Trump Defends $1.17 Billion in Losses as Just for ‘Tax Purposes’

“Yet even as he tried to explain in a pair of Twitter posts that showing “losses for tax purposes” was considered a “sport” among real estate developers like himself, the president also said The Times’s account was “a highly inaccurate Fake News hit job!””

His defense is that he is a tax cheat. He is saying the NY Times story is inaccurate because the times thinks his reported losses are losses and not fraud.

From: nytimes.com https://www.nytimes.com/2019/05/08/us/politics/trump-tax-investigation.html#click=https://t.co/DNWG0W4J6f

Billion in losses or a decade of felony tax fraud?

“The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.”

From: nytimes.com

I’m not a lawyer and do not have any special information here but one thing to keep in mind, a billion in declared losses may not be a billion in actual losses. He may be overstating or just inventing losses as a way to conceal profits. That would be tax fraud. And a 30 year history of felony tax fraud seems like a really good reason to block anyone from being able to look at his taxes. If they should become public, it would open him up possible fines and penalties, perhaps exceeding his ability to pay.

https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html

The Real Governments of Blue America

Paul Krugman correctly summarizes why the Republican party can not solve the problems they promise to solve.

“they have systematically deprived themselves of the ability to analyze policies and learn from evidence, because hard thinking might lead someone to question received doctrine.”

From: nytimes.com

F.B.I. Opened Inquiry Into Whether Trump Was Secretly Working on Behalf of Russia – The New York Times

 

In the months before the 2016 election, the F.B.I. was also already investigating four of Mr. Trump’s associates over their ties to Russia. The constellation of events disquieted F.B.I. officials who were simultaneously watching as Russia’s campaign unfolded to undermine the presidential election by exploiting existing divisions among Americans.

Source: F.B.I. Opened Inquiry Into Whether Trump Was Secretly Working on Behalf of Russia – The New York Times

This is the buried lead. At the time of his campaign, there were four people under investigation by the FBI for ties to Russia. This seems improbable unless there was collusion.

 

Opinion | Trump’s Big Libertarian Experiment – The New York Times

the philosophy of the party’s base is, in essence, big government for me but not for thee. Stick it to the bums on welfare, but don’t touch those farm subsidies. Tellingly, the centerpiece of the long G.O.P. jihad against Obamacare was the false claim that it would hurt Medicare.

if you have libertarian leanings yourself, you should ask whether you’re happy with what’s happening with government partially out of the picture. Knowing that the food you’re eating is now more likely than before to be contaminated, does that potential contamination smell to you like freedom?

Source: Opinion | Trump’s Big Libertarian Experiment – The New York Times

 

 

Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father

The president has long sold himself as a self-made billionaire, but a Times investigation found that he received at least $413 million in today’s dollars from his father’s real estate empire, much of it through tax dodges in the 1990s.

Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father

If the NY Times is fake news, Trump could expose them to the whole world by releasing his tax returns. He could release those returns and then make a big show of exposing the Times as being unfair to him, making things up, etc.

He won’t.

Why?