Politics
Politics
Out of context: Reply #20879
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Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades
http://www.nytimes.com/2016/10/0…
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.
- https://www.instagra…ernexbcn
- Hillary's tax records are available. The weapons she sold ISIS would most likely be tax deductible as supplies or equipment for her business.omg
- Trust a country with a guy who lost $1 billion2002
- He lost a billion dollars that year because he's the best at making deals.nb
- I don't think there's anything wrong with losing money in your own business. Apple for example loses billions all the time. You learn from these experiences.omg
- I didnt know apple lost billions all time. Who knew, most valuable company in the world losing billions all the time.2002
- "You learn from these experiences." - what he learned: he made a casino corp and sold stocks, took $45m and investors lost everything $35 to 17 cents2002
- omgs trump boner is ragingmoldero
- ^ art of the come back - sell worthless shares to recoup your money2002
- That's my point. Apple is the most valuable company, and yet it loses billions all the time. $31b in 2 days, $40b, $60b, $220b in Ireland.omg
- what are you talking about? if apple lost that much, it wouldnt be a company anymore2002
- wait are you talking about market cap? do you know the difference between losing market cap vs actual cash?2002
- trump physically lost $1 billion. Declared bankruptcy. Banks bailed him out. He made money back by selling worthless stocks.2002
- He owes more money than he is worth.2002
- omg = someone who doesnt understand market cap supporting trump because he is a financial genius2002
- Donald Trump's four bankruptcies
1991, 1992, 2004, 2009
http://www.politifac…2002 - i don't think it matters, everything a company owns including stocks are lumped into one sum of assets.omg
- Apple bankruptcy = 02002
- Also those business deals, are only concerned by the owners and shareholders. I'm wondering why you would care, as it doesn't affect you personally.omg
- There are winners and losers everywhere. Trump can lose in one area, make it up somewhere else. If a business goes sour, you close it. big dealomg
- Nope thats not how public stocks work vs private ownership. Assets are not lumped in to one. Clearly you have zero understanding of how things work.2002
- Trump lost his inheritance. He lost money from banks. His assets were private. Created bad business. They didnt make money. They failed.2002
- Apple was about to declare bankruptcy back in 1997, 90 days away from being insolvent. They were very fortunate that Steve Jobs turned out to be a good leader.omg
- why do you care personally if he sucked or didnt suck at business?
His track record shows he is failure.2002 - Those details don't matter. Again, I'm wondering why you would care, as it doesn't affect you personally.omg
- Almost bankrupt is different from being bankrupt. Its like say, i almost busted a nut vs busting a nut.2002
- You don't measure success through money is the point.omg
- Bankrupt four times. Yeah good leader. Lets bankrupt USA because its good for USA.2002
- "You don't measure success through money is the point." - yes experience does. Like secretary of state, and a senator.2002
- If we want someone who is really good at bankruptcy, we should hire trump.2002
- Steve Jobs lost millions with Next and was given Apple back when it was at bankruptcy. If you measure success that way, you would not have seen Steve Jobs.omg
- I would also disagree that experience is a good hiring tool for a president or any employee for a company.omg
- Apple bought Next. Apple didnt go in to bankruptcy. Steve was not given Apple. He was hired by Apple.2002
- Apple purchased NeXT in 1997 for $429 million and 1.5 million shares of Apple stock2002
- "disagree that experience is a good hiring tool" - OK2002
- How do you know if someone is successful when they havent done anything.2002
- This is same as giving Obama the Nobel prize. What did he do again to get the Peace Prize?2002
- Apple didn't go into bankruptcy. Steve allowed Apple to have him as an iCEO at the time. The board gave him full power of Apple.omg
- So here's a guy, with a company about to go bankrupt, having to sell his company Next which was also about to go bankrupt. Point is, would you hire Steve Jobs?omg
- Nope.2002
- Apple needed a new OS and bought Next.2002
- Hired Steve as a consultant.2002
- "Point is, would you hire Steve Jobs?" - Yes because he actually built a company from scratch and not from inheritance.2002
- Most corporations in the past hired people based on experience because they didn't want change in their system. That led to failure.omg
- Hire him as a consultant and see how he does. Maybe give him full time if he does well.2002
- He has 20 years of experience in building companies from scratch and investing such as Pixar which he sold for billions.2002
- I say thats a good experience in my book.2002
- you know, i maybe wrong but i believe people are still hired based on their experiences which shows their success.2002
- Instead smart companies looking to evolve hired people with no experience, because they offered new perspective.omg
- I am successful.
How are you successful.
I just am.
What have you done.2002 - Successful things.
What is your experience.
No experience.2002 - How are you successful when you havent done anything?
I just am successful.2002 - OK!2002
- Otherwise, you might as well favor dictatorship as you'll end up with a president with 30 years experience.omg
- Which smart companies are hiring random people off the street to get new perspective?2002
- It's why they'll hire kids straight from schools without any working experience. Companies like NASA, SpaceX, Apple, Google, Microsoft.omg
- Most of those kids are drowning in student debts which is like being bankrupt. But I guarantee you, those are the folks you want on your company.omg
- That's why I do not think you should judge a person based on experience, or the amount they lost (or won) towards building a great country.omg
- "You don't measure success through money is the point." Trump does. It also matters he is a failure because he regularly lies about how he's only successful.monospaced
- I dunno. I don't concern myself with those things. I don't know why he does. Probably because he is used to maintain a diplomacy with shareholders .omg
- There are probably a 100 different better business people that could make a better president, but they're not interested in being a president or have cashflow.omg
- Also he's not good with spin.omg
- and developing a plan people can follow.omg
- Nice tax strategy. lol @ people just hating on tax breaks. Real estate market tanked from 1991 to 1995-96. i think world wide.yurimon
- there was a crash in 1991 of real estate market prices were declining on average in this country -10/-13 percent per year. from 1991 for like 5 years.yurimon