Trump's financials

[bladel]

Tax returns would be one half of the puzzle. Banking information would be the other.

If (as Cohen asserts), the game was to overinflated property values when applying for loans, but report different (much lower) values when selling / claiming losses, then that's Tax Fraud and/or Bank Fraud 101, depending upon which came first.

 

[Speedway1]

The Trump hate consumes most of you.

 

[SSG T]

Normally a bank isn't releasing someone's financial disclosures to the public. Not even prominent politicians.

Except, I'm pretty sure SDNY already has Trump's disclosures to DB. Now getting his tax returns, they can compare the two.

I don't care if anything is released to the public or not, it's SDNY that matters here.

And FTR, I also seem to remember reading his disclosures from DB that were released to the public.

 

[C/Seahawk]

The Trump hate consumes most of you.

your ignorance and stupidity blinds you.

 

[SSG T]

Tax returns would be one half of the puzzle. Banking information would be the other.

If (as Cohen asserts), the game was to overinflated property values when applying for loans, but report different (much lower) values when selling / claiming losses, then that's Tax Fraud and/or Bank Fraud 101, depending upon which came first.

This. And as I mentioned, pretty sure it was already announced SDNY has his financials from Deutch Bank

 

[unsubstantiated]

Imagine if President Barak Obama had been the first to refuse to release his taxes.

Trump would not have had a choice, as the Republicans would have made it a law.

 

[Finance85]

IIRC these discussion were about Net Worth. I would agree with you there.

No. Joes Place kept saying he wanted to see the returns so he could see who Trump was doing business with. I posted links to every IRS form and challenged Joes Place to tell me which form had that information. It wasn't ever about net worth.

I speculated, and I'm still speculating, that Trump has a much lower personal income than he pretends in public, and probably has very little charitable giving, and he's simply embarrassed and doesn't want to explain it. There's no doubt he runs most of his personal expenses through his companies, and at least some of his company benefits should probably be claimed as personal income.

 

[silasstarr]

Trump businesses had 4 bankruptcies reported as of 2016. That should have been enough. His personal returns won't show anything that Dems think they will show, like who Trump does business with, etc.

If I had to guess, they will show that he’s cheated on a pretty grand scale. I also believe that he’s not nearly as wealthy as he has claimed to be.

 

[Fijimn]

Claiming inflated valuations for tax loss purposes. Not a little tax vs book value discrepancy. I'm talking tens to hundreds of millions. That's fraud. That's stealing from the taxpayers of New York and the USA.

Sure. But that wouldn’t be evident on his personal returns.

 

[SSG T]

No. Joes Place kept saying he wanted to see the returns so he could see who Trump was doing business with. I posted links to every IRS form and challenged Joes Place to tell me which form had that information. It wasn't ever about net worth.

I speculated, and I'm still speculating, that Trump has a much lower personal income than he pretends in public, and probably has very little charitable giving, and he's simply embarrassed and doesn't want to explain it. There's no doubt he runs most of his personal expenses through his companies, and at least some of his company benefits should probably be claimed as personal income.

The first part of the highlighted I agree with. Taken on their own, that's all we'll find.

But, it's already know what he's claimed to get loans. If his tax returns show something different, that's fraud, not just embarrassing.

 

[C/Seahawk]

No. Joes Place kept saying he wanted to see the returns so he could see who Trump was doing business with. I posted links to every IRS form and challenged Joes Place to tell me which form had that information. It wasn't ever about net worth.

I speculated, and I'm still speculating, that Trump has a much lower personal income than he pretends in public, and probably has very little charitable giving, and he's simply embarrassed and doesn't want to explain it. There's no doubt he runs most of his personal expenses through his companies, and at least some of his company benefits should probably be claimed as personal income.

lets be honest, Trumps personal income is absolutely far less than he pretends and he gives next to nothing to charity. He is a head to toe fraud, grifter and conman. The truly baffling aspect of it all is that upwards of 70million people still voted for this schmuck and think he is some sort of good business man. Our general population has become so stupid. Trump removed from office and facing a heap of criminal charges is only step one...dealing with all the morons, racists and greedy bastards is step two, the far more difficult challenge of the two.

