Mr. Trump pays $750 in taxes while Trumpco bleeds money.

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Fnord
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28 Sep 2020, 1:00 pm

The report on Trump's taxes is the most conclusive proof yet the President's business empire is nowhere near as successful as he claims.

When he took office, Mr. Trump said he would pursue no new foreign deals as president.  Even so, in his first two years in the White House, his revenue from abroad totaled $73 million.

Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained consulting fees as a business expenses.

The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago.  The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

He's putting the screws to people in the U.K. as well; Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too.  Trump plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic.

These facts appear to portray Donald J. Trump as nothing more than an equal-opportunity swindler.



Fnord
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29 Sep 2020, 10:22 am

Also, according to the report, in at least two deals (e.g., hotels in Hawaii and Vancouver), Ivanka Trump double-dipped, serving as both a "Project Manager", and as an "Outside Consultant" to those same projects.  In those deals, Ivanka Trump's ad hoc categorization as a 'consultant' allowed her father to write off three-quarters of a million dollars.

This is like saying that a cashier who handled only two customers is a consultant for the entire Tim Horton's chain.

Is this "The Art of The Deal"?



TheRobotLives
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29 Sep 2020, 10:55 am

Fnord wrote:
Is this "The Art of The Deal"?

Trump U "gold elite" degree cost $35,000, and you expect us to just fork over such knowledge for free?

The secret is *inflation is your friend*.

1) Borrow money to buy valuable property.
2) Amortize the debt with rental income.
3) Break even is OK. (You don't like paying taxes do you?)
4. Write off expenses. Expense everything.
5) Make your money on an appreciating asset, and depreciating debt (the money you borrowed).

So, at the end of the day, ideally, you have a lot assets that are appreciating, and a lot of debts that are depreciating.

Here ya go ... a PHD from Trump U ...
Image


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Fnord
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29 Sep 2020, 10:58 am

TheRobotLives wrote:
... Here ya go ... a PHD from Trump U ...
Image
Thanks!

Now to find a way to photoshop this image to look legit enough to hang on my office wall ...



aghogday
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29 Sep 2020, 11:38 am

TheRobotLives wrote:
Fnord wrote:
Is this "The Art of The Deal"?

Trump U "gold elite" degree cost $35,000, and you expect us to just fork over such knowledge for free?

The secret is *inflation is your friend*.

1) Borrow money to buy valuable property.
2) Amortize the debt with rental income.
3) Break even is OK. (You don't like paying taxes do you?)
4. Write off expenses. Expense everything.
5) Make your money on an appreciating asset, and depreciating debt (the money you borrowed).

So, at the end of the day, ideally, you have a lot assets that are appreciating, and a lot of debts that are depreciating.

Here ya go ... a PHD from Trump U ...
Image




Ask all 'His' 'Friends' Now
'His' 'Wisdom' is A Ticket
to An Orange Jump Suit
(or Even Dead Pandemic
Style on 5th Avenue Keeping
HiS ONly Truth iNdeed Election
Real Promise Now)
NoT A Degree
Ya wanna
Earn
as Far
As Trump
Will See Soon
And Sooner enough;
And even if Not, the Hands
He Bites Now will be responsible
likely at the end as Who He disrespects
Most (clue: His Followers) may then be the
ones who wipe away what's left AS there is No Escaping Nature
After they Finally See Who He Really is too as even 'Faux News'

Erases him from

THeir Shoes too...

For THeir Same
New Dear Leader too...

Trump is
Born; He
Dies like
the Rest of Us
Now the only thing
that truly lives beyond is Love or Not...

His InvestmentS in 'ThaT' Ain'T LooKinG Good for Now...

And the Only Way to Save That is for Him to Find A Light in His Void;

Truly ya
Don't
Wanna
Go WHere
He Truly Already is...

Void, Void, Void, Devoid of LoVE

So Storied, Gehenna, the Garbage

Dump of Soul For Real Now Within...

Oh by the way, i understand, i never really
Loved Money but it was once 'a special interest'
enough to get enough for the rest of my Life Free...

by Age 47;
Just another
Asperger's
Super Power
in Financial
Ways too of course...

i don't know about
the rest of y'all but the
Asperger's Super Normal Powers by far outweigh
Anyone Bullying me for being different; And No
of Course there are no Smoke And Mirrors
And Lots of Red Hot Smoking Mirrors WHere
i come from for all the Evidence for all i claim too..

Ya Do what
Ya Gotta do
to Live then You BReATHE
Free; at Least the Folks who
Find a Way to Fit through the
Eye of the Needle Before With ENOUGH Camel Size Wiggle
Room With None of those Old CuLTuRaL Clothes of Paper thin Green...

