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Pensacola Discussion Forum » Politics » Trump tax returns: president had to pay millions due to tax law he aims to scrap

Trump tax returns: president had to pay millions due to tax law he aims to scrap

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Telstar
RealLindaL
PkrBum
Sal
Floridatexan
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PkrBum

PkrBum

Trump tax returns = Obama birth certificate

Busy work for partisans... of no real consequence... irrelevant after the election.

I do think that eventually leftists will leak something... that's the pattern we've seen.

Floridatexan

Floridatexan


http://money.cnn.com/2015/08/31/news/companies/donald-trump-bankruptcy/

Donald Trump brags about how well his businesses have fared in bankruptcy. And in fact, no major U.S. company has filed for Chapter 11 more than Trump's casino empire in the last 30 years.
"I have used the laws of this country ... the [bankruptcy] chapter laws, to do a great job for my company, for myself, for my employees, for my family," he said during the first Republican presidential debate on August 6.
Trump claims that successful businesses file for bankruptcy all the time. At the debate he said "virtually every person that you read about on the front page of the business sections, they've used the [bankruptcy] law."
But the facts don't back that comment up.
Despite high profile examples, including General Motors (GM), Lehman Brothers and most of the nation's major airlines, fewer than 20% of public companies with assets of $1 billion or more have filed for bankruptcy in the last 30 years, according to data from Bankruptcy.com and S&P Capital IQ.
Trump has never filed for personal bankruptcy. But he has filed four business bankruptcies, which Bankruptcy.com says makes Trump the top filer in recent decades. All of them were centered around casinos he used to own in Atlantic City. They were all Chapter 11 restructurings, which lets a company stay in business while shedding debt it owes to banks, employees and suppliers.
Related: Trump - Tax the rich more
He makes no apologies for having much of his debt wiped out. "These lenders aren't babies. These are total killers," he said at the debate. "These are not the nice, sweet little people."
Here's a look at Trump's bankruptcy track record.
1. Trump Taj Mahal, 1991
Trump's first bankruptcy filing was probably the most personally painful for him. To come up with the funds he needed, he sold a 282-foot yacht, as well as the Trump Shuttle, the airline he operated at the time that flew between Washington, D.C., New York and Boston, according to media reports at the time. He had to give up half of his ownership stake in the Trump Taj Mahal, but he did retain control of the property. His largest creditor was financier Carl Icahn, who held $400 million in bonds. Now Icahn is Trump's pick for Treasury secretary should he be elected.

2. Trump Castle Associates, 1992
In less than a year he was back in bankruptcy court for his other Atlantic City casinos. This bankruptcy included the Trump Plaza Hotel in New York, the Trump Plaza Hotel and Casino in Atlantic City as well as the Trump Castle Casino Resort. He gave up half his interest in the New York Plaza to Citibank, but retained his stake in the casinos.

3. Trump Hotel & Casino Resorts, 2004
Trump didn't go back to bankruptcy court again until November 2004, when he filed to shed debt at his various Atlantic City casinos and a riverboat in Indiana. It was another quick trip through bankruptcy court; the company shed $500 million in debt and emerged from bankruptcy the following May. Trump turned over majority control of the company to his bondholders but remained the largest single shareholder, and he once again kept control of the casinos.


4. Trump Entertainment Resorts, 2009
His most recent bankruptcy came in 2009, after the company missed a $53.1 million bond payment. That was pretty much the end of the road for Trump in Atlantic City. While his name remained on three casinos, he resigned from the board and gave up his remaining stake in the company.

"I had the good sense, and I've gotten a lot of credit in the financial pages, seven years ago I left Atlantic City before it totally cratered," he said during the debate.

The two Atlantic City casinos that still had the Trump name filed for bankruptcy yet again in 2014. At the time Trump made sure people knew he was no longer running the company, and sued to have his name removed.

(video)



othershoe1030

othershoe1030

PkrBum wrote:Trump tax returns = Obama birth certificate

Busy work for partisans... of no real consequence... irrelevant after the election.

I do think that eventually leftists will leak something... that's the pattern we've seen.

