There is a whole lot here folks so I can only provide the initial reporting at this time.
The highlights courtesy of NYT:
Among the key findings of The Times’s investigation:
Mr. Trump paid no federal income taxes in 11 of 18 years that The Times examined. In 2017, after he became president, his tax bill was only $750.
He has reduced his tax bill with questionable measures, including a $72.9 million tax refund that is the subject of an audit by the Internal Revenue Service.
Many of his signature businesses, including his golf courses, report losing large amounts of money — losses that have helped him to lower his taxes.
The financial pressure on him is increasing as hundreds of millions of dollars in loans he personally guaranteed are soon coming due.
Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television.
Ivanka Trump, while working as an employee of the Trump Organization, appears to have received “consulting fees” that also helped reduce the family’s tax bill.
As president, he has received more money from foreign sources and U.S. interest groups than previously known. The records do not reveal any previously unreported connections to Russia.
It is important to remember that the returns are not an unvarnished look at Mr. Trump’s business activity. They are instead his own portrayal of his companies, compiled for the I.R.S. But they do offer the most detailed picture yet available.
So Trump has paid virtually no income tax in the last 18 years and somehow finagled a 72.9 million dollar tax refund that was so sketchy that he has been under an IRS audit ever since.
We also hear, and not for the first time, that essentially all of the Trump’s businesses are constantly losing money which helps him to avoid taxes, and that hundreds of millions in loans are coming due which has no way of paying.
There is also this from NYT as well:
The tax data examined by The Times provides a road map of revelations, from write-offs for the cost of a criminal defense lawyer and a mansion used as a family retreat to a full accounting of the millions of dollars the president received from the 2013 Miss Universe pageant in Moscow.
Together with related financial documents and legal filings, the records offer the most detailed look yet inside the president’s business empire. They reveal the hollowness, but also the wizardry, behind the self-made-billionaire image — honed through his star turn on “The Apprentice” — that helped propel him to the White House and that still undergirds the loyalty of many in his base.
Ultimately, Mr. Trump has been more successful in playing a business mogul than being one in real life.
“The Apprentice,” along with the licensing and endorsement deals that flowed from his expanding celebrity, brought Mr. Trump a total of $427.4 million, The Times’s analysis of the records found. He invested much of that in a collection of businesses, mostly golf courses, that in the years since have steadily devoured cash — much as the money he secretly received from his father financed a spree of quixotic overspending that led to his collapse in the early 1990s.
It would appear that Trump is once again on the verge of bankruptcy and he is currently using the government to funnel money into his businesses to keep them afloat.
Now we know why he keeps insisting that he visit his own golf courses so often and then jacks up the fees he charges the Secret Service whose job it is to protect him.
Trump was actually asked about this today and this was his answer courtesy of TPM:
“That is totally fake news, made-up, fake, we will do the same stories you can ask me the same question four years ago I had to litigate this and talk about it,” Trump said.
The President went on to ramble about how he’s been under IRS audit for “a long time.”
“The IRS does not treat me well, they treat me like the tea party and they never treat me well, they treat me very badly,” Trump said.
The problem with that “fake news” argument is that all of this is backed up by his own tax returns.
The Times and other news outlets are saying that there is much more to come, and I for one can hardly wait to read it.
YES! the orange asshole who cost my job and home is losing his!! this is perfect timing.
When you pay more for sex than you pay in taxes you are not a patriot.
He is under no obligation not to release taxes while they are being audited, that has been clear ever since he refused to release his criminal enterprise records.
You loaded up on icing and missed the cake.
Large businesses are always under audit. It’s an ongoing rolling audit. It is part of what is done. So no. His was just an excuse.
That is a bunch of malarkey, there is no IRS law about releasing tax return while under audit.
Bullshit
The Tea Party?! Seriously? Who got you here, and we aren’t taking Boston. 1773.
My GOD is he a loon.
An October surprise a bit early. That’s because voting has already started, and folks on the fence deserve to know about this.
Trickle, trickle a bit every week about details.
NOW if the mainstream will actually report it, which they will NOT, and his supporters will still not give a shit.
As I read the NYTimes article, it is not that his tax returns have been released — for any and all who are interested to read and report on. Rather, it is that through hard work and sleuthing, and contacts, the NYTimes got hold of all sorts of records, returns, reports, etc for Trump and Trump businesses which they have reviewed, analyzed, etc. and this is what they found. And, Trump is claiming that all the work done by the NYTimes is fake. So, what else is new?
