These Trump returns are a vivid example of why the taxes I support are those that are easiest to collect and the hardest to avoid. We should be taxing economic activity indescrimenantly and making the poor whole with large redistribution payments.
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Jeez can’t I take a nap on a Sunday afternoon?
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No, now you have to take a superstition nap every day from now until the last ballot is cast.
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Of course he is. He did it four years ago. He’ll do it again. Dissenters shake their heads in disapproval. Supporters nod in approval. Life goes on as normal–or what passes as normal in these times.
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Yes, of course. Need to be prepared for that.
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I have no special knowledge about his affairs (the business ones, not the porn star ones) but a very stupid person with real estate will not stay rich. They will mortgage mortgage mortgage until they default. So it wouldn’t surprise me at all if he owes hundreds of millions of dollars.
There were alot of people who were legitimately duped by his argument that as a successful business he would be a good person to run the country. Sure his supporters will come down on his side but keep hammering the message that he’s a money losing loser who loses at business.
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There are definitely smart people who use maximum leverage in commercial real estate. They are either:
- Not personally liable for the loans, or
- Doing deals with very little risk (think building pre-leased warehouses for Amazon), or
- Extremely well-capitalized, with immense liquidity, but the IRR models better with leverage and they will write a check if anything goes sideways
Trump is none of these. He is a “loan to own” lender’s wet dream.
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Same story reports he has $415M in loans maturing in next 4 years. It’s stay president or bankruptcy.
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Now might not be a bad time to point out how the deficit has ballooned under his watch.
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I bet this SCOTUS will be the one that sets the precedent that a person’s finances are 100% private, like their medical records.
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The consulting fees were paid to Ivanka.
Worse it going to rule a sitting president can’t be held responsible for his debts.
He took a $700,000 write off for paying fees to her which she claimed as income.
Unless they’re student loans…
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No, that’s a separate consulting fees scam that creates sham deductions and evades payroll taxes. The ones I’m referencing are from Azerbaijan and Turkey. Trump (or someone else) pays a bribe then writes it off as a “consulting expense.”
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yeah, this is the take. he’s not avoiding taxes by being “smart” as he argued in the 2016 debates, he was fucking broke and barely staying afloat by grifting.
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I like tax returns that don’t get captured
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I’m glad some of you guys understand this stuff but I also hope keed comes by to argue the other side bc lol.
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