New York Times: Donald Trump reports $916 million loss in 1995

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Paratus

Lifer
Jun 4, 2004
17,623
15,797
146
I doubt it. By all accounts Trumps major employees seem highly loyal.

I just wonder if he leaked it to do 3 things.

1. Get rid of it as a campaign issue. They are released. Sure, not his latest ones, but they are the ones with the greatest "damage".
2. Portray the media as corrupt, siding with hillary, illegal, and morally bankrupt. All of these feed into the continuing narrative that "they" are all for Hillary.

3. Everybody already knows he took a loss. He talked about it in the Art Of The Comeback. He can also say that he *had* to do it for his fellow investors, and he did so legally. Now you're also seeing people attack the NYT for not paying taxes, must be helpful to Carlos.


I think #2 is the biggest thing. He gets to stand aside and say "see, I told you so".
You don't know that. It could be some 400lb guy on his sofa who leaked that. ;)
 

mxnerd

Diamond Member
Jul 6, 2007
6,799
1,103
126
Trump: It's Hillary's fault! She has been in legislation for 30 years, why didn't she change the law?
 

HomerJS

Lifer
Feb 6, 2002
39,251
32,722
136
I am curious where they got this information. If somebody in the government released this, it is naked aggression of the establishment towards private citizens and cannot stand.
Some 400lb guy sitting on his bed sent them. :)

Actually NYT rep this morning said he got an envelope from Trump Tower in his mailbox
 

Pens1566

Lifer
Oct 11, 2005
13,701
11,295
136
Seeing reports on twitter that the NYT has more tax docs and will have follow ups.
 

Commodus

Diamond Member
Oct 9, 2004
9,215
6,820
136
I doubt it. By all accounts Trumps major employees seem highly loyal.

I just wonder if he leaked it to do 3 things.

1. Get rid of it as a campaign issue. They are released. Sure, not his latest ones, but they are the ones with the greatest "damage".
2. Portray the media as corrupt, siding with hillary, illegal, and morally bankrupt. All of these feed into the continuing narrative that "they" are all for Hillary.

3. Everybody already knows he took a loss. He talked about it in the Art Of The Comeback. He can also say that he *had* to do it for his fellow investors, and he did so legally. Now you're also seeing people attack the NYT for not paying taxes, must be helpful to Carlos.


I think #2 is the biggest thing. He gets to stand aside and say "see, I told you so".

Occam's Razor would cast doubt on that. Why would Trump's team knowingly release partial tax data that only makes him look bad, and reinforces the point that he must never take office? Since the tax info emerged, the question of the legality of the leak has largely been overshadowed by the taxes themselves.

Besides, we'd need more than a hunch about the loyalty of Trump's employees for that theory to work. Especially since Trump has a proven history of stiffing workers... it's more plausible to see this as the act of a jilted staffer (though I still think the staffer with a conscience is more plausible) than an elaborate plot.
 

HomerJS

Lifer
Feb 6, 2002
39,251
32,722
136
Seems like taking almost 1B loss, not paying taxes and at the same time stiffing contractors makes it more problematic
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,685
136
I doubt it. By all accounts Trumps major employees seem highly loyal.

I just wonder if he leaked it to do 3 things.

1. Get rid of it as a campaign issue. They are released. Sure, not his latest ones, but they are the ones with the greatest "damage".
2. Portray the media as corrupt, siding with hillary, illegal, and morally bankrupt. All of these feed into the continuing narrative that "they" are all for Hillary.

3. Everybody already knows he took a loss. He talked about it in the Art Of The Comeback. He can also say that he *had* to do it for his fellow investors, and he did so legally. Now you're also seeing people attack the NYT for not paying taxes, must be helpful to Carlos.


I think #2 is the biggest thing. He gets to stand aside and say "see, I told you so".

Gawd.

1. Donnie's taxes & business practices once again came to the forefront. That's hardly getting rid of it as a campaign issue.

2. As Colbert pointed out, facts have a well known liberal bias. Revealing them certainly isn't corrupt. Of course the msm is biased against Trump, simply because his candidacy is absurd & his followers corrupted from the absorption of to much right wing propaganda over a span of decades.

3. Trump took his cut of Atlantic City right off the top & claimed investor losses as his own for tax purposes. That $915M was money he'd borrowed, other people's money. The one thing for sure is that Trump was right- "I took a lot of money out of there". Not money earned from successful casino operation at all but money artfully bilked from lenders & investors. His casinos never made money.
 
