Showing posts with label Trump paid no taxes for years. Show all posts
Showing posts with label Trump paid no taxes for years. Show all posts

Monday, September 28, 2020

Monday Reading

As always, please go to the links for the full articles/ op eds.

Less than 48 hours before the first Presidential debate, dynamite goes BOOM!


The bombshell of Mango Mussolini's tax avoidance, business incompetence and mountain of debt (much held by foreign entities) is another story that would bury any other president or politician.  But, as we know, the committed Trump Cultist hears and sees only what its Dear Leader wants them to.  However, the average Joe Lunchbucket taxpayer should be bristling at the thought that the supposed billionaire paid ZERO taxes for many years and only $750 in 2016. In other words, he's paid more in hush money to his porn star hookups than he has in taxes. His enormous debt, with payments coming due, and the real prospect of undue influence by foreign debt holders is a huge national security red flag.  Needless to say, this is a huge story with major on- going implications.

File under "I Hire The Best People":

Brad Parscale, the former campaign manager for Donald Trump who was replaced by the President less than four months before the 2020 election, was armed with a gun and threatening to harm himself at his Fort Lauderdale home on Sunday afternoon, according to police and campaign officials.

Police responded to a home in the upscale Seven Isles neighborhood around 4 p.m. in reference to a man barricaded inside a house. When officers arrived on the scene, they made contact with the woman, the man’s wife, who had called 911. She told police that her husband was armed, had access to multiple firearms inside the house and was threatening to kill himself.  (our emphasis)

What a collection of crooks, psychopaths and traitors.

No surprise here.  The Washington Post endorses Joe Biden for President this morning:

In order to expel the worst president of modern times, many voters might be willing to vote for almost anybody.

Fortunately, to oust President Trump in 2020, voters do not have to lower their standards. The Democratic nominee, former vice president Joe Biden, is exceptionally well-qualified, by character and experience, to meet the daunting challenges that the nation will face over the coming four years.

Those challenges have been, to varying degrees, created, exacerbated or neglected by the incumbent: the covid-19 pandemic, which has claimed more lives in this country than anywhere else in the world; rising inequality and racial disparities; a 21st-century, high-tech authoritarianism ascendant in the world, with democracy in retreat; a planet at risk due to human-caused climate change.

Underlying them all is the question of whether U.S. democracy is any longer capable of meeting even one such challenge, let alone a host of them. Here is where Mr. Trump has done the most damage — and where Mr. Biden is almost uniquely positioned for the moment. He would restore decency, honor and competence to America’s government.

The Post led up to this endorsement in an eight- part series they called "Our Democracy in Peril."

Biden also got endorsements over the weekend from former Pennsylvania Republican Gov. Tom Ridge, who served as the first Secretary of Homeland Security under Dumbya, and Dwayne "The Rock" Johnson (14.8 million Twitter followers).

Moody's Analytics has a message for voters who still think Mango Mussolini and Republicans would be better for the economy:

Moody’s Analytics, an economic-research firm, has published an economic forecast weighing the effects of Joe Biden and Donald Trump’s proposals. It finds Biden’s plan would produce dramatically faster job growth and higher wages for most workers.

Biden’s proposals would lead to 18.6 million new jobs during his first term, and the average American’s income (after taxes) would increase by $4,800. Trump’s policies would lead to an increase of 11.2 million new jobs by 2025, with minimal real income gain for average households.

The main reason Biden’s plan would produce a faster recovery is that it would increase short-term deficit spending. With interest rates very low and demand depressed, an infusion of deficit spending can accelerate growth quickly. (our emphasis)

Here's how they chart out job and GDP growth under several scenarios (click on images to enlarge):


As always, we strongly recommend heading over to Infidel 753's latest link round- up for many more roads to enlightenment (or at least some finely curated links to posts on multiple topics from around the Internet).


Sunday, September 27, 2020

BOMBSHELL -- Trump The Tax Dodger

 Surprised not surprised:

The New York Times has obtained tax-return data for President Trump and his companies that covers more than two decades. Mr. Trump has long refused to release this information, making him the first president in decades to hide basic details about his finances. His refusal has made his tax returns among the most sought-after documents in recent memory.

Among the key findings of The Times’s investigation:

  • Mr. Trump paid no federal income taxes in 11 of 18 years that The Times examined. In 2017, after he became president, his tax bill was only $750.

  • He has reduced his tax bill with questionable measures, including a $72.9 million tax refund that is the subject of an audit by the Internal Revenue Service.

  • Many of his signature businesses, including his golf courses, report losing large amounts of money — losses that have helped him to lower his taxes.

  • The financial pressure on him is increasing as hundreds of millions of dollars in loans he personally guaranteed are soon coming due.

  • Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television.

  • Ivanka Trump, while working as an employee of the Trump Organization, appears to have received “consulting fees” that also helped reduce the family’s tax bill.

  • As president, he has received more money from foreign sources and U.S. interest groups than previously known. The records do not reveal any previously unreported connections to Russia. (our emphasis)

 Some initial reactions --


 

 

 

 

 

 

 

This has to come up at Tuesday's debate.  When and if it does, there'll be flop sweat rolling from Mango Mussolini like a waterfall.  This throws him off any script he might have right before this critical head- to- head with Joe Biden.  Biden should definitely pound him and remind taxpayers what he must think of them ("suckers" and "losers") at every opportunity.