 

[Joes Place]

As with everything else, I don't believe this will end up mattering either. Even if there's something in there and they convict trump, he continues to claim he's a martyr for the "common folk" from inside jail, and fundraise like never before.

As long as he gets out before 2024 enough loonies will still vote to nominate him that he'll end up as their candidate again.

Not if he's in jail.

 

[Joes Place]

No. Joes Place kept saying he wanted to see the returns so he could see who Trump was doing business with. I posted links to every IRS form and challenged Joes Place to tell me which form had that information.

FUNFACT: That information IS in the tax records. Because Trumps personal and business records are grossly intertwined.

 

[LuteHawk]

As Frank Sinatra would sing about Trump today:

"The End is near, I see the Final Curtain, I did it My Way"

 

[SoMplsHawkI]

I'd like to know who a Presidential candidate owes money to.

WINNER!!

 

[ping72]

The Trump hate consumes most of you.

As it should. Call me crazy, but anyone who leads attacks on our country are deserved of my hate: Bin Laden, Trump, etc.

 

[Joes Place]

Really? Let's go back 4 years. I posted links to every single tax form

AGAIN: Loans, businesses he's collecting income from.

If you're filing the types of taxes Trump is, ALL of that is in your taxes. And there is evidence he has converted "loans" to "income" on a Chicago property.

Just because YOU don't understand it, doesn't mean it ain't in there.

 

[Joes Place]

For example?

Damn, you are one naive cupcake!!!!

 

[TheCainer]

I'd like to know who a Presidential candidate owes money to.

Exactly. If he owes money to Russian oligarchs, that would explain a lot of his moves and secrecy, while in the WH.

 

[bladel]

Reminder that the NYT already has several years of tax filings for Trump. He paid $0 for many years, and $750 for the first years he was in the White House.

His returns show massive losses, except during the years when he was on "The Apprentice". That seemed to be the only period when his business weren't hemorrhaging cash. But then he started buying golf courses, and went in the hole again.

The pattern appears to be that when he licensed his name he did OK, but every business he tried to manage himself was a um...poop-show.

 

[Jan Itor]

Who cares?

I don’t understand the big deal over a politician’s taxes.

You're not thinking about this hard enough. It's not just about releasing his taxes. On the surface, it looks like Trump has been involved in some shady deals. They want to determine just how shady and with who. And did those deals influence his policies.

 

[SSG T]

Ok, a made up example.

Trump tries to get a $1B loan from DB, so he claims $400M income to secure the loan. However, his tax returns show he only earned $50M in the year he secured that loan. What is it called when you falsely inflate your income to get a loan you don't qualify for?

 

[bladel]

Also, the target may not be Trump himself. For example, Ivanka may be the one that's really in legal danger here.

 

[Jan Itor]

Especially one who is likely audited annually.

You mean an ongoing audit that never ends?

 

[Jan Itor]

Ok, a made up example.

What is it called when you falsely inflate your income to get a loan you don't qualify for?

China?

 

[Finance85]

The first part of the highlighted I agree with. Taken on their own, that's all we'll find.

But, it's already know what he's claimed to get loans. If his tax returns show something different, that's fraud, not just embarrassing.

Is DB claiming fraud and asking the SDNY to prosecute?

 

[tumorboy]

Sure. But that wouldn’t be evident on his personal returns.

It would be when compared to his Bank Records or the valuations he claims in public bragging all the time.

 

[ping72]

Ok, a made up example.

Trump tries to get a $1B loan from DB, so he claims $400M income to secure the loan. However, his tax returns show he only earned $50M in the year he secured that loan. What is it called when you falsely inflate your income to get a loan you don't qualify for?

Or falsely claim less than you earned on your taxes.

Although in this case both likely happened.

 

[83Hawk]

What if the returns hide criminality?

Then why hasn’t the IRS taken action? I sincerely don’t care about a politician’s tax return. If they are cheating, then I rely on the IRS to catch them at it.

I’m still waiting for Joe to link ONE post of mine where I stated I voted for Trump in either 2016 or 2020.

 

[Finance85]

Ok, a made up example.

Trump tries to get a $1B loan from DB, so he claims $400M income to secure the loan. However, his tax returns show he only earned $50M in the year he secured that loan. What is it called when you falsely inflate your income to get a loan you don't qualify for?