Wish the tax returns actually were released so we would have multiple analyses of the contents to inform us. But, this area has been a specialty for the NYTimes for a long time so it is a great start and I hope it does a lot of good. Trump’s goal seems to be never to pay any income tax, and if he has to loose millions in his businesses so he can avoid paying income tax, well, that’s is OK. No one with that goal should ever be allowed near the taxes paid by the rest of the American citizens so he can loot those taxes for personal use. Hopefully it can help us get rid of him and then get him in prison for years to come. What is needed to do that must be in all this data — Hopefully!
Fine by me. Dance, donald, DANCE.
Hudson – it appears that these documents are accounting records, which are used to fill out the tax returns.
Possession of the actual returns constitute a felony.
Remember, his actual returns are still being “audited”???
This is why his lawyers are fighting their release to the SDNY.
I’m sure we will all enjoy watching fat donald melt down in real time; it might be his excuse to bail out of Tuesday night’s
debate, or he may need to take another unexpected “emergency phone call”…..
Bush didn’t even take an emergency call after being notified on 9/11 of WTC.
He just kept reading to the little kids.
Hopefully Biden is prepared to pivot to the Trump U settlement of 25 million, Eric Trump subpoenaed about business practices, Trump charity shut down for illegal practices forbidding Ivanka, Donald, Jr. from ever having a charity again, the porn star, Playboy bunny paid off and 26 women accused him of sexual assault and two accusing rape.
Biden can respond that in light of “X” (above,) you may want to think twice before going down that road with ME as Trump alleges pedophilia, Hunter Biden gas company position (Kimberly Guilfoyle $180K position).. or simply call Trump out that he is a pig and state I am not mud wrestling with you. Talk policy, America is tired of you smearing people.
Lipstick on a pig, $arah Palin style.
Ugh. She’s a terrible person. Santa knows she’s been doing drugs all year.
Play your cards right, Biden!
Criminal is threatening suicide
https://www.local10.com/news/local/2020/09/28/former-trump-campaign-manager-brad-pascale-armed-barricades-self-in-fl-home-police-called/
So, off yourself!, BRAD. Sympathy is in the dictionary between shit and syphilis.
Oh boo hoo, another evil coward, probable got word the trump campaign wants the money back that he swindled.
the RNC is claiming this is all those meanie Democrats fault and donnie jr said his daddy’s tax fraud is all Hunter Biden’s fault
BREAKING: Donald Trump’s former campaign manager Brad Parscale ‘barricades himself in his Florida home armed with a gun and threatening to harm himself’ while ‘facing arrest for stealing campaign funds’
https://www.dailymail.co.uk/news/article-8779507/Donald-Trumps-former-campaign-manager-Brad-Parscale-barricades-home-gun.html
No knock warrant?
Asking for a friend.
https://www.rawstory.com/2020/09/trump-campaign-manager-brad-parscale-hospitalized-after-barricading-himself-in-home-with-guns-and-threatening-self-harm/
Fort Lauderdale Police Chief Karen Dietrich told the South Florida Sun-Sentinel that the encounter at Parscale’s home was brief.
“Politics aside, this fellow obviously suffers from emotional distress,” said Trantalis. “I’m glad he didn’t do any harm to himself or others I commend our SWAT team for being able to negotiate a peaceful ending to this.”
Lucky Parscale is white.
suffers from emotional distress
====================
cry me a river, boo hoo hoo.
he wasn’t under any emotional distress when he was helping himself to the money to buy condos, cars and yachts, Didn’t see any distress when he was smearing and lying about Hillary and Biden.
Must be because the coward go caught.
How many indictments is this for trump associates? and he only hires the best 🙂
Maybe the emperor will finally have some clothes now. A jumpsuit in his favorite color.
https://www.rawstory.com/2020/09/trump-biographer-explains-why-there-was-no-mention-of-russia-or-michael-cohen-in-trump-tax-bombshell/
https://www.rawstory.com/2020/09/biden-campaign-issues-hilarious-smackdown-on-trumps-demand-for-debate-test/
Well isn’t that nice
======================
” Trump paid more in taxes to other countries like India, the Philippines, Panama, and other locations than the United States. “
But his campaign explained that they’ll be employing a different tactic to win the debate instead of a drug test.
