• Welcome to OGBoards 10.0, keep in mind that we will be making LOTS of changes to smooth out the experience here and make it as close as possible functionally to the old software, but feel free to drop suggestions or requests in the Tech Support subforum!

House Investigations: Impeachment inquiry is officially on


Yeah this is not a good spot for our country to be in.

I’ve said it before, I get the Democrats concerns about overreach but they are not overreaching by investigating this President. And the more they expose Trump’s corruption and educate the public about what’s going on, the worse it’s going to be for Trump and the GOP.

Were Republicans worried about overreach when they were stonewalling Obama and Hillary for 8 straight years?

At least now the Democrats have the law, logic and at least 60% of the country on its side.
 
https://www.nytimes.com/2019/05/07/us/trump-tax-figures.html

2. In multiple years, he appears to have lost more money than nearly any other individual taxpayer

The tax results for the years that followed trace an arc of continued empire building — and gathering loss.

He bought the Eastern Airlines shuttle for $365 million; it never made a profit, and he spent more than $7 million a month to keep it flying. His new Trump Taj Mahal Hotel and Casino, opened in 1990 with more than $800 million in debt, sucked revenue from his other casinos, pulling them along into the red.

And so, year after year, Mr. Trump appears to have lost more money than nearly any other individual taxpayer, according to the I.R.S. information on high earners — a publicly available database with taxpayers’ identifying details removed. Indeed, in 1990 and 1991, his core businesses lost more than $250 million each year — more than double those of the nearest taxpayers in the sampling for those years.
———-
 
Don’t you get it? That’s why he is fighting for the poor blue collar workers who lost their jobs in Pennsylvania and Wisconsin? He understands them and has their best interests in mind.
 
https://www.nytimes.com/2019/05/07/us/trump-tax-figures.html

2. In multiple years, he appears to have lost more money than nearly any other individual taxpayer

The tax results for the years that followed trace an arc of continued empire building — and gathering loss.

He bought the Eastern Airlines shuttle for $365 million; it never made a profit, and he spent more than $7 million a month to keep it flying. His new Trump Taj Mahal Hotel and Casino, opened in 1990 with more than $800 million in debt, sucked revenue from his other casinos, pulling them along into the red.

And so, year after year, Mr. Trump appears to have lost more money than nearly any other individual taxpayer, according to the I.R.S. information on high earners — a publicly available database with taxpayers’ identifying details removed. Indeed, in 1990 and 1991, his core businesses lost more than $250 million each year — more than double those of the nearest taxpayers in the sampling for those years.
———-

5. His interest income spiked in 1989 at $52.9 million, but the source is a mystery

Amid the hundreds of figures on 10 years of tax transcripts, one number is particularly striking: $52.9 million in interest income that Mr. Trump reported in 1989.
In the three previous years, Mr. Trump had reported $460,566, then $5.5 million, then $11.8 million in interest.
The source of that outlier $52.9 million is something of a mystery.
Taxpayers can receive interest income from a variety of sources, including bonds, bank accounts and mortgages. Hard data on the workings of Mr. Trump’s businesses is hard to come by. But public findings from New Jersey casino regulators show no evidence that he owned anything capable of generating that much interest. Nor is there any such evidence in a 1990 report on his financial condition, prepared by accountants he hired at his bankers’ request.
Mr. Trump’s interest income fell almost as quickly as it rose. By 1992, he was reporting only $3.6 million.
 
Lol, Trump

Just finding out things we already knew...terrible business man, super silver spoon and tax fraud. Congrats rube nation, fucking America since 2015.
 
Also what happened after 1994? How did he A. continue on carrying those losses? or B. dig himself out of the hole?
 
Back
Top