Trump the Corporate Income Tax Dodger - New York Times publishes Donald Trump's recent tax returns
BTW, I'm prone to stupid spelling errors myself, so don't feel stupid about that...worry more about your ability to construct logical arguments.
Look, you can call me stupid till the cows come home, it still doesn't change the fact that you are the one making stupid jumps in logic. You assume too much...try questioning the status quo for a change.
Draad
There's a difference between a spelling mistake and using the wrong word which you thought was the right word.
For all intensive purposes it's quite the clanger for old Vrottie.
See what I did there?
So when they acquire earnings they are turned into share price value at a higher multiple than the acquirer paid.....excess share price if you like. This acts to elevate the overall Conglomerate share price.....each acquisition adds a bit more. This creates an impetus to continue acquiring.
Now take the real estate investor....each investment gives them assets to depreciate through the P&L. The more new assets, the bigger the depreciation, the less short term profits and taxes. . There are also other tax incentives available to delay/reduce taxes.
So what’s the incentive the existing tax structure creates for RE companies? To raise more debt to buy more assets...and as a consequence to build up unrealized capital gains.....to avoid taxes, which reduce the ability to make the next acquisition.
You may not like that model, but that’s how the tax system works...in part because investment in property has generally been regarded as a good thing for the nation.
Trump didn’t invent the system, but if ties his hands behind his back in a cut throat business he wouldn’t survive very long. Time to get real.
Assuming Trump has done 100% tax avoidance, rather than fraud. Now that his financials are circulating all over the place, more details will be revealed.
NY Times has said they are running a drip campaign until the election revealing new stuff every few days to keep the soap opera alive.
The IRS also has an open case, so this is not over by any stretch of the imagination. They feel he has not played by the rules in at least one instance.
The Watergate prosecutors weigh in his thoughts.
From the Detroit News:
‘ The president’s net worth has declined $300 million in the past year to $2.7 billion, erasing 10% of his fortune since he took office, according to the Bloomberg Billionaires Index.’
So even if that undoubtedly bogus debt number is right, he still has $2.7 Billion in property value because that’s a net number, and unquantified goodwill. Trump has also lost $300 million in office, the biggest financial sacrifice by a President for his country.
Next?
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