Yet another Billionaire calls out Trump
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What I learned in this thread: Ballfag is a cunt. But everyone here already knew that. Maybe we could do a fund raiser for bleach.
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If his annual income doesn't jive with someone who claims to be a billionaire busines genius...that's very relevant. It is the bedrock for why he believes he'd be such a great president.Fenderbender123 said:What are we going to learn from his tax returns? "Oh look, Trump's taxable Schedule D income increased by 18% in 2015. That means he's going to start World War 3 if elected."
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When did Trump claim he makes billions of dollars every year? Saying you're a billionaire doesn't mean you make that much income. If your tangible net worth is in the billions, liquid or not, you can claim you're a billionaire. And unfortunately, a tax return isn't going to show your assets.BallSacked said:
If his annual income doesn't jive with someone who claims to be a billionaire busines genius...that's very relevant. It is the bedrock for why he believes he'd be such a great president.Fenderbender123 said:What are we going to learn from his tax returns? "Oh look, Trump's taxable Schedule D income increased by 18% in 2015. That means he's going to start World War 3 if elected."
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And plus, a lot of his income is going to be flowing from Sch E section 2. And you can't just look at the overall net income number of all those pass-through companies to determine what his cash flow situation is. And unfortunately, the net income is about all it shows. You'd need the separate business tax returns (1065s & 1120s) for all of those pass-through companies to do a proper analysis.
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I don't understand any of this but it helps Trump imo.Fenderbender123 said:And plus, a lot of his income is going to be flowing from Sch E section 2. And you can't just look at the overall net income number of all those pass-through companies to determine what his cash flow situation is. And unfortunately, the net income is about all it shows. You'd need the separate business tax returns (1065s & 1120s) for all of those pass-through companies to do a proper analysis.
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Yes, I realize that H&R Block.Fenderbender123 said:
When did Trump claim he makes billions of dollars every year? Saying you're a billionaire doesn't mean you make that much income. If your tangible net worth is in the billions, liquid or not, you can claim you're a billionaire. And unfortunately, a tax return isn't going to show your assets.BallSacked said:
If his annual income doesn't jive with someone who claims to be a billionaire busines genius...that's very relevant. It is the bedrock for why he believes he'd be such a great president.Fenderbender123 said:What are we going to learn from his tax returns? "Oh look, Trump's taxable Schedule D income increased by 18% in 2015. That means he's going to start World War 3 if elected."
If he claims he is worth several billion dollars, but his tax returns shows income in the (say) single 7 or low 8 figure...it would call into question how accurate his wealth is. Especially for someone that's almost exclusively in income producing properties and businesses.
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You'd be surprised at how many wealthy people don't earn a lot of taxable income.BallSacked said:
Yes, I realize that H&R Block.Fenderbender123 said:
When did Trump claim he makes billions of dollars every year? Saying you're a billionaire doesn't mean you make that much income. If your tangible net worth is in the billions, liquid or not, you can claim you're a billionaire. And unfortunately, a tax return isn't going to show your assets.BallSacked said:
If his annual income doesn't jive with someone who claims to be a billionaire busines genius...that's very relevant. It is the bedrock for why he believes he'd be such a great president.Fenderbender123 said:What are we going to learn from his tax returns? "Oh look, Trump's taxable Schedule D income increased by 18% in 2015. That means he's going to start World War 3 if elected."
If he claims he is worth several billion dollars, but his tax returns shows income in the (say) single 7 or low 8 figure...it would call into question how accurate his wealth is. Especially for someone that's almost exclusively in income producing properties and businesses.
Besides, you've got to understand how that income works in order to get a better prediction.
For example, Trump might be earning 80 million a year in Sch E income, but then have a 60 million loss on Sch D, resulting in a taxable income of 20 million. But that Sch D income really doesn't count, because that's simply calculated for tax purposes...he didn't actually have 60 million dollars flow out of his bank account.
That's just one example. There's so much to look at, that Trump is right...."there's nothing to learn from them". Your average voter is too fucking stupid to do a proper analysis, and you can bet your life savings that both sides are going to spin the numbers to fit their own narrative, which is just needless confusion for the voters. -
If we aren't going to learn anything, why doesn't he just release them then?Fenderbender123 said:What are we going to learn from his tax returns? "Oh look, Trump's taxable Schedule D income increased by 18% in 2015. That means he's going to start World War 3 if elected."
Don't you still ask where Obama's college transcripts are? -
My guess is that Trump has decided it's not worth the shit show that would be the discussion over them. Even if there's nothing to learn from them, do you really think the media is just going to not comment on them? Of course not...they're gonna start spinning the numbers, even though the financial data is far too incomplete to make an accurate assessment of his cash flow situation, which means he'd have to spend a lot of time and energy defending them when the whole situation is moot because of the incomplete financial picture. It's a lose-lose, but I think not releasing them is the right idea.
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I'd like to see his charitable contributions.Fenderbender123 said:What are we going to learn from his tax returns? "Oh look, Trump's taxable Schedule D income increased by 18% in 2015. That means he's going to start World War 3 if elected."
