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AHA...So this is why Trump isn't showing his Tax Returns.

NinaS

NinaS

Senator
Supporting Member
Like O'Donnell said...the thing he touts most is that he is a billionaire.
Experts say...BS, he's no Billionaire.

 
NinaS said:
Like O'Donnell said...the thing he touts most is that he is a billionaire.
Experts say...BS, he's no Billionaire.

Click to expand...

Income tax returns show income, not net worth. Your "experts" are nothing more than babbling partisan fools- like someone else I know.
 
as seen on tv said:
google found 10,300,000 other sites that claim trump IS a billionaire. including this one, from Forbes (below). It takes one to know one, as they say:

http://www.forbes.com/donald-trump/#69745656790b
Click to expand...

Do you think she (or any libs) would bother looking for the truth? They find the few links that are put out by Trump haters and believe every lie they're told because that's what they want to believe. And so what if he is or isn't a billionaire! They also believe the Clinton's were flat broke when they left the WH! LMAO!
 
NinaS said:
Like O'Donnell said...the thing he touts most is that he is a billionaire.
Experts say...BS, he's no Billionaire.

Click to expand...
I first became aware he was almost certainly a fake billionaire back in 2011 when several columnist correctly predicted that he wouldn't actually run for president that year, despite constantly suggesting he would. Their argument was that if he ran, he'd have to release his tax returns, and that would show he wasn't a billionaire. And since his whole reality TV career and B-list celebrity status relied on that "billionaire" character he played, that would be devastating. They didn't consider a realistic possibility that he could run and simply not reveal his taxes, unlike every other major candidate since 1976. Anyway, back in 2011, I started digging into that, trying to figure out whether that was right -- whether he really was a fake billionaire. It turned out it was almost impossible to find any evidence he had a lot of money, and the way his business operations were structure (with him slapping his name on something that someone else was ponying up the money for) made him seem more like a celebrity spokes-model for real business people's ventures, rather than a guy with deep pockets.

As a side note, have you ever looked at his mandatory election financial disclosures? They're fishy as hell. For example, he says he has a money market account with between $1 and $5 million in it, yet also says it produces between $201 and $1000 in annual income. $201 of interest on $1 million and $1000 on $5 million would each be about 0.02% interest. That would be absurdly low. If you shop around you can get about 1.25%, or over sixty times that rate. Even a ho-hum Capital One account will get you 1% or 50 times what he got. Is he that bad with his money? Or is he maybe lying about how much money is in the account, in order to look richer than he is? It would be tough to get away with lying about the income it generates, since he'll have a signed tax return that either confirms that or not, but he might just make up the principal figure.
 
Arkady said:
I first became aware he was almost certainly a fake billionaire back in 2011 when several columnist correctly predicted that he wouldn't actually run for president that year, despite constantly suggesting he would. Their argument was that if he ran, he'd have to release his tax returns, and that would show he wasn't a billionaire. And since his whole reality TV career and B-list celebrity status relied on that "billionaire" character he played, that would be devastating. They didn't consider a realistic possibility that he could run and simply not reveal his taxes, unlike every other major candidate since 1976. Anyway, back in 2011, I started digging into that, trying to figure out whether that was right -- whether he really was a fake billionaire. It turned out it was almost impossible to find any evidence he had a lot of money, and the way his business operations were structure (with him slapping his name on something that someone else was ponying up the money for) made him seem more like a celebrity spokes-model for real business people's ventures, rather than a guy with deep pockets.

As a side note, have you ever looked at his mandatory election financial disclosures? They're fishy as hell. For example, he says he has a money market account with between $1 and $5 million in it, yet also says it produces between $201 and $1000 in annual income. $201 of interest on $1 million and $1000 on $5 million would each be about 0.02% interest. That would be absurdly low. If you shop around you can get about 1.25%, or over sixty times that rate. Even a ho-hum Capital One account will get you 1% or 50 times what he got. Is he that bad with his money? Or is he maybe lying about how much money is in the account, in order to look richer than he is? It would be tough to get away with lying about the income it generates, since he'll have a signed tax return that either confirms that or not, but he might just make up the principal figure.
Click to expand...
Arkady, when I was in Las Vegas a few years ago, I noticed Trump's name on a big tall casino building. Do you think he really owns that, or are they just using his name?
 
The Thinker said:
Dammit, you beat me to it! Indeed Trump has been fooling Forbes for years!

By the way, I heard Bill Gates isn't a billionaire, either. No, really- an "expert" told me so it must be true.
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With much of the Forbes list, figuring out a ballpark figure for net worth isn't hard, because they're prominently associated with public corporations which file audited financials. If you know that Microsoft's stock is valued at $57, and you know that Gates is the holder of record for 223 million shares of it, you know that's a baseline net worth of about $13 billion, right off the bat. You can also look at his sales of the stock, over the years (as a major insider, they're matters of public record), as well as dividends, and any executive comp, and you can figure out what kind of money he's been taking out of the company. Once you deduct for the big charitable contributions he makes, which are public knowledge by way of his foundation, you can estimate the amount of value he's been retaining from that.

Trump is unusual, in that his net worth is mostly tied up in the Trump organization, and it's not publicly traded, so we don't have 10ks, etc. It's not even like, say, the Koch Industries, where although it's not publicly traded, it is owned by more than just the Kochs, so we have access to its financials by way of shareholders. The Trump organization is 100% owned by Donald Trump, so we've got no good way of figuring out what it's worth. It's all guess work, which is why you get wildly diverging estimates of Trump's net worth from various sources. We've got some idea of what the assets are worth, since they're mostly real estate, but we've got no clue how much debt they have, so there's no net figure. We've seen how heavily leveraged his operations tend to be, based on evidence that came out during the many bankruptcies, but we can't be sure the surviving enterprise is likewise heavily leveraged.
 
Sunset Rose said:
Arkady, when I was in Las Vegas a few years ago, I noticed Trump's name on a big tall casino building. Do you think he really owns that, or are they just using his name?
Click to expand...
Assuming you mean the Trump Hotel in Vegas, it looks like part is owned by Trump and Phil Ruffin, and part is owned by several hundred individuals as condos. Basically, Trump and Ruffin built it, with 1282 units, and since then they've sold off at least 700 of those units. So, assuming they went 50/50 at the start, Trump would now own a little under a quarter of the building.
 
Arkady said:
Assuming you mean the Trump Hotel in Vegas, it looks like part is owned by Trump and Phil Ruffin, and part is owned by several hundred individuals as condos. Basically, Trump and Ruffin built it, with 1282 units, and since then they've sold off at least 700 of those units. So, assuming they went 50/50 at the start, Trump would now own a little under a quarter of the building.
Click to expand...

so how much profit did he make after building the hotel by selling condos______he had to own the building to do that
 
IndependentinWis said:
OTE="The Thinker, post: 1718106, member: 21794"]Specifically, what business with Russians?
Click to expand...
http://www.politico.com/blogs/2016-...that-trump-does-business-with-russians-229484

http://time.com/4433880/donald-trump-ties-to-
Just a couple of articles on how Trump is tied to business interests in Russia.[/QUOTE]


and

http://www.wsj.com/articles/the-clinton-foundation-state-and-kremlin-connections-1469997195

should we list the business Clinton's do with Mid-East countries?
 
Dawg said:
so how much profit did he make after building the hotel by selling condos______he had to own the building to do that
Click to expand...
There's no way to know without him disclosing his taxes. It's possible there was no profit -- that it was all eaten up on maintaining the debt he took on to build the structure in the first place.
 
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