To the contrary, now that he is in office we need to see what debts he has to foreign banks or other entities and what properties he holds abroad. It has already been noted that he got a green light on some permits he needed for a project in Argentina. He has around 500 different companies and businesses and who knows how many projects within that empire. It would be very naive to think he wasn't being shown favoritism somewhere along the line by virtue of his current position. Is he making deals for his own benefit or in the best interests of the American people, whatever that might be?

I mean really, being president should NOT be a business opportunity, you think?

Earlier this week, a respected Argentinian TV journalist reported that President-Elect Donald Trump had not only spoken with Argentinian president Mauricio Macri, but had specifically inquired about a stalled building permit for one of his real-estate projects in Buenos Aires. The camps for both Trump and Macri furiously denied that Trump had brought up the Torre Trump development and said that the conversation was merely a courtesy call from one head of state to another. The denials effectively neutered the story until Wednesday, when it was further reported that Trump’s real-estate project had, in fact, secured the long-delayed building permits just three days after speaking with Macri on November 14, according to Argentinian paper La Nación.

http://www.vanityfair.com/news/2016/11/donald-trump-mauricio-macri-trump-tower

PkrBum

PkrBum

You may think you have a right to see them... through whatever subjective means... but you don't.

Floridatexan

Floridatexan


If he has nothing to hide, why not just release them and put an end to the speculation. But then, we know from various very public reporting that there is damning evidence of malfeasance and probable treason.

Joanimaroni

Joanimaroni

othershoe1030 wrote:
PkrBum wrote:Trump tax returns = Obama birth certificate

Busy work for partisans... of no real consequence... irrelevant after the election.

I do think that eventually leftists will leak something... that's the pattern we've seen.

To the contrary, now that he is in office we need to see what debts he has to foreign banks or other entities and what properties he holds abroad. It has already been noted that he got a green light on some permits he needed for a project in Argentina. He has around 500 different companies and businesses and who knows how many projects within that empire. It would be very naive to think he wasn't being shown favoritism somewhere along the line by virtue of his current position. Is he making deals for his own benefit or in the best interests of the American people, whatever that might be?

I mean really, being president should NOT be a business opportunity, you think?

Earlier this week, a respected Argentinian TV journalist reported that President-Elect Donald Trump had not only spoken with Argentinian president Mauricio Macri, but had specifically inquired about a stalled building permit for one of his real-estate projects in Buenos Aires. The camps for both Trump and Macri furiously denied that Trump had brought up the Torre Trump development and said that the conversation was merely a courtesy call from one head of state to another. The denials effectively neutered the story until Wednesday, when it was further reported that Trump’s real-estate project had, in fact, secured the long-delayed building permits just three days after speaking with Macri on November 14, according to Argentinian paper La Nación.

http://www.vanityfair.com/news/2016/11/donald-trump-mauricio-macri-trump-tower
  Like the Clinton Foundation and how they received millions from foreign governmets? How they hid assests? How Chelsea became and instant millionaire? Interesting how Hillary lost and now the foundation is having difficulties.

Hmmm poitical favors.

RealLindaL



othershoe1030 wrote:
PkrBum wrote:The real world deals with real issues. You have no right to trump's tax returns... deal with it.

I find it strange that you accuse me of not being in touch with the real world at a time when the president is not. He wants to build a wall to keep out people who largely enter the country via visas and then over-stay. A wall to keep out people entering the country when we are at an all time low of any such traffic.

He proposes a ban on entry for people from countries that have not produced any terrorist acts in our country for decades and who are already vetted for months and months, hardly the hoards of people he imagines are somehow magically reaching our borders from the Middle East.

He imagines nonexistent wiretapping, huge crowds at his inauguration, millions of illegal voters voting in the 2016 election, crowds dancing in the street in new Jersey after the 9-11 attacks, his own superior intelligence etc. and you accuse me of not being in the real world? Really?

