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(18,486 posts)
Sun Sep 27, 2020, 05:20 PM Sep 2020

Breaking: NYTimes has gotten ahold of Trump's tax returns. [View all]

And they're as bad as we thought.

No wonder he's been fighting so hard

Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance https://nyti.ms/3jmgeBf

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.
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Oh my soothsayer Sep 2020 #1
NY IRS and Federal IRS have had his returns for decades. former9thward Sep 2020 #105
They had his returns from when he filed them. Totally different than the investigative division napi21 Sep 2020 #115
You are wrong on all counts. former9thward Sep 2020 #117
Money laundering. AZ8theist Sep 2020 #186
Let's see a show of hands --- does this surprise ANYONE??? liberalla Sep 2020 #107
Yes, this should surprise and disgust every decent American PNW-Dem Sep 2020 #166
I'm disgusted, but in no way am I surprised liberalla Sep 2020 #179
I heard an NPR interview a couple days ago wnylib Sep 2020 #183
It's been reported that he values the Trump "Brand"... SergeStorms Sep 2020 #190
Hold on a minute. He has done what so many wanted done. He has run the country like his business. jaxexpat Sep 2020 #111
You said it. zentrum Sep 2020 #176
He Should Have Listened To These Words Of Wisdom smb Sep 2020 #161
That oughta piss off cilla4progress Sep 2020 #2
Yep it oughta but who knows with his base. triron Sep 2020 #82
People already know who they are voting for. kacekwl Sep 2020 #138
I'm on Social Security ChazInAz Sep 2020 #110
Me too, Chaz! On social security, and I paid more in taxes than trump did some years. BComplex Sep 2020 #132
And I bet you don't even have a private jet... AZ8theist Sep 2020 #204
A Useful Fact, My Friend The Magistrate Sep 2020 #3
k&r for visibility. n/t Laelth Sep 2020 #4
As Malaise would say... mercuryblues Sep 2020 #5
Surprise NightWatcher Sep 2020 #7
And it's not even October...yet mercuryblues Sep 2020 #15
Close enough wouldn't you say! StClone Sep 2020 #28
With people already voting, this is a good thing! lastlib Sep 2020 #34
With voting already started in many states, Staph Sep 2020 #57
The "September Surprise" is now "a thing"! calimary Sep 2020 #205
I hope you are right k&r nt backtoblue Sep 2020 #9
And Malaise would also say... Poiuyt Sep 2020 #29
Quite so - now lock him up! malaise Sep 2020 #35
All that NYT fake news, the ass will say. Can't wait to hear his demented and lame RKP5637 Sep 2020 #101
He's already saying it. StarryNite Sep 2020 #145
I would hope. triron Sep 2020 #73
+1 MustLoveBeagles Sep 2020 #123
Right before the debate Aviation Pro Sep 2020 #6
My hubby said this w be good for Biden to make fun of the Con on the debate onetexan Sep 2020 #125
I've been praying for his tax information LuvNewcastle Sep 2020 #8
Now if somebody could get a hold of a pee tape. LisaL Sep 2020 #10
I think that will be revmclaren Sep 2020 #31
Great, more yellow journalism . . . Ramsey Barner Sep 2020 #43
Hopefully the media revmclaren Sep 2020 #45
By I. P. Daley .... nt woodsprite Sep 2020 #202
Maybe the stream will go viral... trc Sep 2020 #46
Viral is right! revmclaren Sep 2020 #48
Well done dameatball Sep 2020 #74
Number 1 priority soothsayer Sep 2020 #64
urine trouble now Kali Sep 2020 #118
THAT made me laugh out loud! calimary Sep 2020 #142
A major leak. reACTIONary Sep 2020 #153
This is getting good leighbythesea2 Sep 2020 #175
I'll bet orangecrush Sep 2020 #197
Should have held them for the last week before the election for maximum impact. PTWB Sep 2020 #11
People are already voting. LisaL Sep 2020 #13
Except people are voting now, and this is the first in a series of articles Mike 03 Sep 2020 #16
No Deuxcents Sep 2020 #33
Democrats are more likely to vote early. PTWB Sep 2020 #69
850,000 people have already voted mcar Sep 2020 #121
Most people do vote Election Day. 34% voted early in 2012 and 41% in 2016. PTWB Sep 2020 #126
A bit more info mcar Sep 2020 #127
The more turnout the better. PTWB Sep 2020 #129
Indeed mcar Sep 2020 #130
There may be bigger things coming..... Maraya1969 Sep 2020 #136
That's the hope. PTWB Sep 2020 #137
This election will be a total limp for Mr. Trump...and wonderful election that we will all love to Stuart G Sep 2020 #169
