Donald Trump 2019

[Hugo Stiglitz 23367]

He’s also clearly abusing his power by having OUR Treasury Department break the law to conceal his taxes from Congress. 

[henrygandorf 29189]

Just now, Hugo Stiglitz said:

He’s also clearly abusing his power by having OUR Treasury Department break the law to conceal his taxes from Congress. 

right.  which may not actually crossover into obstruction, because the "he shall" interpretation is somewhat foggy, but it's not nothing.

[Hugo Stiglitz 23367]

 

[Bama Chick 28596]

right.  which may not actually crossover into obstruction, because the "he shall" interpretation is somewhat foggy, but it's not nothing.

Funny how “shall” is open to interpretation in this case for Trumpkins but it’s an ironclad command in the second amendment.

[zork 629]

43 minutes ago, DefinitelyNotHollywoodColt said:

I went here to educate myself on your fancy Tax Laws:

https://www.irs.gov/publications/p946

Then I decided to not learn anything about it and tell you that YOU ARE FAKE NEWS!

Some relevancy, @Brew could tell you more, but sure you put the value in and then it(turbo tax for instance) devides it into a 27.5 depreciation year for residential and 39 year schedule for commercial depreciation, iirc.    Are you referring to that?  It is not marked to market each year.

BTW,  I have no idea what the depreciation was in the 80's or whatever years were covered by the NYT piece.  

Reducing the income from your rents by the cost of taxes, insurance, expenses is well know by the banks who lend for real estate transactions.  It is known and they do want values for your properties when determining your assets as part of a loan or determining your ability to pay.

Edited May 12, 2019 by zork

[henrygandorf 29189]

Just now, Bama Chick said:

Funny how “shall” is open to interpretation in this case for Trumpkins but it’s an ironclad command in the second amendment.

 

yep.  but here's what's sad - nobody on the gop side has really said "well, shall doesn't mean it's actually a law" because it doesn't matter.  trump and his administration have been breaking laws every day.  one thing has nothing to do with the other, they don't even need to "technicality" their way out of it.  they just stopped caring.

[ChiTownDoc 21141]

1 hour ago, zork said:

Just a footnote to the last 10 or so pages:

You can show business loss in real estate virtually every year while your net worth explodes higher.(and cyclical higher and lower depending on property values)  If you don't sell and continue to pay off your properties, you can get great loans for more business dealings and still show losses(depreciation, interest expense, rehab expense, general expenses offsetting and sometimes eclipsing real income). 

It is tax code incentive to invest in new business, to rehab shit properties into rent bringing ones, etc etc.  

Carrying forward those losses is legal as well.  

Just a different perspective that a couple people were gently alluding to but possibly less explicitly wrt Trump's real estate business markers via tax forms every year being different than his net worth at any given moment.

Yeah except Trump wasn’t hiding profits.  He was literally bankrupting multiple businesses, including casinos for God’s sake.  

[zork 629]

11 minutes ago, ChiTownDoc said:

Yeah except Trump wasn’t hiding profits.  He was literally bankrupting multiple businesses, including casinos for God’s sake.  

Net worth increasing is not necessarily profit till it is realized. 

Start a bunch of things(via LLC, etc) and fail the ones that don't work, deducting and using bankruptcy legally along the way for the various legal entities, while expensing what you can on the successful businesses.

We are also talking about multiple decades of business being trivialized into a sentence like:

Quote

He was literally bankrupting multiple businesses, including casinos for God’s sake.  

 Banks won't lend if you don't have assets.  Trump got loans a lot over the years.  Lots of articles about the loans over the years.  Not all deals worked out of course.  

Of course we don't have his internal private business ledgers to know the whole story.  

Edited May 12, 2019 by zork

[ChiTownDoc 21141]

1 minute ago, zork said:

Net worth increasing is not necessarily profit till it is realized. 

Start a bunch of things(via LLP, etc) and fail the ones that don't work, deducting and using bankruptcy legally along the way for the various legal entities, while expensing what you can on the successful businesses.

We are also talking about multiple decades of business being trivialized into a sentence like:

 Banks won't lend if you don't have assets.  Trump got loans a lot over the years.  Lots of articles about the loans over the years.  Not all deals worked out of course.  

Of course we don't have his internal private business ledgers to know the whole story.  

