Donald Trump 2020

[Neonmoon 38129]

Weird. The Russian pageant was the only one to make money in 20 years

Quote

The committee interviewed a top Miss Universe executive, Paula Shugart, who said the Agalarovs offered to underwrite the event; their family business, Crocus Group, paid a $6 million licensing fee and another $6 million in expenses. But while the pageant proved to be a financial loss for the Agalarovs — they recouped only $2 million — Ms. Shugart told investigators that it was “one of the most lucrative deals” the Miss Universe organization ever made, according to the report.

That is borne out by the tax records. They show that in 2013, the pageant reported $31.6 million in gross receipts — the highest since at least the 1990s — allowing Mr. Trump and his co-owner, NBC, to split profits of $4.7 million. By comparison, Mr. Trump and NBC shared losses of $2 million from the pageant the year before the Moscow event, and $3.8 million from the one the year after.

 

[Francisco 2.0 32393]

4 minutes ago, horncyclist said:

Trumpers: "well, that's just how smart he is, getting out of paying taxes." Fuck the military. Fuck paying taxes. Maga!

Oh, it's not gonna move the needle with all of the 40%.  But maybe .5 of 1 percent of those folks will see that $750 figure and start to think.

Maybe.

 

 

 

 

[Neonmoon 38129]

He falsely claimed 700 million in losses in 2009 and got a 71 million check from the tax payers!!

Quote

The dispute may center on a single claim that jumps off the page of Mr. Trump’s 2009 tax return: a declaration of more than $700 million in business losses that he had not been allowed to use in prior years. Unleashing that giant tax-avoidance coupon enabled him to receive some or all of his refund.

The material obtained by The Times does not identify the business or businesses that generated those losses. But the losses were a kind that can be claimed only when partners give up their interest in a business. And in 2009, Mr. Trump parted ways with a giant money loser: his long-failing Atlantic City casinos.

 

Mr. Trump announced in 2009 that he was abandoning his stake in his Atlantic City casino business. Mark Makela for The New York Times

After Mr. Trump’s bondholders rebuffed his offer to buy them out, and with a third round of bankruptcy only a week away, Mr. Trump announced in February 2009 that he was quitting the board of directors.

“If I’m not going to run it, I don’t want to be involved in it,” he told The Associated Press. “I’m one of the largest developers in the world. I have a lot of cash and plenty of places I can go.”

The same day, he notified the Securities and Exchange Commission that he had “determined that his partnership interests are worthless and lack potential to regain value” and was “hereby abandoning” his stake.

The language was crucial. Mr. Trump was using the precise wording of I.R.S. rules governing the most beneficial, and perhaps aggressive, method for business owners to avoid taxes when separating from a business.

A partner who walks away from a business with nothing — what tax laws refer to as abandonment — can suddenly declare all the losses on the business that could not be used in prior years. But there are a few catches, including this: Abandonment is essentially an all-or-nothing proposition. If the I.R.S. learns that the owner received anything of value, the allowable losses are reduced to just $3,000 a year.

And Mr. Trump does appear to have received something. When the casino bankruptcy concluded, he got 5 percent of the stock in the new company. The materials reviewed by The Times do not make clear whether Mr. Trump’s refund application reflected his public declaration of abandonment. If it did, that 5 percent could place his entire refund in question.

If the auditors ultimately disallow Mr. Trump’s $72.9 million federal refund, he will be forced to return that money with interest, and possibly penalties, a total that could exceed $100 million. He could also be ordered to return the state and local refunds based on the same claims.

 

[Biff Tannen 45685]

1 hour ago, Neonmoon said:

Weird. The Russian pageant was the only one to make money in 20 years

 

[4th&Five 41552]

 

[Radical Larry 28618]

[JimmyJames 12271]

36 minutes ago, Brisketexan said:

Maybe. But what it definitely is is an utter and complete failure of a businessman. Leveraged out the ass, and incapable of turning a profit. He’s the “$30k millionaire” turned up to 11,000. He’s all about the appearances and trappings of wealth... but has a massively negative net worth.

He’s both completely broke AND committing tax fraud. It takes a trump level of idiocy to accomplish both of those at the same time. But that’s our president! 

[Nice Guy Eddie 13512]

Hopefully Biden will hammer him as a failure in business. That will get under Trump's skin like nothing else.

I imagine Trump's future tax plan is to die and leave the problem to his kids. If I was Melania, I would be demanding money in my name today if she hasn't already.

[Bozo_Casanova 26460]

4 minutes ago, Radical Larry said:

 

He’s saying what we’re all thinking 

[Aqua Buddha 14596]

Everyone knows the reason for the Florida move is the impending bankruptcy after he leaves office.  Florida has more favorable laws.

