Trump's Taxes

[Synthaholic]

Are these the expected totals for someone who claims that he is worth $10 Billion?

 

[Synthaholic]

Michael Cohen testified under oath that Trump only ran for president for the publicity because his businesses were failing, and that he never expected or wanted to win.

 

[Synthaholic]

How does a genius businessman lose $32 million per year?

 

[JackOfNoTrades]

Are these the expected totals for someone who claims that he is worth $10 Billion?

Again, this is the ultimate reason Trump didn't want everyone to see his taxes.
Because the whole "Art of the Deal" facade would be smoke in an instant. Bullshit. Which is the story of Trump's life.
His whole fortune, his whole persona, is built on lies, bragging, and other people's money...which he promptly loses.

The guy is a failure..all around.

 

[marvin martian]

Are these the expected totals for someone who claims that he is worth $10 Billion?

This is going to be a fun thread, seeing all the retards like you who can't tell the difference between wealth and income.

 

[playtime]

How does a genius businessman lose $32 million per year?

i'm still trying to figure out how he managed to have several casinos go belly up, when that biz'nez is designed so the 'house wins' & always makes a profit.

 

[playtime]

Again, this is the ultimate reason Trump didn't want everyone to see his taxes.
Because the whole "Art of the Deal" facade would be smoke in an instant. Bullshit. Which is the story of Trump's life.
His whole fortune, his whole persona, is built on lies, bragging, and other people's money...which he promptly loses.

The guy is a failure..all around.

 

[Rambunctious]

Are these the expected totals for someone who claims that he is worth $10 Billion?

Spin what?... you have never been self employed have you?....

 

[Ralph Norton]

i'm still trying to figure out how he managed to have several casinos go belly up, when that biz'nez is designed so the 'house wins' & always makes a profit.

Half of the casinos in AC have closed and that was BEFORE the lockdowns.
Casinos are not the sure bet moneymakers you seem to think they are.

 

[Rambunctious]

i'm still trying to figure out how he managed to have several casinos go belly up, when that biz'nez is designed so the 'house wins' & always makes a profit.

When recession hits business hurts... customers clients and gamblers stay home....
This thread is perfect for showing how little libs know about being self employed and paying business taxes....

 

[Rambunctious]

Dems in congress..."shit we can't find anything in Trump's taxes to nail him" so what's the next best thing?... to release them to the hoards of liberal idiots in the country....

 

[Rambunctious]

This thread is perfect for showing how little libs know about being self employed and paying business taxes....

 

[Independent thinker]

Are these the expected totals for someone who claims that he is worth $10 Billion?

That is irrelevant. The fact is there was no law requiring Trump to release his tax returns and the democrats have abused their power in releasing tax returns that didn't need to lawfully be released, just solely due to politics. I thought you guys were worried about losing our democracy? We just lost part of it.

 

[playtime]

Half of the casinos in AC have closed and that was BEFORE the lockdowns.
Casinos are not the sure bet moneymakers you seem to think they are.

When recession hits business hurts... customers clients and gamblers stay home....
This thread is perfect for showing how little libs know about being self employed and paying business taxes....

Quick: Who'd Have Trouble Living on $450,000 a Month?
By Kurt Eichenwald

• June 26, 1990

Donald J. Trump, who has lectured America about architecture, foreign policy and, most of all, how to do deals, may be about to learn a lesson of his own: how to live in Manhattan on $450,000 a month.
That scarcely onerous restriction is being imposed by Mr. Trump's bankers, who have insisted that the man who has made conspicuous consumption a personal trademark must curb his spending a bit.
Moreover, the $450,000-a-month allowance excludes some of the largest of Mr. Trump's daunting expenses, the bankers say. These extras, based on Mr. Trump's spending in May, include the costs of maintaining his personal 727 jetliner ($246,000) and his 282-foot yacht ($841,000). The yacht and the personal jet, to be sure, may be sold to trim the real estate developer's mountainous debts.
In May, Mr. Trump also paid interest of $2.1 million on his personal debt, while his legal, charitable and business expenses totaled $382,000. His interest payments and various expenses do not count as personal spending, either.

