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BDFL - Memuneh
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  # 2232864 8-May-2019 11:45
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Donald Trump lost more than US$ 1 billion between 1985 and 1994.

 

 

By the time his master-of-the-universe memoir “Trump: The Art of the Deal” hit bookstores in 1987, Donald J. Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns.

 

Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.

 

The data — printouts from Mr. Trump’s official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and most detailed look to date at the president’s taxes, information he has kept from public view. Though the information does not cover the tax years at the center of an escalating battle between the Trump administration and Congress, it traces the most tumultuous chapter in a long business career — an era of fevered acquisition and spectacular collapse.

 

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

 

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

 

Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years. It is not known whether the I.R.S. later required changes after audits.

 





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  # 2232892 8-May-2019 12:28
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Mr. Trump appears to have lost more money than nearly any other individual American taxpayer

I called it!


 
 
 
 


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  # 2232984 8-May-2019 13:49
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Trump spent years insinuating then insisting, then even trying to prove that the biographical foundation of Obama’s political career was a hoax. In the end, it was Trump’s own biography that was painfully phony.

 





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  # 2233010 8-May-2019 14:17
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BARR!

Randy Rainbow Song Parody


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  # 2233132 8-May-2019 16:26
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Gotta love Randy!!

 

Very clever production.


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  # 2233219 8-May-2019 19:05
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The New York Times - N.Y. Lawmakers Move Closer to Allowing Release of Trump’s State Tax Returns

 

May 7, 2019

 


ALBANY - As the standoff over President Trump’s federal tax returns deepens in Washington, New York State lawmakers say they intend to advance a bill on Wednesday to allow congressional committees to see Mr. Trump’s New York State returns.

 

State Senator Brad Hoylman, a Manhattan Democrat, confirmed on Tuesday that the State Senate had enough votes to ensure passage of a bill allowing the commissioner of the New York Department of Taxation and Finance to release any state tax return requested by a leader of one of three congressional committees for any “specified and legitimate legislative purpose.”

 

A tax return from New York - the headquarters of the president’s business empire and his home state - could contain much of the same financial information as a federal return, which Mr. Trump has steadfastly refused to release. ...

 





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  # 2233223 8-May-2019 19:20
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freitasm:

 

Donald Trump lost more than US$ 1 billion between 1985 and 1994.

 

 

how can that be? Ain't he the greatest business man in the history of the universe?


 
 
 
 


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  # 2233226 8-May-2019 19:28
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DarthKermit:

 

freitasm:

 

Donald Trump lost more than US$ 1 billion between 1985 and 1994.

 

 

how can that be? Ain't he the greatest business man in the history of the universe?

 

 


Don't forget that US $440 million of that was his father's money.  (Fred Trump died in 1999) 





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  # 2233233 8-May-2019 19:56
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How can he lose $1b and still be out of debtors prison? Who said he was stupid?


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  # 2233238 8-May-2019 20:10
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linw:

 

How can he lose $1b and still be out of debtors prison? Who said he was stupid?

 



 

It's the old "too big to fail" thing.   😕

 






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  # 2233393 8-May-2019 23:14
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freitasm: Donald Trump lost more than US$ 1 billion between 1985 and 1994.

 

LOL. Trump did say he knew a great way to avoid paying tax. Pretty simple, really: Just lose millions every year.





Any fool can make money, but it takes a special person to earn the respect of respectable people.


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  # 2233432 9-May-2019 04:58
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geekIT:

 

freitasm: Donald Trump lost more than US$ 1 billion between 1985 and 1994.

 

LOL. Trump did say he knew a great way to avoid paying tax. Pretty simple, really: Just lose millions every year.

 

 

Trump might be thick, but he hires smart people at times.

 

Maybe on paper he runs at a loss, avoids tax. But, it is possible he was actually making money.

 

If you were in a position to go after him, you might wait for him to not be a president any more and then prosecute him for tax fraud.

 

 


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  # 2233465 9-May-2019 08:38
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The New York Times - Trump Asserts Executive Privilege Over Full Mueller Report

 

May 8, 2019

 


WASHINGTON — President Trump asserted executive privilege on Wednesday in an effort to shield hidden portions of Robert S. Mueller III’s unredacted report and the evidence he collected from Congress.

 

The assertion, Mr. Trump’s first use of the secrecy powers as president, came as the House Judiciary Committee is expected to vote Wednesday morning to recommend the House of Representatives hold Attorney General William P. Barr in contempt of Congress for defying a subpoena for the same material.

 

“This is to advise you that the president has asserted executive privilege over the entirety of the subpoenaed materials,” a Justice Department official, Stephen E. Boyd, wrote Wednesday morning, referencing not only the Mueller report but the underlying evidence that House Democrats are seeking. ...

 



 

 


EDIT - BREAKING NEWS

 

The Washington Post - House panel votes to hold Barr in contempt

 

The move against Barr represented just the second time in history that a sitting attorney general would be held in contempt of Congress; the Republican-led House admonished Attorney General Eric Holder in 2012 over his failure to provide documents to Congress.





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  # 2233476 9-May-2019 09:08
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Nothing to see here. Move along...


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  # 2233504 9-May-2019 10:10
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dwilson: Trump might be thick, but he hires smart people at times.

 

Maybe on paper he runs at a loss, avoids tax. But, it is possible he was actually making money....

 

It that's true, it's hilarious! Think about it:

 

Trump wants everyone to think he's incredibly wealthy, which, of course, also means that he's very smart.

 

Now, official records show that he lost a billion dollars (one thousand million dollars) over a ten-year period. Leading to...

 

Scenario 1) This is true, which means he's dumber than dirt. Or...

 

Scenario 2) He didn't actually make those losses, but can't admit it, because that would make him a felon.

 

LOL!

 

Seems to me the Fake President has a tough call to make.

 

1) He admits the losses were correct (but that it wasn't his fault, his dumb accountants were to blame) or...

 

2) He really is a stable genius, and actually made lots and lotsa dough over the period, and, ok, he'll go to prison for tax fraud, but nyah, nyah, nyah, he's still the best President ever, and his inaugural crowd was the biggest ever and he made the cover of Time and he can grab any woman by the pussy, and (ten thousand more lies) he'll go down in history as the greatest etc etc.

 

 

 

 





Any fool can make money, but it takes a special person to earn the respect of respectable people.


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