Posted on 11/23/2022 6:11:37 PM PST by ChicagoConservative27
Former President Donald Trump reported losses on his tax returns each year for a decade – including close to $1 billion in a two-year span alone, his onetime accountant testified at trial this week.
Donald Bender, a partner at accounting firm Mazars USA, took the stand in Manhattan Supreme Court Tuesday as part of the criminal tax fraud case against the Trump Organization.
From 2009 to 2018, Bender said he filed 76-year-old Trump’s taxes and “There are losses for all these years.”
Bender – who was called as the first defense witness and was given immunity for testifying before a grand jury – admitted upon questioning from prosecutors that in 2009 and 2010 alone Trump reported losing close to $1 billion.
(Excerpt) Read more at nypost.com ...
No elected member of the congress, senate, POTUS or SCOTUS have any standing to keep their tax records private once they get Trumps. The gift that keeps giving. The DNC get-Trump actors are doing the ground work to unveil the tax records of everyone in Washington DC and even those elected in all 50 states.
I had to explain the IRS person on phone difference between interest and return of capital.
:(
Doesn’t matter if he lost big or profited, they can twist it either way.
I guess they never heard of depreciation. When you buy or build very expensive buildings and then depreciate them, you will often show losses. The government makes their tax money when you sell the property.
His businesses have suffered terribly because he's trying to DRAIN THE SWAMP!
The IRS has gone thru his records with a fine tooth comb, and NEVER found abything wrong before!!
I dont care if he lost 100Billion. What I care about is was it against the LAW! If the tax laws say he can report losing 2B in acceptable losses than fine! Show me ANY politician that doesnt twist the tax laws for their own benefit!
Yes, and recall that before Trump ran for political office he was among the Dems in NYC and NY state.
I think he registered as a Democrat in New York State because the State has historically been governed by a Democrat, except for George Pataki. Malcolm Wilson was the last Republican in that seat since 1974, when Pataki beat Mario Cuomo in 1994. I can't remember if the State Legislature was split when Pataki was Governor, or he could have had a majority in both Houses when the Capital Punishment Bill was passed and he signed in. It was overturned by the Courts. But for quite a while now, Democrats have had an almost 2-1 majority in both Houses of the State Legislature. New York State has been screwed for a long time. I know because I retired from my job with New York State in 2003.
This is OLD NEWS.
And I seem to recall that some tax law changes signed by 0bama made the losses deductible. That should be the headline in this story.
Yes.
Now Trump should tell them to do the switcheroo and take a long hard look at the returns of 0bama, Pelosi, Paul Ryan, etc.
I'm sure that had a lot to do with getting his NY real estate projects through the maze of permits and approvals. The point I was making was that when the Dems thought he was one of them, they didn't have the knives out. As soon as he declared to be running for the Presidency, his Dem "friends" did a 180-degree turn.
Trump even said that at some Catholic Roast Dinner that he appeared at. I can't remember if it was the same dinner Hillary attended before the election. He specifically said that plenty of the Democrats at the dinner had no problem taking his money when he was a registered Democrat.
https://www.youtube.com/watch?v=JOUFsCS7xYE
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