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theeedude

Lifer
Feb 5, 2006
35,787
6,197
126
Trump should have released his taxes months ago, it would have been old news by now. Now, it's going to be drip drip drip until election day.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Gawd.

1. Donnie's taxes & business practices once again came to the forefront. That's hardly getting rid of it as a campaign issue.

2. As Colbert pointed out, facts have a well known liberal bias. Revealing them certainly isn't corrupt. Of course the msm is biased against Trump, simply because his candidacy is absurd & his followers corrupted from the absorption of to much right wing propaganda over a span of decades.

3. Trump took his cut of Atlantic City right off the top & claimed investor losses as his own for tax purposes. That $915M was money he'd borrowed, other people's money. The one thing for sure is that Trump was right- "I took a lot of money out of there". Not money earned from successful casino operation at all but money artfully bilked from lenders & investors. His casinos never made money.

1. The taxes are released, she can't use that anymore.

2. No, the hatred for anybody on the right is a liberal bias.

3. He took a loss in AC, which is why he could claim it on his personal taxes.
 

theeedude

Lifer
Feb 5, 2006
35,787
6,197
126
So once Trump claims these losses on his taxes, if he then files for bankruptcy and writes them off, he can still continue to use them against future income?
 

bshole

Diamond Member
Mar 12, 2013
8,315
1,215
126
He didn't do anything more, or less, than any other person has done in a government that allows NOLs. He has no responsibility to pay more taxes. No liberal superhero does. Uncle Warren, Bill Gates, among others, are running around lecturing everybody while deferring and avoiding as much taxes as possible.

Now if you want to argue that any NOLs should be removed above a certain tax threshold, that's fine by me, we should bring it up. However, to blame him, or put the spotlight on him, is wrong.

The people you mentioned made money for lots of people. Trump appears to have perfected the art of the con. His investors get the shaft and he pockets the profits. He is a complete and utter piece of shit.
 
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hal2kilo

Lifer
Feb 24, 2009
25,983
12,241
136
Still dodging I see. Trump argues that the rich, like him, need lower taxes. That massive businesses, like his, need lower taxes. You're dancing around what is legal and ignoring the entire point that the optics on it make it very hard to argue he needs more advantages. Is he not advantages enough if he can avoid any tax burden for decades?
He needs tax rebates what's with the zero sum shit.
 

fskimospy

Elite Member
Mar 10, 2006
87,916
55,234
136
1. The taxes are released, she can't use that anymore.

2. No, the hatred for anybody on the right is a liberal bias.

3. He took a loss in AC, which is why he could claim it on his personal taxes.

I guarantee you this will lead to more questions about his taxes, not fewer. If this was a strategic move by Trump...well...he's as incompetent as he's been the whole time. Maybe you're on to something!

By the way it was interesting to see you stop boasting and peacocking again after, contrary to your predictions, Clinton slaughtered him at the debate.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,685
136
1. The taxes are released, she can't use that anymore.

2. No, the hatred for anybody on the right is a liberal bias.

3. He took a loss in AC, which is why he could claim it on his personal taxes.

1. You wish. Trump has not released his taxes & likely never will. That will remain an issue until the election, an issue only intensified by this information leak.

2. Trump has not denied the veracity of the information in this leak. His accountant at the time has verified it. It is apparently factual information & has nothing to do with the usual right wing persecution complex.

3. Atlantic City? "I took a lot of money out of there." Other people's money, that is, people who believed in Trump's business acumen. His casinos never made money, but Donald made a killing. He's smart, alright, very smart in the way of all con men. He's running the biggest con of his life right now.
 
Jan 25, 2011
17,072
9,550
146
It's cut watching Trump surrogates argue that Trump owes it to stakeholders in his businesses to pay as little tax as possible. They seem to want to ignore that we are talking about personal taxes that in no way benefit anyone but himself.

Those past statements attacking everyone else about tax rates look really bad now.

Oh and lol @ lk trying to argue that the first page of 3 state tax filings from 1995 now count as releasing his taxes ending the entire issue. So delusional.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,685
136
I'm mostly just watching things implode after the first debate myself :)

http://www.bbc.com/news/election-us-2016-37533263

Giuliani is such a pig-

Rudy Giuliani, a close adviser to Mr Trump, also said the Republican nominee was a "genius" if he avoided federal income taxes.

"A lot of the people that are poor take advantage of loopholes and pay no taxes," the former New York mayor told NBC's Meet the Press on Sunday.

"Those are loopholes also."

Poor people need every break they can get. Rudy & Donald, not so much.