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

The media outlets aren’t in it to invest in an expensive appraisal to determine the truth. They already have a number in mind and will spend as little as possible to “validate” it. They still need to sell more advertising (and subscriptions) than their cost of appraising his assets and equity for their own bottom line to be positive.

No, purchasing “a property” will not have negative cash flow for years and years. Buying “properties” (and recapitalizing them) over and over as a business expands certainly can.

Where is Trump’s “cash flow” published as being negative for a decade? The tax advantages are recorded as net losses on books and tax returns, but the actual cash flow can be positive when adding back the tax benefits that were created by investing in RE.

We shouldn’t keep hijacking a thread about Trump’s tax returns being taken public by the Dems. His net worth, whether on personal financial disclosures or accounting as booked or for tax calculations, assessments for municipal taxing authorities, created for shock value by publications, or whatever, is a totally separate discussion. Net worth doesn’t go on individual’s tax returns.

I don't think we are hijacking this thread. The Dems main point is Trump is committing tax fraud. The relationship between his reported net worth the past decade and what is being reported on his returns probably proves he hasnt illegally evaded much in income tax. That is very relevant for this thread. We are both saying public disclosure of 1040s won't prove tax fraud. We are just getting there via different paths....
 
And the abuse of power continues to rise. Maybe they should pass a law that before you can run for any elected position of power, you have to have previous five years tax returns published for the whole world to see. I am talking all the way from dog catcher to the President. There is one hell of a difference between volunteering your tax returns and having the opposing political party grab them and publish them because they hold the power for the moment. I would expect this in a third world country. Politicians and their inflated sense of entitlement will be the undoing of this great country that so many have sacrificed for.
 
So nothing illegal? @lawgator1 ,@evillawyer ,@BowlBrother85 ,@Sudden Impact. How can this be so?
I will take the first jab at this and wait for the others.
First, as much as I love Fox, it cannot be your only source of information. Try cross referencing with other sources.
An example is Stormy Daniels payoff written off as a business expense and potentially used Campaign Funds to do so.
If Trump denies it which he will then you can bet he is lying about it.
The shear numbers of what he made over 6 years and the amount he paid in taxes does not correlate to the normal taxpayer.
The problem is not that Trump did it but he signed the 1040
 
C&P

Trump Organization accountants complied with the tax laws passed by Congress that are now part of the US tax code.

This will haunt them in future.
 
I will take the first jab at this and wait for the others.
First, as much as I love Fox, it cannot be your only source of information. Try cross referencing with other sources.
An example is Stormy Daniels payoff written off as a business expense and potentially used Campaign Funds to do so.
If Trump denies it which he will then you can bet he is lying about it.
The shear numbers of what he made over 6 years and the amount he paid in taxes does not correlate to the normal taxpayer.
The problem is not that Trump did it but he signed the 1040
Wasn't my source at all. I saw it on CNN.
 
I will take the first jab at this and wait for the others.
First, as much as I love Fox, it cannot be your only source of information. Try cross referencing with other sources.
An example is Stormy Daniels payoff written off as a business expense and potentially used Campaign Funds to do so.
If Trump denies it which he will then you can bet he is lying about it.
The shear numbers of what he made over 6 years and the amount he paid in taxes does not correlate to the normal taxpayer.
The problem is not that Trump did it but he signed the 1040

Now the tax and campaign finance experts come out of the woodwork. 😂
 
Now the tax and campaign finance experts come out of the woodwork. 😂
It is just common sense, do not kid yourself, the Democrats are going to nail his A$$ and there is no stopping it.
Many Reps are going to stand by and let it happen. They will indict Trump at what level, State Federal or County or all three who knows. They will get him on something and a majority of the Republican Party will allow it.
It is time to move on and go down. There is nothing they can do to stop it.
He may not spend a day in Jail or Prison but he will be indicted.
As far as the Campaign finance laws I said it from day one that Campaign Finance and handling of funds that Trump's Organization was the first thing they could and would nail him on. Check my posts.
 
