Trump's tax returns to be released to the Dems...

#26
#26
lawgator1 said:
If reports are true and in the last 15 years Trump paid no taxes most years, and about $750 when he was in the WH certain years, I'll be curious to see how his base reacts. And I mean that over the long term, not their initial reaction, which is to reject fact out of hand.
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I would suspect Trump is probably taking some very aggressive gray area positions on his returns that 98% of Americans wouldn't understand.

I think the real reason he wants them not revealed is that it would show 20-30 years of little to no taxable income...
 
#28
#28
After saying he would release them, he's exhausted every legal avenue in an effort to not have them released. Do the math.
 
#29
#29
lawgator1 said:
The standard is not legality. It's whether average folks voting based on inflation, but who paid $5k in taxes last year, will be bothered by the Billionaire paying nothing.
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How much more do you pay than you’re legally obligated to? How many deductions and credits do you use to lessen your tax burden?
 
#30
#30
I wouldnt be shocked if there's some trademark and trademarks being shifted cross border. That's legal (if arm's length) but optics don't look good...
 
#34
#34
TN Ribs said:
After saying he would release them, he's exhausted every legal avenue in an effort to not have them released. Do the math.
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When he said that he probably had no clue how far the Dems would weaponize the DOJ and pull out the other stunts in their playbook.
 
#36
#36
lawgator1 said:
If reports are true and in the last 15 years Trump paid no taxes most years, and about $750 when he was in the WH certain years, I'll be curious to see how his base reacts. And I mean that over the long term, not their initial reaction, which is to reject fact out of hand.
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His base ain't gonna care that he probably has little to no taxable income the last 25-30 years...
 
#37
#37
lawgator1 said:
Let loose the pigeons !

Can't wait to see how much the genius has been making. Wonder if cheap gold plating really is deductible...
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Not relevant to this but I want to ask you a question. Do you feel any culpability for peddling the Trump pee tapes? I can't stand the guy but you are unhinged
 
#38
#38
0nelilreb said:
Now what ? You got him this time ? 😂
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I don't need to get him legally. Anyone with half a brain knows he's a lying, thieving, scumbag insurrectionist.
You don't need the legal system to tell you that, it's there for everyone to see.
 
#39
#39
lawgator1 said:
If reports are true and in the last 15 years Trump paid no taxes most years, and about $750 when he was in the WH certain years, I'll be curious to see how his base reacts. And I mean that over the long term, not their initial reaction, which is to reject fact out of hand.
Click to expand...

Those that understand taxes won’t react at all. If anybody “pays” more taxes than the liability in one year, then it’s not difficult to understand that the carryover could cover the liability in the following year - therefore no additional taxes would be required to be “paid” in the subsequent year. Also, real estate investments in their basic form create tax advantages for the INVESTORS.

When Dems stir the pot with their garbage, they use terminology that confuses their loyal, but dumb, base. What amount of TOTAL taxes were paid in those 15 years? Every piece I’ve ever read will exclude those kind of details while emphasizing “most years”.
 
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#40
#40
The tax code gives a lot of preferences for people that own, manage, or develop real estate. It's not uncommon for large, leveraged projects to show little or no taxable income for several years. A few years of tax losses doesn't mean he's a bad businessman (although 25 to 30 years of losses is excessive)

With all that being said, the idea of him being a real estate developing genius is asinine. He inherited well over 9 figures of real estate 40-50 years ago, tons of political connections, and he has underperformed the S&P 500 in growing the value of those inherited assets....
 
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#41
#41
BigOrangeMojo said:
The tax code gives a lot of preferences for people that own, manage, or develop real estate. It's not uncommon for large, leveraged projects to show little or no taxable income for several years. A few years of tax losses doesn't mean he's a bad businessman (although 25 to 30 years of losses is excessive)

With all that being said, the idea of him being a real estate developing genius is asinine. He inherited well over 9 figures of real estate 40-50 years ago, tons of political connections, and he has underperformed the S&P 500 in growing the value of those inherited assets....
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Perhaps the real estate has underperformed the S&P 500 but if he managed his leverage well then his personal holdings could have easily beaten the index.
 
