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SFVikeFan
Reports say about a 2% redacted report (2% due to 6e regs/sources-methods) has been available to Congess for days.
As of fairly recently, very few (almost no) members of Congress have reviewed the full/2% redacted report.
(I stand to be corrected on this, as that was the reportage a few days ago)
Grades hidden? Where's Obama's college transcripts?
MSM moves heaven/earth to find Bush's college record (found!)/Trump's tax records(found!)... but GOOOOLLLLLY... nothing on Obama's
college records. STYMIED. lmao
I love the NYT's 'scoop' yesterday.
A NYT review re: the exact same information:
Oct 2016: Trump's past suspect.
https://www.nytimes.com/2016/10/04/nyreg...-debt.html
That was supposed to be the Dem October surprise (his downfall), since Trump was the GOP nominee.
Back in 1995, Trump was the "Crowning the Comeback Kid "... celebrating Tump as one of the few survivors of the NYC real-estate crash
https://www.nytimes.com/1995/10/25/nyreg...-king.html
Yesterday: Trump lost billions (and wrote off billions in taxes -- perfectly legal)
https://www.nytimes.com/interactive/2019...google.com&gwh=ADBF2345D29DC4629384AD4880EB874D&gwt=pay
Same info. 3 different takes. How schizophrenic is the Grey Lady? And Trump is mental?
Hell.... Trump admitted it to the world years ago he lost billions....
http://https//www.youtube.com/watch?v=jx9cMuMb2pk
http://https//www.youtube.com/watch?v=jx9cMuMb2pk
About taxes. Regrettably..... I must take myself out of consideration for any future consideration for POTUS.
(I know, mellon collie and infinite sadness)
You see, I bought real estate when I moved to Georgia in 2005. Fairly high income job. Got caught up in the RE bubble (didn't know it was a bubble, at the time)
I bought a main house (254k) , an oceanside condo on HHI (195k) and a lot on a promising golf-course subdivision (150k).
3 yrs later, the 'bubble burst'. 2007-8.
My house hung tough, by my oceanside condo was worth 95k (down from 195k) and my lot on the promising golf-course was worth 90k.
Net loss of 160k, on paper. Future wasn't lookin' bright.
I was IRS audited in 2013. Small businessman, llc. Figures.
Had done TurboTax for years, but hired an accountant, for the field audit.
In the meantime, sold the condo for 130k (65k loss) sold the lot for 95k (60k loss).
Turns out, per my accountant, I could deduct 3k a year from my taxes on the lot. (3k a year until total of 60k) until reaches total of 60k.
I could deduct (65k divided by 28% --my tax bracket, or about 15k) as a one-time deduction from one year's taxes.
Turbo-Tax had not alerted me to this.
Point is... if MY simple situation has so many permutations... can you imagine DJT's (NYC commercial real-estate mogul) situation?
Undergoing the only NYC commercial real-estate negative correction, in the last 100 yrs? (other than 2007-2010)
new york city commercial real estate correction in 90's graph
1984-1995... the yr's the NYT's happened to find his
"tax transcripts" (not actual tax returns)? lol
I sat down with an IRS agent from 9-5 in September of 2013.
She went over every aspect of my financial life for a full day. Full bank records, full business records.
I ended the day owing an additional 2K, to the IRS.
Thankful she decided not to go back 7 years of returns. Thankful that was all.
If you work your life as an employee, W-2's... withholding, etc. Cool. You'll never be subject to an IRS audit.
If you're an entrepreneur....llc.... etc.... you're a TARGET.
I had one CPA I was interviewing that moved to Savannah from NYC... and that the IRS pulls a heavy % of NYC returns, de rigueur. (anecdote)
There are career politicians that structure their tax returns expecting public inspection.
Then, there are businessmen/entrepreneurs that structure their tax returns to give the govt everything their entitled to, and not a penny more.
Trump was a NYC-commercial real estate mogul.
If he paid 0.01 more than he owed? He had shitty CPA's/tax lawyers, but was well tax-return-positioned for a career in politics, lol.