Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Phoenix61

(17,000 posts)
Thu Jul 16, 2020, 03:11 PM Jul 2020

What's in Twitler's tax returns.

What's in his tax returns are valuations he
placed on assets. Valuations that are vastly different from the ones he listed on loan applications to secure loans. This is illegal. If he had inside help at the bank and they used falsified tax returns his true tax returns being examined by a DA would spell big trouble not just for Twitler but for those complicit at the bank. If he blackmailed those at the bank to be complicit he’s in even more trouble. I’ve no doubt this is what happened.

5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
What's in Twitler's tax returns. (Original Post) Phoenix61 Jul 2020 OP
I believe that's only part of it. louis-t Jul 2020 #1
This! ProfessorGAC Jul 2020 #3
He is a TERRIBLE businessman and he has the worst 'instincts' louis-t Jul 2020 #5
Yep. Bank fraud and tax fraud, at a minimum. fleur-de-lisa Jul 2020 #2
Money laundering for Putin. lagomorph777 Jul 2020 #4

louis-t

(23,288 posts)
1. I believe that's only part of it.
Thu Jul 16, 2020, 03:15 PM
Jul 2020

His wealth is not what he claims it is, his income is not what he claims it is, I think there is also some unclaimed income that would be found. He lies, he cheats, he steals. He's fucked if they are ever released.

ProfessorGAC

(64,988 posts)
3. This!
Thu Jul 16, 2020, 03:41 PM
Jul 2020

It shows the debt load is far higher than advertised & asset value far lower.
My guesstimate, based on the Moody's report and the revelations about other foreign debt, is that this "stable genius businessman" has had an ROIC of under 1% his whole life.
Over a business period where market aggregate was nearly 9%.

Latest Discussions»General Discussion»What's in Twitler's tax r...