Greg Olear thread: Let's look at the Trump tax return numbers in the style of Harper's Index

[Nevilledog]

Link to tweet

Tweet text: Greg Olear
@gregolear
Let's look at the #TrumpTaxReturns #TrumpIsBroke
numbers in the style of Harper's Index.

[THREAD]

Unrolled thread here
https://threadreaderapp.com/thread/1310554282626895875.html

Let's look at the #TrumpTaxReturns #TrumpIsBroke
numbers in the style of Harper's Index.

[THREAD]
$0
What “billionaire” Trump paid in federal income tax in 10 of last 15 years.

$750
What Trump paid in federal taxes in 2017.

$15,598
What Trump paid in taxes to Panama in 2017.

$70,000
Amount paid to style his “hair” when he was at The Apprentice.

$109,433
What Trump wrote off as expenses for “silver and linens” at Mar-a-Lago in 2017.

$130,000
What Trump paid in “hush money” to Stormy Daniels.

$145,400
What Trump paid in taxes to India in 2017.

$156,824
What Trump paid in taxes to the Philippines in 2017.

$480,000
Salary earned by Junior, Eric & Ivanka via the family business.

$747,622
Consultant fees illegally paid for Ivanka Trump in 2017.

$1,900,000
Amount paid by Trump Org for Junior’s legal fees re: the Trump Tower meeting with the Russians. (Not a legit biz expense).

$2,000,000
Losses from Miss Universe Pageant, 2012.

$2,300,000
What Trump personally made in licensing fees from an Azeri oligarch with ties to Putin, for holding the Miss Universe Pageant in Moscow in 2013.

$3,800,000
Losses from Miss Universe Pageant, 2014.

$13,000,000
Amount earned from Trump’s deals in Turkey.

$21,100,000
Charitable deduction claimed by Trump for owning a mansion in New York State.

$47,400,000
Losses Trump claimed on his tax returns in 2018.

$55,500,000
Losses from Trump’s Washington hotel, 2016-18.

$72,900,000
Amount of refund from government Trump received that is now in dispute.

$100,000,000
Approximate amount he will owe federal government in back taxes if government rules against him in dispute.

$125,000,000
Mortgage on Doral golf course, due in three years.

$287,000,000
Amount Trump has stiffed lenders, 2010-present.

$315,600,000
Losses from Trump’s golf courses since 2000.

$421,000,000
Amount in loans that are coming due in next four years that Trump has personally guaranteed.

$427,400,000
Revenue Trump earned from The Apprentice.

$915,700,000
Losses Trump claimed on his tax returns in 1995.

Loser, phony, fraud, fake, criminal.

Give We The People back our money, Donnie.

[END]

Kudos to the team that produced this, for doing it and getting it published at NYT.

Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.
https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html?auth=login-google
• • •

[Baitball Blogger]

1. My dad would call tax evaders "bums"

We have a bum in the White House.

[lindysalsagal]

2. The scariest part of this is the fact that he couldn't do all of this himself.

He has so many people, including the rnc and gop, who smiled and signed and subcontracted and generally enabled this tsunami of destruction.

None of them walked away and said, "the guy's a dumpsterfire. I'm outtahere."

No! They all smiled and shook hands and built golf courses and casinos and hotels and condos and bought themselves new cars and second vacation homes.

It takes thousands of mindless, greedy, clueless fools not to see this gangster for what he is.

[Enoki33]

3. Interesting that his golf business lost $315,600,000 since 2000

yet he was able to buy Scottish properties for cash.