#42
#42
Thunder Good-Oil said:
Perhaps the real estate has underperformed the S&P 500 but if he managed his leverage well then his personal holdings could have easily beaten the index.
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My dad passed away 11 years ago and my inheritance was a truck. I put the $500 a month that I would have had for a car payment into the stock market. As a percentage basis, I did better in 11 years than Trump has in 45-50 on the inheritance and I'm someone whose avatar is a slide coming out an elephants ass...
 
#43
#43
BigOrangeMojo said:
My dad passed away 11 years ago and my inheritance was a truck. I put the $500 a month that I would have had for a car payment into the stock market. As a percentage basis, I did better in 11 years than Trump has in 45-50 on the inheritance and I'm someone whose avatar is a slide coming out an elephants ass...
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The more numbers there are left of the decimal point the harder it is to create returns that outperform indexes and other measures of comparison. Unless it’s Warren Buffett (a democrat BTW) and Charlie Munger.

What are you using to measure Trump’s performance? That’s private information.
 
#45
#45
lawgator1 said:
If reports are true and in the last 15 years Trump paid no taxes most years, and about $750 when he was in the WH certain years, I'll be curious to see how his base reacts. And I mean that over the long term, not their initial reaction, which is to reject fact out of hand.
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Meh, gave up his salary as President. You still buying into the “pay their fair share” battle cry
 
#46
#46
0nelilreb said:
So the IRS and Obama couldn’t find anything that would keep him from sweeping Hillary in 2016 , nothing was found from him being the most investigated man on this planet from multiple countries during the steel dossier disaster , but you Dems will now ? You are eat up with Trump obsession .
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CBS verifies Hunters laptop….release Trumps tax records to distract.
 
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#47
#47
Thunder Good-Oil said:
The more numbers there are left of the decimal point the harder it is to create returns that outperform indexes and other measures of comparison. Unless it’s Warren Buffett (a democrat BTW) and Charlie Munger.

What are you using to measure Trump’s performance? That’s private information.
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True, but inheriting at least $417MM in Manhattan real estate (per tax records found by NYT) in the 70s should lead to a lot more than the $3B net worth by Forbes today. Following the rule of 72 with a 10% return, he should have had 6.5 doubles by now. He barely has 3.

Even if you cut NYT # in half and double Forbes, that's still only 5 doubles..
 
#49
#49
Thunder Good-Oil said:
Those that understand taxes won’t react at all. If anybody “pays” more taxes than the liability in one year, then it’s not difficult to understand that the carryover could cover the liability in the following year - therefore no additional taxes would be required to be “paid” in the subsequent year. Also, real estate investments in their basic form create tax advantages for the INVESTORS.

When Dems stir the pot with their garbage, they use terminology that confuses their loyal, but dumb, base. What amount of TOTAL taxes were paid in those 15 years? Every piece I’ve ever read will exclude those kind of details while emphasizing “most years”.
Click to expand...
Amazon pays no taxes
Warren Buffets secretary pays more taxes then he does


Idiots
 
#50
#50
BigOrangeMojo said:
True, but inheriting at least $417MM in Manhattan real estate (per tax records found by NYT) in the 70s should lead to a lot more than the $3B net worth by Forbes today. Following the rule of 72 with a 10% return, he should have had 6.5 doubles by now. He barely has 3.

Even if you cut NYT # in half and double Forbes, that's still only 5 doubles..
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How do we know how accurate the Forbes estimate is? They are likely basing it on the addresses of buildings he has had an interest in. They would struggle to even determine what his shares were with the complexity of capital structures. Plus when they estimate the wealth of guys like Musk or Bezos they use public filings of holdings in public companies. Most of Trump’s holdings are private and aren’t accessible to a magazine publisher.
 
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