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StarfishSaver

(18,486 posts)
Sun Sep 27, 2020, 05:20 PM Sep 2020

Breaking: NYTimes has gotten ahold of Trump's tax returns.

And they're as bad as we thought.

No wonder he's been fighting so hard

Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance https://nyti.ms/3jmgeBf

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.
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Breaking: NYTimes has gotten ahold of Trump's tax returns. (Original Post) StarfishSaver Sep 2020 OP
Oh my soothsayer Sep 2020 #1
TAX FRAUD TAX FRAUD TAX FRAUD TAX FRAUD. AZ8theist Sep 2020 #81
NY IRS and Federal IRS have had his returns for decades. former9thward Sep 2020 #105
They had his returns from when he filed them. Totally different than the investigative division napi21 Sep 2020 #115
You are wrong on all counts. former9thward Sep 2020 #117
Money laundering. AZ8theist Sep 2020 #186
Let's see a show of hands --- does this surprise ANYONE??? liberalla Sep 2020 #107
Yes, this should surprise and disgust every decent American PNW-Dem Sep 2020 #166
I'm disgusted, but in no way am I surprised liberalla Sep 2020 #179
I heard an NPR interview a couple days ago wnylib Sep 2020 #183
It's been reported that he values the Trump "Brand"... SergeStorms Sep 2020 #190
Hold on a minute. He has done what so many wanted done. He has run the country like his business. jaxexpat Sep 2020 #111
You said it. zentrum Sep 2020 #176
He Should Have Listened To These Words Of Wisdom smb Sep 2020 #161
That oughta piss off cilla4progress Sep 2020 #2
Yep it oughta but who knows with his base. triron Sep 2020 #82
People already know who they are voting for. kacekwl Sep 2020 #138
I'm on Social Security ChazInAz Sep 2020 #110
Me too, Chaz! On social security, and I paid more in taxes than trump did some years. BComplex Sep 2020 #132
And I bet you don't even have a private jet... AZ8theist Sep 2020 #204
A Useful Fact, My Friend The Magistrate Sep 2020 #3
k&r for visibility. n/t Laelth Sep 2020 #4
As Malaise would say... mercuryblues Sep 2020 #5
Surprise NightWatcher Sep 2020 #7
And it's not even October...yet mercuryblues Sep 2020 #15
Close enough wouldn't you say! StClone Sep 2020 #28
With people already voting, this is a good thing! lastlib Sep 2020 #34
With voting already started in many states, Staph Sep 2020 #57
The "September Surprise" is now "a thing"! calimary Sep 2020 #205
I hope you are right k&r nt backtoblue Sep 2020 #9
And Malaise would also say... Poiuyt Sep 2020 #29
Quite so - now lock him up! malaise Sep 2020 #35
All that NYT fake news, the ass will say. Can't wait to hear his demented and lame RKP5637 Sep 2020 #101
He's already saying it. StarryNite Sep 2020 #145
I would hope. triron Sep 2020 #73
+1 MustLoveBeagles Sep 2020 #123
Right before the debate Aviation Pro Sep 2020 #6
My hubby said this w be good for Biden to make fun of the Con on the debate onetexan Sep 2020 #125
I've been praying for his tax information LuvNewcastle Sep 2020 #8
Now if somebody could get a hold of a pee tape. LisaL Sep 2020 #10
I think that will be revmclaren Sep 2020 #31
Great, more yellow journalism . . . Ramsey Barner Sep 2020 #43
Hopefully the media revmclaren Sep 2020 #45
By I. P. Daley .... nt woodsprite Sep 2020 #202
Maybe the stream will go viral... trc Sep 2020 #46
Viral is right! revmclaren Sep 2020 #48
Well done dameatball Sep 2020 #74
Number 1 priority soothsayer Sep 2020 #64
urine trouble now Kali Sep 2020 #118
THAT made me laugh out loud! calimary Sep 2020 #142
A major leak. reACTIONary Sep 2020 #153
This is getting good leighbythesea2 Sep 2020 #175
I'll bet orangecrush Sep 2020 #197
Should have held them for the last week before the election for maximum impact. PTWB Sep 2020 #11
People are already voting. LisaL Sep 2020 #13
Except people are voting now, and this is the first in a series of articles Mike 03 Sep 2020 #16
No Deuxcents Sep 2020 #33
Democrats are more likely to vote early. PTWB Sep 2020 #69
850,000 people have already voted mcar Sep 2020 #121
Most people do vote Election Day. 34% voted early in 2012 and 41% in 2016. PTWB Sep 2020 #126
A bit more info mcar Sep 2020 #127
The more turnout the better. PTWB Sep 2020 #129
Indeed mcar Sep 2020 #130
There may be bigger things coming..... Maraya1969 Sep 2020 #136
That's the hope. PTWB Sep 2020 #137
This election will be a total limp for Mr. Trump...and wonderful election that we will all love to Stuart G Sep 2020 #169
Right wingers hate paying taxes more than anything else. Ohiogal Sep 2020 #12
You're absolutely right. I'm hoping we see money laundering evidence though nattyice Sep 2020 #19
Some will be highly pissed mercuryblues Sep 2020 #30
You underestimate right wingers ability to explain stuff away. Statistical Sep 2020 #51
Or, Mr.Bill Sep 2020 #65
Yep. They brag about the bankruptcies. Demobrat Sep 2020 #68
You're right. For the illegalities, they will wnylib Sep 2020 #184
Just as we suspected. A broke con man MaryMagdaline Sep 2020 #14
Yup StarfishSaver Sep 2020 #18
Why am I not hearing this on tv Demsrule86 Sep 2020 #17
The story just broke. LisaL Sep 2020 #20
I think it's a sign of how huge the story is StarfishSaver Sep 2020 #23
They're covering it on MSNBC right now, CNN too. onetexan Sep 2020 #131
This is going to be fun Mike 03 Sep 2020 #21
I hope they uncover.... SergeStorms Sep 2020 #191
Book Him Danno. Tommymac Sep 2020 #22
And we know none of this matches up with his banking and insurance documents StarfishSaver Sep 2020 #26
Hello October surprise Dukkha Sep 2020 #24
Delicious! BlueWavePsych Sep 2020 #25
He's not worried. Couple of Nuke deals with Saudis, sucking SayItLoud Sep 2020 #27
ByeDon! malaise Sep 2020 #32
Somebody needs to paint him in the same light as Leona Helmsley Poiuyt Sep 2020 #36
From the linked article ... left-of-center2012 Sep 2020 #37
+1 dalton99a Sep 2020 #41
He has a diversion Deuxcents Sep 2020 #38
A diversion That no one cares about. BannonsLiver Sep 2020 #40
See sub-thread above starting at 10. revmclaren Sep 2020 #55
you 1stl, donnie. ihas2stinkyfeet Sep 2020 #91
The traitor is a lifelong con man and a career criminal. dalton99a Sep 2020 #39
Before anyone says his supporters don't care BannonsLiver Sep 2020 #42
Exactly! rufus dog Sep 2020 #44
K & R and JAIL!! 634-5789 Sep 2020 #47
He loses all this money and has to declare bankruptcy, yet pays cash for Scottish property. cayugafalls Sep 2020 #49
Awww ... nothing left for the kiddies FakeNoose Sep 2020 #124
*ding!* Winner. crickets Sep 2020 #155
