Trump Busted As Tax Break Shows The ‘Billionaire’ Makes Less Than $500,000

[Gonad the Barbarian]

But isn't that admitting he doesn't have the over profits of Apple as fluffer and other Trump fans have so eloquently said in many of his posts?

If you go year by year, comparing Apple "profit" to Trump "income," I'm sure more often than Trump comes out behind. But it's an Apple (ha!) to Orange (haha!) comparison.

 

[Svnla]

Warren Buffet's house is old and not big and his salary is "only" $100K/year, what a loser, right OP? <sarcastic>

 

[Indus]

Seems your argument relies on a lot of magic and faerie dust as opposed to logic.

I don't pretend to know one way or the other and will let the facts sort it out. When large corporations that make billions in revenue get tax checks from the government for millions instead of paying a dime due to how our tax code works, I don't find it surprising or untoward in the least that a Billionaire may have structured his investments in a way that his "income" is marginal compared to his net worth.

Your view seems narrow, mine is incomplete - but only one of us is thinking Trump is guilty until proven innocent. Think about that a bit.

Actually my entire argument is to disprove fluffer's post he slobbered all over namely this one:

Trump Organization is pulling a higher profit margin than Apple.

So someone demonstrate to me.. which one is it? Net profit under $500k but still higher than Apple? Or the fluffer's post is just basic fluffing.

 

[Indus]

If you go year by year, comparing Apple "profit" to Trump "income," I'm sure more often than Trump comes out behind. But it's an Apple (ha!) to Orange (haha!) comparison.

Yes since they came out with the ipod, I would think so too.

They've had ipod, imac, iphone, ipad, apple watch vs well you know stuff I've never even bought or wanted to buy.

 

[SP33Demon]

So where the fuck are the profits fluffer? Or do you want to go back to slurping and slobbering on Trump's little weiner? Oh wait you never stopped..

I wonder if some of the money is from stealing from this model: http://www.huffingtonpost.com/entry...decided-this-week_us_56e02bc8e4b0860f99d74277

If you even read the Wiki on Trump Org, you would've saved 10 minutes of your day:

In 2015, Trump earned $71 million from condo sales and collects $41.9 million in rental income on his buildings annually.[27]

Trump Organization is collecting 41.9 mill in rent ANNUALLY. Unreal that you do finance for a living and actually believe your little liberal website politicsusa is telling the truth. You've been brainwashed. No wonder studies show Democrats have a lower IQ overall than Repubs. Don't believe everything you read. I posted Trump's financials in the other thread, did you even look at that document?

 

[Indus]

So lets see this shall we..

Tax records: under $500k net profit per year
Fluffer: $112.9 million profit per year

Apple profits: $11.1 BILLION net profit quarterly (someone can post the full year)

Trump Organization is pulling a higher profit margin than Apple.

So which one is it? Did you just make this up?

 

[Subyman]

He said profit margin. Without revenue, we can't compare. Profit margin depends on the industry though. It is only important when comparing similar industries. Obviously, Trump is in a different business than Apple, so it is pointless to compare them.

 

[Jaskalas]

Topic: Poor people don't understand money or tax code. News at 11!

 

[Indus]

He said profit margin. Without revenue, we can't compare. Profit margin depends on the industry though. It is only important when comparing similar industries. Obviously, Trump is in a different business than Apple, so it is pointless to compare them.

Very far fetched quote meant to demean non trump voters which is why I wanted to disprove that theory.

Sadly I don't think we'll get documents where actual revenue is discussed since that'd like open up a can of worms with the IRS.

 

[SP33Demon]

Yes since they came out with the ipod, I would think so too.

They've had ipod, imac, iphone, ipad, apple watch vs well you know stuff I've never even bought or wanted to buy.

"And it&#8217;s simply not the case that Trump is &#8220;fair-to-middling&#8221; at running his business. In fact, Trump&#8217;s business is insanely profitable. According to that Businessweek story, the Trump Organization brought in about $605 million in revenue last year, and managed to clear somewhere between $275 and $325 million in profit. That&#8217;s a phenomenally high profit margin (which, of course, is a key sign of the health of a business). Trump&#8217;s approximately 50 percent margin means his company is more profitable than Pfizer, Gazprom, and Hyundai &#8211; all the most profitable companies in their respective industries. Trump&#8217;s company even has higher margins than Apple. Who knew? It turns out Steve Jobs was only &#8220;fair-to-middling&#8221; at running a business."

http://www.weeklystandard.com/trumps-business-success-is-more-than-marginal/article/1031022
and

Apple has recorded the biggest annual profit in corporate history.
...
Apple's full-year revenue reached $233.7bn and annual profits were $53.4bn - equivalent to just over $1bn a week.

http://www.telegraph.co.uk/technolo...reports-biggest-annual-profit-in-history.html

So do the math on Trump Org's 275/605 vs 53.4/233.7, it's not hard. And that's just the low end estimate, the average is more like 300/605 for Trump Org. YUUUUGE profit margin, almost double Apple's best year.

