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This is all irrelevant because he sent an anti-Trump text and was having an affair with a coworker. #MAGAlogic
derp trying to steal another shtick
This is all irrelevant because he sent an anti-Trump text and was having an affair with a coworker. #MAGAlogic
Someone tell that to the Democrats, then. They tried to impeach Trump over the mere accusation that he was doing what Biden admitted to doing.
I think the conclusion he's reaching is pretty bold, but interesting analysis nonetheless if you read the full thread
I don't think it's all that bold tbh. Trump's casinos were legally proven money laundering operations.
scranton joe
I'd like to think the UK isn't as incapable of going after rich people as the US is and could thus open up an investigation into this.
a teacher making 1 million
a teacher making 1 million
Using interest to make you not pay taxes is smart unless you chump
Idjut paid 30%
$750
"millions"
"$750"
So Qhris is now arguing that the records and NYT story are all true.
Remarkable how the NYT is getting blamed for not providing the transparency on Trump's tax returns that Trump has been fighting in court for the last 4 years not to provide
TRUMP’S TAX MESS ASIDE, CAN HE PAY OFF HIS $1 BILLION IN DEBT?
The New York Times’ damning report on the president’s taxes shows just a fraction of his financial woes.
And Wall Street bankers have serious doubts about whether he can dig himself out.
Business losses can be carried back to offset profits earned in previous years, generating a tax refund in the process, or they can be used to offset future profits. This is almost certainly what Trump has been doing, my savvy Wall Street sources tell me.
Trump has two pockets of huge losses:
one from driving his casinos into bankruptcy during the 1990s, and
one from the poor operation of his golf courses (according to the Times,
losses at Doral have come out to $162 million, and
his three courses in Scotland and Ireland have lost another $64 million) and
his few remaining hotels (the Washington Trump International Hotel has lost $55 million, according to the Times).
an even more important question:
whether Trump is solvent and might be facing personal bankruptcy.
The Times reported that “within the next four years,”
Trump has “more than $300 million in loans” coming due for which he is personally responsible because he guaranteed them.
But that is only a fraction of the more than $1.1 billion or so in debt and obligations that Trump owes across his empire
Whether he’s good for it remains to be seen.
The Wall Street bankers I speak with have their serious doubts. There are many reasons.
First and foremost, as has been the case for many years, there is
little chance any Wall Street bank will refinance any of Trump’s loans as they come due.
He’s been a toxic credit for years, and that toxicity has only increased during his presidency.
to whom Trump owes all this money,
the truth is we know that the originators of the bulk of these loans have been
Deutsche Bank, as has been well do ented, and
Ladder Capital,
these Trump loans have, by now, probably been widely syndicated to investors, perhaps around the world.
Can Trump’s assets be sold for more than the $1.1 billion he owes, plus the considerable capital gains tax he will owe the government from the sales?
it won’t be enough for Trump to be able to pay back the debt he owes on the buildings and golf properties.
He will also have to pay the capital gains tax on what are now by and large fully depreciated, low-basis assets.
There probably has not been a worse moment in a generation to try to sell assets like Manhattan office towers, big-city hotels, and golf courses.
Trump’s financial situation precarious indeed, and
that’s before he might end up owing the IRS $100 million.
https://www.vanityfair.com/news/2020...illion-in-debt
Money laundering, illegal campaign contributions, and fraudulent tax deductions.
https://www.nytimes.com/interactive/...gtype=Homepage
Typical Wednesday stuff for Trump.
https://www.nytimes.com/interactive/...ies-swamp.html
Trump’s taxes reveal president’s businesses reaped millions in return for favors from the administration
Trump’s tax records reveals the extent to which he used his businesses to sell access to wealthy individuals with business before the administration.
“An investigation by The Times found
over 200 companies,
special-interest groups and
foreign governments that patronized Mr. Trump’s properties
while reaping benefits from him and his administration.
Nearly a quarter of those patrons have not been previously reported,” said the report.
“The tax records — along with membership rosters for Mar-a-Lago and the president’s golf club in Bedminster, N.J., as well as other sources — reveal how much money this new line of business was worth.”
“Just 60 customers with interests at stake before the Trump administration brought his family business nearly $12 million during the first two years of his presidency, The Times found.
Almost all saw their interests advanced, in some fashion, by Mr. Trump or his government.”
“Patrons at the properties ranged widely:
foreign politicians and Florida sugar barons,
a Chinese billionaire and
a Serbian prince,
clean-energy enthusiasts and
their adversaries in the petroleum industry,
avowed small-government activists and
contractors seeking billions from ever-fattening federal budgets,”
“Mr. Trump’s administration delivered them funding and laws and land.
He handed them appointments to task forces and ambassadorships,
victories as weighty as a presidential directive and
as ephemeral as a presidential tweet."
one prominent Florida lobbyist, Brian Ballard, felt pressured into paying the $200,000 membership fee to join Trump’s Mar-a-Lago country club because he was made to feel that his clients would not get favorable treatment otherwise.
White House spokesman Judd Deere
“The president has kept his promise every day to the American people
to fight for them,
drain the swamp
and always put America first.”
https://www.rawstory.com/2020/10/tru...istration-nyt/
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