Discussion: NY Times: Docs Don't Back Up Income Trump Reported In Financial Disclosures

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21

This is way too complicated for the average deplorable to understand.

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22

Thatā€™s OK. Heā€™ll make up the difference with all the cash heā€™s been raking in with his ā€˜Make Me Rich Againā€™ campaignā€¦

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23

Wikipedia says the building is owned by GE Pension. From the Forbes article on Trumpā€™s net worth:

What Trump Owns: 10,578 sq. ft. of retail; 18,370 sq. ft. of garage; one 460-sq.-ft. condo
Total Value: $38 million
Debt: $0
Net Value of Stake: $38 million

Even so, it seems to me that

  1. $1.6 million of revenue on a $38 million stake doesnā€™t seem too good. On the retail alone, that would be $160 per square foot if fully rented. Something is fishy there.
  2. $43000 in net income on $1.6 million in revenue seems pretty sketchy too. One strongly suspects that it is depressed by payments to other Trump affiliates.
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24

Short of fingers, short of ethics, short of cash.

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25

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26

OMFG! You canā€™t mean to say thatā€¦~gulp!~ā€¦he lied?

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27

Easy to make up any deficit: Timeshares at the White Houseā€¦scratch thatā€¦The Trump House.

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28

Not finished. Where is the giant name TRUMP in gold letters at the top of the building?

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29

And if by ā€œdayā€ you meant hours of sunlight then depending on where he is on the latitude he is either lying more or less. Can we send him to Alaska to get some semblance of truth?

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30

Just a bonus to fit in more lies he has lying around.

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31

Youā€™d want your money back, pronto.

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32

A really shocking headline would be ā€œTrump Shown to have Told the Truth aboutā€¦ā€ That one would go down in history.

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33

Braggart and a liar. He wants the presidency so he can make more fake money and screw over more people.

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34

Trumpā€™s favorite accountant: ā€œWhat number did you have in mind, Mr. Trump?ā€

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35

It appears this is not idictable. The story notes that Donald is allowed to report or state his ā€œincomeā€ as money before expenses. So we have one year where his ā€œincomeā€ is over $600 million, but after expenses who knows? He may even be negative $600 million. And itā€™s legal to state it that way, and Donald uses it to imply to America that he is rich when he is barely breaking even.

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36

I am not surprised. ā€œThe Apprenticeā€ is not something an active successful real estate developer would have time to schedule. Donald needs the money. That is why he did the Apprentice.

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37

This is true of a lot of his financial shenanigans. They may not be ethical or admirable, but theyā€™re arguably legal in most cases. His use of a tax code loophole to use other peopleā€™s losses to offset his income, for example, has been characterized as pushing the envelope to the extreme. But he got away with it. The IRS must have given him their blessing - he was audited, and weā€™re well beyond the statute of limitations on that maneuver now, I would think. The loopholeā€™s been closed, but his use of it was probably not criminal.

His sense of interior design and general taste, on the other hand, are a capital offense.

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38

And why would someone making hundreds of millions every year waste his time with cheap grifting like Trump U?

The bottom line is that heā€™s no longer a successful real estate developer. No one will lend him money (other than one very confused division within Deutsche Bank), and he canā€™t self-finance on that scale.

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39

Actually, we gain or lose nothing.
We just reset our clocks.

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40

Lying Don lies again.

Heā€™s a fraud and a cheat.

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