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WELCOME new member AMaizawing (April 03, 2020)


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Trump Tax Documents Show Major Inconsistencies
#1
Sitting with a few minutes before we head out and I come across a few articles about Trump's tax returns. 

The presidentâ€s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers “versions of fraud.”

Documents obtained by ProPublica show stark differences in how Donald Trumpâ€s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings†property tax.

For instance, Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street.

Lenders like to see a rising occupancy level as a sign of what they call “leasing momentum.” Sure enough, the company told a lender that 40 Wall Street had been 58.9% leased on Dec. 31, 2012, and then rose to 95% a few years later. The company told tax officials the building was 81% rented as of Jan. 5, 2013.  https://www.propublica.org/article/trump...sistencies


A few comments off the top of my head...
1. Not unusual for financials to be geared toward taxes and another for investors.
2. Trump likely never signed the tax documents/returns.
3. This is the first allegation that has a lil' meat on the bone.
4. The article has many more details... interesting read imo.
Reply
#2
(11-28-2019, 01:41 PM)BoyGenius Wrote: Sitting with a few minutes before we head out and I come across a few articles about Trump's tax returns. 

The presidentâ€s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers “versions of fraud.”

Documents obtained by ProPublica show stark differences in how Donald Trumpâ€s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings†property tax.

For instance, Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street.

Lenders like to see a rising occupancy level as a sign of what they call “leasing momentum.” Sure enough, the company told a lender that 40 Wall Street had been 58.9% leased on Dec. 31, 2012, and then rose to 95% a few years later. The company told tax officials the building was 81% rented as of Jan. 5, 2013.  https://www.propublica.org/article/trump...sistencies


A few comments off the top of my head...
1. Not unusual for financials to be geared toward taxes and another for investors.
2. Trump likely never signed the tax documents/returns.
3. This is the first allegation that has a lil' meat on the bone.
4. The article has many more details... interesting read imo.
I've seen this couple months back.  Not sure how or if this is a big deal.
Make America Honest Again
Reply
#3
The msm will make it a big deal—-obviously.  Hey, if they want to look at Trumpâ€s I say we look at everyoneâ€s in office.  

Snooping around a guyâ€s tax returns trying to find that one something that nails him.  So tax fraud is the next thing up, eh?  Ok, letâ€s do this.  Would love to see some of the sources (foreign companies) of income for Joe Biden, Nancy Pelosi, et al
Reply
#4
Let the conspiracy theories begin!

https://www.lamag.com/citythinkblog/deut...ank-death/
Reply
#5
(11-28-2019, 03:47 PM)jmesser1982 Wrote: Let the conspiracy theories begin!

https://www.lamag.com/citythinkblog/deut...ank-death/

So the Clintons and now Trump have suicides linked to them.  The first seems to read like the length of an NFL roster.  The 2nd seems pretty small, but expect an inverse relationship regarding media coverage.  

Ya really gotta love the timing of this stuff as if it's merely coincidental.  Another face plant by the Dems (impeachment) and now this.   Here we go.  Ugggghhhh... it's now beyond exhausting.
Reply
#6
(11-28-2019, 01:55 PM)zigbee Wrote:
(11-28-2019, 01:41 PM)BoyGenius Wrote: Sitting with a few minutes before we head out and I come across a few articles about Trump's tax returns. 

The presidentâ€s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers “versions of fraud.”

Documents obtained by ProPublica show stark differences in how Donald Trumpâ€s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings†property tax.

For instance, Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street.

Lenders like to see a rising occupancy level as a sign of what they call “leasing momentum.” Sure enough, the company told a lender that 40 Wall Street had been 58.9% leased on Dec. 31, 2012, and then rose to 95% a few years later. The company told tax officials the building was 81% rented as of Jan. 5, 2013.  https://www.propublica.org/article/trump...sistencies


A few comments off the top of my head...
1. Not unusual for financials to be geared toward taxes and another for investors.
2. Trump likely never signed the tax documents/returns.
3. This is the first allegation that has a lil' meat on the bone.
4. The article has many more details... interesting read imo.
I've seen this couple months back.  Not sure how or if this is a big deal.

Didn't see the article was dated October 16. My burst.
Didn't mean to infer this was something big with my "a lil' meat in the bone" comment.
It's not and it certainly isn't fraud.
Reply
#7
All this stuff, plus the news on Giulani allegedly getting paid by Ukraine to dig up dirt on Biden (that makes no sense to me, but there are so many rabbit holes now that it wouldn't surprise me) is all coming out on the eve of the IG report.  Coincidence?  You tell me.
Reply
#8
(11-28-2019, 04:02 PM)BoyGenius Wrote:
(11-28-2019, 01:55 PM)zigbee Wrote:
(11-28-2019, 01:41 PM)BoyGenius Wrote: Sitting with a few minutes before we head out and I come across a few articles about Trump's tax returns. 

The presidentâ€s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers “versions of fraud.”

Documents obtained by ProPublica show stark differences in how Donald Trumpâ€s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings†property tax.

For instance, Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street.

Lenders like to see a rising occupancy level as a sign of what they call “leasing momentum.” Sure enough, the company told a lender that 40 Wall Street had been 58.9% leased on Dec. 31, 2012, and then rose to 95% a few years later. The company told tax officials the building was 81% rented as of Jan. 5, 2013.  https://www.propublica.org/article/trump...sistencies


A few comments off the top of my head...
1. Not unusual for financials to be geared toward taxes and another for investors.
2. Trump likely never signed the tax documents/returns.
3. This is the first allegation that has a lil' meat on the bone.
4. The article has many more details... interesting read imo.
I've seen this couple months back.  Not sure how or if this is a big deal.

Didn't see the article was dated October 16. My burst.
Didn't mean to infer this was something big with my "a lil' meat in the bone" comment.
It's not and it certainly isn't fraud.
It's fine.   No biggie at all.   Hope the family is well and you all enjoy the holiday!
Make America Honest Again
Reply
#9
Cheeto's taxes aren't pure as driven snow? Wow, someone call Captain Obvious.
Reply
#10
(11-28-2019, 03:03 PM)ScarletHayes Wrote: The msm will make it a big deal—-obviously.  Hey, if they want to look at Trumpâ€s I say we look at everyoneâ€s in office.  

Snooping around a guyâ€s tax returns trying to find that one something that nails him.  So tax fraud is the next thing up, eh?  Ok, letâ€s do this.  Would love to see some of the sources (foreign companies) of income for Joe Biden, Nancy Pelosi, et al

Start with Charlie Rangel and work your way up to Al Sharpton...
DC is a symptom, not the cause. The cause is basic voter stupidity and economic ignorance.
Reply
#11
Clarify a bit. You donâ€t submit tax returns to lenders. You give them financials. If the tax returns submitted to the state and feds are accurate thereâ€s no crime there. If his lenders arenâ€t complaining and heâ€s paying them to yen no problem there although I donâ€t doubt he and his organization cooked the books for lenders which could be fraud. But you need a victim.
Reply


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