HomeFairfax General ForumArrest/Ticket SearchWiki newPictures/VideosChatArticlesLinksAbout
Fairfax County General :  Fairfax Underground fairfax underground logo
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
9 key takeaways about Trunp from the New York Times!
Posted by: Orange Ass Clown! ()
Date: September 28, 2020 07:12PM

Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.

.
Attachments:
444250aaa599c4109f0e5dff98bfa3acce8f958ce66d0ef2c0283ff85ba7a69f.gif

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Dementia ass clown ()
Date: September 28, 2020 07:47PM

BIDEN: Violence, little girls. lies, Hunter deal with Russia and Ukraine, Dementia, broke, felon, jail.

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Orange Ass Clown! ()
Date: September 28, 2020 08:38PM

^^ Yep, trunk is going to jail for a long time.

Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.

.

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Bunker Hiden Biden ()
Date: September 28, 2020 08:49PM

Dementia ass clown Wrote:
-------------------------------------------------------
> BIDEN: Violence, little girls. lies, Hunter deal with Russia and Ukraine, Dementia, broke, felon, jail.


Yep, Biden is going to prison for a long time.

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: So Taking Legal Tax Deductions ()
Date: September 29, 2020 02:45PM

In a free enterprise USA is illegal .That's what Trump did and everyone else in the country does unless you just want to gift the government

Which Trump does by donating his salary to the US Treasury! Biden cant do that he makes millions as a politician. No ones in Trumps pocket many are in Bidens

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: wait till election night ()
Date: September 29, 2020 05:39PM

then the spammers will be at it

bump

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: LOL... ()
Date: September 29, 2020 05:48PM

Orange Ass Clown! Wrote:
-------------------------------------------------------
> Here's a look at what the Times investigation
> revealed:
>
> ** Trump paid no or little federal income taxes
> for years **
> According to the Times, he paid no federal income
> taxes in 11 out of 18 years the newspaper
> examined. He also managed to pay federal income
> taxes of just $750 in both 2016 and 2017. The
> report shed some light on how this was able to
> happen, namely by the way his businesses reported
> their earnings.
> "Throughout his career, Mr. Trump's business
> losses have often accumulated in sums larger than
> could be used to reduce taxes on other income in a
> single year," the Times reported. "But the tax
> code offers a workaround: With some restrictions,
> business owners can carry forward leftover losses
> to reduce taxes in future years."
>
> ** Many of his businesses are burning huge piles
> of cash **
> According to the investigation, some of Trump's
> companies are doing well and profitable; others,
> not so much. Some of his best-known ventures
> "report losing millions, if not tens of millions,
> of dollars year after year," according to the
> Times. That includes his famous golf courses —
> which have reportedly racked up at least $315
> million in losses over the past two decades.
> For example, Trump's golf resorts at Turnberry and
> Aberdeen in Scotland lost over £11.8 million
> ($15.2 million) in 2018, company records show, and
> lost money the previous year too. British labor
> union RMT said Friday that Trump now plans to lay
> off up to 80 workers at Turnberry, or roughly 17%
> of its workforce, and cut salaries and working
> hours despite receiving UK government wage
> subsidies during the pandemic. Trump Turnberry
> did not respond to a request for comment on RMT's
> claims.
>
> ** Trump Tower in New York is a major moneymaker
> **
> The storied skyscraper, which sits on Manhattan's
> Fifth Avenue, has "reliably delivered more than
> $20 million a year in profits, a total of $336.3
> million since 2000," according to the Times.
> Trump's stake in two office towers in New York and
> San Francisco has also worked out well, delivering
> $176.5 million as of the end of 2018, the
> publication reported.
>
> ** Trump's D.C. hotel is not **
> The Trump International Hotel in Washington D.C.,
> which reportedly asked for relief on rent payments
> earlier this year due to the coronavirus pandemic,
> has lost more than $55 million since opening four
> years ago, the Times reported. The property has
> come under intense scrutiny in recent years amid
> allegations that Trump was unfairly profiting from
> his presidency.
>
> ** Selling his name has paid off enormously **
> Trump is known as a master of branding and
> licensing — his merchandise has famously
> included Trump steaks and water bottles, among
> other items. The Times found his personal brand
> strategy to be "the most successful part of the
> Trump business," earning $427.4 million in
> aggregate between 2004 and 2018.
>
> ** That's in large part thanks to 'The Apprentice'
> **
> A significant chunk of that money came from "The
> Apprentice." Before entering politics, Trump
> hosted 14 seasons of the hit NBC reality show,
> where contestants duked it out for a position
> working for Trump. The series boosted Trump's
> profile, while also bolstering his net income by
> $197.3 million, according to the Times.
>
> ** He made money from foreign deals after becoming
> president **
> "When he took office, Mr. Trump said he would
> pursue no new foreign deals as president," the
> Times reported. "Even so, in his first two years
> in the White House, his revenue from abroad
> totaled $73 million."
> Trump had extensive foreign business interests
> before he became president, leading to questions
> about potential conflicts of interest. As of 2016,
> for example, his financial disclosures listed more
> than 140 companies that had dealings in at least
> 25 countries around the world, according to a CNN
> review.
>
> ** Part of his income stems from ambiguous
> 'consulting fees' **
> The Times' examination of financial records
> revealed a pattern of how the president was paid
> on various projects. "Between 2010 and 2018, Mr.
> Trump wrote off some $26 million in unexplained
> 'consulting fees' as a business expense across
> nearly all of his projects," according to the
> outlet. It said that the president's eldest
> daughter, Ivanka Trump, had also previously
> appeared to "have received" fees under this
> designation, despite working as an employee of the
> Trump Organization.
> "Ms. Trump had been an executive officer of the
> Trump companies that received profits from and
> paid the consulting fees for both projects —
> meaning she appears to have been treated as a
> consultant on the same hotel deals that she helped
> manage as part of her job at her father's
> business," the Times reported.
>
> ** The Trump Organization spans 'more than 500
> entities' **
> The investigation revealed the scope of the family
> business, which includes hundreds of ventures that
> are reportedly nearly entirely controlled by the
> president. Although some of these businesses
> weren't lucrative, they "still served a financial
> purpose: reducing his tax bill," according to the
> Times. For example, "the reported losses from the
> operating businesses were so large that they often
> fully erased the licensing income, leaving the
> organization to claim that it earns no money and
> thus owes no taxes," the newspaper reported.
>
> .


