It would be interesting is someone could do a time history of his taxes/finances. Including loan sizes vs assets ( with the valuation basis ).
The original article: Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found By DAVID BARSTOW, SUSANNE CRAIG, RUSS BUETTNER and MEGAN TWOHEYOCT. 1, 2016 The New York Times obtained records from 1995 showing that Donald J. Trump declared a $916 million loss. The figure is so substantial that it could have allowed him to legally avoid paying federal income tax for 18 years. By AINARA TIEFENTHÄLER and GABRIEL DANCE on Publish DateOctober 1, 2016. Photo by Kathy Willens/Associated Press. Watch in Times Video » Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show. The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan. Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period. The $916 million loss certainly could have eliminated any federal income taxes Mr. Trump otherwise would have owed on the $50,000 to $100,000 he was paid for each episode of “The Apprentice,” or the roughly $45 million he was paid between 1995 and 2009 when he was chairman or chief executive of the publicly traded company he created to assume ownership of his troubled Atlantic City casinos. Ordinary investors in the new company, meanwhile, saw the value of their shares plunge to 17 cents from $35.50, while scores of contractors went unpaid for work on Mr. Trump’s casinos and casino bondholders received pennies on the dollar... http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?_r=0
Then, Trump's Long History of Tweet-Shaming on Taxes Donald Trump's campaign says that the Republican presidential candidate knows "far better than anyone" the intricacies of the tax code. That statement is in response to a bombshell report by The New York Times that obtained a portion of Trump's tax returns from 1995, which appeared to show a nearly $916 million loss - a loss so large that Trump could have legally paid no federal income tax for up to 18 years. "Mr. Trump knows the tax code far better than anyone who has ever run for President and he is the only one that knows how to fix it," the campaign said in a statement. Trump has also been a major critic of taxpayers and taxes in general. In the wake of the Times story, the Twitter hashtag #lasttimetrumppaidtaxes shot to the top of trending topics. But here is Trump's Twitter history on taxes: Follow Donald J. Trump ✔@realDonaldTrump HALF of Americans don't pay income tax despite crippling govt debt...http://plu.gd/qLa 1:59 PM - 23 Feb 2012 HALF of Americans don't pay income tax despite crippling government debt In 2009, just 50.5 per cent of Americans paid any income tax to the federal government. This graph shows the rising proportion of non-taxpayers over the last 50 years. dailymail.co.uk Follow Donald J. Trump ✔@realDonaldTrump The hedge fund guys (gals) have to pay higher taxes ASAP. They are paying practically nothing. We must reduce taxes for the middle class! 4:54 PM - 5 Sep 2015 Follow Donald J. Trump ✔@realDonaldTrump Mitt Romney,who totally blew an election that should have been won and whose tax returns made him look like a fool, is now playing tough guy 5:13 PM - 24 Feb 2016 Follow Donald J. Trump ✔@realDonaldTrump Facebook billionaire gives up his U.S. citizenship in order to save taxes. I guess 3.8 billion isn't enough for (cont)http://tl.gd/hdnk92 2:12 PM - 14 May 2012 Follow Donald J. Trump ✔@realDonaldTrump The @washingtonpost loses money (a deduction) and gives owner @JeffBezos power to screw public on low taxation of@Amazon! Big tax shelter 9:18 AM - 7 Dec 2015 Follow Donald J. Trump ✔@realDonaldTrump Yesterday was @BarackObama's favorite day of the year--he collects our taxes to redistribute. 9:12 AM - 18 Apr 2012 Follow Donald J. Trump ✔@realDonaldTrump @BarackObama who wants to raise all our taxes, only pays 20.5% on $790k salary. http://1.usa.gov/HFZJKH Do as I say not as I do. Follow Donald J. Trump ✔@realDonaldTrump To the geniuses at 'Americans United for Change': the more you tax me the less people I employ. Get it? 1:59 PM - 7 Aug 2012 Follow Donald J. Trump ✔@realDonaldTrump So generous and pious! After spending millions of our tax dollars on his campaign through travel, @BarackObama donated to himself. 12:32 PM - 2 Aug 2012 Follow Donald J. Trump ✔@realDonaldTrump Flashback – Jeb Bush received a $4M tax payer bailout in 1990http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260 … Guess who was POTUS then? 12:16 PM - 22 Jun 2015 Follow Donald J. Trump ✔@realDonaldTrump In this time of economic turmoil where millions of Americans are unemployed, our tax dollars are paying @BillMoyers' big @PBSsalary! 3:21 PM - 2 Apr 2013 http://www.cnbc.com/2016/10/02/dona...p-nominee-refuses-to-release-tax-records.html
There is __one__ problem with all of this analysis of Trump being a hypocrite. Trump took a massive loss one year, which he then carried the loss forward many years. That is the law, and everyone I know follows that deduction. Traders do it all the time. This being touted as the way it is by the media is, imo disingenuous. But maybe I don't get it. Many of these people he is accusing in the tweets simply don't pay taxes regardless.