I will take the first jab at this and wait for the others.
First, as much as I love Fox, it cannot be your only source of information. Try cross referencing with other sources.
An example is Stormy Daniels payoff written off as a business expense and potentially used Campaign Funds to do so.
If Trump denies it which he will then you can bet he is lying about it.
The shear numbers of what he made over 6 years and the amount he paid in taxes does not correlate to the normal taxpayer.
The problem is not that Trump did it but he signed the 1040

Just another example of Dems not seeing the forest through the trees...

Trump hasn't made crap the past decade (11-20). Look at real estate prices, look at the SP 500. They both skyrocketed. 10K invested in passive SP 500 fund on 1/1/11 would be worth almost 36K on 12/31/20. Trump's estimated net worth went down significantly during this time. The reason is many of his properties were cash flow negative for the entirety of the decade. If you are losing money, you dont pay income taxes. Simple as that.
 
Just another example of Dems not seeing the forest through the trees...

Trump hasn't made crap the past decade (11-20). Look at real estate prices, look at the SP 500. They both skyrocketed. 10K invested in passive SP 500 fund on 1/1/11 would be worth almost 36K on 12/31/20. Trump's estimated net worth went down significantly during this time. The reason is many of his properties were cash flow negative for the entirety of the decade. If you are losing money, you dont pay income taxes. Simple as that.
It is what you write off that gets you in trouble not the fact that you loss money.
What's more you can't write something off when you overvalue properties 3-4x their actual worth.
Campaign donations received are not person money and are to be used for certain expenses.
They cannot be used for personal expenses or included in personal tax submissions.
 
It is just common sense, do not kid yourself, the Democrats are going to nail his A$$ and there is no stopping it.
Many Reps are going to stand by and let it happen. They will indict Trump at what level, State Federal or County or all three who knows. They will get him on something and a majority of the Republican Party will allow it.
It is time to move on and go down. There is nothing they can do to stop it.
He may not spend a day in Jail or Prison but he will be indicted.
As far as the Campaign finance laws I said it from day one that Campaign Finance and handling of funds that Trump's Organization was the first thing they could and would nail him on. Check my posts.

I’ve seen your posts and you’re neck and neck with LG in being a terrible prognosticator.
 
It is what you write off that gets you in trouble not the fact that you loss money.
What's more you can't write something off when you overvalue properties 3-4x their actual worth.

You depreciate your cost basis in properties. If I buy a building for $200K thats worth $300K, I depreciate $200K. Depreciation is very easy for auditor to check and if there was fraud here, he would have been written up already....

Again, Dems are missing the point here.
 
I don't know but if there was even a sliver of possibility of a narrow chance of a shot in hell, you know Trump would have sued to block it.

Trump fought the release of these returns NOT for tax reasons. The combination of these returns, plus prior year returns/info, just shows the "real estate tycoon" persona is just BS. If Trump made money, these returns would have been released already. It's why the only profitable return he had before the Presidency (2005) was leaked to MSNBC.
 
You depreciate your cost basis in properties. If I buy a building for $200K thats worth $300K, I depreciate $200K. Depreciation is very easy for auditor to check and if there was fraud here, he would have been written up already....

Again, Dems are missing the point here.
So is Mar a Lago worth 739 Million? In Trump world it is and in reality it is worth $75 Million. There is a little bit of a discrepancy between the truth and Trump World claims.

So? You need to figure it out when you fill out the forms and his claims of depreciation on said properties. It is all a facade built on stilts.
 
So is Mar a Lago worth 739 Million? In Trump world it is and in reality it is worth $75 Million. There is a little bit of a discrepancy between the truth and Trump World claims.

So? You need to figure it out when you fill out the forms and his claims of depreciation on said properties. It is all a facade built on stilts.
Forbes has it at about 350 million.
 

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