OMG.....Do you have a fucking life?

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Orange Ass Clown! ()
Date: September 29, 2020 07:38PM

^^^ Yeah, all that reading- truth, facts, & reality ... tough.

Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Aunt Tiffa! ()
Date: September 30, 2020 05:07AM

This Checks Out!
.
Attachments:
444250aaa599c4109f0e5dff98bfa3acce8f958ce66d0ef2c0283ff85ba7a69f.gif

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: OAC or AOC? ()
Date: September 30, 2020 07:39AM

Biden called Trump a CLOWN!

Biden told the ORANGE ASS CLOWN to SHUT UP!!!!

The Orange Ass Clown was off his meds, insane and crack-addicted!


The "debate" was awesome!!!


Ruby Red Suckers are SO FUCKED!!

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Orange Ass Clown! ()
Date: September 30, 2020 07:07PM

^^^ You are stupid.


Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: So Trump Closes His Losers ()
Date: September 30, 2020 07:40PM

And how many people are out of work smart ass OP Can we talk about Hillary Bill Obama and JOEs gifts and moneys they made, all people who never invested in shit took any real risk running as Democrat's in Democrat areas and sucked from the tax payers soft underbelly serving themselves . Trump is a businessman who took the risks and made it he's still worth a few real billion in cash Id be happy with 3 mil to set me up for life

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: vlnxc ()
Date: September 30, 2020 08:12PM

The New York Times doesn't perform investigations.



They sit in a room and dream shit up.


Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Non business owners ()
Date: October 01, 2020 06:50AM

To non business owners/poor wage slaves:

Tax deductions and losses are how businesses work.

Biden: “my son served in Iraq...”

Trump: “which son? Hunter?”

Lolz

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: OP is a whiney lil bitch ()
Date: October 01, 2020 07:19AM

OP is a whiney lil bitch. Wah, wah, wah you little entitled bitch. The world owes you shit. Get off your ass and do something productive.

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Read a real news article for a c ()
Date: October 01, 2020 06:22PM

The NY Times lost all credibility a long time ago. Only low IQ libtards spew the NY Times left propaganda in trying to make a point and to the rest of us the vome across as fucking retards.

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: reekrrm ()
Date: October 01, 2020 06:57PM

greate photo

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Must Read! ()
Date: October 11, 2020 08:52PM

Must Read!

Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Orange Ass Clown! ()
Date: October 22, 2020 06:25AM

Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.


Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.


Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.


Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.



Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.


Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.


Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.


Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.


Here's a look at what the Times investigation revealed:

** Trump paid no or little federal income taxes for years **
According to the Times, he paid no federal income taxes in 11 out of 18 years the newspaper examined. He also managed to pay federal income taxes of just $750 in both 2016 and 2017. The report shed some light on how this was able to happen, namely by the way his businesses reported their earnings.
"Throughout his career, Mr. Trump's business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year," the Times reported. "But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years."