You can see he's really working for the women's vote: https://www.thestar.com/news/world/...yc-mayor-says-in-wake-of-tax-revelations.html On Monday, the challenges mounted. Several former cast and crew members from Trump’s reality show The Apprentice described for the first time Trump’s treatment of women on the set. The show insiders told The Associated Press that Trump rated female contestants by the size of their breasts and talked about which ones he’d like to have sex with.
If Donald duck gets in you will hear The World draw in an extra lungfull of air. Who is he going to nuke ? When is his trip to Moscow to kneel at the feet of Putin been planned ? And on to Kim for the more basic instructions. America had some respect years ago but there is not much left now.
https://www.washingtonpost.com/post..._experimentrandom_2_na&utm_term=.bb25fcefee72 At Monday night’s debate, Donald Trump was called out for stiffing the people who work for him. Trump has been accused of failing to pay hundreds of contractors. And so far, he hasn’t seemed very sorry. When asked about failing to pay someone by Hillary Clinton this week, Trump replied, “Maybe he didn’t do a good job and I was unsatisfied with his work.” I take that attack personally. I’m one of the many small business owners who’ve been used by Trump, exploited and forced to suffer a loss because of his corporation’s shady practices. My relationship with Trump began in 1989, when he asked me to supply several grand and upright pianos to his then-new Taj Mahal casino in Atlantic City. I’d been running a music store for more than 30 years at that point, selling instruments to local schools and residents. My business was very much a family affair (my grandsons still run the store). And I had a great relationship with my customers — no one had ever failed to pay. I was thrilled to get a $100,000 contract from Trump. It was one of the biggest sales I’d ever made. I was supposed to deliver and tune the pianos; the Trump corporation would pay me within 90 days. I asked my lawyer if I should ask for payment upfront, and he laughed. “It’s Donald Trump!” he told me. “He’s got lots of money.” But when I requested payment, the Trump corporation hemmed and hawed. Its executives avoided my calls and crafted excuses. After a couple of months, I got a letter telling me that the casino was short on funds. They would pay 70 percent of what they owed me. There was no negotiating. I didn’t know what to do — I couldn’t afford to sue the Trump corporation, and I needed money to pay my piano suppliers. So I took the $70,000. Losing $30,000 was a big hit to me and my family. The profit from Trump was meant to be a big part of my salary for the year. So I made much less. There was no money to help grow my business. I had fewer pianos in the showroom and a smaller advertising budget. Because of Trump, my store stagnated for a couple of years. It made me feel really bad, like I’d been taken advantage of. I was embarrassed. Today, when I hear Trump brag about paying small business owners less than he agreed, I get angry. He’s always suggesting that the people who worked for him didn’t do the right job, didn’t complete their work on time, that something was wrong. But I delivered quality pianos, tuned and ready to go. I did everything right. And then Trump cheated me. It’s a callous way to do business. Trump keeps saying that it’s time we got a businessman to run the country. Of course, I think it’s important to find someone who can bolster the economy. But I also think we need a president who cares about small business owners, and about honoring his commitments. That’s not Trump.
Lot of envy of Trump's wealth and success coming to the surface here. Does anyone think Soros or Buffett don't take advantage of the tax laws? This whole "Trump didn't pay taxes" theme shows one of two things. Either the journalists are too dim to understand tax law, or two, they have an incredibly low regard for their readers. Real estate is chock full of tax breaks that reduce taxable income. And isn't the whole idea of being an entrepreneur to start lots of businesses, knowing that many, indeed most, will probably fail? Obama wasted billions of dollars on crony payoffs under the guise of green energy etc. The Clintons made their whole career off crony capitalism. No wonder they feel entitled to get rich themselves, after lining their supporters' pockets over the years. No one is looking at any of those deals. Only Trump. You might want to ask why that is.
The UK was respected at one point but now you have created Londonistan, complete with a muslim mayor, and many of your major cities have no go zones where the police and whites fear to enter. You probably see this as cultural enrichment but we prefer our country to remain First World.
Sure, bro, go with that. If you're going to envy, then there are far better, smarter and richer people to choose from. Aim higher. You're like his many stakeholders who got caught up in the sizzle and ended up worse off for it.