New York Times: Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.
Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.
He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.
The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.
The New York Times has obtained tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office. It does not include his personal returns for 2018 or 2019. This article offers an overview of The Times’s findings; additional articles will be published in the coming weeks.
Read more ....
WNU Editor: Instead of focusing on the Biden family receiving millions of dollars from a Russian billionaire that also involved hookers and God knows what else .... the New York Times rehashes President Trump's taxes.The difference between now and then is now they are saying he paid a few hundreds in taxes, unlike last year when the New York times claimed he received a massive refund because he lost over a billion dollars .... Trump racked up $1.1B in losses from 1985 to 1994: New York Times (ABC News).
More News On the New York Times Claiming To Have President Trump's Tax Returns For The Past 15 Years
NY Times: Trump paid $750 in US income taxes in 2016, 2017 -- AP
Trump paid no income taxes in 10 of last 15 years: New York Times -- Reuters
Trump didn't pay income tax for 10 of 15 years before 2016 election: NYT -- The Hill
US President Donald Trump paid no income tax for 10 years: report -- ABC News Online
Trump paid no income tax in 10 of the last 15 years, reports the NYT -- France 24
New York Times publishes Donald Trump's tax returns in election bombshell -- The Guardian
Democrats blast Trump after report reveals he avoided income taxes for 10 years: 'Disgusting' -- The Hill
Donald Trump 'paid $750 in federal income taxes in 2016' - New York Times -- BBC
18 Revelations From a Trove of Trump Tax Records -- DNYZ
Six key findings from the New York Times' Trump taxes bombshell -- The Guardian
17 comments:
The NY Times lost what their readers cherished most: trust
There's no quick coming back from this. And because ofc their conduct over the last few years, no one will listen to anything they say
What rubbish NYT, better go after apple to then and bidet Biden.
bidet Biden?
Bidet is French or is there a different Aussie usage?
If it is the French meaning is it a reference to the strippers using a toy on Hunter?
I had a conversation with a teacher today. They had no idea that Hinter was affording himself with a $ 12,000 rental in the hills north of LA with money from who knows where.
The guy is spending 144,000 dollars on rent and he has no job.
Very simple--
LET HIM REVEAL HIS TAXES AND WE CAN SEE WHO LIES!
IF he refuses, then he is the liar.
the NY Times would lose their business fully in a lawsuit if this a made-up story.
Editor:
the real story you miss? He got a ton of money from the govt and they are investigating this for fraud...this is what NY State going after
Zero
federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.
$100,000 a year
By comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush
$70,000
Paid to style Trump’s hair for television, claimed as expenses.
$95,464
The total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair.
$210,000
The amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club.
$26m
“Consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump.
$434m
What Trump declared his earnings to be in the 2018 presidential public annual financial disclosure.Zero
federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.
$100,000 a year
By comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush
$70,000
Paid to style Trump’s hair for television, claimed as expenses.
$95,464
The total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair.
$210,000
The amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club.
$26m
“Consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump.
$434m
What Trump declared his earnings to be in the 2018 presidential public annual financial disclosure.
I have no interest in what you think about this story, but here is the full NY Times article, in full, if you have no access or care to read the piece:
Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
Now if you believe the paper lies, then he who asserts should prove, ie, show evidence that the claims here are false.
issue: a fortune in debt coming due in 4 years and we do not know where this money is owed...a foreign nation?
Pelosi icebox pales by comparison to Trump hair care!
tip: there will be further revelations coming soon fromthis paper
If you have chronic losses the business is not going to have profits and thus have to pay income taxes. Therefore nothing is illegal.
Taxes they will always pay are property and sales taxes. Those are always paid.
"“Consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump."
That is not illegal and I would say Ivanka's consulting has helped Trump stay in touch with the American people and not be tone deaf like the usual politician.
Zero
federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.
$100,000 a year
By comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush
I trust you have a point Fred Lapides. 1st show something that is illegal. Show me something were a tax lawyers and tax accountants will not refute you and you moving onto the next shiny object.
The US tax code is full of don't pay tax stuff. It usually is a blue state, blue city thing.
- You can deduct a major portion of your state taxes from your federal tax obligation. Blue states howled when that went away 2 year ago or so.
- Municipalities have tax free bonds for investors.
Red staters hate this blue state shit. It has gone on for 5 decades or more. The thing is if you do not like a legal tax filing, because of the amount of taxes paid, you do not go all RBG. You change the law. You don't call it a loophole. Calling it a loop hole is a dog whistle intended to get people worked up so as to vote for you. You change the law.