Lol.  Banks back then would always lend.  I can assure you I know a lot more about this than you do.  Feel free to PM me and I’ll give more detail if you’re genuinely curious and not trolling.  

 

[JimmyJames 12271]

3 minutes ago, zork said:

Net worth increasing is not necessarily profit till it is realized. 

Start a bunch of things(via LLP, etc) and fail the ones that don't work, deducting and using bankruptcy legally along the way for the various legal entities, while expensing what you can on the successful businesses.

We are also talking about multiple decades of business being trivialized into a sentence like:

 Banks won't lend if you don't have assets.  Trump got loans a lot over the years.  Lots of articles about the loans over the years.  Not all deals worked out of course.  

Of course we don't have his internal private business ledgers to know the whole story.  

We have his seven bankruptcy filings. Those tell kind of the story. 

[zork 629]

1 minute ago, ChiTownDoc said:

Lol.  Banks back then would always lend.  I can assure you I know a lot more about this than you do.  Feel free to PM me and I’ll give more detail if you’re genuinely curious and not trolling.  

 

So he can't show losses on his tax returns and have a lot of real estate that rises in value from before the tax returns stated in the NYT and after? 

I'm not curious.  I'm pointing out that tax returns don't show the total story unless you have more information and all of them even for the limited amount of info they can provide. 

On a slightly related note Amazon showed very little income, if any, for many years till just recently yet their value was growing and growing as they expensed the hell out of their investing back into their business while taking advantage of all the tax code offered to business to provide incentives to invest.

[ChiTownDoc 21141]

4 minutes ago, zork said:

So he can't show losses on his tax returns and have a lot of real estate that rises in value from before the tax returns stated in the NYT and after? 

I'm not curious.  I'm pointing out that tax returns don't show the total story unless you have more information and all of them even for the limited amount of info they can provide. 

On a slightly related note Amazon showed very little income, if any, for many years till just recently yet their value was growing and growing as they expensed the hell out of their investing back into their business while taking advantage of all the tax code offered to business to provide incentives to invest.

You’re not going to show a fucking BILLION in losses unless you suck.  Did you miss the guys who ran his businesses saying he was terrible?  Including people at the very top.  

You’ll make excuses for a dumbass like this all day.  If he would have taken every dollar his daddy gave him and just invested it in some index fund he would have way more money today.  But idiots like you want to make him out to be some fucking genius.  Lol.  Keep drinking that kool aid, dumbass.  

[ChiTownDoc 21141]

Also, he was never even one of the top 5 real estate owners in nyc.  He put his name on shit.  When he built Trump in Chicago he literally tried to just claim the 25000 sq foot penthouse.  I know bc I sat on the board.  We had a good laugh.  He’s a buffoon. 

Edit:  read what his own architect Alan Lapidus says.  

Edited May 12, 2019 by ChiTownDoc

[jimmyjazz 45887]

1 hour ago, Anastasis said:

oh come on.  not even a chuckle?

Oh, I laughed.  Well done.

[zork 629]

1 minute ago, ChiTownDoc said:

You’re not going to show a fucking BILLION in losses unless you suck.  Did you miss the guys who ran his businesses saying he was terrible?  Including people at the very top.  

You’ll make excuses for a dumbass like this all day.  If he would have taken every dollar his daddy gave him and just invested it in some index fund he would have way more money today.  But idiots like you want to make him out to be some fucking genius.  Lol.  Keep drinking that kool aid, dumbass.  

I'm saying he could have had an increasing net worth while showing a loss on his taxes for the years provided by the NYT.  That is all I am saying.  

Forbes varied history with  Trump:

https://www.forbes.com/profile/donald-trump/#1e40f9ff47bd

Reprint from 1990:

https://www.forbes.com/sites/danalexander/2019/05/08/why-we-took-trump-off-the-forbes-400-during-his-decade-of-tax-losses/#24ebdb8933d9

 

https://www.google.com/search?q=years+trump+was+on+fortune+400&rlz=1C1CHBD_enUS773US773&oq=years+trump+was+on+fortune+400&aqs=chrome..69i57.8047j1j8&sourceid=chrome&ie=UTF-8

 

[jimmyjazz 45887]

Trump eventually ruined his rep with US banks.  He had to go to foreign lenders, some of which were aligned with . . . Russia.

Funny, that.

[Hugo Stiglitz 23367]

 

[4th&Five 41506]

Toilet water brains

 

[Red Five 40836]

And a happy Mother’s Day to you too Mr. President!

