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

[Rasputin_Vol]

I'm starting to understand that our government is broken beyond repair.

I could see this way back in 2015. That's why I was advocating for the crash and burn plan of letting Hillary win in 2016. The only way this turns around is if the system implodes and we hopefully find away to rebuild.

 

[Go aeiou]

They don't sound tough. Some of them sound quite effeminate.
Lindsey is a girl's name.

When he was born it was primarily a man's name. in 70's it became almost only a girls name.

 

[PEPPERJAX]

I could see this way back in 2015. That's why I was advocating for the crash and burn plan of letting Hillary win in 2016. The only way this turns around is if the system implodes and we hopefully find away to rebuild.

Your imploding scenario may come to fruition under Biden.

 

[Electric Orange]

When he was born it was primarily a man's name. in 70's it became almost only a girls name.

Did men then speak primarily like girls?

 

[lawgator1]

LG, you still having orgasms over those damning returns? What scandals are we seeing?

If he finds himself in debates I imagine that he'll face some questions from opponents about some of his business practices, followed by questions about why he fought so hard to hide them despite NOT being under audit, as he claimed.

 

[BigOrangeMojo]

Here are my thoughts after reviewing them..

1. Big picture, it's what I expected and what I've been saying for past 6 years.

2. There is tax planning in there for sure but tax planning is not illegal.

3. I expected to see more 1031 transactions (like kind exchanges) to defer taxation.

4. There's a good but of foreign activity, especially related to intangibles, but nothing that would give me a huge pause about conflict of interest from 17-20.

5. Trump was negatively impacted by a couple provisions of TCJA, the SALT Cap of 10K and 163j interest expense limitations.

6. Regarding SALT, it's clear he has planned around it but those laws (prepaying, taking full deduct at flow thru level). He's also AMT taxpayer (at times) so SALT cap isn't nearly as important for him as non AMT taxpayers.

7. Several of Trump's entities are subject to 163j interest limitations. Not to bore you with the details but that means a company isn't allowed an interest deduction if their operating cash flow doesn't meet a certain minimum level. Just more proof that the myth of Trump being a real estate guru is just that, a myth.

8. Trump the brand makes money. He is monetizing the brand all over the world. It's not enough to cover up #9 though.

9. Trump the real estate investor is awful. He has missed huge macro trends in the market (overly weighted in hotels, casinos, golf courses). Some of his most profitable ventures were inherited properties. Trump Tower and Mar a Lago are the exceptions to the rule here.

10. Had charitable easement in 2015 and likely and another one earlier than that. Pretty much, those tend to be fraudulent valuations. He has not monetized it however though.

11. Trump likely won't pay much in the next 5 years. He has AMT carryforwards, historical credit carryforwards, NOL carryforwards, charitable (if easement deductions are approved) carryforwards.

12. No sign of obvious tax fraud. Some questions and areas I'd probe if I was IRS.

13. Had deferral of cancellation of debt income from 2010. Smart planning there. Without that COD, he'd have overall a quarter billion of NOLs at start of 2015.

14. Considering prior disclosures and these returns, he likely went from 1995-2017 and having positive taxable income only once (2005). Contrary to what you might hear, this isn't normal for this length of time.

Conclusion - Lots of planning however the main driver of Trump's lack of taxable income isn't tax planning but consistent underperformance of his real estate portfolio. The consistent cash flow losses from his portfolio more than offset branding income and income from inherited properties. The Dems did not meet their stated objectives in this disclosure and they have created a dangerous precedent.

The Dems are missing the main point with his returns....

 

[Rasputin_Vol]

The Dems did not meet their stated objectives in this disclosure and they have created a dangerous precedent.

What's the worst that could happen? You think this could end up being weaponized against the Dems?

 

[BigOrangeMojo]

What's the worst that could happen? You think this could end up being weaponized against the Dems?

See Biden, Hunter

 

[AM64]

They don't sound tough. Some of them sound quite effeminate.
Lindsey is a girl's name.

When he was born it was primarily a man's name. in 70's it became almost only a girls name.

One of those things that changes with time. I've know at least one guy named Shirley, and Johnny Majors dad was Shirley Majors - a pretty successful football coach. Not sure about today, but 20 years or more ago, if you ran into a guy named "Sue", you'd probably not want to assume he was effeminate.

 

[AM64]

I could see this way back in 2015. That's why I was advocating for the crash and burn plan of letting Hillary win in 2016. The only way this turns around is if the system implodes and we hopefully find away to rebuild.

I agree, but I can't see even a four year implosion doing what you are thinking. The media and the federal bureaucracy are so entrenched, I just can't see the kind of collapsed that would change things for the better - just seems like a harder push to socialism than righting (in both senses of the word) things.

 

[Electric Orange]

One of those things that changes with time. I've know at least one guy named Shirley, and Johnny Majors dad was Shirley Majors - a pretty successful football coach. Not sure about today, but 20 years or more ago, if you ran into a guy named "Sue", you'd probably not want to assume he was effeminate.

I'm just saying Lindsey Graham sucks effeminately.

 

[AM64]

What's the worst that could happen? You think this could end up being weaponized against the Dems?

