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Bernardo de La Paz

(60,320 posts)

66. Trump lies to avoid all other taxes too. Says golf course worth 50 million but no, worth 1.35 millio

Sun Oct 2, 2016, 01:10 AM

Oct 2016

http://www.democraticunderground.com/12512459121

Donald J. tRump lies to avoid tax or lies to pump his net worth for the campaign. Both can't be true.

When it is for declaring property taxes, he says it is worth $1.35 million.

When it is for candidate declaration forms, which are public and play in the election, he says it is worth $50 million.

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Trump Tax Records . . . Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades [View all] swag Oct 2016 OP

Was about to post - just got a breaking banner BumRushDaShow Oct 2016 #1

Yeah, I edited it and explained in edits. swag Oct 2016 #2

I was trying to do the same thing with shortening the title BumRushDaShow Oct 2016 #4

Great minds think alike. swag Oct 2016 #9

If you lose that much greymattermom Oct 2016 #3

It's a pyramid scheme, new people bring in the cash flow Foggyhill Oct 2016 #6

AND apparently he's been using his 'non profit' foundation to launder money groundloop Oct 2016 #14

and boom goes the dynamite Loki Liesmith Oct 2016 #5

This is a magic trick LastLiberal in PalmSprings Oct 2016 #97

WOW Gothmog Oct 2016 #7

That scum has been getting a free ride for some time, now ailsagirl Oct 2016 #8

Hopefully will produce a 3am TrumpTweetStorm overnight or Monday morning bucolic_frolic Oct 2016 #10

I remember seeing an article recently BumRushDaShow Oct 2016 #21

Goooood Corporate Sleuthing! bucolic_frolic Oct 2016 #23

I've had a subscription to the NY Times since 1976 BumRushDaShow Oct 2016 #26

If true, it's time for his supporters to saltpoint Oct 2016 #11

They won't care. christx30 Oct 2016 #32

Yep. So many are intractable. saltpoint Oct 2016 #34

Hang on for a second here jmowreader Oct 2016 #12

Most certainly much of that was accounting tricks, loopholes, etc. groundloop Oct 2016 #16

Donald Trump has more gall than just about LuvNewcastle Oct 2016 #35

He's got more gall than a bladder......n/t mrmpa Oct 2016 #67

And How Ccarmona Oct 2016 #57

Legitimate banks HAVE denied any future requests for loans jmowreader Oct 2016 #61

this is why he does not want his taxes released Skittles Oct 2016 #79

NYT Headline Misses the Point GopherGal Oct 2016 #88

He's smart. progressoid Oct 2016 #94

Wow unbelievable Kathy M Oct 2016 #13

How many October Suprises will there be. Who wants to guess? One a day, more ...... LOL Coyotl Oct 2016 #15

They threaten to sue Rose Siding Oct 2016 #17

Trump lies to avoid all other taxes too. Says golf course worth 50 million but no, worth 1.35 millio Bernardo de La Paz Oct 2016 #66

Two words: SwankyXomb Oct 2016 #89

Katrina Pierson is going to have to saltpoint Oct 2016 #18

She'll be going from show to show BumRushDaShow Oct 2016 #24

LOL. eom saltpoint Oct 2016 #25

I am not surprised he has not paid any taxes, my question is how does he plan to Thinkingabout Oct 2016 #19

The revelation is not that he doesn't pay taxes, but that he's essentially a horrible businessman Foggyhill Oct 2016 #20

It concerns me he has stiffed people over the years, several bankruptcies and in his plan. Thinkingabout Oct 2016 #33

I bet a smart lawyer could lump many of them into a RICO or class action lawsuit. . nt Bernardo de La Paz Oct 2016 #68

Bingo! smirkymonkey Oct 2016 #90

K&R fleabiscuit Oct 2016 #22

He don't pay no tax saltpoint Oct 2016 #27

Good one! spooky3 Oct 2016 #46

Hi, spooky3. It's not very saltpoint Oct 2016 #48

I don't think you'll have to worry about that. spooky3 Oct 2016 #50

: ) eom saltpoint Oct 2016 #51

Can't let this pass without a "+bigly number" JHB Oct 2016 #52

Thanks, JHB. The $916 million story is saltpoint Oct 2016 #54

Could it be Meredith McIver? Mozzonozzo Oct 2016 #28

I noticed that as well..... Berlin Expat Oct 2016 #78

This actually may help unless counterpoint is made kcjohn1 Oct 2016 #29

Could he have purposely let the business sustain massive losses in madaboutharry Oct 2016 #30

