5 Takeaways From 10 Years of Trump Tax Figures

[Peter1469]

5 Takeaways From 10 Years of Trump Tax Figures (https://www.msn.com/en-us/news/us/5-takeaways-from-10-years-of-trump-tax-figures/ar-AAB2BDR)

Someone who legally could access Trump's taxes, provided the NYTs with 10 years of his tax transcripts. 1985-1994. I wonder if his ex-wife released them. She could legally do it as she would have also signed the tax forms.


Since the 2016 presidential campaign, journalists at The New York Times and elsewhere have been trying to piece together Donald J. Trump’s complex and concealed finances. Now The Times has obtained 10 years of previously unrevealed figures from the president’s federal income tax returns. The tax numbers, for the years 1985 through 1994, paint a far bleaker picture of Mr. Trump’s deal-making abilities and financial condition than the one he has long put forth.

Mr. Trump became an unprecedented president — a businessman and reality television star with no government experience — and he broke with decades-old presidential tradition by refusing to release his income tax returns. Questions about what secrets they may hold — about his recent business dealings and the sources of his financing — only intensified with the Russia inquiry, and the Trump administration is now locked in a battle with House Democrats demanding the last six years of the president’s returns. On Monday, the Treasury secretary, Steven Mnuchin, said he would not give a House committee access to the returns.

Read the rest at the link.

[stjames1_53]

Mnuchin is protected by law and so are Trumps current returns. Those demanding his current returns will be criminals if they break the law and seize them.

[alexa]

Mnuchin is protected by law and so are Trumps current returns. Those demanding his current returns will be criminals if they break the law and seize them.
Do you actually believe that?

Put down the Kool-Aid, s0n.

[stjames1_53]

It is the law. No need for insults. Your tax records are no more available to anyone than Trump's returns. I do not have Right to them unless a crime has been committed. Since it is a fishing expedition, they wont get them.

[Lummy]

So someone with legal access to his tax returns can turn around and publish them to the world? Legal access gives them authority to do that?

[Don29palms]

Do you actually believe that?

Put down the Kool-Aid, s0n.

Step in to the real world troll.

[alexa]

It is the law. No need for insults. Your tax records are no more available to anyone than Trump's returns. I do not have Right to them unless a crime has been committed. Since it is a fishing expedition, they wont get them.

(f) Disclosure to Committees of Congress (1) Committee on Ways and Means, Committee on Finance, and Joint Committee on Taxation Upon written request from the chairman of the Committee on Ways and Means of the House of Representatives, the chairman of the Committee on Finance of the Senate, or the chairman of the Joint Committee on Taxation, the Secretary (https://www.law.cornell.edu/uscode/text/26/6103)shall furnish such committee with any return (https://www.law.cornell.edu/uscode/text/26/6103)or return information (https://www.law.cornell.edu/uscode/text/26/6103)specified in such request, except that any return (https://www.law.cornell.edu/uscode/text/26/6103)or return information (https://www.law.cornell.edu/uscode/text/26/6103)which can be associated with, or otherwise identify, directly or indirectly, a particular taxpayer (https://www.law.cornell.edu/uscode/text/26/6103)shall be furnished to such committee only when sitting in closed executive session unless such taxpayer (https://www.law.cornell.edu/uscode/text/26/6103)otherwise consents in writing to such disclosure. (https://www.law.cornell.edu/uscode/text/26/6103)



https://www.law.cornell.edu/uscode/text/26/6103

You have no right to them under any conditions.

The law says nothing about a crime or allegations of a crime being a prerequisite to handing over the returns.

Your Dear Leader will fight it and delay it, but eventually, the head of Munchkinville will have to hand them over.

[alexa]

Step in to the real world troll.
Suce-moi, houseplant.

[nathanbforrest45]

Why is it one mentally unstable poster must turn every thread into a sewer of insults with no redeeming value?

[Lummy]

Why is it one mentally unstable poster must turn every thread into a sewer of insults with no redeeming value?

Same old same old. She eateth from the Tree of Knowledge.

