2020 Elections - Trump FIRED

[Peter Brown]

Well if you like the 50 star version, after we add DC in Puerto Rico, we could combine North and South Dakota and North and South Carolina.

I have a Betsy Ross 13 star flag in my basement I bought right after 9/11. I can't fly it now because to some rather whacky FLP folks it now is a symbol of the far right wing extremist movement. Who would of thunk it that 19 years ago I was sooooo very un American to ever purchase such a flag?

I have a Ross flag piece of art. Also a confederate flag piece of art.

The left is a mob philosophy. They’ll be gone soon. Don’t worry.

[Peter Brown]

The President’s Taxes
Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance

https://www.nytimes.com/interactive/202 ... e=Homepage

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.

By Russ Buettner, Susanne Craig and Mike McIntire

Sept. 27, 2020

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.

The returns are some of the most sought-after, and speculated-about, records in recent memory. In Mr. Trump’s nearly four years in office — and across his endlessly hyped decades in the public eye — journalists, prosecutors, opposition politicians and conspiracists have, with limited success, sought to excavate the enigmas of his finances. By their very nature, the filings will leave many questions unanswered, many questioners unfulfilled. They comprise information that Mr. Trump has disclosed to the I.R.S., not the findings of an independent financial examination. They report that Mr. Trump owns hundreds of millions of dollars in valuable assets, but they do not reveal his true wealth. Nor do they reveal any previously unreported connections to Russia.

My bolding - this is a very long article, and looks like they really have the goods.

His lawyer has denied all of the allegations. That said, I don’t really care if he paid taxes or not. The issue is tax law, not the individual. If you don’t like what someone pays or doesn’t pay, ask your lawmakers to change the tax laws.

[Typical Lax Dad]

“Trump paid just $750 in federal income taxes in 2016 and another $750 the following year, the newspaper reported, and none at all in 10 of the previous 15 years. He is personally responsible for more than $420 million in debt, most of which is coming due within the next four years, according to the Times.”

With the dislocations in the commercial real estate market post Covid, this will test the extent of the refinancing risk. On the bright side, Trump will be able to roll into lower interest rates if his projects are deemed bankable.....the downside would be more bankruptcies....smart business man.

[njbill]

Well if you like the 50 star version, after we add DC in Puerto Rico, we could combine North and South Dakota and North and South Carolina.

In a moment here of sobriety, what besides more Democratic electoral votes does adding PR as a state do for you as an American? They themselves prefer to be an independent country. But really, what’s the rationale? Have you actually been to PR? Outside the Ritz Carlton that is. Do you, uhhhhhh, feel that PR is a net win for America?

I’m genuinely interested in replies. I won’t mock anyone.

Two more Senators.

Never been there, but know people who have and who like it.

[njbill]

“Trump paid just $750 in federal income taxes in 2016 and another $750 the following year, the newspaper reported, and none at all in 10 of the previous 15 years. He is personally responsible for more than $420 million in debt, most of which is coming due within the next four years, according to the Times.”

With the dislocations in the commercial real estate post Covid, this will test the extent of the refinancing risk. On the bright side, Trump will be able to roll into lower interest rates if his projects are deemed bankable.....the downside would be more bankruptcies....smart business man.

Sad way to end his life. Penniless and in prison.

[Typical Lax Dad]

“Trump paid just $750 in federal income taxes in 2016 and another $750 the following year, the newspaper reported, and none at all in 10 of the previous 15 years. He is personally responsible for more than $420 million in debt, most of which is coming due within the next four years, according to the Times.”

With the dislocations in the commercial real estate market post Covid, this will test the extent of the refinancing risk. On the bright side, Trump will be able to roll into lower interest rates if his projects are deemed bankable.....the downside would be more bankruptcies....smart business man.

Sad way to end his life. Penniless and in prison.

But he’s a smart businessman, because he says so.