Right wingers hate paying taxes more than anything else. Ohiogal Sep 2020 #12
You're absolutely right. I'm hoping we see money laundering evidence though nattyice Sep 2020 #19
Some will be highly pissed mercuryblues Sep 2020 #30
You underestimate right wingers ability to explain stuff away. Statistical Sep 2020 #51
Or, Mr.Bill Sep 2020 #65
Yep. They brag about the bankruptcies. Demobrat Sep 2020 #68
You're right. For the illegalities, they will wnylib Sep 2020 #184
Just as we suspected. A broke con man MaryMagdaline Sep 2020 #14
Yup StarfishSaver Sep 2020 #18
Why am I not hearing this on tv Demsrule86 Sep 2020 #17
The story just broke. LisaL Sep 2020 #20
I think it's a sign of how huge the story is StarfishSaver Sep 2020 #23
They're covering it on MSNBC right now, CNN too. onetexan Sep 2020 #131
This is going to be fun Mike 03 Sep 2020 #21
I hope they uncover.... SergeStorms Sep 2020 #191
Book Him Danno. Tommymac Sep 2020 #22
And we know none of this matches up with his banking and insurance documents StarfishSaver Sep 2020 #26
Hello October surprise Dukkha Sep 2020 #24
Delicious! BlueWavePsych Sep 2020 #25
He's not worried. Couple of Nuke deals with Saudis, sucking SayItLoud Sep 2020 #27
ByeDon! malaise Sep 2020 #32
Somebody needs to paint him in the same light as Leona Helmsley Poiuyt Sep 2020 #36
From the linked article ... left-of-center2012 Sep 2020 #37
+1 dalton99a Sep 2020 #41
He has a diversion Deuxcents Sep 2020 #38
A diversion That no one cares about. BannonsLiver Sep 2020 #40
See sub-thread above starting at 10. revmclaren Sep 2020 #55
you 1stl, donnie. ihas2stinkyfeet Sep 2020 #91
The traitor is a lifelong con man and a career criminal. dalton99a Sep 2020 #39
Before anyone says his supporters don't care BannonsLiver Sep 2020 #42
Exactly! rufus dog Sep 2020 #44
K & R and JAIL!! 634-5789 Sep 2020 #47
He loses all this money and has to declare bankruptcy, yet pays cash for Scottish property. cayugafalls Sep 2020 #49
Awww ... nothing left for the kiddies FakeNoose Sep 2020 #124
*ding!* Winner. crickets Sep 2020 #155
Isn't this GREAT? THIS is what Americans have been waiting for!...Ya hoooooo...... Illumination Sep 2020 #50
Oh excellent Hip2bSquare Sep 2020 #52
Bottom line BainsBane Sep 2020 #53
And his supporters are suckers COL Mustard Sep 2020 #75
What a great ad kimbutgar Sep 2020 #54
To the Trump voter this shows that he is a great businessman, making millions and paying no taxes. Pepsidog Sep 2020 #56
It's what they aspire to. Mr.Bill Sep 2020 #70
True. Pepsidog Sep 2020 #106
You don't have to be a great businessman to not pay taxes because you're too broke StarfishSaver Sep 2020 #83
My 23 year older son liked Trump, my 3 other adult kids hate him. My neighbor who is a neurosurgeon Pepsidog Sep 2020 #113
The good news is mtnsnake Sep 2020 #171
Let's hope we never hear from them again. They say cult members snap back pretty quickly once they Pepsidog Sep 2020 #174
Sorta like they cheer tax cuts for the rich (literally ALBliberal Sep 2020 #95
This message was self-deleted by its author ALBliberal Sep 2020 #96
With their usual cognitive dissonance treestar Sep 2020 #164
That's a good way to defund the police also JI7 Sep 2020 #194
+1 uponit7771 Sep 2020 #195
Let the fun begin Gothmog Sep 2020 #58
I can see the rage tweets tomorrow. Initech Sep 2020 #93
This message was self-deleted by its author Tom Traubert Sep 2020 #59
Does Malignia know? May be too late to get a "clean" share of the money. Ha-ha on her. NCjack Sep 2020 #60
Jumped-up Eurotrash sex worker Codeine Sep 2020 #88
Looking forward to the Trumpbillies being evicted from the WH. NCjack Sep 2020 #90
So much. So, so much. nt Codeine Sep 2020 #94
So, in short order: Buns_of_Fire Sep 2020 #61
+1000 smirkymonkey Sep 2020 #135
a bloated sack of rancid monkey pus dmr Sep 2020 #159
He made his bed treestar Sep 2020 #165
He owes 421 Million and has 873 Thousand in property he can sell off. NightWatcher Sep 2020 #62
Whoa! ALBliberal Sep 2020 #99
Message auto-removed Name removed Sep 2020 #63
It is bad! eom mfcorey1 Sep 2020 #79
Tax avoidance matt819 Sep 2020 #66
I Would Like To Hire Those Accountants COL Mustard Sep 2020 #67
It doesn't take financial geniuses to reduce your taxes to $1,000 if you lose a BILLION DOLLARS StarfishSaver Sep 2020 #77
I Guess Paying Taxes COL Mustard Sep 2020 #102
