Excellent information from Dan Alexander, who covers Trump for Forbes re those pesky tax docs...

[Pacifist Patriot]

1/ The New York Times #TrumpTaxReturns story is terrific. I had about a million thoughts as I was reading though. I'll be annotating those here, in this thread, for the next few hours.

THREAD
https://threadreaderapp.com/thread/1310342791336284160.html

TWITTER

Link to tweet

[soothsayer]

1. $1.1B in debt. Sounds like another bankruptcy looming

[Zoonart]

2. Not just any old bankruptcy.

there are just not enough kneecaps to break here. That's why Vlad decided to have him kneecap America. Who do you think backed these loans?

[Maraya1969]

3. It's very possible that #45 intended to file bankruptcy at some point in the future to get away

with not paying back these loans. He takes out loans so he can have money for his businesses but also for himself. 6 times previously he defaulted on everything and still was able to live his lavish lifestyle and get banks, (albeit foreign ones now) to continue to fund him

[Mike 03]

4. So interesting. Alexander (and Forbes) have estimated Trump's net worth

at $2.5 B, but it's unclear if that is a current or prior estimate. In "Disloyal", Michael Cohen estimates Trump's net worth at slightly under 2 B, but says Trump's net worth came under extreme stress in 2015/16/17, making it worth potentially less. Trump properties, Cohen claims, suffered heavy losses during that period.

Kicking. Excellent thread.

[PRETZEL]

5. From reading the thread, it seems totally realistic

of the net worth being in that range.

Alot has been focused on the debt, but not much on the net asset value.

Also although I haven't had the chance to read the full article, I'm hoping someone who has could possible point out if there was a discussion as to his cash flow and net income?

Also, maybe I'm wrong but I had thought over the years the Trump Org. was listed as an S Corp? If true, then that may explain alot of the reasoning behind the great losses he claims on his taxes as income/loss from the Corp gets shown on the individual return. But iin the same token, I think that also leads to a whole slew of other questions regarding the accounting practices of the Trump Org.

[Mike 03]

6. Theoretically, Trump could also be on the hook for another $100 million, at least

for the $72.9 million tax refund almost certainly obtained by fraudulent means, plus interest and penalties.