Posted on 05/07/2019 6:15:30 PM PDT by bobsunshine
The New York Times obtained 10 years of Donald Trump’s tax documents from his federal income tax returns — for the years 1985 – 1994.
To be clear, The Times did not obtain Trump’s actual tax returns, rather they obtained printouts from his IRS transcripts with numbers from his tax form, 1040, from an individual who had legal access to them.....
At first glance, it is being reported that Donald Trump core businesses (hotels, apartment buildings and casinos) took a $1.17 billion loss. Big deal, he’s in the real estate business which fluctuates all the time.
The Times also said that Trump didn’t pay federal income taxes for 8-10 years — of course this is normal for business owners as they can roll their losses over (net operating loss), but the stupid liberals don’t understand this concept and will surely use it to hammer Trump.
(Excerpt) Read more at thegatewaypundit.com ...
There, fixed it for ya. i mean, c'mon, you know ol Billy Goat don't do nuttin unless he gets a hooker out of the deal.
Well, Drudge has gone full retard.
Yeah, me too!
Hillary did ask China to get Trump’s Taxes
If you own a business and can show losses you don’t pay taxes... Doesn’t really tell you anything. Based on “tax law” Amazon has no taxable income to declare. You’d have to see the financials to get an actual picture of the business.
Didn’t the FBI raid Cohen’s office and seize records? FBI leaking to one of their favorite deep state mouth pieces, the NYT.
He lost $1.1 Billion and still has enough money left to have his own personal Air Force.
I just wish I could lose money like that.
Leaking the data should come with many years of jail time.
A side note: the Democrats are still furious if any of their stuff gets out ...
You’re right. That was just a few days ago.
The late-night comics (this was when late-night comedy was actually funny) had a field day.
I'm wondering if anyone writing for the NY Times is older than 25 and any editor is older than 30.
Yup this makes the New York Times no different than Wikileaks. How do we know Russia didn’t hack them?
1) OMAROSA MANIGAULT
2) Adam DipSchiff
I noticed that the story uses the past tense (i.e. the records came from someone who HAD legal access to the records). Could these have come from a person who previously worked with Trump’s tax records?
and Barr in contempt ,will anyone notice now ,LOL
Drudge is an asshole.
Dude may have legal access.
Shame if said dude DID NOT have legal authority to release the information
Operating losses are effectively a tax asset owner by the taxpayer that is either used to apply to prior years to get refunds, or applied to future years to effectively pay for the taxes owed from profits made in those years until that operating loss asset is used up.
In other words, for any years Trump owed taxes, he DID pay his taxes, he just paid with an asset other than cash - or to put it another way, he paid using IRS cash he effectively overpaid them in prior years because at that time he was unable to offset those business risk profits he with related,subsequent business risk losses.
I was leaning that way too.
A Clintonian tactic-get it out there and get it overwith, big whoop, old news by 2020.
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