Isn't this GREAT? THIS is what Americans have been waiting for!...Ya hoooooo...... Illumination Sep 2020 #50
Oh excellent Hip2bSquare Sep 2020 #52
Bottom line BainsBane Sep 2020 #53
And his supporters are suckers COL Mustard Sep 2020 #75
What a great ad kimbutgar Sep 2020 #54
To the Trump voter this shows that he is a great businessman, making millions and paying no taxes. Pepsidog Sep 2020 #56
It's what they aspire to. Mr.Bill Sep 2020 #70
True. Pepsidog Sep 2020 #106
You don't have to be a great businessman to not pay taxes because you're too broke StarfishSaver Sep 2020 #83
My 23 year older son liked Trump, my 3 other adult kids hate him. My neighbor who is a neurosurgeon Pepsidog Sep 2020 #113
The good news is mtnsnake Sep 2020 #171
Let's hope we never hear from them again. They say cult members snap back pretty quickly once they Pepsidog Sep 2020 #174
Sorta like they cheer tax cuts for the rich (literally ALBliberal Sep 2020 #95
This message was self-deleted by its author ALBliberal Sep 2020 #96
With their usual cognitive dissonance treestar Sep 2020 #164
That's a good way to defund the police also JI7 Sep 2020 #194
+1 uponit7771 Sep 2020 #195
Let the fun begin Gothmog Sep 2020 #58
I can see the rage tweets tomorrow. Initech Sep 2020 #93
This message was self-deleted by its author Tom Traubert Sep 2020 #59
Does Malignia know? May be too late to get a "clean" share of the money. Ha-ha on her. NCjack Sep 2020 #60
Jumped-up Eurotrash sex worker Codeine Sep 2020 #88
Looking forward to the Trumpbillies being evicted from the WH. NCjack Sep 2020 #90
So much. So, so much. nt Codeine Sep 2020 #94
So, in short order: Buns_of_Fire Sep 2020 #61
+1000 smirkymonkey Sep 2020 #135
a bloated sack of rancid monkey pus dmr Sep 2020 #159
He made his bed treestar Sep 2020 #165
He owes 421 Million and has 873 Thousand in property he can sell off. NightWatcher Sep 2020 #62
Whoa! ALBliberal Sep 2020 #99
Message auto-removed Name removed Sep 2020 #63
It is bad! eom mfcorey1 Sep 2020 #79
Tax avoidance matt819 Sep 2020 #66
I Would Like To Hire Those Accountants COL Mustard Sep 2020 #67
It doesn't take financial geniuses to reduce your taxes to $1,000 if you lose a BILLION DOLLARS StarfishSaver Sep 2020 #77
I Guess Paying Taxes COL Mustard Sep 2020 #102
BYE,DON fierywoman Sep 2020 #71
I don't believe Trump Tower is his any longer. llmart Sep 2020 #98
You're probably right. fierywoman Sep 2020 #100
There are a lot of "Trump Towers" around the world... reACTIONary Sep 2020 #157
Thanks for the clarification. llmart Sep 2020 #177
Maybe... I think the first... reACTIONary Sep 2020 #180
without his releaseing his returns we can assume its true rdking647 Sep 2020 #72
"Fake Returns!" he cries. "Not true!" he ballows. Buns_of_Fire Sep 2020 #78
Bingo chriscan64 Sep 2020 #134
Too right. He could clear it all up in no time if he wanted to. 😄 crickets Sep 2020 #158
More people who have been protecting Trump are turning on him Dr. Jack Sep 2020 #76
How many millions did the Russians furnish Trump to keep him solvent? triron Sep 2020 #80
Exactly! bluewater Sep 2020 #85
+100 bronxiteforever Sep 2020 #103
I guess taxpayers like us are losers and suckers..... spanone Sep 2020 #84
I just hope it matters. MontanaMama Sep 2020 #86
$750?!?!?!!! AllyCat Sep 2020 #87
I thought Manhattan DA Vance was still trying to get his taxes thru the courts. brush Sep 2020 #89
NYT Isn't saying, other than... reACTIONary Sep 2020 #162
Mary Trump Renaissance Man Sep 2020 #167
We may eventually find out. nt reACTIONary Sep 2020 #168
I'm here for the campaign ads Sympthsical Sep 2020 #92
Please submit that ad idea to the Biden campaign or Linc Project NT Onward AND Upward Sep 2020 #114
Fortunate son alfredo Sep 2020 #97
ReeeeeeLEEEEAAASE the KRACKEN!!! Onward AND Upward Sep 2020 #104
How about a happy dance? FakeNoose Sep 2020 #120
Sorry...Nothing will stop the confirmation. Thunderbeast Sep 2020 #141
Imagine the cash flow from the last 4 years bucolic_frolic Sep 2020 #108
I KNEW they'd be leaked! I knew it, I knew it. Thank you NYT! FakeNoose Sep 2020 #109
I'm just wondering how NYT got them. wnylib Sep 2020 #188
NYT says they have articles coming out over the next few weeks Dr. Jack Sep 2020 #112
impeach, impeach, impeach!!! Sancho Sep 2020 #116
Kudos to NYT mcar Sep 2020 #119
The beauty of this is he can claim that he's paid millions in taxes TexasBushwhacker Sep 2020 #122
Deutsche Bank saved his ass when on one else would lend to him, along with Nitram Sep 2020 #128
But "they" don't care. Jakes Progress Sep 2020 #133
RICO LAW! RICO LAW! PatrickforO Sep 2020 #139
. Squinch Sep 2020 #199
This is the fatal blow. Good job NYT. mainer Sep 2020 #140
Relevant Google Searches Peaceful Protester Sep 2020 #143
Lock him up marieo1 Sep 2020 #144
Back By Popular Demand... homegirl Sep 2020 #146
Red Ink for the Grifter in Chief Roland99 Sep 2020 #147
The near future WestofDenver Sep 2020 #148
I agree and welcome to DU. If the orange one wins again.... Hotler Sep 2020 #206
He's a ponzi scheme and it is moonscape Sep 2020 #149
l one needs to know... sheshe2 Sep 2020 #150
Any word as to how they got them? Sogo Sep 2020 #151
He and most of his children are going to jail once he is out of office and he is desperate. Boogiemack Sep 2020 #152
He's desperate alright. triron Sep 2020 #170
Methinks questions for Tuesday night's debate are being rewritten. StarryNite Sep 2020 #154
And I'm sure Biden's team is working on some new responses ! reACTIONary Sep 2020 #163
I expect lots of this in the next few days: Music Man Sep 2020 #156
THANK YOU, SANTA! no_hypocrisy Sep 2020 #160
thanks hkp11 Sep 2020 #172
This is the kind of thing Rachel was born for ... StarfishSaver Sep 2020 #178
That cracking sound you hear outside is of the fence breaking and landing smack in our yard. mtnsnake Sep 2020 #173
I wanna see that fuckstick go down IN FLAMES Blue Owl Sep 2020 #181
"We'll be OK. I have a stash in Russia that nobody will ever find." Marcuse Sep 2020 #182
Post removed Post removed Sep 2020 #185
Cool gus1985 Sep 2020 #187
BBC Overnight is covering this right now. wnylib Sep 2020 #189
Stormy Daniels for the head of the IRS,as she is far more successful at getting Trump to pay up ! OnDoutside Sep 2020 #192
Eagerly KnR... N_E_1 for Tennis Sep 2020 #193
So I had an Unintended News Break since Fri Eve... electric_blue68 Sep 2020 #196
great! Locrian Sep 2020 #198
The Times said there's more to come StarfishSaver Sep 2020 #201
i hope so.... Locrian Sep 2020 #203
Where's Greenwald and the Putincept on this? Blue_Tires Sep 2020 #200