[Lummy]

By the way, because the NYT published it, have they not committed a criminal act? Do they not expose their readers to criminal complicity by reading that story?

[MMC]

5 Takeaways From 10 Years of Trump Tax Figures (https://www.msn.com/en-us/news/us/5-takeaways-from-10-years-of-trump-tax-figures/ar-AAB2BDR)

Someone who legally could access Trump's taxes, provided the NYTs with 10 years of his tax transcripts. 1985-1994. I wonder if his ex-wife released them. She could legally do it as she would have also signed the tax forms.



Read the rest at the link.

What.....another leftist leaker? Say it isn't so.

[Common Sense]

Trump seems pretty desperate to hide his returns. While that proves nothing, it does make people wonder why.

[stjames1_53]

What.....another leftist leaker? Say it isn't so.

It could have been his ex-wife. Her signature on a joint return makes it hers as well. If not, someone has broken the law

[stjames1_53]

Trump seems pretty desperate to hide his returns. While that proves nothing, it does make people wonder why.
I am no more curious about his return than yours.

[Common Sense]

I am no more curious about his return than yours.

Of course...that's how bucket carriers roll.

[stjames1_53]

Of course...that's how bucket carriers roll.

so..........I'm carrying yours, too................

[Don29palms]

Suce-moi, houseplant.

Even if I was a house plant my IQ would still be 10 times what yours is troll. Who ties your shoes for you or do you even wear shoes? I know your not smart enough to tie your own shoes.

[alexa]

By the way, because the NYT published it, have they not committed a criminal act? Do they not expose their readers to criminal complicity by reading that story?

No and no.

[alexa]

Even if I was a house plant my IQ would still be 10 times what yours is troll. Who ties your shoes for you or do you even wear shoes? I know your not smart enough to tie your own shoes.

You're, not your, my dear ficus.

What's up with your foot fetish, btw?

[Tahuyaman]

Trump seems pretty desperate to hide his returns. While that proves nothing, it does make people wonder why.

As long as the IRS hasn't gone after him for tax evasion, I have no curiosity over his financial situation.

[hanger4]

https://www.law.cornell.edu/uscode/text/26/6103You have no right to them under any conditions.The law says nothing about a crime or allegations of a crime being a prerequisite to handing over the returns.Your Dear Leader will fight it and delay it, but eventually, the head of Munchkinville will have to hand them over.The SCOTUS haa ruled in a similar case or cases the House or Senate needs a "legitimate legislative purpose". This will go to the SCOTUS for them to determine if there is a "legitimate legislative purpose".

[hanger4]

It could have been his ex-wife. Her signature on a joint return makes it hers as well. If not, someone has broken the lawIf it's a joint return it would require both signatures to release.

[MMC]

It could have been his ex-wife. Her signature on a joint return makes it hers as well. If not, someone has broken the law

I doubt its his ex.....this was done by a Leftist. Just another Deviate validating what the leftness is.

[gamewell45]

I doubt its his ex.....this was done by a Leftist. Just another Deviate validating what the leftness is.
Not to worry; it shows that Trump legally filed his returns with the IRS. The only thing that stands out is that he made some bad business decisions to the tune of close to a billion dollars. No need to sweat over it.

[Captdon]

It is the law. No need for insults. Your tax records are no more available to anyone than Trump's returns. I do not have Right to them unless a crime has been committed. Since it is a fishing expedition, they wont get them.

No, Alexa lives on insults. It's all she has.

[Captdon]

Why is it one mentally unstable poster must turn every thread into a sewer of insults with no redeeming value?

How she is allowed to is the better question.

[Captdon]

Trump seems pretty desperate to hide his returns. While that proves nothing, it does make people wonder why.

Why? They are none of your business.

[Captdon]

Of course...that's how bucket carriers roll.

Why would anyone want to see your tax returns? You're full blown goofy.

[Captdon]

You're, not your, my dear ficus.

What's up with your foot fetish, btw?