Joe Biden “intends to deliver his debate answers in words. If the president thinks his best case is made in urine, he can have at it,” the campaign said in a statement. “We’d expect nothing less from Donald Trump, who pissed away the chance to protect the lives of 200K Americans when he didn’t make a plan to stop COVID-19.”
Don’t forget this is all “China’s fault”.
EVANGELICALS AND THE BASE ARE SO FUCKING STUPID. ANYONE THAT VOTES FOR HIM IS A MURDERER.
https://www.politicususa.com/2020/09/27/ivanka-trump-tax-fraud.html
Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father’s business.
Fake consulting deals with members of a company that is also managing the same project are a big red flag to the IRS. Trump hid income by listing his own daughter a consultant on projects that she was managing. In other words, Ivanka Trump and her father were cheating the United States government, and the American people to hide income and avoid paying taxes.
Did he write off Sarahs plane ticket when she and Duck Dynasty visited him in The Oval? Or what about Willow and Ricky’s engagement? Was that a write off too?
Yup. He fucked up bringing them to visit. It gave an answer to a question. Someone wants their money back. All of it. Now. 😘
In 2017, after he became president, his tax bill was only $750.
==========================
I think my tax bill was higher. I am presuming he is not declaring all the taxpayer dollars that he swindled as income.
Also I am sure he is doing business with foreign countries under some bogus daisy chain of paper companies, he is a crook after all.
How much did melanomia make in royalties from her porn photos that she posed for while working illegally?
The Russians will offer to bail him out for more of America’s soul. Don the con, when backed into a corner will turn on anyone. We shall see. And this is the asshole that people who call themselves true Americans have sold their souls too? What a mess!
This is just his personal taxes, what about trump organization, bet that is where the majority of the crimes are committed.
Is eric going to lock himself in a closet and claim emotional distress to get out of his deposition?
I must say, the $70K for the hairstylist was a big rip off 🙂 he might try discount cuts next time
The tax returns reveal that he wrote off close to $100,00 for “hairstyling”. Damn!!! Look at his hair . . . my cat has coughed up better looking hairballs than that rag.
Meanwhile, note that the Times article does not reveal Trump’s financial ties to Russia and DeutscheBank — because — the Times has his PERSONAL tax returns. The Russia and DB connections are in his business returns.
His base is a bloody embarrassment.
I thought I read he does his own hair because he doesn’t trust anyone else with the secret of the magic combover.
I”m waiting for the IRS and Deutchebank records to show that he stated different values for his property, depending on whether he was paying taxes on them or using them for collateral for loans.
Meanwhile I am going to enjoy the reports of Eric’s testimony in New York. No matter what he says, he is going to come off the doofus of the family.
Can’t wait for SNL to return.
Joint return with third wife.
I don’t think “hairstyling” is even a legal deduction, heck you can only take a certain percentage for uniforms and only if it is something that can’t be worn elsewhere, ie with logo.
did he also deducted orange makeup and what about melaomia’s plastic surgery, that must be a big deduction.
the Lincoln Project is going to have a field day coming up with an ad for this one. Biden ‘s campaign already has one out.
https://this.kiji.is/683391420212773985?c=592622757532812385
LOl, gosh donnie have you ever thought they keep auditing you because you are a TAX FRAUD, TAX EVADER.
Why is he whining it is fake news, when he was bragging in the 2016 debates that he pays NO taxes.
Not only is he a tax evader, but he is taking a salary from the US taxpayers for playing golf and watching tv.
I must say, that picture is sooooo unflattering!!!!
Talk about be careful what you ask for; I know donnie wishes he never heard of the WH. I know he longs for the days he was back in NY, BS ing and scamming people. This is soooo rich!!! ROFLMAO
https://www.rawstory.com/2020/09/the-biggest-loser-morning-joe-brutally-piles-on-trump-over-his-embarrassing-tax-return-release/
“The numbers actually show that through a large part of his business career, he lost more money than any other American citizen,”
“I think when the history books are written, it will show that nobody has lost more money in American business over the past 20 years consistently than Donald Trump,”
https://www.rawstory.com/2020/09/trumps-staggering-debt-helps-explain-why-hes-kowtowing-to-putin-msnbcs-morning-joe/
” So this entire picture, the president is moving himself, as a business man, in towards a very vulnerable place where his own IRS could come calling for a lot of money that he may not have.” – “Scarborough said that could explain the president’s apparent subservience to the Russian president.