former9thward

(31,978 posts)
105. NY IRS and Federal IRS have had his returns for decades.
Sun Sep 27, 2020, 06:56 PM
Sep 2020

They have not found tax fraud. So where exactly is it?

napi21

(45,806 posts)
115. They had his returns from when he filed them. Totally different than the investigative division
Sun Sep 27, 2020, 07:10 PM
Sep 2020

reviewing them & finding problems. Investigations take a long long time, & get even more complicated as each new return is filed. Even though he has accountants prepare his returns, if he's convinced them to "take some chances" THEY are not the one being investigated, HE IS! This is the tip of a very large iceberg that appears to be melting
!

former9thward

(31,978 posts)
117. You are wrong on all counts.
Sun Sep 27, 2020, 07:15 PM
Sep 2020

Are you telling me investigations take more than 40 years??? He has been filling since the 70s at least. Your comment about accountants and tax attorneys who review the returns is just off base.

AZ8theist

(5,453 posts)
186. Money laundering.
Sun Sep 27, 2020, 11:46 PM
Sep 2020

Plus it's not 40 years. The Times article is an in depth view of returns from 2010 to 2016 or thereabouts...

liberalla

(9,237 posts)
107. Let's see a show of hands --- does this surprise ANYONE???
Sun Sep 27, 2020, 07:02 PM
Sep 2020

poor grifting trumpers... walking around so fancy and self-important, yet hiding such a deep, dark, shameful secret...

almost makes me feel ... wait... NAH! not doing that!


PNW-Dem

(244 posts)
166. Yes, this should surprise and disgust every decent American
Sun Sep 27, 2020, 09:05 PM
Sep 2020

I'm so sick and tired of hearing that evidence against tRump won't make a difference. It should and it will. Only the trolls want us to think that these revelations don't matter.

Also, what's his net worth? Is he a billionaire or not? Haven't heard whether or not his tax returns determine that.