I know my IQ has three numbers and yours doesn't. The proof is your lack of ability to write an intelligent post. You rely on trolling.

[Captdon]

Not to worry; it shows that Trump legally filed his returns with the IRS. The only thing that stands out is that he made some bad business decisions to the tune of close to a billion dollars. No need to sweat over it.

Do you know what depreciation does to your taxes? I lost money, on paper, for years when I bought a duplex to rent. I lost no money cash wise.

[Tahuyaman]

Not to worry; it shows that Trump legally filed his returns with the IRS. The only thing that stands out is that he made some bad business decisions to the tune of close to a billion dollars. No need to sweat over it.
Yep, over a ten year period he lost a lot of money.

If there was anything relative to business ties in Russia, that would have been part of the story.

[nathanbforrest45]

Trump seems pretty desperate to hide his returns. While that proves nothing, it does make people wonder why.


Post your returns assuming you actually pay taxes and we will take your comments serious.

[nathanbforrest45]

Not to worry; it shows that Trump legally filed his returns with the IRS. The only thing that stands out is that he made some bad business decisions to the tune of close to a billion dollars. No need to sweat over it.
I just heard that in 1991 or 1992 the NYT published an article claiming Trump Enterprises was Dead Dead Dead. He had made too many financial mistakes and would soon be just another footnote. President Donald Trump has been exceptionally successful at proving the MSM totally incompetent when it comes to him.

https://www.msn.com/en-us/news/politics/nyt-tax-papers-suggest-trump-had-dollar1-billion-in-business-losses-over-a-decade/ar-AAB2DTR

[Cotton1]

Mnuchin is protected by law and so are Trumps current returns. Those demanding his current returns will be criminals if they break the law and seize them. fact .


Do you actually believe that?

Put down the Kool-Aid, s0n. Jim Jones sent me a pm telling me to tell you that you get free kool-aid refills. :)




What's up with your foot fetish, btw?

Some women have pretty feet and it's easier to stay emotionally detached if you don't look her in the eye :)

[gamewell45]

Do you know what depreciation does to your taxes? I lost money, on paper, for years when I bought a duplex to rent. I lost no money cash wise.

Your right on the depreciation, but Trump actually had businesses that folded on him such as his casino's, his university, Trump Airlines, etc. The income taxes will show us whatever was claimed by him.

[gamewell45]

Yep, over a ten year period he lost a lot of money.

If there was anything relative to business ties in Russia, that would have been part of the story.

Highly unlikely since the time period referenced is from the mid-1980's to the mid-1990's, however you are correct he did lose a bit of money over a ten year period.

[Tahuyaman]

Highly unlikely since the time period referenced is from the mid-1980's to the mid-1990's, however you are correct he did lose a bit of money over a ten year period.
He also looks to have regained much of or maybe even of those losses. Losing doesn’t seem to be an obstacle he can’t overcome.

[gamewell45]

He also looks to have regained much of or maybe even of those losses. Losing doesn’t seem to be an obstacle he can’t overcome.
It wouldn't surprise me. He seems to always bounce back.

[Peter1469]

So someone with legal access to his tax returns can turn around and publish them to the world? Legal access gives them authority to do that?
It depends.

If it was someone in the IRS- no. Illegal.

If it was an accountant or tax lawyer- no. Illegal and unethical.

If it was his ex-wife, who would have signed the return as true and correct- yes. She could release them.

[Peter1469]

By the way, because the NYT published it, have they not committed a criminal act? Do they not expose their readers to criminal complicity by reading that story?
The press gets a pass so long as they did not steal the documents. If someone else did (and broke the law), and then gave it to the press, the press can publish them.

[Peter1469]

If it's a joint return it would require both signatures to release.
I don't believe that is required.

[Peter1469]

Not to worry; it shows that Trump legally filed his returns with the IRS. The only thing that stands out is that he made some bad business decisions to the tune of close to a billion dollars. No need to sweat over it.

Or he got into enough debt with the banks that the banks couldn't call in the loans without taking an enormous bath. If you owe $100,000 you are a slave to the lender. If you owe $1B, the lender is your slave.