[horncyclist 1387]

1 minute ago, Bozo_Casanova said:

He’s saying what we’re all thinking 

Im going to believe that's when the tax story dropped.

[4th&Five 41552]

I’m kinda surprised he could come up with the $750. Probably had to rummage through the couch cushions at the WH. 

[bernorange 8361]

SNL had a skit years ago about an "all drugs Olympics".  I'd like to see an "all drugs POTUS debate".  If the candidates take whatever horse tranquilizers Rick Perry took during those primary debates ("oops"), it should be must see TV.

[The Ace of Aces 5183]

He’s a criminal AND horrible businessman. News at 11, which all the deplorables will write off and ignore. 

[WhatTheBuck 28781]

51 minutes ago, Brisketexan said:

Maybe. But what it definitely is is an utter and complete failure of a businessman. Leveraged out the ass, and incapable of turning a profit. He’s the “$30k millionaire” turned up to 11,000. He’s all about the appearances and trappings of wealth... but has a massively negative net worth.

Some people would probably argue that lying and cheating is exactly what a successful businessman does. Donald Trump is definitely one of those people. 

Those are the sort of people who call the rest of us who are trying to be good, decent people and live by a code of ethics "suckers." Those are the mobsters. Those are the Tony Sopranos and Johnny Sacks of the world. 

[ChuckNorrisActionJeans 2674]

LAW AND ORDER

[Hornius Emeritus 12462]

56 minutes ago, Biff Tannen said:

Shouldn't he be living in Dallas then?

Plano

[Goredho 17406]

And to think, cheating on his taxes is only like the 54663rd worst thing he’s done over the last 4 years.

[Jive Turkey 12598]

 

[immamac 42850]

So, when will people start finally feeling stupid after watching these pressers especially the 2020 ones? Do we think it'll be like 2-3 years or not till like 20 years down the road? 

[Biff Tannen 45685]

1 hour ago, Jive Turkey said:

 

[4th&Five 41552]

 

[henrygandorf 29191]

56 minutes ago, HenryJames said:

 

please, some reporter or chris wallace:

"in 2018, you publicly reported $434mm in gains.  yet your tax records show $47mm in losses.  which is it, please?"

any smart person aware of self-preservation would admit that he inflated the gains in an attempt to continue to puff himself up for the public, and would admit that the losses are correct.  but trump won't.  he'll say the gains are correct and admit to tax fraud.  i mean, he won't, he'll call the numbers bullshit and filibuster for 12 minutes, and also nobody will ask him that, but somebody fucking should.  because he would absolutely inadvertently admit to a felony. 

[Pig Bellmont 8718]

3 minutes ago, henrygandorf said:

please, some reporter or chris wallace:

"in 2018, you publicly reported $434mm in gains.  yet your tax records show $47mm in losses.  which is it, please?"

any smart person aware of self-preservation would admit that he inflated the gains in an attempt to continue to puff himself up for the public, and would admit that the losses are correct.  but trump won't.  he'll say the gains are correct and admit to tax fraud.  i mean, he won't, he'll call the numbers bullshit and filibuster for 12 minutes, and also nobody will ask him that, but somebody fucking should.  because he would absolutely inadvertently admit to a felony. 

He ALWAYS says the crime part out loud

[tantric superman 4667]

3 minutes ago, henrygandorf said:

"in 2018, you publicly reported $434mm in gains.  yet your tax records show $47mm in losses.  which is it, please?"

The way I would ask it.

"In 2018, you publicly reported $434mm in gains.  Yet your tax records show $47mm in losses.  Which makes you a criminal, doesn't it?  Never mind, it's not a question."

[Pig Bellmont 8718]

54 minutes ago, Neonmoon said:

He falsely claimed 700 million in losses in 2009 and got a 71 million check from the tax payers!!

 

I really hope he loses the election and ends up penniless and in prison

[Francisco 2.0 32393]

 

 

[Mole 4333]

18 minutes ago, Goredho said:

And to think, cheating on his taxes is only like the 54663rd worst thing he’s done over the last 4 years.

Yes, but this one hits differently. We all pay taxes. Most of us don’t have personal frame of reference for all the other terrible stuff. But we all get taxes. $750? Seriously? 

[Pig Bellmont 8718]

44 minutes ago, Aqua Buddha said:

Everyone knows the reason for the Florida move is the impending bankruptcy after he leaves office.  Florida has more favorable laws.

