The President’s income taxes.
What does this have to do with the crook in the WH nothing
Lonewolf wrote:
Most corupt administration in history
Nah, we just got rid of that one, this one is repairing all the damage.
Lonewolf wrote:
What does this have to do with the crook in the WH nothing
We got rid if him. We actually have a real American as President now. Where have you been hiding not to know this?
Carol Kelly wrote:
Representative from a Michigan says that every President since 1924 has submitted his Tax Returns, and that the American people want to see Trump’s since he promised.
In the first place, I didn’t know about every president since 1924, but I do know
that Obama had everything under lock and key and that he had two Social Security
cards, one from Conn. where he’d never had residence. In the second place, I feel confident that Trump is ok because the IRS would have gone after him just as everyone else has. Also, the Representative from Michigan said they don’t know what they’re looking for...no crime until they find it...just investigate, investigate, investigate and demand. Perhaps they should simply look at what President Trump has accomplished in little more than two years against all odds (the odds would be the Democrats. Pretty odd don’t you think)and how many campaign promises he’s kept with no help from said oddballs.
Representative from a Michigan says that every Pre... (
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What has he done besides lying through his teeth constantly and overturning all things Obama and cut taxes to the rich and add hugely to the deficit and national debt
Nickolai wrote:
What has he done besides lying through his teeth constantly and overturning all things Obama and cut taxes to the rich and add hugely to the deficit and national debt
I posted a very long list, about 200 fairly major accomplishments, just a couple of weeks ago. Can't find it now, but this kinds sorta covers it:
https://www.promiseskept.com/I know you won't read it or even probably click the link, but others will. I look forward to your predictable reaction.
Carol Kelly wrote:
Where did you get your information? I’d like to know because you’re always so informed and wise.
Trump doesn't do anything unless there is big money involved his lavish life style demands a lot f cash that's why he needed the tv show to generate cash to pay for his huge cost of living. He spent millions suing Scotland for building a windfarm off the coast of Aberdeen Scotland and spoiling the view from his golf course that no body plays on he lost the suit. He tried to force the small homer owners around the course out of their homes by eminate domain and failed. The guy is a looser and he needs money lots of it
Liberty Tree wrote:
I have never paid much attention to Presidents' income taxes. I know they are prepared by professionals and the IRS can respond. When it comes to large amounts of money I do not know what is deductible and what is not. I know they all have a lot of money. I prefer to watch how he does the job as President.
Trump inflates his assets when he needs to borrow money and deflates them at tax time, and when he needs insurance. His net worth is what ever he can get you to believe
Nickolai wrote:
https://www.thedailybeast.com/donald-trump-tax-thief-in-chief
Ha! The Daily Beast Trumpets (pun totally intended) a hit piece from the New York Times. Gee, imagine that. "Masterful". Gimme a break.
Nickolai wrote:
His net worth is what ever he can get you to believe
A little lesson in kindergarten mathematics.
Net worth = Assets - Liabilities.
Take the value of your assets and subtract the value of your liabilities and you arrive at your net worth. I know you've been led to believe that it's all very complicated and convoluted, but that's really all there is to it.
When the asset column is the larger, the net worth is in the positive. When the liabilities are the larger, the net worth is in the negative. According to sources, Donald Trump's net worth is approximately $10 billion. That means that he owns $10 billion more assets than he owes in liabilities. Not just cash in the bank (that would be quite foolish), but actual assets with real value to real people.
The value of an asset is determined by what another person is willing to pay for it on a free market. President Trump is in possession of $10 billion worth of assets that other people are willing to pay him for.
Okay now?
Common_Sense_Matters wrote:
I seriously doubt he is anywhere near broke but I am certain he isn't nearly as wealthy as he likes to claim he is.
http://fortune.com/2015/08/20/donald-trump-index-funds/ Forbes estimates his net worth at 4 billion but he would be worth $13 billion if he had just invested in an S & P index fund . Donald Bren isn't just the richest real estate developer in California he is the richest in the entire country at $16.3 billion. He built his first home in 1957 with $10,000 borrowed from a bank, today he is the sole owner of the Irvine company a 146 year old investment and real estate development company that owns 22 million sq feet of real estate
Nickolai wrote:
https://www.thedailybeast.com/donald-trump-tax-thief-in-chief
Trumps many frauds
Tax returns have a 3 year statute of limitations from the date of filing.
Common_Sense_Matters wrote:
Income creates net worth, without the income you can't increase your net worth. As for Lonewolf's statement that under $500 million income can not make a billionaire, it can, dependent on how far below $500 million and how much he spends per year. If he makes exactly $500 million (after taxes) and goes 2 years without spending any current income (lives off past incomes) he would be a billionaire in 2 years. That said, the tax return I saw leaked of Trump's, he made under $10 million, based on that tax return and assuming that to be about his average income, that would not make a billionaire. What Trump's average yearly income is, is anybody's guess.
Income creates net worth, without the income you c... (
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Trumps over head is probably in the neighborhood of $500 million
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