Oh yeah, and one more thing, how's that for an October surprise you m'fer?

liberalla

(9,237 posts)
179. I'm disgusted, but in no way am I surprised
Sun Sep 27, 2020, 10:19 PM
Sep 2020

the post I was responding to was: TAX FRAUD TAX FRAUD TAX FRAUD TAX FRAUD

It's an open secret that drumpf is a tax cheat as was his father before him.

wnylib

(21,430 posts)
183. I heard an NPR interview a couple days ago
Sun Sep 27, 2020, 11:21 PM
Sep 2020

with a financial investigator from Forbes. Sorry, I don't remember his name. He said that Trump actually is a billionaire, worth about 2 billion, which is lower than the figure Trump usually gives.

SergeStorms

(19,193 posts)
190. It's been reported that he values the Trump "Brand"...
Mon Sep 28, 2020, 01:56 AM
Sep 2020

at $30 billion. That's the figure he uses for his net worth so he could be included in the Forbes 500 richest men. He won't make the Forbes 1,000,000 from here after. Don Jr. and Eric just started counting the change in their penny jars this evening. Ivanka married money, but if they investigate Jared that might change as well! Maybe there is a god, or Karma, or whatever.

kacekwl

(7,016 posts)
138. People already know who they are voting for.
Sun Sep 27, 2020, 07:47 PM
Sep 2020

This will make no difference to anyone at this point except maybe trump. If everyone votes, well you know the rest.

BComplex

(8,036 posts)
132. Me too, Chaz! On social security, and I paid more in taxes than trump did some years.
Sun Sep 27, 2020, 07:35 PM
Sep 2020

That's just so wrong on so many levels.

mercuryblues

(14,530 posts)
5. As Malaise would say...
Sun Sep 27, 2020, 05:26 PM
Sep 2020

Get thee to the Greatest page.

This is all the media is going to be talking about, going into the debate.

lastlib

(23,212 posts)
34. With people already voting, this is a good thing!
Sun Sep 27, 2020, 05:55 PM
Sep 2020

Why wait any longer to spring it?

It appears that ShitMonkey really is a good businessman, huh?
--- --- --- --- ---
--- --- --- --- ---
--- --- --- --- ---

Poiuyt

(18,122 posts)
29. And Malaise would also say...
Sun Sep 27, 2020, 05:45 PM
Sep 2020

It's pellucidly clear that trump is a crook and that he's been robbing the federal government his whole life.

malaise

(268,925 posts)
35. Quite so - now lock him up!
Sun Sep 27, 2020, 05:55 PM
Sep 2020

Can you imagine the fun Biden will have on Tuesday - if he shows up..

RKP5637

(67,104 posts)
101. All that NYT fake news, the ass will say. Can't wait to hear his demented and lame
Sun Sep 27, 2020, 06:47 PM
Sep 2020

excuses/rationale.

onetexan

(13,036 posts)
125. My hubby said this w be good for Biden to make fun of the Con on the debate
Sun Sep 27, 2020, 07:28 PM
Sep 2020

Couldn't agree more. The NYT timed it perfectly. AND they're planning to release more info in drip drip fashion. Darn, they've taken a page straight from the Idiot's 2016 campaign - releasing info week by week.
Glad this is happening now - they're unmasking the Con for the fraudster that he is.

Joaquin Castro is on MSNBC saying 45's been bought & sold because he needed money & would never have been approved for clearance.

Goodness, i've been bz today & missed the release of the big news. All good - hope this seals his fate.

LuvNewcastle

(16,844 posts)
8. I've been praying for his tax information
Sun Sep 27, 2020, 05:27 PM
Sep 2020

to be released. I want to hear all about his losses, his debts, and where he obtains money to stay afloat. Release that information and we've got him.

calimary

(81,212 posts)
142. THAT made me laugh out loud!
Sun Sep 27, 2020, 07:52 PM
Sep 2020

This may well be my favorite DU thread of all time!

One of ‘em, certainly!

Mike 03

(16,616 posts)
16. Except people are voting now, and this is the first in a series of articles
Sun Sep 27, 2020, 05:32 PM
Sep 2020

that will likely be rather technical.

 

PTWB

(4,131 posts)
69. Democrats are more likely to vote early.
Sun Sep 27, 2020, 06:20 PM
Sep 2020

Depressing Republican turnout and converting late-voting independents will have, by far, the biggest impact.


If the “grab ‘em by the pussy” tape has been released the weekend before the 2016 election we would have HRC as president right now.

 

PTWB

(4,131 posts)
126. Most people do vote Election Day. 34% voted early in 2012 and 41% in 2016.
Sun Sep 27, 2020, 07:31 PM
Sep 2020

Further, more Democrats are voting early than Republicans. Influencing fence-sitting independents and depressing Republican turnout is by far the most important factor.

This year we will certainly be closer to 50/50 due to Covid. That said, a major story dropped immediately before more than half the electorate turns out is absolutely going to have more impact than dropping that story weeks before the election where the impact will not be as concentrated.

Dropping the story now is fine... if they have something equally large to drop in the days immediately before the election.

Stuart G

(38,414 posts)
169. This election will be a total limp for Mr. Trump...and wonderful election that we will all love to
Sun Sep 27, 2020, 09:11 PM
Sep 2020

be into......? Well I tried. ..............ok one more .......

If at first you don't succeed then try again to get it up......

..oh no, not another limp joke.. Well.............let's try to get a good one in this time....Oh No...
failed again to get a good one up to the crowd...?...Stuart..take a break and play it slow for
awhile...

....Failed again.....back to the bedroom...

Ohiogal

(31,977 posts)
12. Right wingers hate paying taxes more than anything else.
Sun Sep 27, 2020, 05:31 PM
Sep 2020

They will just say he’s being smart, gaming the system.

We need to find out just what kind of shell game he’s running, how little his net worth really is, and who he owes.

mercuryblues

(14,530 posts)
30. Some will be highly pissed
Sun Sep 27, 2020, 05:46 PM
Sep 2020

This billionaire is paying far less than they do and they are barely scraping by.