[RPM 26316]

It's going to take this country 50 years to get over the damage Trump has done.

[Brandywine 1316]

53 minutes ago, 4th&Five said:

Toilet water brains

 

Does he put that on replay everyday?

[Hugo Stiglitz 23367]

45 minutes ago, RPM said:

It's going to take this country 50 years to get over the damage Trump has done.

Another way to look at it is Trump is the inevitable consequence of 50 years of a rigged and ineffective political system. 

 

 

Edited May 12, 2019 by Hugo Stiglitz

[4th&Five 41506]

Totally hinged behavior. 

 

[Mo Horn 8826]

37 minutes ago, 4th&Five said:

Totally hinged behavior. 

 

So, you're saying it's a normal day. 

[4th&Five 41506]

raving lunatic 

[horncyclist 1387]

Ya know, "the Democrats spied on me" thing. So they took all these risks, lying by to get a FISA warrant or whatever the claim is--and nevermind all the issues with that. But they did all this to survell.... Carter Page in order to....??

[Mdhorn 5947]

7 minutes ago, horncyclist said:

Ya know, "the Democrats spied on me" thing. So they took all these risks, lying by to get a FISA warrant or whatever the claim is--and nevermind all the issues with that. But they did all this to survell.... Carter Page in order to....??
 

All fake news and harassment but investigate Hillary, despite their never having found anything.  Can't say this has helped their cause at all. Just looks like a deflection.  

[atomheartbevo 89626]

Since Jr got subpoenaed, his craziness has ratcheted way up.   We are getting glimpses of him attacking Republicans.   If they continue to pursue Jr., he may decide he doesn’t need the GOP. 

[David Dennison 18848]

12 minutes ago, Mdhorn said:

All fake news and harassment but investigate Hillary, despite their never having found anything.  Can't say this has helped their cause at all. Just looks like a deflection.  

Lock her up!

Why not done?

[Tyler Durden 132]

7 minutes ago, atomheartbevo said:

Since Jr got subpoenaed, his craziness has ratcheted way up.   We are getting glimpses of him attacking Republicans.   If they continue to pursue Jr., he may decide he doesn’t need the GOP. 

Not a chance.  He owns them and will turn his base against anyone who he doesn't think is on the team.

[David Dennison 18848]

2 minutes ago, Tyler Durden said:

Not a chance.  He owns them and will turn his base against anyone who he doesn't think is on the team.

This is by far the best thing about the Trump clan. 

[WhatTheBuck 28775]

46 minutes ago, Mdhorn said:

All fake news and harassment but investigate Hillary, despite their never having found anything.  Can't say this has helped their cause at all. Just looks like a deflection.  

Case closed. It's time to move on...

And get back to investigating Hillary. 

[ChiTownDoc 21141]

31 minutes ago, Tyler Durden said:

Not a chance.  He owns them and will turn his base against anyone who he doesn't think is on the team.

He thinks his base is full of a bunch of badasses ready to go to war for him.  He has the dumbest and poorest at his side.  All the money types will leave his ass hanging with trailer trash the minute he loses his usefulness.  

Theres a huge swath of that 35% that just uses him as a means to an end.  Im not excusing those people but just pointing out they will absolutely not have his back if/when he’s dragged out of the WH kicking/screaming.  

[4th&Five 41506]

 

[Mdhorn 5947]

1 hour ago, atomheartbevo said:

Since Jr got subpoenaed, his craziness has ratcheted way up.   We are getting glimpses of him attacking Republicans.   If they continue to pursue Jr., he may decide he doesn’t need the GOP. 

Pigeons coming home to roost.

[Mdhorn 5947]

31 minutes ago, WhatTheBuck said:

Case closed. It's time to move on...

And get back to investigating Hillary. 

that what gets me about Graham--saying learn from our mistakes...but we're going to get back to investigating Hillary and Obama.  F'k that dude.  There's only one way to go for the Democrats and that's to press forward.  The Republican's won't allow for anything less.   

[ChiTownDoc 21141]

22 minutes ago, 4th&Five said:

 

#StableGenius

[atomheartbevo 89626]

28 minutes ago, 4th&Five said:

 

Absolutely Fucking Nuts.