[njbill]

Maybe he can dust off one of the syllabuses from Trump U. and teach a business class in prison.

[RedFromMI]

The President’s Taxes
Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance

https://www.nytimes.com/interactive/202 ... e=Homepage

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.

By Russ Buettner, Susanne Craig and Mike McIntire

Sept. 27, 2020

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.

The returns are some of the most sought-after, and speculated-about, records in recent memory. In Mr. Trump’s nearly four years in office — and across his endlessly hyped decades in the public eye — journalists, prosecutors, opposition politicians and conspiracists have, with limited success, sought to excavate the enigmas of his finances. By their very nature, the filings will leave many questions unanswered, many questioners unfulfilled. They comprise information that Mr. Trump has disclosed to the I.R.S., not the findings of an independent financial examination. They report that Mr. Trump owns hundreds of millions of dollars in valuable assets, but they do not reveal his true wealth. Nor do they reveal any previously unreported connections to Russia.

My bolding - this is a very long article, and looks like they really have the goods.

His lawyer has denied all of the allegations. That said, I don’t really care if he paid taxes or not. The issue is tax law, not the individual. If you don’t like what someone pays or doesn’t pay, ask your lawmakers to change the tax laws.

His lawyer also appears to be full of sh!t. There is really more evidence here of illegal tax avoidance. Using "consulting fees" to Ivanka (amounts match exactly to one of her disclosures) to reduce income. Using an estate on the Hudson River as a family retreat, but treating it for tax purposes as an "investment" property, where such usage is illegal, to avoid higher real estate taxes.

You are just trying to change the subject. It is just more evidence that the president is a crook...and a horrible businessman...

[Typical Lax Dad]

Maybe he can dust off one of the syllabuses from Trump U. and teach a business class in prison.

[RedFromMI]

Well if you like the 50 star version, after we add DC in Puerto Rico, we could combine North and South Dakota and North and South Carolina.

In a moment here of sobriety, what besides more Democratic electoral votes does adding PR as a state do for you as an American? They themselves prefer to be an independent country. But really, what’s the rationale? Have you actually been to PR? Outside the Ritz Carlton that is. Do you, uhhhhhh, feel that PR is a net win for America?

I’m genuinely interested in replies. I won’t mock anyone.

Two more Senators.

Never been there, but know people who have and who like it.

I have been there (almost week long family reunion in 2008). Great place and great people, who have contributed greatly to the US. I was always treated well during my trip, and would not hesitate to go back.

[njbill]

Chris Wallace is very unhappy. Once again, he is having to rewrite his questions.

[youthathletics]

There is actually a very logical discussion going on in the commercial real estate world about adding ‘more’ sq/ft per tenants. We could see $/sq.ft drop in the short term.

[Typical Lax Dad]

There is actually a very logical discussion going on in the commercial real estate world about adding ‘more’ sq/ft per tenants. We could see $/sq.ft drop in the short term.

Yes. We will see what the long term yield. A friend is treasurer for an IT consulting company. Virtually every major company you can think of is a client to one of their services. They are big in the “conversion to digital” space...what we are witnessing is an increase in working remotely. There will be a balance but the extent to which it impacts RE remains to be seen. It doesn’t look like a win for class A real estate but it’s early.

https://www.ey.com/en_us/real-estate-ho ... iderations

EDIT: https://www.spglobal.com/ratings/en/res ... s-11521088

[njbill]

To pay $750 in income taxes in 2019, your taxable income needs to be about $7500.

If this report is true, this is absolutely disgraceful.

How many Americans paid more than $750 in taxes last year?

I hope Wallace and Biden jump all over this on Tuesday.

[Peter Brown]

To pay $750 in income taxes in 2019, your taxable income needs to be about $7500.

If this report is true, this is absolutely disgraceful.

How many Americans paid more than $750 in taxes last year?

I hope Wallace and Biden jump all over this on Tuesday.

Amazon paid zero.

