[Scroopy Noopers]

Originally Posted by octothorp

New York Times just dropped what looks like a massive expose on Trump's tax history:

https://www.nytimes.com/interactive/...ump-taxes.html

I haven't dug into it yet, but the un-shocking nutshell is that he's worth a lot less than claimed, but also may have misrepresented losses to claim tax refunds.

https://www.nytimes.com/2020/09/27/u...takeaways.html

This link provided a point form overview for optimum forum posting:

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