Trump’s tax records

There’s been a claimed leak of Donald Trump’s tax records, but they are from 1995 don’t appear to reveal what tax if any he has paid since then, just that he was exempt paying some tax for 18 years.

New York Times: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades

Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.

The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.

Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.

That’s ‘could have avoided paying tax’ – without seeing his tax records since then it is not possible to know if he has avoided paying tax  since then.

Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years.

So this doesn’t seem to be a huge revelation, but it puts Trump and his refusal to reveal his tax records in the spotlight. He is the first candidate since Richard Nixon to not reveal his records.

Trump’s response:

ctupfmkuiaaqxms

 

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55 Comments

  1. Kitty Catkin

     /  2nd October 2016

    Hey, good-lookin’.
    What you got cookin’ ?
    Trump’s account books and his tax, I see.

    Reply
  2. duperez

     /  2nd October 2016

    He said he’s going to reveal his tax records so he will. Won’t he?

    Reply
    • Gezza

       /  2nd October 2016

      Maybe, maybe not. He doesn’t always mean what he says, and the MSM sometimes reports what he ssys, on video, falsely. Apparently.

      Reply
      • Kitty Catkin

         /  3rd October 2016

        He’s a billionaire, making a fortune.

        He has been making a loss for about 20 years.

        Those two seem to cancel each other out. I wouldn’t not be at all surprised if the Trumpet blowing was followed by what happened at Jericho.

        In the UK, trump is an old-fashioned word for a fart-and let’s not forget that trumpery means worthless and to trump something up means to invent it. The word trump is devised from an old word for a mountebank. There is one positive meaning for trump among the negative ones.

        Reply
        • Gezza

           /  3rd October 2016

          If you’re interested, when he talks about him in English, the previous President of Mexico calls him Tromp, but I think it’s just an accent thing. I haven’t looked up whether tromp has any meaning in the English Dictionary though.

          Reply
        • patupaiarehe

           /  3rd October 2016

          In the UK, trump is an old-fashioned word for a fart-and let’s not forget that trumpery means worthless and to trump something up means to invent it.

          I’m feeling creative today, I might just ‘fart someting up’… 😀

          Reply
          • Kitty Catkin

             /  4th October 2016

            (laughing too much to answer this)

            Reply
            • Kitty Catkin

               /  4th October 2016

              In American, to tromp is to walk noisily, clumsily and heavily, thumping around.

            • Kitty Catkin

               /  4th October 2016

              Of course, the Mexican president didn’t know this. :-/

            • Kitty Catkin

               /  4th October 2016

              The Spanish pronunciation of ‘u’ is similar to our ‘oo’ as in book, so, if it’s the same in Mexico, Trump would be something like ‘Troomp’.

              Don’t blame me for the American word ‘tromp’, I didn’t invent it or impose it on them. Why downvote a statement of fact ? Look it up if you don’t believe me that to tromp is to be leadfooted.

            • Gezza

               /  4th October 2016

              Nope. I know that. He definitely called him Tromp.

            • Kitty Catkin

               /  4th October 2016

              I can well imagine that. What’s hard to imagine is why someone bothered to downvote my comments, they must have little to do and think about.

            • Gezza

               /  4th October 2016

              Don’t worry about it. Just some obsessive *mass debater* on the loose. You’re not the only target.

            • Kitty Catkin

               /  4th October 2016

              Mass debater ??? (looks innocent)

            • Gezza

               /  4th October 2016

              🙄

            • patupaiarehe

               /  4th October 2016

              Wear those downticks like a badge of honour Kitty. They mean you have annoyed someone who is too stupid/lazy/gutless to comment, and individuals like that deserve to be annoyed 😛

  3. David

     /  3rd October 2016

    Trumps comments about the media is spot on, no balance at all and yet the polling is still very close.

    Reply
  4. Zedd

     /  3rd October 2016

    did you see the latest comments from Drumpf about Hillary ?

    talk about slithering in the gutter ! 😦

    Reply
    • Gezza

       /  3rd October 2016

      Yes, but, to be fair, if you visit Hillary’s Twitter page, which I did for several minutes last night, you see much the same sort of thing in tweets from her. Both of them are crappy candidates.