LoL. Unless Trump is doing a personal guarantee, which is highly unlikely, we need another example. Trump is the absolute master at using other people's money.

Banks will often ask for personal guarantees, and many business people will do that. Trump? That's highly unlikely.

 

[WisestIowan]

I'd like to know who a Presidential candidate owes money to.

That information wouldn't necessarily be in his tax returns. It may show total debt, but not debtors.

 

[Funky Bunch]

Ok, a made up example.

Trump tries to get a $1B loan from DB, so he claims $400M income to secure the loan. However, his tax returns show he only earned $50M in the year he secured that loan. What is it called when you falsely inflate your income to get a loan you don't qualify for?

Except this is Trump we're talking about. So probably inflated losses on properties that he sold.

 

[lucas80]

Also, the target may not be Trump himself. For example, Ivanka may be the one that's really in legal danger here.

I think everyone who signs documents for Trump Org is a target. Much like the bogus charity, they are all complicit. If my last name is Trump I am getting really nervous about what Allen Weisselberg might be planning to do if he gets squeezed. There are three to four people at Trump Org who do not have the protection that the Trump name provides. If any of them flip when squeezed Princess will go to Danbury, CT.
And, to the point some are attempting to make that the tax returns aren't important I say not by themselves. We should not assume that these are the only documents the NY and Manhattan folks either have, or are seeking.

 

[lucas80]

Then why hasn’t the IRS taken action? I sincerely don’t care about a politician’s tax return. If they are cheating, then I rely on the IRS to catch them at it.

I’m still waiting for Joe to link ONE post of mine where I stated I voted for Trump in either 2016 or 2020.

The IRS is a paper tiger. Years of budget squeezes and regulations make enforcement hard. Keep in mind, there is the unresolved issue of the $70 million dollar return that is being reviewed. Not being president anymore really hurts Trump with that one.

 

[Chishawk1425]

LOCK THIS ****ER UP!!!!!!!!!

 

[theVoicefromtheTomb]

Except this is Trump we're talking about. So probably inflated losses on properties that he sold.

Seems to me if you suspect someone of tax fraud you need to obtain their tax records. Of course, I’m not a tax expert.

 

[bladel]

I think everyone who signs documents for Trump Org is a target. Much like the bogus charity, they are all complicit. If my last name is Trump I am getting really nervous about what Allen Weisselberg might be planning to do if he gets squeezed. There are three to four people at Trump Org who do not have the protection that the Trump name provides. If any of them flip when squeezed Princess will go to Danbury, CT.
And, to the point some are attempting to make that the tax returns aren't important I say not by themselves. We should not assume that these are the only documents the NY and Manhattan folks either have, or are seeking.

"Tax returns don't matter." Tell that to Capone!

 

[tumorboy]

Then why hasn’t the IRS taken action? I sincerely don’t care about a politician’s tax return. If they are cheating, then I rely on the IRS to catch them at it.

I’m still waiting for Joe to link ONE post of mine where I stated I voted for Trump in either 2016 or 2020.

He was President. And it cases as big as Trump it can take awhile due to his resources to delay.

 

[CarolinaHawkeye]

4-plus years now, maybe someday they come up with something. It's incredible that before he ran for POTUS, nobody thought to go after him?

An analysis by USA Today published in June 2016 found that over the previous three decades, Donald Trump and his businesses have been involved in 3,500 legal cases in U.S. federal courts and state court, an unprecedented number for a U.S. presidential candidate.[1] Of the 3,500 suits, Trump or one of his companies were plaintiffs in 1,900; defendants in 1,450; and bankruptcy, third party, or other in 150.[1] Trump was named in at least 169 suits in federal court.[2] Over 150 other cases were in the Seventeenth Judicial Circuit Court of Florida (covering Broward County, Florida) since 1983.[3] In the 1,300 cases where the record establishes the outcome, Trump settled 175 times, lost 38, won 450, and had another 137 cases end with some other outcome. In the other 500 cases, judges dismissed plaintiffs' claims against Trump.

 

[Finance85]

Damn, you are one naive cupcake!!!!

Nope. That's your response after 4 years of not being able to tell us which return will have a list of who Trump does business with.