Why do I have the sense none of you get passive income from real estate properties and therefore will get excited over a subject (tax law) you know very little about?

[Peter Brown]

Well if you like the 50 star version, after we add DC in Puerto Rico, we could combine North and South Dakota and North and South Carolina.

In a moment here of sobriety, what besides more Democratic electoral votes does adding PR as a state do for you as an American? They themselves prefer to be an independent country. But really, what’s the rationale? Have you actually been to PR? Outside the Ritz Carlton that is. Do you, uhhhhhh, feel that PR is a net win for America?

I’m genuinely interested in replies. I won’t mock anyone.

Two more Senators.

Never been there, but know people who have and who like it.

I have been there (almost week long family reunion in 2008). Great place and great people, who have contributed greatly to the US. I was always treated well during my trip, and would not hesitate to go back.

I can say the same about The Bahamas. I’m not asking they become a state.

I am curious where you think PR has ‘contributed greatly to the US’. I’m guessing you don’t actually know anything and this was some simpleminded line.

What SPECIFIC positives do you know about Puerto Rico which would make someone say, ‘you know what, that DOES make sense!’? Tell us something tangible. How would America and not the DNC benefit from PR statehood?

[RedFromMI]

Well if you like the 50 star version, after we add DC in Puerto Rico, we could combine North and South Dakota and North and South Carolina.

In a moment here of sobriety, what besides more Democratic electoral votes does adding PR as a state do for you as an American? They themselves prefer to be an independent country. But really, what’s the rationale? Have you actually been to PR? Outside the Ritz Carlton that is. Do you, uhhhhhh, feel that PR is a net win for America?

I’m genuinely interested in replies. I won’t mock anyone.

Two more Senators.

Never been there, but know people who have and who like it.

I have been there (almost week long family reunion in 2008). Great place and great people, who have contributed greatly to the US. I was always treated well during my trip, and would not hesitate to go back.

I can say the same about The Bahamas. I’m not asking they become a state.

I am curious where you think PR has ‘contributed greatly to the US’. I’m guessing you don’t actually know anything and this was some simpleminded line.

What SPECIFIC positives do you know about Puerto Rico which would make someone say, ‘you know what, that DOES make sense!’? Tell us something tangible. How would America and not the DNC benefit from PR statehood?

First person I knew from PR had a 20 year career as an Army Ranger. Not an atypical story. In spite of not being a state, there have been many who have served our country. And that alone should be a good enough reason.

PR is predominantly Roman Catholic, and so is less ‘liberal’ than you seem to imagine.

You are the one who needs to be informed, and seem too lazy to do your own research.

[RedFromMI]

From Craig Melvin on Twitter a few moments ago, reporting on Joe Biden's response to Trump (stupidly) calling for Biden to be drug tested:

On the record response re President’s drug use claims: “...If the president thinks his best case is made in urine he can have at it. We’d expect nothing less from DT, who pissed away the chance to protect the lives of 200K Americans when he didn't make a plan to stop COVID-19.”

[njbill]

To pay $750 in income taxes in 2019, your taxable income needs to be about $7500.

If this report is true, this is absolutely disgraceful.

How many Americans paid more than $750 in taxes last year?

I hope Wallace and Biden jump all over this on Tuesday.

Amazon paid zero.

Why do I have the sense none of you get passive income from real estate properties and therefore will get excited over a subject (tax law) you know very little about?

Amazon is not an individual taxpayer like Joe at the corner bar.

Yes, I understand how the tax laws work, at least as to individuals.

Putting aside the fact that he apparently was playing games with his deductions, it is obvious why he hasn’t wanted his tax returns made public. This, of course, was one of the main reasons most people guessed as to why he wanted to keep his returns hidden. He understands that this will not play at all well with many in his base and many voters he hopes to attract.

[CU88]

For a decade, IMPOTUS o d paid more for prostitutes than he did in Federal Income Tax.