Statistical

(19,264 posts)
51. You underestimate right wingers ability to explain stuff away.
Sun Sep 27, 2020, 06:09 PM
Sep 2020

Just give it 48 hours and you will here them regurgitating right wing talking points
1) It is fake news.
2) Companies sometimes show losses, libtards don't know anything about business.
3) Taxes are theft it is good he didn't pay taxes.
etc, etc, etc

Mr.Bill

(24,280 posts)
65. Or,
Sun Sep 27, 2020, 06:19 PM
Sep 2020

that just proves he's a smart businessman. Gee, I wish I could outsmart the government and not pay any taxes.

Demobrat

(8,970 posts)
68. Yep. They brag about the bankruptcies.
Sun Sep 27, 2020, 06:20 PM
Sep 2020

They’ll just take this as another example of what a brilliant businessman he is.

wnylib

(21,430 posts)
184. You're right. For the illegalities, they will
Sun Sep 27, 2020, 11:33 PM
Sep 2020

just say, "Everyone does it, especially the rich. So what?"

 

StarfishSaver

(18,486 posts)
23. I think it's a sign of how huge the story is
Sun Sep 27, 2020, 05:40 PM
Sep 2020

They're trying to confirm and get some of their own angles before they go with it.

Mike 03

(16,616 posts)
21. This is going to be fun
Sun Sep 27, 2020, 05:38 PM
Sep 2020
His revenue from “The Apprentice” and from licensing deals is drying up, and several years ago he sold nearly all the stocks that now might have helped him plug holes in his struggling properties.

The tax audit looms.

And within the next four years, more than $300 million in loans — obligations for which he is personally responsible — will come due.

SergeStorms

(19,193 posts)
191. I hope they uncover....
Mon Sep 28, 2020, 02:06 AM
Sep 2020

how much he's pilfered from the U.S. taxpayers since being "president". Not only tax fraud charges, but felony theft charges. His "hair" stylist won't be able to go to prison with him. We're going to find out what that shit on his head is, and what it really looks like!

 

StarfishSaver

(18,486 posts)
26. And we know none of this matches up with his banking and insurance documents
Sun Sep 27, 2020, 05:41 PM
Sep 2020

Fraud out the wazoo ...

SayItLoud

(1,702 posts)
27. He's not worried. Couple of Nuke deals with Saudis, sucking
Sun Sep 27, 2020, 05:42 PM
Sep 2020

Putin, some Turkish BS; he'll call in the markers if he hasn't already got their $ in some off shore holding company. And, with a Federal all inclusive pardon for himself and the tRUMP crime family, Supreme court stacked, Federal judges stacked he's got enough $ to tie up every State level claim for a decade. What's he got to worry about? Only his ego.

Poiuyt

(18,122 posts)
36. Somebody needs to paint him in the same light as Leona Helmsley
Sun Sep 27, 2020, 05:55 PM
Sep 2020

The King of Mean? Hmmm, doesn't have quite the same poetic impact.

left-of-center2012

(34,195 posts)
37. From the linked article ...
Sun Sep 27, 2020, 05:56 PM
Sep 2020

The picture that perhaps emerges most starkly from the mountain of figures and tax schedules prepared by Mr. Trump’s accountants is of a businessman-president in a tightening financial vise.

Most of Mr. Trump’s core enterprises — from his constellation of golf courses to his conservative-magnet hotel in Washington — report losing millions, if not tens of millions, of dollars year after year.

And within the next four years, more than $300 million in loans — obligations for which he is personally responsible — will come due.

BannonsLiver

(16,369 posts)
42. Before anyone says his supporters don't care
Sun Sep 27, 2020, 06:00 PM
Sep 2020

Everyone knows that. It’s not about them. There are other people participating in this election besides them. And it will be brought up in the debates.

 

rufus dog

(8,419 posts)
44. Exactly!
Sun Sep 27, 2020, 06:04 PM
Sep 2020

This will piss people off who end up paying 20 to 30% of their income to taxes every year.

Hip2bSquare

(291 posts)
52. Oh excellent
Sun Sep 27, 2020, 06:10 PM
Sep 2020

The whole truth is finally coming out..great business man my arse. He's finally finally going to get what's coming to him. If it isn't prison, it'll be bankruptcy.

Who's going to loan to him after this? Deutsche Bank?? Probably not... russians... what good will drumpf be to them after he's fired??

Hopefully the end of this charade is near and he'll have to lie in the bed he's made.

kimbutgar

(21,130 posts)
54. What a great ad
Sun Sep 27, 2020, 06:10 PM
Sep 2020

The Billionaire you support is actually a loser who pays less taxes than you the hard working blue and white collar worker. $750 is chump change you pay more than that in taxes !!! The ads can be devastating. I’m loving the death by a thousand cuts which will be the thing that brings him down. More stuff is coming that “ might” wake his cult members!

Pepsidog

(6,254 posts)
56. To the Trump voter this shows that he is a great businessman, making millions and paying no taxes.
Sun Sep 27, 2020, 06:11 PM
Sep 2020

Last edited Sun Sep 27, 2020, 08:17 PM - Edit history (1)

Hell he even got a reported $72 million dollar refund.

Pepsidog

(6,254 posts)
113. My 23 year older son liked Trump, my 3 other adult kids hate him. My neighbor who is a neurosurgeon
Sun Sep 27, 2020, 07:08 PM
Sep 2020

and a true Trumper asked my son to tend bar at her home for a Republican congressional candidate she was hosting. She didn't realize my son now hates Trump but he wanted to see what it was like and make connections so he said he would do it. He came home last night and said "Dad these people are nuts, all night all they did was brutally talked about libtards". As a former Trumper it even stunned him. Very discouraging.

mtnsnake

(22,236 posts)
171. The good news is
Sun Sep 27, 2020, 09:18 PM
Sep 2020

that after Biden kicks Trump's ass in the election, many of those same arrogant Trumpsters will go crawling back under their rocks where they used to hang out before their idol along. Most of them, not all, will all of a sudden lose their voices and go back to whatever useless things they used to do that have nothing to do with politics most likely.