[Cotton1]

Or he got into enough debt with the banks that the banks couldn't call in the loans without taking an enormous bath. If you owe $100,000 you are a slave to the lender. If you owe $1B, the lender is your slave.

Fact

[Peter1469]

Anyway this isn't a surprise. In his intro to the Apprentice he says that he was in extreme financial trouble and got out of it. (Because of his wits, etc.)

[MisterVeritis]

Or he got into enough debt with the banks that the banks couldn't call in the loans without taking an enormous bath. If you owe $100,000 you are a slave to the lender. If you owe $1B, the lender is your slave.
Hence my comment. Mr. Trump is a genius.

[gamewell45]

Or he got into enough debt with the banks that the banks couldn't call in the loans without taking an enormous bath. If you owe $100,000 you are a slave to the lender. If you owe $1B, the lender is your slave.

Good point.

[Dr. Who]

So someone with legal access to his tax returns can turn around and publish them to the world? Legal access gives them authority to do that?
If they were joint tax returns, yes.

[Dr. Who]

Hence my comment. Mr. Trump is a genius.
Not a genius - an operator. A genius wouldn't need to resort to reality TV. See Warren Buffet. Trump's downfall is his inability to believe that anyone knows more than he does. That's the narcissism. The man buys a hammer but still thinks his fist is more powerful when it comes to business ideas and investments. He has street smarts but he's not intellectually smart. He has the gift of the gab and insight into the greedy mind. He looks for the mark's weakness and works on it. That's what makes a good salesman.

[MisterVeritis]

Not a genius - an operator. A genius wouldn't need to resort to reality TV. See Warren Buffet. Trump's downfall is his inability to believe that anyone knows more than he does. That's the narcissism. The man buys a hammer but still thinks his fist is more powerful when it comes to business ideas and investments. He has street smarts but he's not intellectually smart. He has the gift of the gab and insight into the greedy mind. He looks for the mark's weakness and works on it. That's what makes a good salesman.
No. Mr. Trump is a genius.

[Peter1469]

If they were joint tax returns, yes.
To clarify, these were not tax returns. They were tax transcripts. Taxpayers never see their tax transcripts unless they request a copy from the IRS. I didn't even know they existed until I needed my last three years of tax transcripts for a green card application. Anyway, you can request them directly from the IRS on their website (https://www.irs.gov/individuals/get-transcript).

[countryboy]

Trump seems pretty desperate to hide his returns. While that proves nothing, it does make people wonder why.
Your command of the English language appears to be extremely limited.

[gamewell45]

Alexa has been issued an infraction for violation of rule #1,2 & 5


http://thepoliticalforums.com/threads/108978?p=2597612#post2597612

[Collateral Damage]

Hence my comment. Mr. Trump is a genius.
He's not a genius. If he were, the collapse of certain business deals would not have happened.

He is a good business man, knowing how the markets run, how to manipulate the markets in his favor, and how to make a market.

While he has done some positive things for the economy, he is still a slick. That doesn't mean he has done anything illegal mind you, just pushes the edges to make his game.

[MisterVeritis]

Hence my comment. Mr. Trump is a genius.

He's not a genius. If he were, the collapse of certain business deals would not have happened.

He is a good business man, knowing how the markets run, how to manipulate the markets in his favor, and how to make a market.

While he has done some positive things for the economy, he is still a slick. That doesn't mean he has done anything illegal mind you, just pushes the edges to make his game.
We can agree to disagree. Almost no one was able to do what he did. That indicates genius.

[Captdon]

Do you actually believe that?

Put down the Kool-Aid, s0n.

son

[jet57]

Step in to the real world troll.

Nope: not a like: I meant to hit the "report" button.

Now I'm going to report.

[Don29palms]

Nope: not a like: I meant to hit the "report" button.

Now I'm going to report.

And......

[stjames1_53]

Nope: not a like: I meant to hit the "report" button.

Now I'm going to report.

failure, again