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Featured Trump Campaign: New York Times Illegally Obtained Tax Records

Discussion in 'News & Current Events' started by poncho, Oct 2, 2016.

  1. InTheLight

    InTheLight Well-Known Member
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    Yeah, that's it. A $916 million business screw up and subsequent tax write-off by a supposed billionaire that is asking us to trust him with the world's number one economy is a "distraction."

    I reiterate--the issue is not that he used tax laws to deduct the loss, the issue is that he lost almost a billion dollars in the early 90's, just when the economy was starting to heat up. He lost money on casinos. How does someone do that?
     
  2. Revmitchell

    Revmitchell Well-Known Member
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    Now it looks like Marla Maples leaked the tax returns so there may not be anything illegal.
     
  3. poncho

    poncho Well-Known Member

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    You aren't talking about Hillary's abuse of Bill's rape victims are you?
     
  4. InTheLight

    InTheLight Well-Known Member
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    No. What is the title of this thread?

    Oh, I see.....it's

    Trump Campaign: New York Times Illegally Obtained Tax Records
     
  5. poncho

    poncho Well-Known Member

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    There are three threads addressing Hillary's abuse of Bill's girlfriends and rape victims but you can't be found in any of them. Your BFF the "Super Christian" can't be found in any of them either.

    Coincidence?
     
    #45 poncho, Oct 3, 2016
    Last edited: Oct 3, 2016
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  6. Lewis

    Lewis Active Member
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    Because there was a total collapse of the commercial real estate market prior to this, in the late 80's.

    His losses were prior to the "heat up", and Trump was legally able to claim his loss for several years to come, at least up to 1995. Just as Jeff Bezos (Amazon) did in 2000, GM did for several years after their bailout. And of course the Clintons legally did the same with their own personal taxes in 2015:
    [​IMG]
     
    #46 Lewis, Oct 3, 2016
    Last edited: Oct 3, 2016
  7. InTheLight

    InTheLight Well-Known Member
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    Three things wrong with your assertions.

    Trump's losses are related to his casinos, his airline, and his purchase of the Plaza Hotel. They don't have much to do with commercial real estate. (I use the term "commercial real estate" to refer to office buildings, warehouses, and industrial parks that Trump might have owned and was renting out.)

    Trump did not claim $916 billion of losses prior to 1995 and then claim this loss for several years to come. Trump claimed a $916 billion loss IN 1995 and then was able to use that loss to offset any gains for years to come, probably at least 20 years to come, as the NYT speculates.

    Clinton's claim of a $699,000 loss on capital gains is a one time write off. It does not carryover to future years. This is their personal taxes not a corporate tax return with retained earnings/losses. Corporate losses (or gains) are claimed annually and they increase or decrease with losses or gains in subsequent years. This is how the NOL (Net Operating Losses) work.
     
  8. Zaac

    Zaac Well-Known Member

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    Why would we be talking about Bill's anything? He ain't running. Poor Alex just needs validation for another conspiracy. Focus on proving we didn't go to the moon or how Tupac, Biggie and Elvis are all sunning it on some Caribbean Island.:rolleyes:
     
  9. poncho

    poncho Well-Known Member

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    I'm glad you brought that up Zaac.

    I thought you were the king of pointing out error? But in this case you are hiding behind your own error.

    Bill Clinton rapes women physically then Hillary Clinton rapes them psychologically by hiring thugs to threaten and intimidate them and their children into silence.

    Tell me oh wise Mr. Super Christian, master of pointing out all error in others how is it you can't see the error of defending a serial rapist's accomplice in your own self?

    Do you take God for such a fool that He can't see you have selective morals?

    Rape Victims Lives Matter!
     
    #49 poncho, Oct 3, 2016
    Last edited: Oct 3, 2016
  10. Lewis

    Lewis Active Member
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    Hotels and casinos are not real estate? Come now. His loss was in 1990.
     
  11. InTheLight

    InTheLight Well-Known Member
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    They are not "commercial" real estate, by the strict definition of the word. Commercial real estate is the term you used linking it to the losses of the late 80's. And how do you screw up and lose money with a casino?

    If his losses were in the late 80's and in 1990, why did he wait until 1995 to declare them as losses?
     
  12. Revmitchell

    Revmitchell Well-Known Member
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    owing casino's is a problem. the business loss is not
     
  13. Revmitchell

    Revmitchell Well-Known Member
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    owning casino's is a problem. the business loss is not
     
  14. Zaac

    Zaac Well-Known Member

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    Alex you get crazier and crazier everyday. Who on this board is supporting Hillary Clinton? You'd be lucky to find one out two. You're just mad that you can't convince us to support the crazy man by badmouthing someone we already don't support.

    There, there. It's gonna be okay. You'll see when the world doesn't fall apart because of President Hillary Clinton.

    You deserve her.



    Sent from my SGH-M919 using Tapatalk
     
  15. Zaac

    Zaac Well-Known Member

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    Are you saying that Christians should have a problem with gambling? By the support for him, I don't think the gambling is an issue for Christians. The only thing that seems to matter to a lot of Christians anymore is this idolatrous issue of abortion.

    Sent from my SGH-M919 using Tapatalk
     
  16. InTheLight

    InTheLight Well-Known Member
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    They are both problems. We keep hearing about what a great businessman he is and he loses a billion dollars, mostly from casinos? Who would want someone that lost money at a surefire business to run our economy?
     
  17. Revmitchell

    Revmitchell Well-Known Member
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    Casino's are never sure fire. The casino's he lost on were in Jersey. That area had been losing more than just casino's due to something being built somewhere I forget. I don't see it, and neither to millions of Americans see it as an issue. I'm still not voting for him.
     
  18. Lewis

    Lewis Active Member
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    By his own admission, Trump was broke in 1990. Now Forbes estimates his current wealth as $3.7 Billion. Pretty darn good.
     
  19. Salty

    Salty 20,000 Posts Club
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    that would never happen to Warren Buffet - or would it?
     
    • Agree Agree x 1
  20. InTheLight

    InTheLight Well-Known Member
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    Buffet did not lose $1 billion, his stock holdings in one company, Coca Cola, decreased 6.4% on paper in the first quarter of 2014.

    So the value of his Coca Cola stock which was worth $16.5 billion at the beginning of the year was worth $15.4 billion at the end of the quarter.

    Buffet paid $1.3 billion for his stake in Coke years ago. He'd have to lose over $15 billion on Coke stock and then sell it before he would lose money on it.



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