“That’s obviously what a lot of people have been investigating through the years, is he perhaps as kind as he is to Vladimir Putin, as deferential to Vladimir Putin, kowtowing in the presence of Vladimir Putin in Helsinki,” Scarborough said, turning to Associated Press reporter Jonathan Lemire. “You asked him, and he bowed and scraped in front of Vladimir Putin, why is he acting the way he is towards Turkey, the Philippines. We’re seeing now he’s getting more money from countries like Turkey and the Philippines than he is from the American people in his salary. But you’ve been looking at this for years, studying it for your years — what’s your takeaway from the reporting you read over the last 24 hours?””
Kow*Towing=lick·spit·tle
Toad*Y tRUMP
https://www.rawstory.com/2020/09/trump-is-ing-the-very-foundation-of-our-electoral-system-according-to-a-former-florida-supreme-court-chief-justice/
That Trump is a serious tax cheat is no surprise to my readers. Four years ago, I revealed that Trump lost two income tax fraud trials. He fabricated a consulting business in 1984. It showed no revenue, yet Trump claimed more than $600,000 in deductions. He could not produce a single receipt.
Trump forged the tax return…What Trump did learn long ago from his mentor and “second father,” the notoriously corrupt lawyer Roy Cohn, was to lie, cheat, steal and never ever apologize or concede any fact. Just tie the authorities up for years and make them pour their limited resources into a case so they will give up and cry uncle – that’s the Roy Cohn way…We are chumps.
https://www.rawstory.com/2020/09/chumps-trumps-pride-in-not-paying-taxes-shows-what-he-really-thinks-of-the-american-people/
pazz’o’z
https://www.rawstory.com/2020/09/that-makes-him-a-mark-trump-biographer-reveals-presidents-debt-far-worse-than-421-million/
Dan Alexander, a senior editor at Forbes, estimates the president owes about $1.1 billion,
“The president of the United States is in it only for himself, and he’s laughing all the way to the bank. And he’s laughing at you, too.”
https://twitter.com/DanAlexander21/status/1310342791336284160?s=20
https://www.politicususa.com/2020/09/28/trump-tries-to-distract-from-nyt-tax-story-by-once-again-lying-about-mail-in-voting.html
tinydjt tweets>The Ballots being returned to States cannot be accurately counted. Many things are already going very wrong!
The Fake News Media, just like Election time 2016, is bringing up my Taxes & all sorts of other nonsense with illegally obtained information & only bad intent. I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits…..
https://www.politicususa.com/2020/09/28/trump-responds-to-nyt-tax-story-and-fake-news-media-in-string-of-tweets.html
https://www.politicususa.com/2020/09/28/donald-trump-jr-tax-fraud.html
Trump Jr. said on Fox and Friends, “If only they spent as much time looking for oh, I don’t know, Hunter Biden’s tax returns, and the Biden crime family issues, where Hunter is taking money from a known associate of Vladamir Putin. 3.5 million dollars. Money that’s linked to human trafficking and prostitution rings in Eastern Europe. Brian, imagine I did that, imagine I did that.”
The Trumps are not going to be able to blame the fact that they are mired in hundreds of millions of dollars in debt and have been evading taxes for decades.
Pure and simple projection from a pure and simple simpleton.
https://time.com/5513051/roger-stone-richard-nixon-donald-trump/
Someone should make a meme, mouthing/morphing into trump “I AM NOT A CROOK” off of stones back tattoo.
https://www.rawstory.com/2020/09/swindler-here-are-5-reasons-why-trumps-taxes-will-actually-matter-in-2020/
It matters that we have yet more evidence that the President of the United States is crooked. It’s important that the American people know the truth even if it doesn’t swing a single vote.
https://www.rawstory.com/2020/09/hes-screwed-ex-fbi-agent-says-trump-is-invoking-the-5th-amendment-by-not-releasing-his-taxes/
https://www.politicususa.com/2020/09/28/trump-reporters-tax-returns.html
Melania finding out she brought a pig-in-a-poke; trump kids finding they will inherit little more than the surname of a traitor. Boy; would I love to hear the discussion in that family room.