** Many of his businesses are burning huge piles of cash **
According to the investigation, some of Trump's companies are doing well and profitable; others, not so much. Some of his best-known ventures "report losing millions, if not tens of millions, of dollars year after year," according to the Times. That includes his famous golf courses — which have reportedly racked up at least $315 million in losses over the past two decades.
For example, Trump's golf resorts at Turnberry and Aberdeen in Scotland lost over £11.8 million ($15.2 million) in 2018, company records show, and lost money the previous year too. British labor union RMT said Friday that Trump now plans to lay off up to 80 workers at Turnberry, or roughly 17% of its workforce, and cut salaries and working hours despite receiving UK government wage subsidies during the pandemic. Trump Turnberry did not respond to a request for comment on RMT's claims.

** Trump Tower in New York is a major moneymaker **
The storied skyscraper, which sits on Manhattan's Fifth Avenue, has "reliably delivered more than $20 million a year in profits, a total of $336.3 million since 2000," according to the Times. Trump's stake in two office towers in New York and San Francisco has also worked out well, delivering $176.5 million as of the end of 2018, the publication reported.

** Trump's D.C. hotel is not **
The Trump International Hotel in Washington D.C., which reportedly asked for relief on rent payments earlier this year due to the coronavirus pandemic, has lost more than $55 million since opening four years ago, the Times reported. The property has come under intense scrutiny in recent years amid allegations that Trump was unfairly profiting from his presidency.

** Selling his name has paid off enormously **
Trump is known as a master of branding and licensing — his merchandise has famously included Trump steaks and water bottles, among other items. The Times found his personal brand strategy to be "the most successful part of the Trump business," earning $427.4 million in aggregate between 2004 and 2018.

** That's in large part thanks to 'The Apprentice' **
A significant chunk of that money came from "The Apprentice." Before entering politics, Trump hosted 14 seasons of the hit NBC reality show, where contestants duked it out for a position working for Trump. The series boosted Trump's profile, while also bolstering his net income by $197.3 million, according to the Times.

** He made money from foreign deals after becoming president **
"When he took office, Mr. Trump said he would pursue no new foreign deals as president," the Times reported. "Even so, in his first two years in the White House, his revenue from abroad totaled $73 million."
Trump had extensive foreign business interests before he became president, leading to questions about potential conflicts of interest. As of 2016, for example, his financial disclosures listed more than 140 companies that had dealings in at least 25 countries around the world, according to a CNN review.

** Part of his income stems from ambiguous 'consulting fees' **
The Times' examination of financial records revealed a pattern of how the president was paid on various projects. "Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained 'consulting fees' as a business expense across nearly all of his projects," according to the outlet. It said that the president's eldest daughter, Ivanka Trump, had also previously appeared to "have received" fees under this designation, despite working as an employee of the Trump Organization.
"Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father's business," the Times reported.

** The Trump Organization spans 'more than 500 entities' **
The investigation revealed the scope of the family business, which includes hundreds of ventures that are reportedly nearly entirely controlled by the president. Although some of these businesses weren't lucrative, they "still served a financial purpose: reducing his tax bill," according to the Times. For example, "the reported losses from the operating businesses were so large that they often fully erased the licensing income, leaving the organization to claim that it earns no money and thus owes no taxes," the newspaper reported.

.

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: sdffdsdfs ()
Date: October 22, 2020 10:37AM


Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Trunp Is A Pedo ... !! ()
Date: October 23, 2020 03:48PM

Trunp Is A Pedo ... !!

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Dim-Wit donny is a crook! ()
Date: October 25, 2020 07:17AM

Dim-Wit donny is a crook!

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Trunp Is A Sham & a Fraud ()
Date: October 26, 2020 06:05AM

Trunp Is A Sham & a Fraud

Options: ReplyQuote
Re: 9 key takeaways about Trunp from the New York Times!
Posted by: Dim-Wit donny is a crook!! ()
Date: October 26, 2020 06:49PM

Dim-Wit donny is a crook!!

Options: ReplyQuote


Your Name: 
Your Email (Optional): 
Subject: 
Attach a file
  • No file can be larger than 75 MB
  • All files together cannot be larger than 300 MB
  • 30 more file(s) can be attached to this message
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
  ******   **    **  ********   *******   ******** 
 **    **   **  **      **     **     **  **       
 **          ****       **     **     **  **       
 **           **        **      ********  ******   
 **           **        **            **  **       
 **    **     **        **     **     **  **       
  ******      **        **      *******   ******** 
This forum powered by Phorum.