 

[Spungo]

The OP is really braindead isn't he? And Warren Buffet's salary is only $100,000 but he's broke as a joke. Oh man. The kicker? The OP actually does finance for a living.

This. I really wish more Americans understood how the tax system works. Someone like Bill Gates might have their net assets increase by $1B in a year, but it doesn't get taxed as $1B unless it is sold (capital gains) or distributed (dividends).

I would assume rich people pay themselves as little as possible just so they get taxed as little as possible. Look at the next month's expected bills, it comes out to roughly $7,000, so write yourself a $7000 bonus for the month (on top of your $1 yearly salary) to cover those bills. Lots of business owners officially get paid $1 per year.

 

[Indus]

So do the math on Trump Org's 275/605 vs 53.4/233.7, it's not hard. And that's just the low end estimate, the average is more like 300/605 for Trump Org. YUUUUGE profit margin, almost double Apple's best year.

LOL

Did you just confuse 605 million with 233.7 BILLION and that's why you said Trump makes more profits than Apple?

605 million = $605,000,000.00
233.7 billion = $233,700,000,000.00

 

[DrPizza]

Are you suggesting that the total income from just Trump ties, shirts, suits (which is not investment income but result of sales) and lending name out for Trump steaks and others is less than $500,000?

That was exactly my point.. where are the profits from these ventures since they're not investments but sales.

Wait. You do finance for a living, and you don't have a clue that if someone owns a company that the profits of the company aren't the same thing as the owner's income? Let's say the steak company sells $1 million worth of steak. Its cost for the steak was $500,000, and its cost for the hundreds of acres of land which it invested in to expand the company was another $500,000. Can you tell me how much "income" that is on Trump's return, rather than his company's tax filings? I'm not a Trump of fan, but it seems that it's pretty easy to manipulate how much "pay" you receive as income so you have some walking around cash.

 

[fskimospy]

He said profit margin. Without revenue, we can't compare. Profit margin depends on the industry though. It is only important when comparing similar industries. Obviously, Trump is in a different business than Apple, so it is pointless to compare them.

Yes, comparing profit margins between a name licensing scheme and a computer manufacturer is incredibly stupid. It's totally nonsensical.

Then again it came from the Weekly Standard. That's a propaganda magazine so it's not like that's a shock.

 

[SP33Demon]

LOL

Did you just confuse 605 million with 233.7 BILLION and that's why you said Trump makes more profits than Apple?

605 million = $605,000,000.00
233.7 billion = $233,700,000,000.00

Do you seriously do finance for a living and not know how to calculate profit margin? WTF WOW

 

[fskimospy]

Do you seriously do finance for a living and not know how to calculate profit margin? WTF WOW

The guy who asks for change on the train has no expenses but makes $5 a day. By your logic he has higher profit margins than Apple too (UNLIMITED %!!!!) so we should be impressed with his business acumen.

Don't read the Weekly Standard. It's bad for your brain.

 

[JockoJohnson]

If you go year by year, comparing Apple "profit" to Trump "income," I'm sure more often than Trump comes out behind. But it's an Apple (ha!) to Orange (haha!) comparison.

I lol'ed. Not sure if anyone else will admit it.

 

[Indus]

Do you seriously do finance for a living and not know how to calculate profit margin? WTF WOW

I'm talking net profit fluffer. Go slurp on his dick some more.

 

[SP33Demon]

Yes, comparing profit margins between a name licensing scheme and a computer manufacturer is incredibly stupid. It's totally nonsensical.

Then again it came from the Weekly Standard. That's a propaganda magazine so it's not like that's a shock.

I know, it must really hurt that Trump Organization has double the profit margin of Apple. Those pesky facts are "nonsensical".

Less than half of Trumps companies are involved in licensing but keep peddling your FUD. Even you're too lazy to read Wiki.