Still, the $450,000-a-month limit will require some belt-tightening on Mr. Trump's part. In May, his bankers report, Mr. Trump's personal spending amounted to $583,000 for day-to-day necessities of the ultrarich life style, which range from his $2,000 suits to the costs of maids, gardeners and chefs at his three homes.
So to meet the bankers' target, Mr. Trump must trim his personal expenses by more than $100,000 from the May level. If he can do that, the banks will agree to lend Mr. Trump even more money.

The terms are being required by the banks, which are attempting to structure a loan to Mr. Trump to keep his faltering empire out of bankruptcy court.
The personal spending limits agreed to by the banks, though a cutback for Mr. Trump, still come to $5.4 million a year. If the banks agree to the terms of the new loan, in the month of July, for example, Mr. Trump would have to hold his expenses to just $14,516.13 a day, or $10.08 every minute of the day and night.
'It's Just Phenomenal'
Even the truly wealthy found Mr. Trump's manner of spending, reduced circumstances or not, to be remarkable.


''I would have no idea how to spend $450,000 a month,'' said one billionaire, who asked not to be identified. ''It's just phenomenal.''
Financial planners for the well heeled agreed.
''We have handled a lot of entertainers, some of whom lived very extravagantly, but I have never come across anybody who spent that way,'' said Lawrence B. Eichler, president of Sentinel Asset Management. ''Donald Trump lives in strata few of us approach, or even want to approach.''
Even Mr. Trump, who declined to comment, once said: ''A little more moderation would be good.'' But he was quick to add, ''Of course, my life hasn't exactly been one of moderation.''
Deadline on a Payment
Mr. Trump's unfolding financial drama may reach a climax tonight as the developer faces a deadline to make a payment on a high-yield ''junk bond'' issue. No matter what the outcome, the glimpse of Mr. Trump's spending habits is certain to add another layer to the high-spending lore to the 1980's.

Mr. Trump's new allowance may be absorbed easily, given the style of living to which he has become accustomed. The developer owns three homes, including Mar-a-Lago, in Palm Beach, Fla. That home, which was willed to the State of Florida by Marjorie Merriweather Post, was sold to Mr. Trump because the state could not afford to pay for its upkeep. Scores of household staff members are paid to help keep up the 118-room residence.
Mr. Trump will also have to continue to maintain his 50-room penthouse triplex in Manhattan's Trump Tower, which comes complete with an 80-foot living room, bronze-edged floor-to-ceiling windows overlooking Central Park, and a 12-foot waterfall.
[...]
Quick: Who'd Have Trouble Living on $450,000 a Month?

 

[Rambunctious]

$450,000 a Month?
By Kurt Eichenwald

• June 26, 1990

1990?????? Buuuaaahahahahahahahahahahahahaheeheeheeheehee

 

[playtime]

1990?????? Buuuaaahahahahahahahahahahahahaheeheeheeheehee

exactly. right around the time his casinos AND trump airlines AND steaks AND champagne were all going into bankruptcy. the dude is a horrible biz'nez man.

 

[JackOfNoTrades]

When recession hits business hurts... customers clients and gamblers stay home....
This thread is perfect for showing how little libs know about being self employed and paying business taxes....

Except that's not what happened.
Smoke..and mirrors.

Trump Plaza Hotel and Casino - Wikipedia

en.wikipedia.org

 

[Rambunctious]

exactly. right around the time his casinos AND trump airlines AND steaks AND champagne were all going into bankruptcy. the dude is a horrible biz'nez man.

 

[Rambunctious]

Except that's not what happened.
Smoke..and mirrors.

Trump Plaza Hotel and Casino - Wikipedia

en.wikipedia.org

President Trump is different than business man Trump... and President Trump didn't own a casino....
Our problem isn't what Trump owned as a business man our problem is Biden has never been a business man....

 

[TNHarley]

Damn, obamas economy hurt him. So did the statist covid lockdowns.
Poor guy