Originally published at: https://boingboing.net/2019/05/07/ten-years-of-trump-tax-info-ob.html
“Year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer” — NYT
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Why do I think there is some yelling at the WH tonight? Hillary on Rachel Maddow: “China, if you are listening…”
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It takes a “special” kind of business tycoon to lose money on a casino resort. One has to put in real effort to be that incompetent (his Know-Nothing base will once again recognise themselves in their hero).
This article is one major part of the answer to the question: why did reputable Western banks stop lending money to this supposed genius? The follow-up question to be answered by more recent tax returns will be: who exactly did he have to get himself in hock to in order to maintain his fraudulent image? The beeznus loans to America’s foremost public grifter weren’t all from troubled banks like DB and Wells Fargo.
After that? Fingers crossed…
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The headline on The_Donald:
" THIS IS WAR! How The F does the NYT get Trumps tax info? The IRS doesn’t leak! Oddly just today Rush was talking about this. Then again, don’t be surprised if “John Miller” leaked this. He didn’t have to pay taxes all those years."
This is how I see them:
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𝔖𝔦𝔤𝔥 𝔫𝔬 𝔪𝔬𝔯𝔢, 𝔫𝔞𝔱𝔦𝔬𝔫; 𝔰𝔦𝔤𝔥 𝔫𝔬 𝔪𝔬𝔯𝔢.
𝔉𝔬𝔯 𝔱𝔥𝔢 𝔇𝔬𝔱𝔞𝔯𝔡 𝔴𝔞𝔰 𝔞 𝔇𝔢𝔠𝔢𝔦𝔳𝔢𝔯, 𝔢𝔳𝔢𝔯.
𝔒𝔫𝔢 𝔣𝔬𝔬𝔱 𝔬𝔫 𝔰𝔢𝔞, 𝔞𝔫𝔡 𝔬𝔫𝔢 𝔬𝔫 𝔰𝔥𝔬𝔯𝔢,
𝔗𝔬 𝔬𝔫𝔢 𝔱𝔥𝔦𝔫𝔤 𝔠𝔬𝔫𝔰𝔱𝔞𝔫𝔱, 𝔑𝔢𝔳𝔢𝔯.
𝔖𝔦𝔤𝔥 𝔫𝔬 𝔪𝔬𝔯𝔢, 𝔫𝔞𝔱𝔦𝔬𝔫; 𝔰𝔦𝔤𝔥 𝔫𝔬 𝔪𝔬𝔯𝔢.
𝔉𝔬𝔯 𝔱𝔥𝔢 𝔇𝔬𝔱𝔞𝔯𝔡 𝔴𝔞𝔰 𝔞 𝔇𝔢𝔠𝔢𝔦𝔳𝔢𝔯, 𝔢𝔳𝔢𝔯.
𝔒𝔫𝔢 𝔣𝔬𝔬𝔱 𝔬𝔫 𝔰𝔢𝔞, 𝔞𝔫𝔡 𝔬𝔫𝔢 𝔬𝔫 𝔰𝔥𝔬𝔯𝔢,
𝔗𝔬 𝔬𝔫𝔢 𝔱𝔥𝔦𝔫𝔤 𝔠𝔬𝔫𝔰𝔱𝔞𝔫𝔱, 𝔑𝔢𝔳𝔢𝔯.
𝔖𝔦𝔤𝔥 𝔫𝔬 𝔪𝔬𝔯𝔢, 𝔫𝔞𝔱𝔦𝔬𝔫; 𝔰𝔦𝔤𝔥 𝔫𝔬 𝔪𝔬𝔯𝔢. 𝔉𝔬𝔯 𝔱𝔥𝔢 𝔇𝔬𝔱𝔞𝔯𝔡 𝔴𝔞𝔰 𝔞 𝔇𝔢𝔠𝔢𝔦𝔳𝔢𝔯, 𝔢𝔳𝔢𝔯. 𝔒𝔫𝔢 𝔣𝔬𝔬𝔱 𝔬𝔫 𝔰𝔢𝔞, 𝔞𝔫𝔡 𝔬𝔫𝔢 𝔬𝔫 𝔰𝔥𝔬𝔯𝔢, 𝔗𝔬 𝔬𝔫𝔢 𝔱𝔥𝔦𝔫𝔤 𝔠𝔬𝔫𝔰𝔱𝔞𝔫𝔱, 𝔑𝔢𝔳𝔢𝔯.
