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10 years of the Trust Fund Baby's IRS tax transcripts Show That

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, May 7, 2019.

  1. Rocketman1981

    Rocketman1981 Member

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    There were loopholes in acquisition based companies that allowed a company to buy a company or real estate investment and book
    massive rapid depreciation. As the depreciation is an 'expense' income is reduced by the amount of the depreciation, but the company
    doesn't actually pay the depreciation so thereby there cash flow is positive. They then use the cash flow to buy other companies and
    rapidly depreciate their assets and continue to grow and amalgamate. This is how many of the real estate empires and cable tv conglomerates
    were operated. This was exacerbated by the ability to write off interest payments against taxes as well which encouraged excessive debt and
    growth and depreciation in a circle.

    I don't particularly think Trump was a dominant real estate player by any means and got in trouble with too much debt and ego projects, but
    tax returns really tell people very little as to cash flow and earnings of a business.

    He realized the big business wasn't his forte and pivoted to basically licensing his brand the same way the Kardashians make money.
    Give your name to a company, hotel, product, and receive money up front and a royalty on earnings/sales in the future.

    Hence the Trump Mattresses, Trump Vodka, Trump Steaks, Trump Ties, Trump Hotels (in some cases) and Ivanka's collection etc.

    He built a brand and then marketed it and licensed his name. Good pivot as he wasn't the headiest of real estate investors.
     
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  2. NewRoxFan

    NewRoxFan Contributing Member

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    well, we could believe you, or we can believe trump's sons...

    Trump's oldest son said a decade ago that a lot of the family's assets came from Russia
    https://www.businessinsider.com/donald-trump-jr-said-money-pouring-in-from-russia-2018-2


    ERIC TRUMP: “WE HAVE ALL THE FUNDING WE NEED OUT OF RUSSIA”
    https://themoscowproject.org/collusion/eric-trump-funding-need-russia/

    ERIC TRUMP REPORTEDLY BRAGGED ABOUT ACCESS TO $100 MILLION IN RUSSIAN MONEY
    “We don’t rely on American banks. We have all the funding we need out of Russia.”

    https://www.vanityfair.com/news/2017/05/eric-trump-russia-investment-golf-course?verso=true
     
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  3. Dubious

    Dubious Contributing Member

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    http://fortune.com/2015/08/20/donald-trump-index-funds/

    Check the survey of Fortune readers

    Con men build on the illusion of success, scrambling to borrow from Peter to pay Paul till they escape their responsibilities by filing bankruptcies.
    Do you think real people weren't hurt ? Bankruptcies are only harmless to the shell companies that claim them, there are a lot of real people out there who didn't get paid.

    https://www.dispatch.com/content/st...16/06/28/0628-trump-taj-mahal-bankruptcy.html
     
    #83 Dubious, May 8, 2019
    Last edited: May 8, 2019
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  4. pgabriel

    pgabriel Educated Negro

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    All kinds of publications know where Trump banks.

    Projects that are in the hundreds of millions make the papers with all parties involved

    The bank of Moscow didn't fund Trump Tower
     
  5. Dubious

    Dubious Contributing Member

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  6. DonnyMost

    DonnyMost not wrong
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    We get the congress we deserve. Them f***ers don't just fall out of the clear blue sky.
     
  7. Ubiquitin

    Ubiquitin Contributing Member
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    Trump should just disclose his finances and call it a day. I guarantee his supporters won’t care if he was on welfare at this point.
     
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  8. dmoneybangbang

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    And it's been more a GOP ruled Congress these past 6 years. Politicians are the worst but there's a special place in hell for McConnell.
     
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  9. biff17

    biff17 Member

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    The problem is you claiming something like a one time tax law that explains it all when you have no clue of that is what happened.

    you also don't know if it was out of the ordinary have you seen all of the documents and know the pertinent tax law?
     
  10. pgabriel

    pgabriel Educated Negro

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    I know someone didnt lose a billion in cash they never had.

    Edit: over ten years thats a 100 million cash a year he never had
     
  11. biff17

    biff17 Member

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    So now you are just spouting things that have nothing to do with anything anyone has said.

    Tell us again about this one time tax law that explains everything.
     
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  12. pgabriel

    pgabriel Educated Negro

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  13. adoo

    adoo Member

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    why can't you even name one

    yet, u can't even name one
     
    #93 adoo, May 8, 2019
    Last edited: May 8, 2019
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  14. pgabriel

    pgabriel Educated Negro

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    Forbes

    The artcle i posted about your oligarch stupidity

    Thats 2
     
  15. biff17

    biff17 Member

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    Link?

    https://www.wsj.com/articles/when-donald-trump-needs-a-loan-he-chooses-deutsche-bank-1458379806

    One of Donald Trump’s closest allies on Wall Street is a now-struggling German bank.

    While many big banks have shunned him, Deutsche Bank AG DB 0.64% has been a steadfast financial backer of the Republican presidential candidate’s business interests. Since 1998, the bank has led or participated in loans of at least $2.5 billion to companies affiliated with Mr. Trump, according to a Wall Street Journal analysis of public records and people familiar with the matter.

    That doesn’t include at least another $1 billion in loan commitments that Deutsche Bank made to Trump-affiliated entities.

    Other Wall Street banks, after doing extensive business with Mr. Trump in the 1980s and 1990s, pulled back in part due to frustration with his business practices but also because he moved away from real-estate projects that required financing, according to bank officials. Citigroup Inc., J.P. Morgan Chase & Co. and Morgan Stanley are among the banks that don’t currently work with him.

    At Goldman Sachs Group Inc., bankers “know better than to pitch” a Trump-related deal, said a former Goldman executive. Goldman officials say there is little overlap between its core investment-banking group and Mr. Trump’s businesses.
     
  16. pgabriel

    pgabriel Educated Negro

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    The article i just posted

    Why did you post the wsj article? That proves my point

    Edit: the article from investipedia talks about banks helping Trump out of trouble

    Thats in reference to adoo always talking about oligarchs. It does list some banks
     
  17. biff17

    biff17 Member

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    How does that prove your point when he gets his money from a German bank?
     
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  18. pgabriel

    pgabriel Educated Negro

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    My point is it isnt Russian

    We dont like Germans now?
     
  19. DonnyMost

    DonnyMost not wrong
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    The systematic rat***king of the tax code started well before most of us were born (except probably Deckard, lulz)
     
  20. pgabriel

    pgabriel Educated Negro

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    Dude's of German descent
     

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