BYE,DON fierywoman Sep 2020 #71
I don't believe Trump Tower is his any longer. llmart Sep 2020 #98
You're probably right. fierywoman Sep 2020 #100
There are a lot of "Trump Towers" around the world... reACTIONary Sep 2020 #157
Thanks for the clarification. llmart Sep 2020 #177
Maybe... I think the first... reACTIONary Sep 2020 #180
without his releaseing his returns we can assume its true rdking647 Sep 2020 #72
"Fake Returns!" he cries. "Not true!" he ballows. Buns_of_Fire Sep 2020 #78
Bingo chriscan64 Sep 2020 #134
Too right. He could clear it all up in no time if he wanted to. 😄 crickets Sep 2020 #158
More people who have been protecting Trump are turning on him Dr. Jack Sep 2020 #76
How many millions did the Russians furnish Trump to keep him solvent? triron Sep 2020 #80
Exactly! bluewater Sep 2020 #85
+100 bronxiteforever Sep 2020 #103
I guess taxpayers like us are losers and suckers..... spanone Sep 2020 #84
I just hope it matters. MontanaMama Sep 2020 #86
$750?!?!?!!! AllyCat Sep 2020 #87
I thought Manhattan DA Vance was still trying to get his taxes thru the courts. brush Sep 2020 #89
NYT Isn't saying, other than... reACTIONary Sep 2020 #162
Mary Trump Renaissance Man Sep 2020 #167
We may eventually find out. nt reACTIONary Sep 2020 #168
I'm here for the campaign ads Sympthsical Sep 2020 #92
Please submit that ad idea to the Biden campaign or Linc Project NT Onward AND Upward Sep 2020 #114
Fortunate son alfredo Sep 2020 #97
ReeeeeeLEEEEAAASE the KRACKEN!!! Onward AND Upward Sep 2020 #104
How about a happy dance? FakeNoose Sep 2020 #120
Sorry...Nothing will stop the confirmation. Thunderbeast Sep 2020 #141
Imagine the cash flow from the last 4 years bucolic_frolic Sep 2020 #108
I KNEW they'd be leaked! I knew it, I knew it. Thank you NYT! FakeNoose Sep 2020 #109
I'm just wondering how NYT got them. wnylib Sep 2020 #188
NYT says they have articles coming out over the next few weeks Dr. Jack Sep 2020 #112
impeach, impeach, impeach!!! Sancho Sep 2020 #116
Kudos to NYT mcar Sep 2020 #119
The beauty of this is he can claim that he's paid millions in taxes TexasBushwhacker Sep 2020 #122
Deutsche Bank saved his ass when on one else would lend to him, along with Nitram Sep 2020 #128
But "they" don't care. Jakes Progress Sep 2020 #133
RICO LAW! RICO LAW! PatrickforO Sep 2020 #139
. Squinch Sep 2020 #199
This is the fatal blow. Good job NYT. mainer Sep 2020 #140
Relevant Google Searches Peaceful Protester Sep 2020 #143
Lock him up marieo1 Sep 2020 #144
Back By Popular Demand... homegirl Sep 2020 #146
Red Ink for the Grifter in Chief Roland99 Sep 2020 #147
The near future WestofDenver Sep 2020 #148
I agree and welcome to DU. If the orange one wins again.... Hotler Sep 2020 #206
He's a ponzi scheme and it is moonscape Sep 2020 #149
l one needs to know... sheshe2 Sep 2020 #150
Any word as to how they got them? Sogo Sep 2020 #151
He and most of his children are going to jail once he is out of office and he is desperate. Boogiemack Sep 2020 #152
He's desperate alright. triron Sep 2020 #170
Methinks questions for Tuesday night's debate are being rewritten. StarryNite Sep 2020 #154
And I'm sure Biden's team is working on some new responses ! reACTIONary Sep 2020 #163
I expect lots of this in the next few days: Music Man Sep 2020 #156
THANK YOU, SANTA! no_hypocrisy Sep 2020 #160
thanks hkp11 Sep 2020 #172
This is the kind of thing Rachel was born for ... StarfishSaver Sep 2020 #178
That cracking sound you hear outside is of the fence breaking and landing smack in our yard. mtnsnake Sep 2020 #173
I wanna see that fuckstick go down IN FLAMES Blue Owl Sep 2020 #181
"We'll be OK. I have a stash in Russia that nobody will ever find." Marcuse Sep 2020 #182
Post removed Post removed Sep 2020 #185
Cool gus1985 Sep 2020 #187
BBC Overnight is covering this right now. wnylib Sep 2020 #189
Stormy Daniels for the head of the IRS,as she is far more successful at getting Trump to pay up ! OnDoutside Sep 2020 #192
Eagerly KnR... N_E_1 for Tennis Sep 2020 #193
So I had an Unintended News Break since Fri Eve... electric_blue68 Sep 2020 #196
great! Locrian Sep 2020 #198
The Times said there's more to come StarfishSaver Sep 2020 #201
i hope so.... Locrian Sep 2020 #203
Where's Greenwald and the Putincept on this? Blue_Tires Sep 2020 #200
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