Decade in the Red: Trump Tax Info Shows Over $1 Billion in Business Losses 1985-1994. (Page 5/20)
blackrams MAY 13, 11:04 PM
Archeologists or historians ( or Democrats) may have an interest in President Trumps taxes, I don't. I (honestly) believe that if he cheated the I R S would be all over him.
Do what you do best. What ever that is...

Rams
rinselberg MAY 17, 12:29 PM
Back on Page 1, towards the end, someone brought up the National Debt, and how it "skyrocketed" during Obama's eight years in office.

A fair statement. But maybe there's more to the story.


quote
Depending on who you ask, President Obama added anywhere from $983 billion to $9 trillion to the national debt. Who's lying? None of them. There are three ways to look at the debt added by any president.

Kimberly Amadeo for "the balance"; March 29, 2019.
https://www.thebalance.com/...-under-obama-3306293



quote
Republicans pride themselves on fiscal responsibility. Or at least they used to. Since President Trump found his way into the party’s bloodstream, conservative lawmakers have only been able to pay lip service to the crisis, which is growing worse despite a robust economy. On Tuesday, the Treasury Department reported that the national debt has for the first time eclipsed $22 trillion, up from $19.9 trillion when Trump took office.

[President Trump] doesn’t seem as concerned as he was [as Candidate Trump] when President Obama was in office.

Ryan Bort for Rolling Stone; February 13, 2019.
https://www.rollingstone.co...ational-debt-794308/



quote
National debt for the first time passed $22 trillion this week — a big, scary number that really doesn’t pose much of a danger now but threatens to in the future.


quote
The most recent projections from the nonpartisan Congressional Budget Office indicate that debt held by the public will rise to 93 percent of GDP in the next 10 years, or the highest since just after the end of World War II. From there, the level is expected to hit 150 percent by 2049, which is well above what economists consider a sustainable level.

Moreover, should current tax policies stay in place, rather than sunset as they are designed to do, the debt burden will get even worse.

Jeff Cox for CNBC; February 13, 2019.
https://www.cnbc.com/2019/0...it-really-means.html

[This message has been edited by rinselberg (edited 05-17-2019).]

Tony Kania MAY 17, 01:20 PM
I like method 1 from your linkey...

Method 1. Debt Added Since Obama Took Office

The largest number comes from calculating how much the debt increased during Obama's two terms. On January 20, 2009, when he was sworn in, the debt was $10.626 trillion. On January 20, 2017, when he left, it was $19.947 trillion. It explains why most people say Obama added $9 trillion to the debt, more than any other president.


Math.

I particularily enjoy the lame stream media calling it a $3 Trillion gain. The allusion of these headlines "denotes an incredibly weak & primitive mind, in my opinion."

MAGA 2020
olejoedad MAY 17, 03:35 PM
Interesting article from The Balance.
I would like to see the same calculations applied to other administration's, just for a basis of comparison.
Sometimes Presidents are blamed for budget increases that they really can't control, as happened to our current President when the opposition party added billions to the budget in exchange for increased military spending.
It seems to me that Presidents of both parties take the heat for decisions made for political posturing by politicians in the Congress.
82-T/A [At Work] MAY 17, 11:08 PM

quote
Originally posted by rinselberg:

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses





Rinse... sigh...

Trump was most successful during this time. This was his rise to fame. Trump Tower, and the growth of his real estate business. He was also on dozens of TV shows as an extra. Do you really think this represents him as a failure? Or...

...more likely, Trump knows how to work the tax code and got maximum tax breaks by showing a loss on everything, which is what you're supposed to do. I have a rental property that I make a killing on, and you know what? It comes up as a loss every single year.

Why do we have to explain this stuff?

Obviously, he hasn't failed. He owns golf courses all over the world, owns many, many, many businesses. A simple drive from West Palm to Miami down US-1, and you'll pass at least 10 different properties with the name TRUMP. He's had a very successful blockbuster TV show, and now he's President of the United States of America. I mean, come on... the man is wildly successful.
randye MAY 18, 12:10 AM

quote
Originally posted by 82-T/A [At Work]:

... and now he's President of the United States of America. I mean, come on... the man is wildly successful.




THAT is their problem with him.

Success, just by its existence, is proof positive to a leftist that it must have been attained by nefarious means.

[This message has been edited by randye (edited 05-18-2019).]

cliffw MAY 18, 03:31 AM

quote
Originally posted by randye:
... is proof positive to a leftist that it must have been attained by nefarious means.



All the while, those same leftists will do any and anything they can to game the system.
82-T/A [At Work] MAY 18, 09:23 AM

quote
Originally posted by randye:

THAT is their problem with him.

Success, just by its existence, is proof positive to a leftist that it must have been attained by nefarious means.








But Randy, don't get me wrong... I like the fact that Rinse sticks around and has discussion. But I expect more from him than this. Surely he had to know posting about this was silly? Maybe I just have a misunderstanding of how the liberal mind works, but do they think people care about this stuff? Is there maybe a thought that by showing there was a loss on these taxes, that perhaps it may make people think... "Oh man, Trump must not be as great as I think, I should vote for a liberal..." Is this what they really think? Or are Democrats so blinded by rage that they will do anything they think will anger the president?

