Originally posted by LiconaFan97
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Trump's taxes leaked
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Originally posted by LiconaFan97 View Posthttps://www.nytimes.com/interactive/...ump-taxes.html
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.
Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.
He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
“The Apprentice,” along with the licensing and endorsement deals that flowed from his expanding celebrity, brought Mr. Trump a total of $427.4 million, The Times’s analysis of the records found. He invested much of that in a collection of businesses, mostly golf courses, that in the years since have steadily devoured cash — much as the money he secretly received from his father financed a spree of quixotic overspending that led to his collapse in the early 1990s.
In fact, those public filings offer a distorted picture of his financial state, since they simply report revenue, not profit. In 2018, for example, Mr. Trump announced in his disclosure that he had made at least $434.9 million. The tax records deliver a very different portrait of his bottom line: $47.4 million in losses.
Tax records do not have the specificity to evaluate the legitimacy of every business expense Mr. Trump claims to reduce his taxable income — for instance, without any explanation in his returns, the general and administrative expenses at his Bedminster golf club in New Jersey increased fivefold from 2016 to 2017. And he has previously bragged that his ability to get by without paying taxes “makes me smart,” as he said in 2016. But the returns, by his own account, undercut his claims of financial acumen, showing that he is simply pouring more money into many businesses than he is taking out.
Most of Mr. 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.
His revenue from “The Apprentice” and from licensing deals is drying up, and several years ago he sold nearly all the stocks that now might have helped him plug holes in his struggling properties.
The tax audit looms.
And within the next four years, more than $300 million in loans — obligations for which he is personally responsible — will come due.
I know I know "the failing New York Times." If this turns out to be bogus no one will lose more respect for them than me.
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Originally posted by Mountain Man View PostAre you certain? Well then, I'm sure the IRS will have held him accountable for such obviously illegal deductions. Have they?
As to your Biden post, it can't both be the case that Biden is a "cheat" for taking advantage of the tax system and Trump is "smart" for doing so. Let me know whether they're both cheats or both smart and we can go from there.
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Originally posted by LiconaFan97 View Post
It is obviously illegal.
Originally posted by LiconaFan97 View Post
As to your Biden post, it can't both be the case that Biden is a "cheat" for taking advantage of the tax system and Trump is "smart" for doing so. Let me know whether they're both cheats or both smart and we can go from there.Last edited by Mountain Man; 09-28-2020, 01:21 PM.Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
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Originally posted by Mountain Man View PostIs it? You sure? Can you cite the tax code or legal precedent to support this assertion?
I never said Biden is a cheat, merely pointing out the hypocrisy of the left who is only taking issue with Trump doing it.
Trump is a tax cheat, so no hypocrisy to point that out. But if you want to talk hypocrisy take a look at Trump's old tweets criticizing Obama for paying only 20% tax rate.
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Originally posted by Starlight View PostSo you don't think he lied to the IRD about having massive business losses that meant he didn't need to pay tax? Do you then think he lied about his business successes to the public? It can't really be both. Either on the whole his businesses made money, meaning he should have paid taxes, or they on the whole lost money, meaning he wasn't good at business.
There doesn't appear to be any evidence at all that this actually occurred. We have Trump saying he donated his salary, multiple times. We do not appear to have any receipts whatsoever of the government receiving this money. He pretends to donate his salary to specific government departments for specific issues, however what actually happens to donated monies is they go into a generalized fund in Treasury, not to specific items (remember the Constitution gives Congress the Power of the Purse, so Congress, not random citizens making donations, has to decide what money goes to what parts of government!), so at least that part of the story is a lie (or lack of knowledge) on Trump's part. Treasury has failed to respond to requests for information about whether Trump's donations were received by them. If Trump had indeed donated the money it seems unlikely his own government officials would block the release of an acknowledgement that the money from him had been received, so it seems most likely that Trump never donated any money and that his government officials are then hiding this fact for him.
Trump has a long history of lying about donating money. The "charitable" foundation that bore his name, the Trump Foundation, was ordered shut last year by a judge on the grounds it was a scam and didn't actually donate money to charity and Trump was fined $2m and banned from running charities. There seems no reason to believe his latest lies about donating his salary to charity, as he's never been truthful about charity money in the past.Watch your links! http://www.theologyweb.com/campus/fa...corumetiquette
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Originally posted by LiconaFan97 View Post
Hair care is obviously a personal expense for a real estate developer.Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
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Originally posted by Mountain Man View PostTrump was also a TV personality for 14-years on The Apprentice. Hair care that is directly related to a performer's job, for example work done by a hairstylist specifically for the purpose of appearing on camera, can be written off as a business expense.