[atomheartbevo 89626]

53 minutes ago, ChiTownDoc said:

He thinks his base is full of a bunch of badasses ready to go to war for him.  He has the dumbest and poorest at his side.  All the money types will leave his ass hanging with trailer trash the minute he loses his usefulness.  

Theres a huge swath of that 35% that just uses him as a means to an end.  Im not excusing those people but just pointing out they will absolutely not have his back if/when he’s dragged out of the WH kicking/screaming.  

This.  Plenty of Rs are riding his coattails because he's giving them what they want.  He doesn't understand that their loyalty to him is as fleeting as his loyalty to them.

If he "goes to war" against Burr as some of his supporters are pushing him to do, get the popcorn out.   Burr is not seeking reelection in 4 years when he's up, so Trump has no leverage over him.   Tillis himself wouldn't have criticized him if he wasn't facing a primary challenger, and if Burr wasn't leaving the Senate in 2022.

[JimmyJames 12271]

1 hour ago, atomheartbevo said:

Since Jr got subpoenaed, his craziness has ratcheted way up.   We are getting glimpses of him attacking Republicans.   If they continue to pursue Jr., he may decide he doesn’t need the GOP. 

He lied to the senate intelligence committee. Burr has seen the redacted mueller report and knows it, thus the subpoena. Therefore the criminal enterprise in the White House and the trump mob family can’t let traitor tot testify again. 

Its really not that complicated. 

Edited May 13, 2019 by JimmyJames

[JimmyJames 12271]

2 hours ago, 4th&Five said:

raving lunatic 

And a happy Mother’s day to all! And to all a good night! 

[suddenly shaggy 929]

2 hours ago, Mdhorn said:

All fake news and harassment but investigate Hillary, despite their never having found anything.  Can't say this has helped their cause at all. Just looks like a deflection.  

It looks like a deflection to those of us paying attention, but it's working with the base and muddies it up for independents. His base absolutely believes that nothing Donald Trump has done or will do can be worse than something Hillary has done or would have done as president. They will excuse any behavior under that 'argument'. 

[UpperWestside 6160]

6 hours ago, ChiTownDoc said:

Also, he was never even one of the top 5 real estate owners in nyc.  He put his name on shit.  When he built Trump in Chicago he literally tried to just claim the 25000 sq foot penthouse.  I know bc I sat on the board.  We had a good laugh.  He’s a buffoon. 

Edit:  read what his own architect Alan Lapidus says.  

This is awesome right here. You have documented evidence of his assholery from your own life, but the Trumpkins will still ignore this. Everything he touches turns to shit. I really do not understand anyone who thinks Dotard is a genius. 

[Hugo Stiglitz 23367]

23 minutes ago, UpperWestside said:

I really do not understand anyone who thinks Dotard is a genius. 

Presidents of the United States are usually smart people so I can see why some people might be fooled.

Another common misconception is that “billionaires” are in inherently smart people...Some are but being a billionaire does not make you smart... Just look at Betsy DeVos and Howard Schultz.  

[UpperWestside 6160]

59 minutes ago, Hugo Stiglitz said:

Presidents of the United States are usually smart people so I can see why some people might be fooled.

Another common misconception is that “billionaires” are in inherently smart people...Some are but being a billionaire does not make you smart... Just look at Betsy DeVos and Howard Schultz.  

A lot of this "Billionaire" bullshit goes back to that campaign rally where he sa9d he would completely fund everything. It was when he gave one of his fake numbers about his wealth. He said he was worth 8 billion and a specific number after that. Those of us who don't have our head in a continual flush of the commode know his liquidity is no more than seven figures on a good day. 

I think that moment was a big one for the Trumpkins though. It was for them when he said screw the elites I will do this on my own. He reeled in millions with that propaganda and they have never left his side. If someone can find the video from that propaganda rally that'd be cool. He may have said it in Iowa in June or July of 2015 possibly.

[DigglerontheHoof 21176]

7 hours ago, UpperWestside said:

This is awesome right here. You have documented evidence of his assholery from your own life, but the Trumpkins will still ignore this. Everything he touches turns to shit. I really do not understand anyone who thinks Dotard is a genius. 

When your IQ is room temp, everyone is a genius. 

[HenryJames 66037]

 

[DigglerontheHoof 21176]

Love the switch back an forth from referring to himself from third person and  first person...such genius. 

[Mo Horn 8826]

OMFG

[4th&Five 41506]