President Trump: The NEW one and only politics thread

Michael Cohen has already confirmed that the varying assessments thing happened.

Honestly, I think if Trump weren’t so scared shitless of the sheer volume of prosecutions he’ll face as soon as he leaves office he’d just go ahead and resign.

 

My god he's ignorant.

 

I always get sucked back in when there’s a tax discussion.

Personal income tax returns will not disclose Trump’s net worth. Trump’s personal income tax returns do not include the returns of any corporate entities or partnerships. Those returns do include balance sheets but they will not be disclosed as a part of a request for his personal returns.

That different values were reported for local property tax purposes than in loan documents has already been reported. Property tax records are public and often are searchable online. For example, go to the PB County assessor’s website and you can find the tax records for Mar a Lago and his golf course. Property values of partnership or corporate owned property will not be on his personal income tax returns. Real property values are set by local tax assessors, who should be regularly revaluing the properties. They are not set by the property owner. Think of how it works for your house. Same thing. Trump may protest the valuations (called grieving in NY, which always amused me). The values could be lowered by agreement or after a hearing/trial. There is no tax fraud there. Whether he used values beyond what could reasonably supported in loan documents is a separate question and not within the expertise of this retired tax lawyer. Remember valuation of residential property will yield different values depending on whether one is a buyer or seller and often neither value matches that the local assessor determined. Commercial real property is 1000 times more difficult to value.

There are things to learn from his personal returns, even without all supporting schedules, some of which he may not want people to know. It will show if he paid tax, how much, whether it was regular or alt min. It could show tax minimization structures. It will show the sources of his income, for example, whether 90% of his income is from interest, dividends, royalties from licensing the Trump name - maybe not from beautiful real estate deals. It could show Chinese bank creditors in a list of interest payments. It will show he gave nothing to charity or that he gave donations to Planned Parenthood.

 

country club libertarians

How Greenwich Republicans Learned to Love Trump

 

In 2016, presidential candidate Donald Trump said the economy with a 4.6 unemployment rate was terrible, a disaster. Look at the economy now. Which do you prefer? Vote Democratic. For the nation. For the future.

 

Oh sure.

 

Getting the band back together.

 

No. Known. Cases.

 

Jared Kushner is an ambulatory fern.

 

At this point, I'm actually more reluctant to shop in a reopened store worried I'd run into some asshat refusing to abide by the store's rules, than out of concern for catching the virus. And let's be real - doesn't matter what the rules are, it will all come down to whether people feel comfortable returning to their normal routine.