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Originally posted by CivilDiscourse View Post
Maybe, maybe not. You are heaping speculation on top of speculation to reach your pre-determined conclusion.
Kathy Santiago ... makeup artist (87 episodes, 2009-2017) Ruth Fernandez ... makeup artist / key makeup artist (53 episodes, 2008-2012) Christopher Ritchey ... hair stylist / key hair stylist (39 episodes, 2010-2012) Janis Lozano ... makeup artist (31 episodes, 2004) Adele Fass ... makeup artist (20 episodes, 2009-2015) Raymond Rosario ... hair stylist (20 episodes, 2009-2015) Kimmi Hendrix ... key hair stylist (15 episodes, 2011-2013) Joel Mendenhall ... key makeup artist (13 episodes, 2008) Lisa Hayes ... key makeup artist (13 episodes, 2011-2013) Ann-Marie Oliver ... makeup artist (11 episodes, 2010) Tonia Green ... personal makeup: Arnold Schwarzenegger (7 episodes, 2017) Naima Jamal ... personal makeup artist to Lisa Leslie (7 episodes, 2017) Donald Francis ... hair stylist: celebrity (6 episodes, 2008) Johnny Maalouf ... hair stylist: celebrity (6 episodes, 2008) Sharon Sinclair ... makeup artist: Donald Trump / hair stylist: Donald Trump / key hair stylist / key makeup artist (6 episodes, 2008) Alexa Rodulfo ... makeup stylist: Ivanka Trump / makeup stylist: Ms. Trump (2 episodes, 2008) Michael Silva ... hair stylist: celebrity (1 episode, 2008) Justin St. Clair ... celebrity makeup (1 episode, 2008) Stella Kae ... makeup artist (1 episode, 2010) Ashley Pulumbo ... hair stylist (1 episode, 2010) Lacey Redway ... hair stylist (1 episode, 2010) Vanessa Elese ... personal makeup artist (1 episode, 2013) Devin Shayla Morales ... hair stylist (1 episode, 2015) Kimberly Boyenger ... hair stylist (1 episode, 2017)
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Originally posted by LiconaFan97 View Post
You've got to be kidding. Here's the list of makeup credits for the apprentice from IMDB.
Kathy Santiago ... makeup artist (87 episodes, 2009-2017) Ruth Fernandez ... makeup artist / key makeup artist (53 episodes, 2008-2012) Christopher Ritchey ... hair stylist / key hair stylist (39 episodes, 2010-2012) Janis Lozano ... makeup artist (31 episodes, 2004) Adele Fass ... makeup artist (20 episodes, 2009-2015) Raymond Rosario ... hair stylist (20 episodes, 2009-2015) Kimmi Hendrix ... key hair stylist (15 episodes, 2011-2013) Joel Mendenhall ... key makeup artist (13 episodes, 2008) Lisa Hayes ... key makeup artist (13 episodes, 2011-2013) Ann-Marie Oliver ... makeup artist (11 episodes, 2010) Tonia Green ... personal makeup: Arnold Schwarzenegger (7 episodes, 2017) Naima Jamal ... personal makeup artist to Lisa Leslie (7 episodes, 2017) Donald Francis ... hair stylist: celebrity (6 episodes, 2008) Johnny Maalouf ... hair stylist: celebrity (6 episodes, 2008) Sharon Sinclair ... makeup artist: Donald Trump / hair stylist: Donald Trump / key hair stylist / key makeup artist (6 episodes, 2008) Alexa Rodulfo ... makeup stylist: Ivanka Trump / makeup stylist: Ms. Trump (2 episodes, 2008) Michael Silva ... hair stylist: celebrity (1 episode, 2008) Justin St. Clair ... celebrity makeup (1 episode, 2008) Stella Kae ... makeup artist (1 episode, 2010) Ashley Pulumbo ... hair stylist (1 episode, 2010) Lacey Redway ... hair stylist (1 episode, 2010) Vanessa Elese ... personal makeup artist (1 episode, 2013) Devin Shayla Morales ... hair stylist (1 episode, 2015) Kimberly Boyenger ... hair stylist (1 episode, 2017)
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Originally posted by shunyadragon View Post
They are his tax returns, a legal reliable source for the accusations. The fact that his son is now forced to testify in the tax case in New York against Trump is legal legitimate issue.
. . . start a thread and deal with Biden.
The Senate Committee has already turned over it's report on Joey to the Justice Department for criminal referral. Bad Joey, bad.
All I gotta do is wait. So does Hunter.
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Originally posted by LiconaFan97 View Post
You've got to be kidding.Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
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