Problem with you is that you are like RBG. The ends justify the means. You are not a strict constitutionalists. There is not many logical bones in your body. You are a crooked man.
Interesting: Joe Biden had a Campaign Ad and Stickers Printed and Ready to Go Immediately After NY Times Broke its Trump Tax Story
So is NYT more of a propaganda outfit or a real news organization?
that is a truly worthless link. I won't even bother to address its numerous mistakes
Nothing illegal? let us wait and see.If nothing, why does Trump say it is fake?
Post Office Failed to Update 1.8 Million Addresses Ahead of Mail-in Voting | Time
Due to his indebtedness, his reliance on income from overseas and his refusal to authentically distance himself from his hodgepodge of business, Trump represents a profound national security threat – a threat that will only escalate if he’s re-elected. The tax returns also show the extent to which Trump has repeatedly betrayed the interests of many of the average Americans who elected him and remain his most loyal supporters.
I have some history with Trump and his taxes. Trump sued me for libel in 2006 for a biography I wrote, “TrumpNation,” claiming the book misrepresented his track record as a businessman and lowballed the size of his fortune. He lost the suit in 2011. During the litigation, Trump resisted releasing his tax returns and other financial records. My lawyers got the returns, and while I can’t disclose specifics of what I saw, I imagine that Trump has always refused to release them because they would reveal how robust his businesses and finances actually are and shine a light on some of his foreign sources of income. The Times has now solved that problem for us.
According to the Times, Trump has about $421 million in debts which he has personally guaranteed and which are coming due over the next several years. This is consistent with earlier reporting about how much debt he carries, a chunk of which could be gleaned from the personal financial disclosures he is required to file with the federal government. But Trump’s overall indebtedness is greater than the Times tally, I believe.
Russ Choma reported in Mother Jones last summer that Trump’s debts were nearly $500 million and would come due in relatively short order, pressuring the president’s finances. But Trump’s debts are even bigger than that, and he’s worked hard to keep them hidden for decades. Dan Alexander, a senior editor at Forbes, has been covering Trump’s business interests since 2016 and has a new book out about the president’s financial conflicts of interest, “White House Inc.” Alexander, in a helpful tally he shared Sunday evening, estimates Trump’s total indebtedness to be about $1.1 billion. Now that’s more like it.
And parrot is spamming the WNU block see his 1:09 post. He is the Wild Weasel of blog commenting.
He also posted at 12:58 and 1:04.
"that is a truly worthless link. I won't even bother to address its numerous mistakes"
The 12:58 post shows more parrot tells. There is is mostly missing capitalization and punctuation. Notice how parrot just disparage the article and refutes nothing..
thehill.com
Eric Trump in 2014: 'We have all the funding we need out of Russia'
2 minutes
President Trump’s son, Eric, once told a golf writer that funding for Trump golf courses come from Russia, that writer recounted in a new interview.
James Dodson during an interview Friday with Boston’s WBUR described meeting Donald Trump in 2014 and being invited to play golf at the Trump National Golf Club Charlotte.
[stalker: Trump owes zillions. Son says we use foreign banks. compromised security!E
you fucking stalking retard
You did not catch the wild Weasel reference did you! On top of that you cemented it in other reader's minds that you are by going all bold font, which is another signature parrot move.
Eric Trump said the obvious. They were looking for a Russian partner for the Trump hotel. In some cases having a local national is required by law. Also having makes it less likely that crooked local authorities will squeeze you since you are merely a foreigner. It is no guarantee, but sometimes it works.
WNU has hard partners of local extraction. Probably in South Korea. China too, but I don;t know. Are you going to diss WNU also, parrot? IMO you would, if you the Democrats won the presidency and you though party loyalty required it.
In Japan and Brasil it is required that any multi-national corporation has a national (individual or group) as 51% or greater partner. I am not impressed by your lack of knowledge of the international business place.
"In 2017 and 2018, Joe and Jill Biden ran $13 million of profits from speaking and writing gigs through a Subchapter-S corporation, allowing them to avoid, not evade, $500,000 in Social Security and Medicare payroll taxes."
Someone, who has an accountant to avoid taxes (or maybe because math is hard), went through a NYT smear to quickly pick out bullet points to publicly beat their chest and fulminate about.
The NYT article is a propaganda effort.
Here is a link to an excellent article.
https://thefederalist.com/2020/09/28/new-york-times-trump-tax-return-bombshell-is-a-joke/
Post a Comment