General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumstrump's 2005 tax return prediction thread
I'm going to guess he was broke in 2005, still claiming losses.
What's your guess?
Cattledog
(5,914 posts)Unless she has the entire return we won't know the juicy details like Russia, etc.
uponit7771
(90,335 posts)pangaia
(24,324 posts)trump who?
NightWatcher
(39,343 posts)I'm ready for baseball too. I might venture to Jupiter next week for a Spring game.
pangaia
(24,324 posts)With all the great bizzaro names in MiLB, THAT takes the cake..!!!
NightWatcher
(39,343 posts)The Velveteen Ocelot
(115,674 posts)they wouldn't be promoting it so enthusiastically. I wonder how they got it?
leftstreet
(36,106 posts)By Richard Rubin
March 17, 2016 5:25 p.m. ET
137 COMMENTS
Donald Trump was able to deduct $39.1 million from his 2005 federal income taxes by pledging not to build houses on a New Jersey golf course he owns, according to public records.
An appraisal conducted for the 2005 transaction determined that Trump National Golf Club in Bedminster, N.J. was worth $49.5 million if it could be split into 33 estates, but just $10.4 million as a golf course. Tax law lets property owners impose permanent conservation restrictions and then claim charitable deductions for the reduction in value. Those restrictions curb what future owners may do with a property.
In 2005, according to the Internal Revenue Service, 2,186 taxpayers claimed so-called conservation easements for a total of $1.8 billion. That means Mr. Trumps $39.1 million would have represented about 2% of all such deductions nationwide that year.
Juliusseizure
(562 posts)ColemanMaskell
(783 posts)The returns are saying he paid about 38 million on an income of 150 million. If he got to subtract 39 million from that, hmm, let me do the math here . . .
Response to NightWatcher (Original post)
Juliusseizure This message was self-deleted by its author.
Beakybird
(3,332 posts)This might be the only year he paid taxes, and he would want to get it out there.
Given that they're old taxes, and if the information is correct that he paid federal taxes, this is probably not a big deal.
uponit7771
(90,335 posts)uponit7771
(90,335 posts)... for Benedict Donald to release.