay at his properties or join his clubs,” the newspaper reported, before detailing monies paid at his Mar-a-Largo resort in Florida, his Washington hotel and other locations.

    Six key findings from the New York Times' Trump taxes bombshell | US news | The Guardian

  7. #27457
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    And the mouth-breathers will think 'he has tax problems just like I hate paying tax - he's one of us'.

  8. #27458
    Excommunicated baldrick's Avatar
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    FORT LAUDERDALE, Fla. – Former campaign manager for Donald Trump, Brad Parscale, who was replaced by the President less than four months before the 2020 election, was reportedly armed with a gun and threatening to harm himself at his Fort Lauderdale home on Sunday afternoon.

    Police responded to a home in the upscale Seven Isles neighborhood around 4 p.m. in reference to a man barricaded inside a house. When officers arrived on the scene, they made contact with the woman, the man’s wife, who had called 911. She told police that her husband was armed, had access to multiple firearms inside the house and was threatening to kill himself.
    another one locked up

  9. #27459
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    Quote Originally Posted by baldrick View Post
    another one locked up
    Why is this in the Trump thread.
    World news or 2020 election I would have thought.

  10. #27460
    Thailand Expat raycarey's Avatar
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    Quote Originally Posted by Cujo View Post
    I would have thought.
    nobody cares what you think.

  11. #27461
    Thailand Expat raycarey's Avatar
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    i read this morning that if trump had followed precedent and the norms established by past presidents and liquidated his interest any assets that could cause of a conflict of interest (essentially his hotels), he would have saved himself losing hundreds of millions of dollars.

    that's a shame.

  12. #27462
    Thailand Expat David48atTD's Avatar
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    Quote Originally Posted by raycarey View Post
    nobody cares what you think.
    raycarey ... nobody cares what you think

    Last edited by David48atTD; 28-09-2020 at 02:54 PM.

  13. #27463
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    Trump has filed Chapter 11 bankruptcy for his companies six times.

    Three of the casino bankruptcies came during the recession of the early 1990s and the Gulf War, both of which contributed to hard times in Atlantic City, New Jersey's gambling facilities.


    He also entered a Manhattan hotel and two casino holding companies into bankruptcy.

    Donald Trump Business Bankruptcies - List and Reasons
    Someone is sitting in the shade today because someone planted a tree a long time ago ...


  14. #27464
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by raycarey View Post
    nobody cares what you think.
    Quote Originally Posted by David48atTD View Post
    raycarey ... nobody cares what you think

  15. #27465
    Thailand Expat David48atTD's Avatar
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    ^ it's a visual

    President Donald Trump-screenshot_2020-09-28-president-donald-trump

  16. #27466
    Excommunicated baldrick's Avatar
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    Quote Originally Posted by Cujo View Post
    Why is this in the Trump thread.
    World news or 2020 election I would have thought.
    as you are a mod , you can move it where ever you like

  17. #27467
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    I like this... Sham what a good way to describe the last 3.5 years.

    Tax bombshell reveals Trump's image is a sham

    Donald Trump's image revealed as a sham after tax bombshell - CNNPolitics

  18. #27468
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    Quote Originally Posted by aging one View Post
    Tax bombshell reveals Trump's image is a sham
    it's always been that way with trump...even before he got into politics.

    he's a conman/showman who doesn't give a shit about anybody but himself (and his oldest daughter).

    if there's any justice, he'll die in jail.

  19. #27469
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by raycarey View Post
    it's always been that way with trump...even before he got into politics.

    he's a conman/showman who doesn't give a shit about anybody but himself (and his oldest daughter).

    if there's any justice, he'll die in jail.
    That's why they want his banking data.

    If he inflated his worth to get bigger loans, and deflated it to get lower taxes, he's a sitting duck.

  20. #27470
    I am not a cat
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    Him paying either nothing or 750 dollars only per year is not going to sit well with a great many people. This time he may not be teflon.

  21. #27471
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    Quote Originally Posted by nidhogg View Post
    Him paying either nothing or 750 dollars only per year is not going to sit well with a great many people. This time he may not be teflon.


    I wonder if there's a person on the planet who hasn't already made up his mind about the upcoming election?

  22. #27472
    Thailand Expat David48atTD's Avatar
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    Quote Originally Posted by cisco999 View Post
    I wonder if there's a person on the planet who hasn't already made up his mind about the upcoming election?
    Interesting point.

    It was a news article I saw, so no reference but, a week out from the last election, about 15% were undecided, and this time closer to 7% ... making the Polls closer to the eventual outcome.

  23. #27473
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by nidhogg View Post
    Him paying either nothing or 750 dollars only per year is not going to sit well with a great many people. This time he may not be teflon.
    You'd think so but per the CNN article:

    Yet given Trump's strong emotional and tribal connection to his followers, his success in constructing alternative political realities while discrediting journalists, and the propaganda from conservative media, the October-surprise style bombshell may have less immediate political impact than might be expected.
    And right on cue the echo-chamber are pushing a bogus story about congresswoman Omar to distract and it's being jumped on by pro-Trumpists.

    These people just flat-out ignore any facts they don't like.

  24. #27474
    Thailand Expat tomcat's Avatar
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    President Donald Trump-ei_r5ynxcaabo8n-jpg

  25. #27475
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    fake taxes

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