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BREAKING: NYT obtains Trump's tax records from 1985-1994

 
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Genero36



Joined: 24 Apr 2005
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PostPosted: 05/07/19 8:43 pm    ::: BREAKING: NYT obtains Trump's tax records from 1985-1994 Reply Reply with quote

New York Times: Tax documents show Trump businesses lost more than $1 billion in a decade

Washington (CNN)President Donald Trump's businesses reported losses of $1.17 billion from 1985 to 1994, The New York Times reported Tuesday, citing information from tax documents from those years.

It appears Trump lost more money than nearly any other individual US taxpayer year after year, the Times reports, according to the 10 years of tax information the newspaper acquired.

Trump ran for president branding himself as a self-made billionaire, touting his financial success, but he has been steadfast in his refusal to release his tax returns to the public, despite mounting pressure from Congress. On Monday, Treasury Secretary Steven Mnuchin formally denied a request from the House Ways and Means Committee for Trump's last six years of tax returns, a period not covered by the documents reported by The Times on Tuesday.

In 1990 and 1991, Trump's core business losses were more than $250 million each year -- more than double those of the closest taxpayers in those years, the Times reports.

Trump lost so much money that he avoided paying income taxes for eight of the 10 years, according to the newspaper.

https://www.cnn.com/2019/05/07/politics/trump-tax-returns-losses/index.html



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TechDawgMc



Joined: 12 Aug 2010
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Location: Temple, TX


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PostPosted: 05/08/19 12:18 am    ::: Reply Reply with quote

The dude lost money running a casino. That's pretty much all you need to know about his business prowess.


Seriously, one of the accounting faculty ran the time value of money numbers on what he inherited. If he'd invested the inheritance in the stock market across the DJ and just left it, he'd be richer now than he currently is. He's never been very good at business.


Luuuc



Joined: 10 Feb 2005
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PostPosted: 05/08/19 1:10 am    ::: Reply Reply with quote

Seems like some people only appreciate the financial value of a deal and not the art of it. You can't put a price on great art.


justintyme



Joined: 08 Jul 2012
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PostPosted: 05/08/19 2:27 am    ::: Reply Reply with quote

Luuuc wrote:
Seems like some people only appreciate the financial value of a deal and not the art of it. You can't put a price on great art.

https://www.amazon.com/Eliteart-Dogs-Marcellus-Coolidge-Reproduction-Art/dp/B01LYSWBPS

$21.99



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sambista



Joined: 25 Sep 2004
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PostPosted: 05/08/19 4:19 am    ::: Reply Reply with quote

you guys got me crackin' up.



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Genero36



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PostPosted: 05/08/19 9:08 am    ::: Reply Reply with quote

His supporters won't care, but this has got to be taking a hit on Mr 'I'm very rich bitch.' You can say you are rich all you want , but the evidence always prevails.




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cthskzfn



Joined: 21 Nov 2004
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Location: In a world where a dbag like Trump isn't potus.


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PostPosted: 05/08/19 9:40 am    ::: Reply Reply with quote

guy was born a crook.



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pilight



Joined: 23 Sep 2004
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PostPosted: 05/08/19 9:50 am    ::: Reply Reply with quote

Trump was saved from irrelevance by The Apprentice

https://www.newyorker.com/magazine/2019/01/07/how-mark-burnett-resurrected-donald-trump-as-an-icon-of-american-success

Quote:
During a 2004 panel at the Museum of Television and Radio, in Los Angeles, Trump claimed that “every network” had tried to get him to do a reality show, but he wasn’t interested: “I don’t want to have cameras all over my office, dealing with contractors, politicians, mobsters, and everyone else I have to deal with in my business. You know, mobsters don’t like, as they’re talking to me, having cameras all over the room. It would play well on television, but it doesn’t play well with them.”

“The Apprentice” portrayed Trump not as a skeezy hustler who huddles with local mobsters but as a plutocrat with impeccable business instincts and unparalleled wealth—a titan who always seemed to be climbing out of helicopters or into limousines. “Most of us knew he was a fake,” Braun told me. “He had just gone through I don’t know how many bankruptcies. But we made him out to be the most important person in the world. It was like making the court jester the king.” Bill Pruitt, another producer, recalled, “We walked through the offices and saw chipped furniture. We saw a crumbling empire at every turn. Our job was to make it seem otherwise.”



