Ten years of Trump tax info obtained by NYT shows he was 'The Biggest Loser'

New York Times and CNN: CNN releases a document within seconds of NYT publishing it, must be collusion!

Russia, WikiLeaks, and Trump: Trump discusses documents within seconds of WikiLeaks leaking documents obtained illegally by the Russian Government. No Collusion at all!

(Note that the NYT and CNN collaborating on a story is in no way, shape, or form illegal. Unlike a Presidential Candidate accepting substantial support from a foreign intelligence agency…)

(It’s like they think all words mean “bad things only Lub-tards can do”)

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There were a lot of other screw-ups. He lost all of his casino management keymen in one air crash, didn’t do his due diligence and missed the upcoming competition from Native American casinos, and piled a lot of money into the hotel and restaurant and entertainment parts of the Taj Mahal to make it the best, really the classiest American resort (in Atlantic City, where the degenerate gamblers were happy to sleep off their binges in alleys before enjoying meals from the convenient garbage cans). Even without the debt he took on in his obsession to buy the Taj Mahal from Merv Griffin he would have tanked it.

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But… but… I saw him on that TV show getting out of helicopters and sitting behind that giant boardroom table. They said that was a reality show.

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There are tax loopholes to declare depreciation losses on property value. As a full-time grifter, I expect he took full advantage of this.
https://www.foxbusiness.com/features/tax-savings-rental-property-depreciation-explained

btw: “pretending to lose money”

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No no no, you guys got it all wrong…
It was really IMPRESSIVE !!

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Loophole? I’m not sure how this is a “loophole” and not just another business expense that gets subtracted while calculating profit. That’s no more of a loophole than a musician depreciating an instrument or a business depreciating their delivery van.

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Clearly all those mainstream media organizations are in the pocket of Big Reality.

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The logic cycles around this are kind of amazing.
Trump: “I lost over $1 billion on purpose to save money on my taxes!”
Fox: “He’s a bold businessman who knows how to game the system!”
Trump: “But all of those tax documents are fake news and none of it is true.”
Fox: “Wow! He played the liberal media by falsifying his taxes 30 years ago!”

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He’s still trying to get in on that action:

By action I mean “control”.

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Typical of narcissists: blaming the mere existence of other parties in their lives for their own massive screw-ups and then maintaining the grudge for decades. Of course, he can’t help throwing some racism into the mix.

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Social Media: 4D Chess!

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The appearance of wealth is just that.

I have a legitimate business-expense deduction;
You are taking advantage of a tax loophole;
He is using accounting tricks to avoid paying taxes.

“Tax loophole” is, IME, right up there with “taxpayer subsidy” as a reliable marker of dubious spin-doctoring.

How about for money laundering?

Edit: I scroll down a comment or two and there are a few votes for money laundering.

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I’m not sure how that would work. The point of money laundering is usually to channel more money into your bank account (or your business’ bank account).

At any rate nothing Trump has done in the last 30 years suggests he is a Machiavellian business genius, so I’m more apt to believe the simplest explanation: he sucks at everything he does and lost a bunch of money through incompetence.

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Maybe he is incompetent at money laundering too.

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Accountant: What did you do with all that money we stashed away from the latest real estate scam?

Trump: I put it in the Cayman Islands, just like you said!

Accountant: Wait… you didn’t just take the cash and dump it off the side of your yacht into the Carribean, did you?

Trump: …you’re fired.

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Yep, they seem to be focused in on Iran, now. No one on the US side seems to know what they’re doing, though. Pompeo is trying to convince Iraq that a particular array of groups that were previously fighting Daesh are Iranian “proxies” that need to be taken out, which is somewhat difficult argument to make when they’re a bunch of religiously diverse groups directly supported by the Iraqi government. And it seems like the presence of these groups in Iraq is the justification for the US escalations…

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