Except he’s legally precluded from claiming residency there. He’s using Maralago, so he’s already committed perjury and also prob committing voter fraud

[Mo Horn 8841]

 

[Francisco 2.0 32393]

4 minutes ago, Pig Bellmont said:

Except he’s legally precluded from claiming residency there. He’s using Maralago, so he’s already committed perjury and also prob committing voter fraud

Shit, by the end of the year, DeSantis and the Florida legislature will have some kind of bill drawn up that allows Trump to use Mar A Lago as a residence in spite of the local ordinance that prevents it from being a home.

 

Edited September 27, 2020 by Francisco 2.0

[4th&Five 41552]

He’s just like us!

 

[MC Fresh Breath 4074]

2 hours ago, Biff Tannen said:

This is such fucking horseshit.  Our tax system is so fucking stupid.

I know, right?  Goddamned welfare queens.

[Dnaguy 11964]

35 minutes ago, Pig Bellmont said:

He ALWAYS says the crime part out loud

Yeah but when he does that ... he’s just joking?

Am i doing it right?

[Bozo_Casanova 26460]

37 minutes ago, Mo Horn said:

 

America First!

[Gil Bang 25957]

Tuesday at the debate, after Trump says the tax story is fake news, etc, Biden needs to hand him a 4506-T and a sharpie.  

Also, I've emailed the Biden campaign.  Trump is demanding a drug test?  Biden should demand a weigh-in and height measurement.  Barefoot.  No elevator shoes. 

[Horn Under a Bad Sign 20400]

He cheats on his taxes just like us!

[threesheets 1673]

2 hours ago, Biff Tannen said:

Shouldn't he be living in Dallas then?

He should come on down.

[TexEx15 17528]

THERE IS ALWAYS A TWEET.

 

[Horn Under a Bad Sign 20400]

1 minute ago, TexEx15 said:

THERE IS ALWAYS A TWEET.

 

Mind you, the New York Times report says that he didn't pay income tax in 10 of the 15 years preceding 2016.  So when he wrote this, odds are he didn't pay any income tax that year.

And the "crippling government debt"  comment is just so ironic, given that the deficit this year will be in the neighborhood of 4-5 trillion dollars and given that the deficit that Obama handed Trump has gone up every year of Trump's presidency.

[Francisco 2.0 32393]

 

 

[52-80 19158]

39 minutes ago, 4th&Five said:

He’s just like us!

 

That man overpaid.

[Horn Under a Bad Sign 20400]

 

[UncleCharlie 334]

I really hope he loses the election and ends up penniless and in prison

I would prefer he default on the loans and Russian gangsters take him out "Training Day" style.

Sent from my SM-G973U using Tapatalk

[ChuckNorrisActionJeans 2674]

12 minutes ago, TexEx15 said:

THERE IS ALWAYS A TWEET.

 

No but you see, that is directed at all those low-income lowlifes who are fleecing the system. Not the rightfully privileged who are smart when they avoid paying into the system.

[Bullneck 19090]

1 hour ago, Francisco 2.0 said:

 

 

Google says a US president makes $400,000.  

[TwiceHorn 31471]

 

2 hours ago, Aqua Buddha said:

Everyone knows the reason for the Florida move is the impending bankruptcy after he leaves office.  Florida has more favorable laws.

It does, but bankruptcy law largely prevents using favorable state exemptions for those who recently domiciled themselves or acquired ostensibly exempt property, i.e. a homestead.

But, he isn't filing any kind of bankruptcy where Florida's exemption laws are going to play any part.  It will be a "personal" Chapter 11 reorganization.  If he's that far underwater, maybe it could be converted by creditors or the US Trustee into a 7 liquidation.  That would be highly amusing.

[Bama Chick 28596]

He’s just like us!
 

Damn. Bleached muskrat pelt toupees are pricey.

[TwiceHorn 31471]

1 hour ago, henrygandorf said:

please, some reporter or chris wallace:

"in 2018, you publicly reported $434mm in gains.  yet your tax records show $47mm in losses.  which is it, please?"

any smart person aware of self-preservation would admit that he inflated the gains in an attempt to continue to puff himself up for the public, and would admit that the losses are correct.  but trump won't.  he'll say the gains are correct and admit to tax fraud.  i mean, he won't, he'll call the numbers bullshit and filibuster for 12 minutes, and also nobody will ask him that, but somebody fucking should.  because he would absolutely inadvertently admit to a felony. 

But see the chucklefucks think that's brilliant.  They think he actually makes shitpiles of money and is so smart that he pays annually what they pay in 3-4 paychecks in taxes.

And they also believe that "smart wealthy" fuckers like him deserve a tax cut.

[Red Five 40858]

I don't know guys, maybe we shouldn't have made this stupid, lying, broke, ignorant, cheating, immoral, hateful, racist, criminal, carnival barking conman president. I know hindsight is 20/20, but maybe we should have seen the signs.