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Howee



Joined: 27 Nov 2009
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Location: OREGON (in my heart)


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PostPosted: 05/09/19 10:02 am    ::: Reply Reply with quote

....and yet....people voted for him. And will again. ::puke emoji::

https://www.aol.com/article/news/2019/05/09/trumps-billion-dollar-loss-i-was-his-ghostwriter-and-i-saw-it-happen/23723620/



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Stonington_QB



Joined: 05 Jul 2013
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PostPosted: 05/09/19 11:32 am    ::: Reply Reply with quote

Awesome, it sounds like you all finally got what you wanted for the past 3 years. Does this mean you will all stop "demanding" he turn over his tax returns now?


CamrnCrz1974



Joined: 18 Nov 2004
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PostPosted: 05/09/19 1:25 pm    ::: Reply Reply with quote

Stonington_QB wrote:
Awesome, it sounds like you all finally got what you wanted for the past 3 years. Does this mean you will all stop "demanding" he turn over his tax returns now?


The tax returns referenced by The New York Times cover the period from 1985 through 1994. President Trump did not release them to the NYT; this was something the NYT unearthed.

The House Ways and Means Committee requested President Trump's last six years of tax returns. This request has been refused.


PUmatty



Joined: 10 Nov 2004
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PostPosted: 05/09/19 2:27 pm    ::: Reply Reply with quote

CamrnCrz1974 wrote:
Stonington_QB wrote:
Awesome, it sounds like you all finally got what you wanted for the past 3 years. Does this mean you will all stop "demanding" he turn over his tax returns now?


The tax returns referenced by The New York Times cover the period from 1985 through 1994. President Trump did not release them to the NYT; this was something the NYT unearthed.

The House Ways and Means Committee requested President Trump's last six years of tax returns. This request has been refused.


And, to be clear, they aren't tax returns. They are summary records. There is a lot of information that tax returns would include that are not in these documents.


Howee



Joined: 27 Nov 2009
Posts: 11881
Location: OREGON (in my heart)


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PostPosted: 05/09/19 11:56 pm    ::: Reply Reply with quote

This quote....

Quote:
A real go-getter, right? But Trump’s portfolio did not jibe with what I saw each day — which to a surprisingly large extent was him looking at fabric swatches. Indeed, flipping through fabric swatches seemed at times to be his main occupation. Some days he would do it for hours, then take me in what he always called his “French military helicopter” to Atlantic City — where he looked at more fabric swatches or sometimes small samples of wood paneling. It was true that the carpets and drapes at his properties needed to be refreshed frequently, and the seats on the renamed Trump Shuttle required occasional reupholstering. But the main thing about fabric swatches was that they were within his comfort zone — whereas, for example, managing hotels and airlines clearly wasn’t . One of his aides once told me that every room at the Plaza could be filled at the “rack rate” (list price) every night and the revenue still wouldn’t cover the monthly payment of the loan he’d taken out to buy the place. In other words, he’d made a ridiculous deal. Neither he nor the banks had done the math beforehand. Or perhaps Trump knew it, because someone had told him, but didn’t want to think about it. The one thing he is above-average at is compartmentalization.

On days when there were no broadlooms or chenilles to ponder, we would sit around his office and shoot the breeze while (as we now know) out there someplace in the real world, his businesses were hemorrhaging cash. He’d talk about the Yankees, show me pictures of Marla Maples (whom he was then romancing while still married to Ivana) and tell me obviously madeup stories, such as how he had just the other day seen a beautiful, completely naked woman on the street. “Put that in the book!” he’d say, and I’d pretend to write it down.


....from the article jumped back into my brain tonight, as I watched PBS and heard Donald from a podium, spouting his bullshit on dealing with Iran.
This man, whose (self-proclaimed) wheelhouse is "business" >--Rolling Eyes--< but bled an ocean of cash thanks to his incompetence is, yet again, duping The Deplorables, et.al., into believing he's even REMOTELY competent in negotiating foreign policy with nuclear antagonists???



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