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Thread: Long-concealed records show trump’s chronic losses and years of tax avoidance

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    carolina73's Avatar Senior Member
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    Quote Originally Posted by skepticalmike View Post
    I know that real estate owners, especially those with risky assets like hotels and golf resorts, often have many years of income losses. I knew that before I read the article and posted my comments.

    What stands out is the amount of losses and the numbers of years of losses. Smart investors don't take on the risks that Donald Trump has taken on during his career. He has engaged in unethical

    conduct with many of his businesses like Trump University and condominiums licensing the Trump name. Both Jared Kushner and Ivanka nearly faced prosecution for falsely overstating the occupancy

    of one of their condominiums. The NY Times article does not come close to proving that any tax fraud actually occurred but there is evidence of shady behavior like overstating consulting fees and

    a 750,000 dollar consulting fee charged to Ivanka who was an employee at the time. The article points out conflicts of interest and how Trump could be compromised if he is in desperate need of

    cash from a foreign country. The NY Times wrote a lengthy piece about potential tax fraud by Donald Trump and some of his family to avoid inheritance taxes - they are accused of undervaluing assets

    in order to reduce the tax burden. Michael Cohen has stated that Trump did overstate the value of properties when applying for a loan and understating their values when paying taxes. He is being

    investigated for that. Hardly any banks in the world will do business with him. He may also be involved in laundering money of Russian oligarchs.



    This is from a conservative, financial columnist at Yahoo News, Rick Newman, "Trump World is Imploding"

    There’s also an unstated revelation in the Times expose: Somebody close to Trump turned on him, leaking financial information that could be both politically damaging and legally treacherous. The Times isn’t saying where it got the detailed information on nearly 20 years of Trump tax returns, and isn’t even releasing the documents, to protect the source. But it seems obvious that a Trump insider is trying to damage him, flouting Trump’s famous demand for loyalty from anybody who works with him.
    Unethical to take tax breaks? You don't take your standard deduction? A mortgage deduction if you have one.

    Not sure what code of ethics you refer to.

    What is not ethical is the NYTimes putting out financial information to the public on an individual. Me and my partner just run a small manufacturing business but we have to file personal income in multiple states. We could never do our own taxes even though I know exactly the impact of anything we do on the business pre-tax. We have a long depreciation schedule list that insisted we depreciate some asetts but not others depending on whose stimulus package was in place or for arbitrary numbers of years that do not really represent the life of the asset but keep the IRS of our back.
    My tax accounting looks nothing like the business financial data that we use to predict cash flows and financial health. That is all the IRS and governments doing.
    If I gave them to anyone that is not a tax professional then they would not know what the hell they are looking at. They would wonder how I pay tax on income I really did not make that year in one year and don't in other years. The IRS forces us to do that. We have three companies, real estate, manufacturing and a holding company even though we operate a single operation for legal protections and tax reasons.

    Trump has about 110 or so business that are international and domestic operating in different states under different rules.
    They exist legally and ethically to protect the organization and family from predators and government.

    If you want to see bad ethics then go to your state capital or D.C.

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    Quote Originally Posted by Calypso Jones View Post
    Total Dud.
    https://pjmedia.com/vodkapundit/2020...t-what-n974892

    Not only did President Trump pay taxes theres nothing on Russia.

    This is so pathetic. Last time it was this pathetic was with Maddow. The Left ends up screwing themselves and that's fine. Keep it up. It's just one would think they'd learn by now. LOLOLOL
    Cmon man.....at least we get to see these leftists get all giddy and emotional over their own hot air. Its comedy gold.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    If using the system to legally pay as little as possible in taxes is wrong them perhaps teleprompter Joe could have done something about it during his 47 years in office.





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    So, what have we actually learned? Trump did pay taxes, no Russia and he has a great accountant.

    Holy bombshell, Batman.





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    Quote Originally Posted by The Booman View Post
    So, what have we actually learned? Trump did pay taxes, no Russia and he has a great accountant.

    Holy bombshell, Batman.
    2 things.

    1. That the Lame Stream Media is coordinated with the Democrats on talking points.
    2. That the Lame Stream Media is all upset that the Demos nor they themselves can stop Trump's SCOTUS pick from being confirmed.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Quote Originally Posted by Bo-4 View Post
    Mueller F'd up his report and Dems F'd up their impeachment.

    Any more questions?

    https://time.com/5894013/andrew-weis...ng-trump-book/
    they had over three years to "get" Trump. Yet nothing has come of it.
    The Durham Report actually shows the misdeeds were committed by Clapper and Co.
    For waltky: http://quakes.globalincidentmap.com/
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    Quote Originally Posted by Peter1469 View Post
    You're making $#@! up. Were that the case the IRS would have initiated a criminal trial. Instead they are in litigation or negotiations over whether $73M of refunds were properly paid out.
    Nope. Not making anything up. They're going to get their $73 million back eventually. But they're now going to find out about the other tax evasion schemes that they previously ignored or weren't aware of .

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    Quote Originally Posted by stjames1_53 View Post
    they had over three years to "get" Trump. Yet nothing has come of it.
    The Durham Report actually shows the misdeeds were committed by Clapper and Co.

    Oh, it's way better than that! The donks sold the Crimea to Russia for $3.5 million laundered thru crackhead biden via the Moscow mayor's wife.


    (I wish I could get that much prime land at such a discount!)
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    LOL. We've gone from avoidance to evasion.

    This is fun, this is a fun time.





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    Quote Originally Posted by Bo-4 View Post
    Ya lost me at "no corporate taxes".
    Why?
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.


    I pledge allegiance to the Constitution as written and understood by this nation's founders, and to the Republic it created, an indivisible union of sovereign States, with liberty and justice for all.

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