That's what the article says. The accounting trick is if you must declare a loss you magnify it. nt Bernardo de La Paz Oct 2016 #69

Is a tax loss an asset one gets to keep through a bankruptcy? Thor_MN Oct 2016 #31

If that's the case, you can actually live off the losses!!! Foggyhill Oct 2016 #58

Trump brags about using "Other People's Money". Also reason he stiffs contractors & small biz. nt Bernardo de La Paz Oct 2016 #70

Psst. There are no "mods", and haven't been since DU3 launched years ago JHB Oct 2016 #36

There are, for the LBN forum (called "hosts"). spooky3 Oct 2016 #49

I know (and have been one) JHB Oct 2016 #56

Then you understand why OP was concerned about the title. spooky3 Oct 2016 #62

Bingo. We always knew it was big. This flim-flam artist has LuckyLib Oct 2016 #37

Is this spreading around twitter ? Kathy M Oct 2016 #38

Not sure, but here is the HuffPost headline: saltpoint Oct 2016 #40

Thanks Kathy M Oct 2016 #42

- - - - saltpoint Oct 2016 #43

ABC and CNN also are running it. saltpoint Oct 2016 #44

I would think they are a bit tense Kathy M Oct 2016 #59

Top trending PasadenaTrudy Oct 2016 #45

They have 3 state returns. I can't find a federal return postatomic Oct 2016 #39

So he goes from "I'm smart for not paying taxes" to Jarqui Oct 2016 #41

Exactly. Glimmer of Hope Oct 2016 #53

After a $916 million tax credit and filing bankrupty six times mdillen Oct 2016 #47

Use other people's money and lie about it. That's his idea to make America great again / whatever. Bernardo de La Paz Oct 2016 #71

Wiw vadermike Oct 2016 #55

Time to keep an eye on Twitter. 3 AM shit storm coming. sarcasmo Oct 2016 #60

This story is all over the place now Doctor Jack Oct 2016 #63

#LastTimeTrumpPaidTaxes sarcasmo Oct 2016 #64

The depressing thing is that there's nothing illegal in this. Kablooie Oct 2016 #65

IF you go through a bankruptcy and can keep the losses, then you can profit from bankruptcy! Foggyhill Oct 2016 #72

Of Course, If He Is Pumping Up The Value of His Losses... TomCADem Oct 2016 #73

it's a scandal because HE CLAIMS HE IS SO SAVVY Skittles Oct 2016 #80

Who leaked? Dworkin Oct 2016 #74

Leaked by Marla Maples? muriel_volestrangler Oct 2016 #75

I was thinking exactly the same thing. Koinos Oct 2016 #84

Almost a billion in losses in just ONE YEAR!!! thelordofhell Oct 2016 #76

5 Well Known Web Sites Have the Trump Tax Avoidance Story at the very Top... Stuart G Oct 2016 #77

CNN JustAnotherGen Oct 2016 #85

Tax con man gademocrat7 Oct 2016 #81

"Tax Cheat Don" Stuart G Oct 2016 #82

hopefully these are real...remember when Dan Rather was set up with bush's TANG beachbum bob Oct 2016 #83

That is why NY Times investigator went to Florida to confirm docs with the accountant wishstar Oct 2016 #95

The yuge loss broke the tax prep software & it had to be manually typed; it was that stupefying. .nt Bernardo de La Paz Oct 2016 #86

I caught that too. The tax preparer had to manually type in two extra digits! SunSeeker Oct 2016 #92

IMO, the Republican himself released those couple pages. Our IRS has to 'service' these tax dodgers. Sunlei Oct 2016 #87

This sure ended Trump's horrific week with a bang. SunSeeker Oct 2016 #91

"Only little people pay taxes." cagefreesoylentgreen Oct 2016 #93

Adding link to WaPo. mahatmakanejeeves Oct 2016 #96

This is why tax cuts for the rich are bad, people!!! Initech Oct 2016 #98