      Reply
      • Kitty Catkin

         /  4th October 2016

        What about his hurr-hurr-hurr-hurr, nudge-nudge comments about the case of the teacher being accused (convicted ?) of statutory rape because she sexually abused a 14 year old boy ? No understanding of or sympathy for the psychological damage done to the boy, just inappropriate sexual remarks about both him and the teacher. I wonder if he’d react that way if it had been his son-or daughter.

        Reply
        • Kitty Catkin

           /  4th October 2016

          Someone other than Trump thinks that child sex abuse is all right if it’s a boy, it seems.

          Reply
        • I still can recall the young teacher in the Homecraft area whose nickname was Plums. As a 14 year old young male, if I had the opportunity to engage with her, I don’t think for a moment that I would have rejected the opportunity. It is bullshit to say a 14 year old male is unable to engage in consensual sex, its a false generalisation you make. Morality has nothing to do with it, its in the genes (jeans?).

          Reply
          • Kitty Catkin

             /  5th October 2016

            The law says that there is an arbitrary age of consent and that anyone who has sex with an underage partner is committing a crime. The young teenager is not mature enough to have a relationship with someone so much older. It’s not my say-so, it’s the law that says that people who have sex with underage minors are sex abusers. Would you say that it was all right if your daughter had been in a relationship with an adult male teacher when she was 14 ?

            Reply
            • Alan Wilkinson

               /  5th October 2016

              I suspect most, if not all, of the psychological damage is caused by the reactions of others to what happened as well as to the secrecy and deceit necessarily involved.

              Other generations and cultures married off our “underage minors” for centuries.

            • Kitty Catkin

               /  5th October 2016

              We don’t live in those eras. It’s an abuse of power, and it’s illegal. I don’t believe that the damage is caused by those things, ask anyone who’s been in a relationship with an adult when they were a child.

              Men and women who do this are paedophiles, regardless of whether the child consents.

            • Alan Wilkinson

               /  5th October 2016

              I don’t agree that it is as black and white as you think or say. Certainly 14 is at the lowest end of the scale but from there to 18 is a continuum, not an arbitrary clean/dirty point. And where the “adult” is just a few years older, emotional and intellectual maturity counts. Different people do have different reactions to experiences. The UK has the insane situation where young people sexting pictures of themselves to each other can be charged and convicted as a sex offender. Laws like that are destructively stupid and will destroy lives rather than protect them.

              Some people fall in love and stay that way, others don’t. I try to judge each case on its merits and not to prejudge.

            • Kitty Catkin

               /  6th October 2016

              Underage teenagers have played doctors and nurses since time immemorial, and is a different issue, but adult-underage child sex is abhorrent. The sort of adult who would fall in love with a 12 or 13 year old must be very immature.

              The law does prejudge by saying that it’s a crime for adults to have sex with minors, and anyone who does so does it knowing this. Where does one draw the line ? Adults ‘in love with’ children who aren’t teenagers as the organisation (the name escapes me, but you will know the one I mean) promoting man/boy love ? Bert Potter having sex with children ? If Graham Capill had used being in love as an excuse to penetrate a girl of 11 with his finger, should that have been enough to not send him to prison ?

              It’s hard to believe that a man or woman who’s in their 30s or 40s is ‘in love’ with someone who’s still legally a child. Should they be allowed to marry if they claim to be in love ? Have you ever known anyone who’s had a child when she was in her early teens ? I have-and seen the effect that it had on them (I have known two)

              These laws were made to protect young people from sexually predatory adults.

            • Alan Wilkinson

               /  6th October 2016
      • Pete Kane

         /  4th October 2016

        Reply
    • Corky

       /  5th October 2016

      I see the NY TImes didn’t pay tax for one year. They wouldn’t print hacked e-mails on the climate change scam, claiming it was morally wrong. Yet these Left-wing toe rags publish Trumps tax records.