The Main Difference in me Who is Nobody Special at all; don't even
have a Real Fully Given Name Now i use is i'm Really Rich in every Way;
For When it's True and You Come From Nothing And Stay Nothing it's worth

A Story or two at LeasT; Hehe

For Real
with no
Organized
Deceit of Lies that Stink...

Stank Stunk TRumP AGAiN too...

A Degree of Nothing Some Folks Sadly See Value in Now

Indeed Stink Stank Stump A Degree Straight out of the Garbage

Dump of Gehenna

within...

the Poorest
Place oF All
Devoid Soul of Love For Real...

Other than that 'therobotlives'
enjoy your special interest of
Money as Lord Knows i guess
THere is love in all there is... We Create ourselves....

Hehe; i never Forget A Person's Special Interest, no matter what their name is now..;)

Just Playing the Song by Celine Dion hehe; For Fair and Balanced Coverage of all the

Special Interests that

count

For

Real...

Haha imagine Trump
Being Romantic now
that takes some imagination hehe..

For i know as i am not that different than 'him';
but only in another lifetime now.... closer to her....

Balance

It's what

Life is all

About Balance

For Change and Not Just Money...

Faux Power and Status too that only

Truly Wears A Void Within As Well As Faux News of Soul Real Now...

Oh, 'The Power
of Love' Now
That's
Some
Good Stuff
if You are only
Dancing And Singing
it and Not Having to Endure
all the Cortisol and Drops in Serotonin; hehe,
True that's why the Call it 'Falling in Love' and
'Love Hurts' Ya Drop off in Higher Potential

Temporarily Thank God of Nature For Real;

Yes, For Real as it's what's Still required for
Survival of the Species, the Labor of Both Male and Female Same to Survive....

Yes, Love is my Special Interest for now; but if Necessary to survive i would
simply do what it takes to be rich the other way too again... For it's true We
Survive First Before We BReATHE Freest only DanCinG RiSinG iN LovE NoW THAT'S LIFE

Ya Fit
in, in
Rome
As Much
as Ya Have
to; to Go to Heaven Next;
It's sort oF AN HiSToRiCaL And HeRSToRiCaL MeMe
And THeMe SonG oF LiFE as We Make the Last Dance First..:)

HAha,
My PHD's
Are Piled
Deeper and
Higher; my S88T is
Free for Whatever Degree oF iT Ya Want or Not..;)


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B19
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29 Sep 2020, 2:51 pm

I'm sure older members here may recall a New York billionaire in the hotel business there famously said "Only little people pay taxes". Her failure to pay them eventually resulted in a stay at penitentiary hotel, which she apparently thought as a fate that didn't apply to elevated creatures such as herself. Her name was Leona Hemsley. Various accounts of her describe a fairly repugnant personality, and Trump launched attacks on her assumptions and character, in the manner (or so it seems to me) of pots and kettles..

Fascinating; read about it here - I will award prizes for spotting the parallels (no I won't!)

https://www.washingtonpost.com/archive/ ... abe861358/

https://en.wikipedia.org/wiki/Leona_Helmsley



Fnord
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29 Sep 2020, 3:45 pm

Leona Helmsley and Donald Trump both wanted/want to make clear distinctions between themselves and people they claimed/claim were/are inferior in some way (Helmsley: "Little People"; Trump: "Losers").  Neither Helmsley nor Trump were/are any better than the people they disparaged.

:roll: (Stupid verb tenses ...)



Tross
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19 Jan 2021, 2:29 am

StanHansen wrote:
Well, I can't blame Trump for his tax evasion schemes as a citizen.
I can. Under normal circumstances I'd call his actions illegal. Apparently he actually found legal loopholes though. But, legal or not, it's still reprehensible. When people like him don't pay their taxes, that's a lot of money that doesn't go to the government or the economy. It's why the rest of us can't have nice things, and why some are even struggling to get by.

I'm with you on low income families being screwed over, but that's only because people like Donald don't do their part and pay what they owe. It's true that it's unfair that such a loophole only exists for rich people, but screw them regardless if they take advantage of it.

I'm not American by the way, but although I'm also with you on hating tax season, I think it's my duty as a citizen of my country to fill out my tax returns.

I also find the whole concept of rich person "debt" appalling. Who else can go into debt and still live lavishly? Apparently one can be considered "wealthy" in spite of technically having negative dollars, and actually technically having a far worse net worth than even the vast majority of people who are in crippling debt. It just requires having been rich before going into said "debt". :roll:

I use quotes on the knowledge that Donald will actually have to pay his debt, but heck if he didn't get away with not doing so for so long, and he was even able to rack up more and more as he went along, in spite of having already been in far greater debt than should have been allowed in the first place. I want to be part of the upper class. Where can I sign up? 8)



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19 Jan 2021, 2:25 pm

You put that degree on your resume you have disqualified yourself from roughly 65 percent of companies.


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