BigOrangeMojo
The Member in Miss December
- Joined
- Jan 24, 2017
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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....