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Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years
how do we know that? he wouldnt be the first one pretending to loose money with his business to avoid taxes. I mean, he is a full-blown scammer his whole life, right?
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Not enough. That’s only 10 years, from 1985 to 1994, and only partial information.
I want to have the last 35 years of returns, with all of the schedules.
If the IRS had it, we should too. He is no longer a private citizen and we should know everything relevant about his financial history, as that was the expertise he promoted, all the way into the Oval Office.
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Hey, Donny, Donny
Welcome to thine cell
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trump’s sister looks like a reasonable loose thread to start pulling on…
(Damn you Bill Clinton for appointing her.)
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With a losing decade he must have done amazingly well the rest of the time to be as rich as Forbes thinks he is.
How does Forbes come up with those numbers anyways?
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Here’s their methodology as of 2011. Not exactly rigorous:
It gave Il Douche (and his “spokesman”) enough room to cheat on them in his characteristic fashion early on:
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How bad do you have to be to lose money at running a casino?
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paying back investors?
also a thing i’m unclear on: the difference between trump and his companies. like maybe he owns very little himself but his companies own all the things for tax purposes?
he seems to deliberately and illegally blur the difference ( like his “charity” buying paintings for him ) - so maybe it’s unanswerable…
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Trump’s returns over the last couple decades will show he is owned by Putin-linked banks. Trump will nuke Tehran, Pyongyang, and/or Caracas before he will allow his financials made public. Get ready.
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Of course Trump has been trying, more than anything, to keep his tax information from coming out because as the information dribbles out, it not only allows the public to zero in on the specific crimes he was committing, but more importantly (to him) reveals just how little money he actually has.
@emo_pinata
I had just been thinking: The only people shocked by this are the ones who aren’t aware of this story and wouldn’t believe it anyways.
It’d be hard to fake entirely. His business losses have been both public and, in the tax filings, legendary - he didn’t just lose money, he reported more losses than any other individual. One year, his filings amounted to 1% of all business losses in the country.
It amounted to self-reporting. Which in Trump’s case involved blatantly lying about what he owned (claiming, for example, that some of his father’s properties were his, when he owned basically nothing) along with their value (claiming a wildly inflated value for his father’s properties an order of magnitude or two more than what they were worth). It’s interesting that he was challenged, slightly, about the value of his father’s property, and he suddenly accepted the much smaller valuation proposed (which, it turned out, was still more than they were worth) - that should have been a big red flag to whoever was interviewing him.
The whole thing is a hilarious joke. Forbes couldn’t deal with someone just bald-faced lying. I suppose he was a rarity - most people on the list actually had money (and no real reason to lie about it). Trump was fraudulently claiming money so he could get on the list - because his presence on that list was his only means of getting loans.
That was something that happened as a result of bankruptcies, certainly. His private jet became company-owned, etc. Trump wasn’t taking much in salary at that point, either.
I fear this is what motivated moving warships near Iran. They claimed it was in response to recent events (which no one knew about, nor did they discuss), but gave it away by also letting it slip that it had been planned for a while. A war would make a very good distraction from his problems at home…
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Clearly instead of hosting The Apprentice, he should have been doing The Biggest Loser.
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Trump is American as apple pie. A skilled practitioner of the long con, in the grand tradition of fabled confidence men like Soapy Smith, who himself had political aspirations, until he was shot that is. That’s how they dealt with people like that in the 19th century West. The original Trump fortune was actually built in the brothel and booze business during the Klondike Gold Rush by Grandfather (Fred’s father) Frederick Trump Sr. I wonder if he ever crossed paths with Ole Soapy?
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If you owe a bank a few thousand dollars, it’s your problem; if you owe a bank a few million dollars, it’s the bank’s problem
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