I've been alive for 4 decades now, and reasonably politically aware for 3 of them. In all my time, from remembering Reagan, George Bush Senior, Clinton, Bush, Obama, and now Trump... I've never seen anything like this before in my life. I really took notice with Bush... they HATED Bush. I remember Jeneane Giraffelo on Air America the night Trump won re-election... I tuned in just because I wanted to hear what she had to say. She was in tears... so obviously, Democrats seem to get emotionally distraught every time a Republican wins. There's more to this, obviously... but more than I care to write about in a single Fiero Forum post.

But even the frustrations that Obama had with Republicans, and the frustrations that Bush had with Democrats... nothing like that compares to what Trump experiences on a daily basis.

92% of news media on Trump is negative... and yet, we have the best economy that this country has ever had... EVER had, since I've been alive. And this is really saying something. I remember back in the 1980s... people were doing well... in the late 1980s. I remember everyone was getting new cars, the economy was doing well. I remember again, as an adult in the late 1990s, the economy was on fire under Clinton. But this economy tops even that. Trump couldn't possibly improve the economy any more than he already has, if he even tried... and yet he still does. We've blown away almost every single record for economic success... unemployment in every category has shattered record lows. The median income has actually gone up, wage growth has actually started occurring, inflation is down, tech jobs are increasing at a rate faster than we can fill them, and jobs in every other category have come back in record numbers.

... and, we're doing all of this WHILE fighting numerous economic and cultural battles that everyone said was a forgone conclusion as the future of our country. We're actually working to repair immigration laws, we're actually fighting China on trade... there's so many other things that we've already succeeded at, that Democrats and even most Republicans just accepted as ultimate failure. Trump has taken them, solved these issues, and moved on.

This is EXACTLY what I expected from the man... these are things that are good for America. I just don't understand why Democrats are so radical.

Rinse, seriously... I'm interested, without your colloquialisms and weird speak, why you have such a problem with Trump. Is it because he says mean things? He's a New Yorker, that's just how they roll. Look at his actions, not the way he talks.
Tony Kania MAY 18, 09:56 AM
I just read how Demoncrats are "playing the long game" against President Trump. Bwahahaha!

I learned long before I entered this forum to keep my eyes open and my head down. It is never to late to learn.

The long game, brought to you by Squirt Bottle Pelosi... https://www.yahoo.com/news/...38354--politics.html

[This message has been edited by Tony Kania (edited 05-18-2019).]

rinselberg MAY 18, 10:22 AM
I have seen data plots of some of the commonly referenced macroeconomic numbers or statistics that any Trump supporter would be enthusiastic about.

These macroeconomic indicators were trending upwards during Obama's presidency. There was a time during Obama's two terms in office when these numbers started trending upwards in a steady, uninterrupted way and have continued that same upwards trajectory during Trump's administration. The numbers have reached even higher levels under Trump--"Higher Is Better"--but if you look at the years of positive macroeconomic growth, there are more years of that during Obama than for Trump, at this moment. Reflecting the eight years during which Obama was in office, while Trump is still in his first term.

We have "theogre", a forum member that I respect for his integrity in these discussions, back on Page 1, arguing that it is not exceptional for some business entities to report a billion or more dollars in losses on their IRS tax filings. He cites some examples. But the examples that he cites are considerably more recent than the years from 1985 to 1994, which is how I started this Topic. From 1985 to 1994. About 30 years ago. I would say that a billion dollars was more like a billion dollars 30 years ago, than it is today. A billion dollars in 1990 was more like "real money" than a billion dollars is today.

I am not here to present the New York Times as infallible, but I would be surprised if anyone can really shoot down the conclusions of the NYT tax reporters, that these 1985-1994 tax filings by Donald J. Trump stand out in a very remarkable way for that time period, even for a New York City born and bred real estate developer of Trump's flamboyant temperament and character.

It ties in with a narrative that has already emerged from previous NYT reports in recent months and years, that is in sharp contrast to the narrative that Trump has worked to create about his rise in the real estate and business worlds. According to Trump (Donald J. Trump), he was staked to one million dollars of "seed" money from his father, Fred Trump, and that one million dollars was the "seed" that Donald planted and cultivated into all of his current weath.

The New York Times has reported that over the years, Donald Trump received not one million dollars, but 400 million dollars in cash or liquidable assets from his father. It was just said by someone the other day that if Donald Trump had invested $400 million in an indexed stock fund in 1967, when he was age 21, and had not pursued any of his speculative real estate and other business enterprises, he would be far wealthier today than he actually is.

I have more faith in the New York Times than I have in Donald Trump.

I shouldn't continue with this right now, as I need to move on to some other "stuff."

Keep watching this space.

[This message has been edited by rinselberg (edited 05-18-2019).]