Other, I'm sorry I didn't see this post earlier, but I have to tell you it's your BEST EVER.  So completely right on the mark.  And it's helping me realize more clearly than ever before why the con's on this board are likely becoming so much more acerbic.  Just think of the old saw that the best defense is a good offense. The actions of their leader are becoming indefensible even for them, which has gotta be hard to take, gotta make one want to strike out at the closest target, and that's the rest of us.
Keep posting! You've got well-stated truth and facts in your corner.

Guest


Guest

F 2005! Keep it relevant.

Let's see 2015, 2014, 2013, 2012, 2011, 2010...

PkrBum

PkrBum

Floridatexan wrote:
If he has nothing to hide, why not just release them and put an end to the speculation.  But then, we know from various very public reporting that there is damning evidence of malfeasance and probable treason.

No you don't. What a strange group think delusion.

Guest


Guest

PkrBum wrote:
Floridatexan wrote:
If he has nothing to hide, why not just release them and put an end to the speculation.  But then, we know from various very public reporting that there is damning evidence of malfeasance and probable treason.

No you don't. What a strange group think delusion.

Yeah, there's probably nothing in his tax returns that would cause concern among Americans. Heck we're so dumb, we probably wouldn't understand them.

How anyone with 3 still alive brain cells can support or defend this liar in chief is amazing act of head up their ass worthy of Ripleys.

PkrBum

PkrBum

panhandler wrote:
PkrBum wrote:
Floridatexan wrote:
If he has nothing to hide, why not just release them and put an end to the speculation.  But then, we know from various very public reporting that there is damning evidence of malfeasance and probable treason.

No you don't. What a strange group think delusion.

Yeah, there's probably nothing in his tax returns that would cause concern among Americans.  Heck we're so dumb, we probably wouldn't understand them.

How anyone with 3 still alive brain cells can support or defend this liar in chief is amazing act of head up their ass worthy of Ripleys.

Pointing out reality isn't defending anything... except reality of course... lol.

Guest


Guest

PkrBum wrote:
panhandler wrote:
PkrBum wrote:
Floridatexan wrote:
If he has nothing to hide, why not just release them and put an end to the speculation.  But then, we know from various very public reporting that there is damning evidence of malfeasance and probable treason.

No you don't. What a strange group think delusion.

Yeah, there's probably nothing in his tax returns that would cause concern among Americans.  Heck we're so dumb, we probably wouldn't understand them.

How anyone with 3 still alive brain cells can support or defend this liar in chief is amazing act of head up their ass worthy of Ripleys.

Pointing out reality isn't defending anything... except reality of course... lol.

Failed to see the sarcasm eh? It does require a little IQ.

othershoe1030

othershoe1030

PkrBum wrote:You may think you have a right to see them... through whatever subjective means... but you don't.

As I said earlier in this thread: In a sense you are correct, we have no legal right to see the returns however it has become, out of respect for the country and the voters, an expected tradition that candidates show their returns. It is a way of proving they are above board, honest and trustworthy, which Trump has shown he is not.

So, you see I recognize no legal "right" to his returns so you can stop accusing me of that.

What exactly do you mean by "subjective means"? Is subjective the word you meant to use? It makes no sense.

PkrBum

PkrBum

sub·jec·tive
səbˈjektiv/
adjective
1. based on or influenced by personal feelings, tastes, or opinions

othershoe1030

othershoe1030

PkrBum wrote:sub·jec·tive
səbˈjektiv/
adjective
1. based on or influenced by personal feelings, tastes, or opinions

I know what "subjective" is defined as but put together with your word "means", "subjective means" I have to think you are suggesting we are somehow making up information that's been collected re 45's business dealings and tax reports?

We seek the Objective information and are therefore calling for him to release many years of recent tax returns. We should not have to resort to imaginary thoughts as he does on so many occasions. (crowd size, illegal voters, you know the list).

PkrBum

PkrBum

He said he wasn't going to release his tax returns. He made that perfectly clear before the election.

But carry on I guess... and good luck... lol.

Floridatexan

Floridatexan

PkrBum wrote:He said he wasn't going to release his tax returns. He made that perfectly clear before the election.

But carry on I guess... and good luck... lol.



Floridatexan

Floridatexan





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