See Biden, Hunter

I can't see republicans pushing it. Trump as an outsider was the anomaly; pretty much everybody else (like biden) is a long established DC politician. They all know each other's tricks because both sides do the same stuff; the same bodies are in all the closets. Nobody is likely to attack someone else because he/she is hiding the same dirty laundry. It's just a domestic version of a nuclear arms race - MAD - and nobody's likely to fire the first round because there's too much money to be made in DC. DC doesn't want outsiders; outsiders scare the crap out of them because those are the guys who just might disclose the corruption. If another non politician should ever be elected president, don't be surprised if the media and DC again turn on him or her like rabid dogs.

 

[AM64]

I'm just saying Lindsey Graham sucks effeminately.

Probably, but at least he doesn't flaunt it like a lot of trash the dems are shoving in our faces.

 

[VolStrom]

Here are my thoughts after reviewing them..

1. Big picture, it's what I expected and what I've been saying for past 6 years.

2. There is tax planning in there for sure but tax planning is not illegal.

3. I expected to see more 1031 transactions (like kind exchanges) to defer taxation.

4. There's a good but of foreign activity, especially related to intangibles, but nothing that would give me a huge pause about conflict of interest from 17-20.

5. Trump was negatively impacted by a couple provisions of TCJA, the SALT Cap of 10K and 163j interest expense limitations.

6. Regarding SALT, it's clear he has planned around it but those laws (prepaying, taking full deduct at flow thru level). He's also AMT taxpayer (at times) so SALT cap isn't nearly as important for him as non AMT taxpayers.

7. Several of Trump's entities are subject to 163j interest limitations. Not to bore you with the details but that means a company isn't allowed an interest deduction if their operating cash flow doesn't meet a certain minimum level. Just more proof that the myth of Trump being a real estate guru is just that, a myth.

8. Trump the brand makes money. He is monetizing the brand all over the world. It's not enough to cover up #9 though.

9. Trump the real estate investor is awful. He has missed huge macro trends in the market (overly weighted in hotels, casinos, golf courses). Some of his most profitable ventures were inherited properties. Trump Tower and Mar a Lago are the exceptions to the rule here.

10. Had charitable easement in 2015 and likely and another one earlier than that. Pretty much, those tend to be fraudulent valuations. He has not monetized it however though.

11. Trump likely won't pay much in the next 5 years. He has AMT carryforwards, historical credit carryforwards, NOL carryforwards, charitable (if easement deductions are approved) carryforwards.

12. No sign of obvious tax fraud. Some questions and areas I'd probe if I was IRS.

13. Had deferral of cancellation of debt income from 2010. Smart planning there. Without that COD, he'd have overall a quarter billion of NOLs at start of 2015.

14. Considering prior disclosures and these returns, he likely went from 1995-2017 and having positive taxable income only once (2005). Contrary to what you might hear, this isn't normal for this length of time.

Conclusion - Lots of planning however the main driver of Trump's lack of taxable income isn't tax planning but consistent underperformance of his real estate portfolio. The consistent cash flow losses from his portfolio more than offset branding income and income from inherited properties. The Dems did not meet their stated objectives in this disclosure and they have created a dangerous precedent.

The Dems are missing the main point with his returns....

Would you trade your finances for his? I know I would.

 

[BigOrangeMojo]

Would you trade your finances for his? I know I would.

I would trade inheriting several hundred million dollars with decades of compounding vs inheriting an old truck a decade ago.

But no, I wouldn't trade his investment percentage returns for mine....

 

[Electric Orange]

 

[BigOrangeMojo]

View attachment 528458

Rachel Maddow also ran Trumps 2005 returns (the only time Trump showed taxable income in a 20 year period). She failed to know the Trump camp played her like a fool.....

She ain't the brightest bulb in the room...

 

[VolStrom]

I would trade inheriting several hundred million dollars with decades of compounding vs inheriting an old truck a decade ago.

But no, I wouldn't trade his investment percentage returns for mine....

That wasn't the question, but I get it, you're smarter and invest better than he has.

 

[Rasputin_Vol]

View attachment 528458

Trump's tax returns...

 

[SpaceCoastVol]

I'm just saying Lindsey Graham sucks effeminately.

yeah but he introduced legislation to allow me to keep working for another two years. Hopefully it passes.

 

[JOEY’S ALL VOL !!!]

Another huge double portion of nothing. Time after time, it’s like Swiss clockwork.

 

[Jxn Vol]

Let’s see the rest of the DC creatures tax returns now.

 

[Caculator]

Let's see the sexual harassment settlements

 

[AM64]

yeah but he introduced legislation to allow me to keep working for another two years. Hopefully it passes.

You know the real solution would be to tie airline mandatory retirement age to federal government mandatory retirement age (including elected positions). You at least have medical and competency evaluations on a frequent basis - people elected to congress don't even have one legitimate and regulated screening for who and what they claim to be. They can crash a country without personal harm; at worst, you might manage two plane loads of passengers - including yourself. You have a vested interest in being safe; people in the federal government are always playing with other's money and lives

 

[AM64]

Another huge double portion of nothing. Time after time, it’s like Swiss clockwork.

But they'll get Trump next time. It's like watching Charley Brown kicking the football and Wile E. Coyote vs the Road Runner wrapped into one package.