Pepsidog

(6,254 posts)
174. Let's hope we never hear from them again. They say cult members snap back pretty quickly once they
Sun Sep 27, 2020, 09:27 PM
Sep 2020

are separated from their leader. But I will never forget all the Trumpers I now who have exposed themselves as the deplorable s Hillary describes. In fact when Biden wins, I hope there is a place for Hillary if she chooses to serve. Let's say AG or better yet as a newly created Trust Buster position at the DOJ focusing on social media companies like Facebook.

ALBliberal

(2,339 posts)
95. Sorta like they cheer tax cuts for the rich (literally
Sun Sep 27, 2020, 06:42 PM
Sep 2020

only helps multi millionaires) and say “But I might be rich someday too”!

Response to Pepsidog (Reply #56)

treestar

(82,383 posts)
164. With their usual cognitive dissonance
Sun Sep 27, 2020, 09:03 PM
Sep 2020

Since he had so many losses to write off - he can't be a good businessman and not pay taxes at the same time.

Response to StarfishSaver (Original post)

Buns_of_Fire

(17,174 posts)
61. So, in short order:
Sun Sep 27, 2020, 06:17 PM
Sep 2020

(1) He's going to lose his job along with the revenue stream from Uncle Sugar;
(2) He's got balloon payments coming due;
(3) His almighty "brand" is becoming worthless;
(4) The IRS is getting ready to pounce;
(5) As is the state of New York; and
(6) He's sure not getting any better looking or smarter.

If he wasn't such a bloated sack of rancid monkey pus, I'd almost feel sorry for him.

dmr

(28,347 posts)
159. a bloated sack of rancid monkey pus
Sun Sep 27, 2020, 08:49 PM
Sep 2020

OMG, your description made me laugh out loud that I woke Jack, the dog. Poor old fella.

But he's back to snoring again. Good boy, Jack.

Response to StarfishSaver (Original post)

matt819

(10,749 posts)
66. Tax avoidance
Sun Sep 27, 2020, 06:19 PM
Sep 2020

Can’t wait until that’s recategorized as tax evasion. And then there are his hundreds of LLCs that undoubtedly conceal all sorts of criminal activity.

COL Mustard

(5,897 posts)
67. I Would Like To Hire Those Accountants
Sun Sep 27, 2020, 06:20 PM
Sep 2020

Ok, not really, but I pay a hello a lot more in taxes than he has, according to those documents.

 

StarfishSaver

(18,486 posts)
77. It doesn't take financial geniuses to reduce your taxes to $1,000 if you lose a BILLION DOLLARS
Sun Sep 27, 2020, 06:27 PM
Sep 2020

The average person pays more in taxes than Donald Trump does because we earn more money in a year, have a higher net worth, and are more financially solvent than he is

llmart

(15,536 posts)
98. I don't believe Trump Tower is his any longer.
Sun Sep 27, 2020, 06:44 PM
Sep 2020

Didn't I read that they were preparing to take his name off it soon?

reACTIONary

(5,770 posts)
157. There are a lot of "Trump Towers" around the world...
Sun Sep 27, 2020, 08:43 PM
Sep 2020

.... Some (all? most?) are brand licensing deals. The brand is suffering, so the real owners are dumping the trumping.

Trump Tower NY is actually owned by him, and is one of his few profitable ventures. It isn't changing its name.

reACTIONary

(5,770 posts)
180. Maybe... I think the first...
Sun Sep 27, 2020, 10:35 PM
Sep 2020

... re-branding was a Trump resort hotel in Central or South America. As soon as Trump was elected, revenue went to zero. The owners took direct action - they tore the trump name off the facade, physically removed the trump management team, and stopped paying license and management fees.

I think they started to serve a Dark and Stormy Daniels cocktail at the bar.

Buns_of_Fire

(17,174 posts)
78. "Fake Returns!" he cries. "Not true!" he ballows.
Sun Sep 27, 2020, 06:28 PM
Sep 2020

"Well, there's an easy way to prove that, isn't there?" say I.

Dr. Jack

(675 posts)
76. More people who have been protecting Trump are turning on him
Sun Sep 27, 2020, 06:25 PM
Sep 2020

They know which day the winds are blowing and want to be as far away from Trump when he implodes in a few weeks

MontanaMama

(23,307 posts)
86. I just hope it matters.
Sun Sep 27, 2020, 06:34 PM
Sep 2020

The people that need to understand what a con artist he is will not care. However, I will thoroughly enjoy his humiliation.

AllyCat

(16,177 posts)
87. $750?!?!?!!!
Sun Sep 27, 2020, 06:37 PM
Sep 2020

Our family has paid in over that much every year for the past 8 because of Walker tax cuts and then the GOP tax scam in 2018. EVERY F*CKING YEAR. We work an incredible number of hours and this rat bastard paid $750 ???

brush

(53,764 posts)
89. I thought Manhattan DA Vance was still trying to get his taxes thru the courts.
Sun Sep 27, 2020, 06:38 PM
Sep 2020

How would the NYT get them before Vance, or do they have something other than his actually tax documents?

reACTIONary

(5,770 posts)
162. NYT Isn't saying, other than...
Sun Sep 27, 2020, 08:54 PM
Sep 2020

.... disclosing that their source has legal access to the documents and that they can confirm their authenticity through comparison with publicly available information.

The "legal access" is important because for legally obtained documents first amendment rights are applicable. If the documents were illegally obtained, publication would be more problematic.

They are not providing the documents themselves because, they say, doing so would revile the source.

