Posted on 10/05/2020 6:31:44 PM PDT by SeekAndFind
Finally Trump’s tax returns have been made public. Here are the 10 big things you need to know about them:
1. Did he break the law? Almost surely. Details of tax practices suggest fraud on a massive scale. As Michael Bromwich, a former inspector general at the Justice Department, said yesterday, based on the Times’s story, Trump faces federal and state prosecution for bank fraud, tax fraud, wire fraud, and mail fraud, as does his entire family.
2. How little has he paid in taxes? In 11 of the 18 years examined, Trump paid no taxes at all. In his first year in office he paid the most income tax he had paid in a decade: $750. He has deducted taxes for almost everything imaginable, including $70,000 for hairstyling.
3. But he paid taxes in other nations where he did business? Yes, in 2017, when he paid $750 to the U.S., he paid $15,598 in Panama —$145,400 in India —$156,824 in the Philippines. So much for America first.
4. Why did Trump run for president? He was deeply in debt in 2015, and was, as his former fixer Michael Cohen said, eager to rebuild his brand by running for president. The presidency has injected cash into Trump’s businesses, as lobbyists and foreign governments have invested in them. But he’s still losing money.
5. How broke is he? He owes more than $300 million in loans and can’t repay them. His businesses are constantly losing money. He’s fighting with the IRS and could owe another $100 million to the government. So much for the “successful businessman” image.
6. Who does he owe money to? We don’t know. And that’s part of the problem. Because whoever he does has huge leverage over him.
7. Does this make Trump a national security risk? You bet. Note that a bipartisan group of nearly 500 national security officials, past and present, last week endorsed Biden for president. The list includes retired General Paul Selva, who served as vice chairman of the Joint Chiefs of Staff for the first two and a half years of Trump’s presidency.
8. Why is he so desperate to stay in power? Presumably because a sitting president cannot be indicted, and he won’t have to face federal and state prosecution.
9. What’s Trump’s reaction to this bombshell? Not surprisingly, he claims it’s “totally fake news.” But the easiest way to refute it would be to make his tax returns public, which he refuses to do.
10. Will this bombshell affect the election? Probably not. His followers live in a Fox News bubble that this news won’t permeate. It will only confirm what the rest of us already knew. Trump is a conman and a crook.
Looks like a DNC convention.
I’m afraid I must disagree.
The Peter Principle states that one rises to one level above one’s competency.
This retarded midget has gone many levels above due to his Communist allegiance to the Dems.
“I’m pretty sure I could ask 10000 random people at a football game, and not one person would know who the hell Robert Reich is.”
From the archives — the “short” interview from the Rush Limbaugh TV show. This pretty much sums up Robert Reich for me:
https://www.youtube.com/watch?v=t1iSjl3ukro
LOL, I see what you did there.
So Stupid!
Everything he says in the article is wrong, even if the rank speculation he is basing it on is correct.
Why would anyone believe that Trump knows ANYTHING about how his taxes are filed. It’s not like he is sweating it out over Turbo Tax every April 15th. He has tax attorneys & CPA’s doing his taxes.
He needs to be entered in a dwarf-tossing contest. (As a tossee.)
Robert Reich has no reason
He’s got little hands
Little eyes
He walks around tellin’ great big lies
He’s got a little nose
And tiny little teeth
He wears platform shoes on his nasty little feet
Reich wants to be the next goof complicit in a felony.
Who cares.
9:
“But the easiest way to refute it would be to make his tax returns public, which he refuses to do.”
Well, if he refuses to make his tax returns public, which he can legally do, so everyone can’t see them, then what did you see and how can you make statements about them when you couldn’t see them if they weren’t made public? That is the definition of fake news....or lying. You stepped in your own waste there nimrod.
rwood
There is only one thing you have to know about Robert “Third” Reich. He would have made a great Nazi (or a KAPO) or Communist any time from the 1920’s onwards till today.
Just picture him dressed as Napoleon with a Swastika on his uniform. Then put a Hammer and Sickle on it.
Same guy. Same totalitarian mentality. Same mental case.
Unsere giftiger Pilz spricht!*
* Our poisonous mushroom speaks!
Yup.
Robert Reiche is a noisome dwarf. Lest we forget, he wrote a book about his time with the Clinton administration that was highly criticized for inaccuracies
At a## height most of his life where the air is not so nice effects the brain
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