The Trump Organization spans a wide variety of industries including real estate, construction, hospitality, entertainment, book and magazine publishing, media, model management, retail, financial services, board game development, food and beverages, business education, online travel, airlines, helicopter air services and beauty pageants.[10][15]

So his rental income is licensing?
In 2015, Trump earned $71 million from condo sales and collects $41.9 million in rental income on his buildings annually.[27]

His carousel is licensing?
The carousel generates $589,000 from annual admissions.[36][37][38]

His skating rink is licensing?
The rink generates close to $8.7 million in annual income from rink admissions.[27][36][37]

His golf courses?
Trump earned at least $176.4 million from 15 golf courses in Scotland, Ireland and across the Eastern Seaboard — about 41 percent of the low-end estimate of his income since 2015.[27]

So how much does Trump actually earn from just licensing is the question:
Trump has generated more than $74 million in real estate licensing deals.

Yes, licensing is about the same as his rental income. Owned again, this time without vaseline.

 

[Indus]

The guy who asks for change on the train has no expenses but makes $5 a day. By your logic he has higher profit margins than Apple too (UNLIMITED %!!!!) so we should be impressed with his business acumen.

Don't read the Weekly Standard. It's bad for your brain.

Very true. 0 cost, 100% profit margin.

But I've been consistently talking about net profits.

 

[fskimospy]

I know, it must really hurt that Trump Organization has double the profit margin of Apple. Those pesky facts are "nonsensical".

Less than half of Trumps companies are involved in licensing but keep peddling your FUD. Even you're too lazy to read Wiki.


So his rental income is licensing?
In 2015, Trump earned $71 million from condo sales and collects $41.9 million in rental income on his buildings annually.[27]

His carousel is licensing?
The carousel generates $589,000 from annual admissions.[36][37][38]

His skating rink is licensing?
The rink generates close to $8.7 million in annual income from rink admissions.[27][36][37]

His golf courses?
Trump earned at least $176.4 million from 15 golf courses in Scotland, Ireland and across the Eastern Seaboard — about 41 percent of the low-end estimate of his income since 2015.[27]

So how much does Trump actually earn from just licensing is the question:
Trump has generated more than $74 million in real estate licensing deals.

Yes, licensing is about the same as his rental income. Owned again, this time without vaseline.

Haha, it doesn't hurt me at all. You made an extremely stupid comparison that anyone who has literally the slightest amount of business knowledge would laugh at. You're trying to compare profit margins between dissimilar industries, which is a finance 101 mistake.

As I mentioned, the hobo on a train is a superior businessman to Steve Jobs by your standard. Just admit that you made a dumb argument and move on. If you read the Weekly Standard less you're less likely to be duped again in the future.

 

[sm625]

There is a difference between assets and income.

 

[SP33Demon]

The guy who asks for change on the train has no expenses but makes $5 a day. By your logic he has higher profit margins than Apple too (UNLIMITED %!!!!) so we should be impressed with his business acumen.

Don't read the Weekly Standard. It's bad for your brain.

Actually, Trump Org's numbers came from Businessweek. 300/605mil = almost a 50% profit margin any way you slice it. That is insane profit margin for any company. Ask Apple if they'd like to have 50% instead of low 20's.

 

[SP33Demon]

Haha, it doesn't hurt me at all. You made an extremely stupid comparison that anyone who has literally the slightest amount of business knowledge would laugh at. You're trying to compare profit margins between dissimilar industries, which is a finance 101 mistake.

As I mentioned, the hobo on a train is a superior businessman to Steve Jobs by your standard. Just admit that you made a dumb argument and move on. If you read the Weekly Standard less you're less likely to be duped again in the future.

If I'm investing in a company, I want to know what their profit margin is and it's going to affect my decision to invest in them. Yes industry's future will affect the decision as well. In fact, I'd be less likely to invest in Apple because their future growth is uncertain. Trump Org? Rental income, licensing income, clothing royalties income, and golf course income (the rich aren't going to stop playing golf anytime soon)? Where do I sign up. Hedge fund managers want to know which companies will stay profitable for their clients and Trump Org is going to be able to sustain huge profit margins. Period.

 

[Indus]

Wait. You do finance for a living, and you don't have a clue that if someone owns a company that the profits of the company aren't the same thing as the owner's income? Let's say the steak company sells $1 million worth of steak. Its cost for the steak was $500,000, and its cost for the hundreds of acres of land which it invested in to expand the company was another $500,000. Can you tell me how much "income" that is on Trump's return, rather than his company's tax filings? I'm not a Trump of fan, but it seems that it's pretty easy to manipulate how much "pay" you receive as income so you have some walking around cash.

Point taken and taxable income would be 0 but that's working the tax code. However that doesn't mean net profit > Apple.