Renaissance Man

(669 posts)
167. Mary Trump
Sun Sep 27, 2020, 09:06 PM
Sep 2020

One person who would have access to Trump’s tax returns would be Mary Trump. She’s worked with The NY Times already, and she has a pending suit against the Trump family for stuffing her on her inheritance.

alfredo

(60,071 posts)
97. Fortunate son
Sun Sep 27, 2020, 06:43 PM
Sep 2020

“Some folks are born silver spoon in hand
Lord, don't they help themselves, oh
But when the taxman comes to the door
Lord, the house looks like a rummage sale, yes”

John Fogarth and CCR

Onward AND Upward

(122 posts)
104. ReeeeeeLEEEEAAASE the KRACKEN!!!
Sun Sep 27, 2020, 06:55 PM
Sep 2020




I bet someone from the Times has called the proper White House liaison and informed them that the story that reveals the Russian money laundering connections, in his returns, is teed up and will break Mon or Tue, and they are wondering if the Con would like to make a statement beforehand...

And you...Boney Carrott...can most likely hit the road!!!
Mcturdle is probably not gonna put your sorry Handmaid's ass through the confirmation process now.

President Biden, please take no prisoners during the debate (if he shows up). Hammer the Con till he cries on stage, it WILL be necessary.

Edited for sub confirmation in place of nomination.

Thunderbeast

(3,406 posts)
141. Sorry...Nothing will stop the confirmation.
Sun Sep 27, 2020, 07:51 PM
Sep 2020

The Christo-fasciests WILL NOT let this opportunity go in the name of fairness, ethics, or prescident.

They truly believe that their magic man in the sky sent RBG to her grave so their prayers would be answered. God wants male domination, no sexual joy, no responsibility for our fellow citizens, and most importantly, NO TAXES OR REGULATION!

bucolic_frolic

(43,128 posts)
108. Imagine the cash flow from the last 4 years
Sun Sep 27, 2020, 07:02 PM
Sep 2020

that we haven't seen. Government assets have been grifted away?

FakeNoose

(32,630 posts)
109. I KNEW they'd be leaked! I knew it, I knew it. Thank you NYT!
Sun Sep 27, 2020, 07:03 PM
Sep 2020

I waited all year for this stuff to be leaked. It had to happen.
Now the next thing we need are the unredacted pages of Mueller's report.


Dr. Jack

(675 posts)
112. NYT says they have articles coming out over the next few weeks
Sun Sep 27, 2020, 07:08 PM
Sep 2020

On things found in Trump's taxes. Whatever we know so far is only the tip of the iceberg

mcar

(42,301 posts)
119. Kudos to NYT
Sun Sep 27, 2020, 07:21 PM
Sep 2020

I complain about them often enough, but credit where it's due.

Wading through now and, wow, what a huge amount of information they have. I can understand why it took so long to assemble the stories.

TexasBushwhacker

(20,174 posts)
122. The beauty of this is he can claim that he's paid millions in taxes
Sun Sep 27, 2020, 07:24 PM
Sep 2020

and now we can say "Prove it".

Ultimately, I don't think he's nearly as wealthy as he claims to be.

Nitram

(22,791 posts)
128. Deutsche Bank saved his ass when on one else would lend to him, along with
Sun Sep 27, 2020, 07:32 PM
Sep 2020

Russians who bought his real estate way above market value to launder their ill-begotten money.

Jakes Progress

(11,122 posts)
133. But "they" don't care.
Sun Sep 27, 2020, 07:37 PM
Sep 2020

The don't care that he separates families and locks the children in cages,
that he makes fun of the disabled and derides our soldiers as losers,
that he lies constantly,
that he shares security information with Russia,
that he facilitates tens of thousands of American deaths from Covid,
that he uses our highest office as a money making racket for himself.

We can all extend the list. But his voters don't care about any of that.
The don't care about their religion, their country, their economy.

All they care about is that he pisses off liberals. As long as he does that, they will vote for him.

mainer

(12,022 posts)
140. This is the fatal blow. Good job NYT.
Sun Sep 27, 2020, 07:49 PM
Sep 2020

It combines outrage and ridicule. He paid $70,000 for hair care?? What can anyone — including his sycophants— do but jeer at him?

Peaceful Protester

(280 posts)
143. Relevant Google Searches
Sun Sep 27, 2020, 07:56 PM
Sep 2020

Last edited Mon Sep 28, 2020, 12:31 PM - Edit history (1)

• Phrase Googled: trump panama papers
• About 4,330,000 results (0.37 seconds)
• Phrase Googled: trump panama papers site:democraticunderground.com
• About 679 results (0.37 seconds)
--
• Phrase Googled: trump paradise papers
• About 2,530,000 results (0.40 seconds)
• Phrase Googled: trump paradise papers site:democraticunderground.com
• About 169 results (0.28 seconds)
--
• Phrase Googled: trump met russians miss universe
• About 5,920,000 results (0.49 seconds)
• Phrase Googled: trump met russians miss universe site:democraticunderground.com
• About 421 results (0.38 seconds)
--
• Phrase Googled: trump denies russian business ties
• About 9,700,000 results (0.45 seconds)
• Phrase Googled: trump denies russian business ties site:democraticunderground.com
• About 875 results (0.36 seconds)
--
• Phrase Googled: don jr denies russian business ties
• About 15,700,000 results (0.53 seconds)
• Phrase Googled: don jr denies russian business ties site:democraticunderground.com
• About 698 results (0.39 seconds)

______________________________________________________________________________________________


Background:

Using the Google Search Engine, I came up with two identical search phrases and added 'site:democraticunderground.com' to the second phrase. This allows a search of the Democratic Underground website to be conducted. If you care to replicate any of the searches above, there are quite a few interesting stories. The resultant record size of each search speaks volumes to the amount of investigative reporting that has already been done.