      Reply
      • Gezza

         /  5th October 2016

        Jeez Corky. It’s the USA media, big business, & politics 2016 you’re talking about. Not 1946.
        Toe rags here, toe rags there, toe rags everywhere.

        Reply
  5. Alan Wilkinson

     /  3rd October 2016

    So did the tax records leak out of the IRS or his accountant? If the former, who is accountable? The Obama administration?

    Reply
    • Kitty Catkin

       /  4th October 2016

      If it’s the IRS and the person is found, I wouldn’t like to be them.

      Reply
      • Alan Wilkinson

         /  5th October 2016

        Considering the Republicans are trying to sack the IRS Commissioner for previous political interference I suspect the whole department is highly political and no successful identification of the culprit will be permitted.

        Reply
  6. Klik Bate

     /  3rd October 2016

    When it comes to legal tax avoidance, even ‘The Donald’ admitted he was smart……in fact, the man’s a bloody genius!!

    Reply
  7. The noise from both ends of the political spectrum in the USA is so intense I can’t for the life of me figure out who will be President in 2017, It’s not long now and we will hopefully get some real news coverage from our MSM – I am not hopeful. They have acted like a continuity of the Left wing media in the USA, mainly because they do not have the intellectual capacity to overcome the prejudices they have been indoctrinated with since Journalism School. Hollywood seems to have a huge influence over the electoral process, What is going on at Wikileaks? Are they going to deliver the Clinton coup d’gras as promised earlier, or have they sold their soul to Russia? How big is the new North Korean submarine, and will it be nuclear powered courtesy of Putin? Will China reject Western pressures and continue support for Korea’s nuclear bomb and missile development as a payback for the High Altitude Anti Missile Defence system being deployed by the USA in South Korea. Why did Defence and Security not get on the page in the list of things NZers are concerned about? Why is there a Chinese Spy Ship docked in Auckland?

    Reply
    • Kitty Catkin

       /  4th October 2016

      How do you know it’s one ? Spy ships are surely not obvious and with ‘SPY SHIP’ in big letters on the side. I would think that it’s highly unlikely that this is one.

      Reply
      • KC, like JC, I am able to look at a vessel that has not just one ,but three dishes and a range of HF, MF, and VHF antenna arrays and conclude the purpose of the vessel. Besides, you can always look up “Janes” and see for yourself. I really thought you were a tad more aware?

        Reply
        • Gezza

           /  4th October 2016

          Got a name for the vessel concerned or link to a pic?

          Reply
          • Hey Gezza, I’m not here to do your home work. Try Google.

            Reply
            • Gezza

               /  4th October 2016

              How rude. Why not just say “sorry, don’t know how to do that” in future?

          • Klik Bate

             /  4th October 2016

            We can see her docked over at Devonport, Gezza – ‘YUAN WANG’

            Reply
            • Gezza

               /  4th October 2016

              Don’t those Chinese characters @ the bottom the pic say “rain catching ship. no spy ship” ? 🤓

        • Kitty Catkin

           /  4th October 2016

          No, I don’t claim to be, but I would have thought that a spy ship spying on the country it’s visiting wouldn’t make it so obvious, as that would be like someone walking along the street wearing a yellow and black jersey, a flat cap and an eyemask, and carrying a sack with SWAG written on it.

          Wouldn’t it want to look like something that wasn’t a spy ship ?

          Reply
  8. Gezza

     /  4th October 2016

    And that article probably answers your question above:

    “Part of the reason that it’s not problematic is that the United States, as well as other Western nations, also have signals collection ships in the South Pacific,” he said.

    “Our signals people listen in to them listening to us, that’s the way the game is played. There’s no compelling reason to prohibit them from coming in.”

    With more detail about US listening ships inside.

    Reply
  9. Actually Gezza, believe it or not, my message about not doing your homework was actually aimed at others who read something, publish on it and don’t check their facts. I know you do so.

    Reply

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