The Soapbox

Moneyshot

Joined: 10/23/2001 Posts: 4891
Likes: 2476


Trump may well be a tax cheat, but nothing in that “analysis” proves it


One way or another. I’d want to see the math, but it’s not surprising to me in the least, that between depreciation, interest carry, substantial NOL carryforwards, development tax credits etc. that a real estate developer has little to no taxable income...unrealized, imbedded capital gains...now that’s probably a different story.

I lived and/or worked in NYC for 25 years and always subscribed to the NYT...I gave it up a couple of years ago when they took a sharp turn left. If that “bombshell analysis” is indicative of the work being done by their once well-respected business section staff...then it looks like I’m not missing much.

(In response to this post by Seattle .Hoo)

Posted: 09/27/2020 at 7:12PM



+2

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Current Thread:
 
  
NYT with another Trump tax return exclusive -- WahooMatt05 09/27/2020 5:28PM
  I'm just guessing depreciation expense. ** -- psychobilly 09/27/2020 7:14PM
  Delete** -- Seattle .Hoo 09/27/2020 8:20PM
  Well, I am an expert in it. It's my job as a CPA. -- psychobilly 09/27/2020 8:30PM
  Good. ** -- Seattle .Hoo 09/27/2020 8:45PM
  A tax deduction for $70K in hairstyling? ** -- DanTheFan 09/27/2020 7:25PM
  Judging by the results he's getting ripped off. ** -- Seattle .Hoo 09/27/2020 8:12PM
  TLDR: He's both a terrible businessman and a crook. ** -- VAGentleman05 09/27/2020 7:05PM
  Trumpists: This proves he's a smart businessman! ** -- Seattle .Hoo 09/27/2020 6:46PM
  If ah wuz rich ah'd cheat on ma taxes, too! ** -- Seattle .Hoo 09/27/2020 7:06PM
  Lol ... I DJ’d Alan Gartens wedding -- CharlestonSC 09/27/2020 6:33PM
  Was "Money" or "Hotline Bling" on the playlist? ** -- DanTheFan 09/27/2020 6:39PM
  Numbers have a noted liberal bias ** -- Plano Hoo 09/27/2020 6:24PM
  Mario Rubio, 2016: Trump is a con artist. -- DanTheFan 09/27/2020 6:18PM
  They all knew/know. And they don’t care -- WahooMatt05 09/27/2020 6:20PM
  "taxes" ** -- Plano Hoo 09/27/2020 6:13PM
  Yeah, but probably actual taxes, too ** -- Hoo TV 09/27/2020 6:19PM
  You are correct. -- Plano Hoo 09/27/2020 7:01PM
  Who says he isn’t both lying and cheating? ** -- WahooMatt05 09/27/2020 6:08PM
  I think my big question would be... -- tchoo 09/27/2020 6:08PM
  That's your big question? Wow...desperate. ** -- hoothat 09/27/2020 6:17PM
  That’s your post? Wow .... desperate ** -- DTsBicep 09/27/2020 9:57PM
  Right -- tchoo 09/27/2020 6:12PM
  Not surprising, but his cult will rationalize it somehow. ** -- hokie in cville 09/27/2020 5:57PM
  He probably paid it from his foundation too. Ha ** -- hooshouse 09/27/2020 5:50PM
  King of Debt ** -- hooshouse 09/27/2020 5:35PM
  Harry Reid was probably the source ** -- HokieDan95 09/27/2020 5:33PM
  All you got Francis? ** -- HiwasseeHoo 09/27/2020 6:13PM

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