Panama Papers:

The Panama Papers are 11.5 million leaked documents that detail financial and attorney–client information for more than 214,488 offshore entities.

The Paradise Papers:

The Paradise Papers are a set of 13.4 million confidential electronic documents relating to offshore investments that were leaked to the German reporters Frederik Obermaier and Bastian Obermayer, from the newspaper Süddeutsche Zeitung.

The Paradise Papers are essentially version 2.0 of the Panama Papers, albeit smaller with 1.4 terabytes of data leaked compared with 2.6 terabytes in the 2016 Panama Papers leak.

Russian Business Ties:

In January 2017, BuzzFeed News reported the existence of the unverified Trump–Russia dossier (also called the Steele dossier), which alleges connections between Trump associates and Russia. In response to ongoing questions in May 2017, White House press secretary Sean Spicer said that Trump has no business connections to Russia. In addition, both Trump and his son have also reiterated Trump has no business connections to Russia.

marieo1

(1,402 posts)
144. Lock him up
Sun Sep 27, 2020, 08:05 PM
Sep 2020

I have one thing to say..............LOCK HIM UP!!! ........................NOW.........let the rest of his years on this earth be spent in prison.

homegirl

(1,428 posts)
146. Back By Popular Demand...
Sun Sep 27, 2020, 08:11 PM
Sep 2020
The Hunt For Red October

We all knew it was coming-but, such perfect timing!!!

moonscape

(4,673 posts)
149. He's a ponzi scheme and it is
Sun Sep 27, 2020, 08:16 PM
Sep 2020

all finally going to collapse. Once he's out of office he has nothing to offer bad actors to keep him afloat.

sheshe2

(83,739 posts)
150. l one needs to know...
Sun Sep 27, 2020, 08:17 PM
Sep 2020

All one needs to know is he has fought tooth and nail to have his taxes hidden for years.

There was a reason for that.

Sogo

(4,986 posts)
151. Any word as to how they got them?
Sun Sep 27, 2020, 08:18 PM
Sep 2020

(I ask this not having read all the other responses wherein the answer might be contained....)

 

Boogiemack

(1,406 posts)
152. He and most of his children are going to jail once he is out of office and he is desperate.
Sun Sep 27, 2020, 08:19 PM
Sep 2020

He knows it. Congressmen have gone to jail for avoid much less taxes. This ought to stop ANT SCOTUS appointment right fucking now!! If Mitch continues with his bullshit, he MUST be defeated!

Music Man

(1,184 posts)
156. I expect lots of this in the next few days:
Sun Sep 27, 2020, 08:42 PM
Sep 2020

"This just shows how smart Trump is. The IRS is full of deep state liberals, and this proves what a great businessman Trump is. Who wouldn't try to get out of paying taxes? Trump is a genius."

hkp11

(275 posts)
172. thanks
Sun Sep 27, 2020, 09:25 PM
Sep 2020

I think Rachel Maddow will have Susanne Craig from NYT tomorrow night to cover what they found about Drumpf's taxes.

mtnsnake

(22,236 posts)
173. That cracking sound you hear outside is of the fence breaking and landing smack in our yard.
Sun Sep 27, 2020, 09:25 PM
Sep 2020

Anyone who has been sitting on the fence trying to decide which way they are going to vote should have no trouble at all with their decision making process as of this moment in time.

Response to StarfishSaver (Original post)

wnylib

(21,430 posts)
189. BBC Overnight is covering this right now.
Mon Sep 28, 2020, 12:23 AM
Sep 2020

They say that the NYT story reveals that Trump inflated income to get loans, inflated expenses to get tax deductions, which we already suspected from many reports and comments, but this is evidence of it.

They played Trump's response from a press conference and predictably his first words were, "Fake news. All of it."

Their political analyst said he belueved that this might actually affect his base numbers. He expects to see buttons popping up overnight that say, "I paid more taxes than Donald Trump.

If this comes up in the debate, which is likely, how will Biden respond to the fake news excuse? I hope he's got a good comeback.

electric_blue68

(14,869 posts)
196. So I had an Unintended News Break since Fri Eve...
Mon Sep 28, 2020, 06:59 AM
Sep 2020

I got the Hulu 1 month free trial Fri Eve so I could watch S2 & S3 of The Handmaid's Tale, after borrowing S1 from the Library late last year.

It was so compelling (brutal show, brilliantly done) I just had to keep watching. So I didn't have any news until w ? 5 eps to go, I caught a quick comment on fb from an acquaintance.

Wait... What!?!
She gave me a quick answer, I made a quick comment, and went back to binging the rest. So I'll just say...

Bwaahahahaaaaaaa 😜😝😂😂🤣🤣

...for now. (haven't gone to sleep yet)

What an amazing piece of news to be the first thing I read about!!!
Can't wait to read the details, and comments on DU later this afternoon!

Locrian

(4,522 posts)
198. great!
Mon Sep 28, 2020, 08:15 AM
Sep 2020

Hopefully the tip of the iceberg and it also shows some dirty connections and deals

Look for a full on twitter nuclear meltdown today! This will be a direct hit to his image

edit: damn that's not an article it's a book! They did a great job, will have to find a few hours to read thru it.
https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html

Locrian

(4,522 posts)
203. i hope so....
Mon Sep 28, 2020, 01:27 PM
Sep 2020

"not paying taxes" is just going to sound "smart" by his base as in "a lot of big business don't pay much if any taxes" etc.

But if it's money laundering, false reporting, numbers not adding up, etc - that's a different (*I hope) story.

Blue_Tires

(55,445 posts)
200. Where's Greenwald and the Putincept on this?
Mon Sep 28, 2020, 09:01 AM
Sep 2020

I seem to remember him going through Hillary's returns with a microscope

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