Florda_mike said:

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Doc Holliday said:

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This story has already failed in MSM LOL

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What do you mean?

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The MSM ran with these taxes as if they were damning and nobody really cares.

Florda_mike said:

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J.R. said:

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Florda_mike said:

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midgett said:

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J.R. said:

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midgett said:

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J.R. said:

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Johnny Bear said:

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Much of this whole "tax returns" junk is about playing on general mass ignorance about tax law and even about what a tax return is actually all about. A tax return is a report that declares income (as the government defines income) and then shows declared deductions, credits, etc. to ultimately arrive at whatever the taxpayers "taxable income" is and if that ends up being a positive number, then the applicable tax rate is applied to arrive at the taxpayer's bottom line liability. If it's a negative number, then you have a loss - for income tax purposes - for which there are either carry-back or carry-forward options, etc. And reporting NOLs on tax returns happens frequently for high end, entrepreneurial tax payers and for corporations and doesn't necessarily indicate total failure or certain bankruptcy, etc. Also, for accounting purposes, the books for the entrepreneur or corporation might be quite different and it's all completely legal as we're talking about two different things here (again, something that's widely misunderstood due largely to the complexity and nature of our income tax laws).

As far as whether or not tax cheating or anything illegal is going on - that's what IRS audits are for and I'm sure somebody like Trump has been audited frequently if not continuously throughout most of his business career. If he's cheating, I have confidence the IRS will find it and there has been nothing to date that I'm aware of to indicate that has been or is the case.

And of course, as others have indicated, tax returns tell you exactly zero about the taxpayer's total assets and/or net worth, etc., which are much greater "success indicators".

So, bottom line, this is all just another attempt at making the POTUS look bad, or look like a failure, or appear dishonest while playing on people's ignorance.

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What it does show is that for that period of time, he was failure. Not how he portrays himself, hence he's a fraud and a liar. But, we knew about the lying part. Additionally, tell me where you he recieved $52M in interest income in one year? The bigger question is...where is the money coming from? That is why he is doing everything possible not to turn over those returns as the related schedules just might land him in jail.

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20 years of Amazon tax returns showed huge losses. What a failure that company was!

Oops!

Now they are putting lots of traditional retailers out of business. Just like Trump put Clinton out of business.

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we are not talking about Amazon. They are a public company and everyone can see their quarterly earning report. Therein is the big, big, difference. Amazon is transparent. Trumps is just the opposite, cuz isn't what he says he is. Are you that dumb?

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I'm very dumb.

Transparent or not, Amazon generates billions of losses. Based on the definition you used Amazon must be a failure.

Amazon & Trump, like EVERY WISE company and entrepreneur, especially in industries that provide advantages for those well-versed in tax accounting laws, do everything they can to minimize income or, preferably, generate tax losses. To not do so is making a charitable contribution to the government, a very inefficient spender of money. That's ignorant.

Hopefully, since you are in real estate you take advantage of the same laws to generate optimal returns. If not, that's just dumb.

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If JR's in real estate he's got a rent home in a trust from ma n pa he gets a monthly check in mail for and he does nothing to get it and he calls that, "in real estate!"

Sham

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no mikey. Multifamily 18,000 doors. Office building, Industrial. Oh, and most importantly, I don't lose money like the Trumps. thanks for playing.

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No way you own that nor built it

You MIGHT be part of a management team or it's a family business that you had nothing to do with building

You obviously have no clue what Trump has done so stop acting like you are all high and mighty

You read nothing of his real estate journey and just comment from anger

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ok, Mikey, you are right. lol

... and more than a few texas RE developers and large banks went busto over the same time period.

le merde pasa.

- BUmma

{ sipping coffee }

william said:

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... and more than a few texas RE developers and large banks went busto over the same time period.

le merde pasa.

- BUmma

{ sipping coffee }

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I remember large multi unit projects abandoned in and around dallas at that time

Certain businesses i.e. Amazon, real estate, oil and gas for example can pile up operating losses one year to the next while building asset value. They cash in on the asset value through IPOs or sale of assets. Some business models are built around that concept. You have to look at multi year financials for someone like Trump to assess asset value, not just operating income/loss to evaluate their success or viability.

I'm not a Trump fan, but you can't impugn his business success from solely looking at his tax returns.