The New York Times article: Trump did nothing illegal. He followed the letter of the law. Real estate is one of the most tax-friendly businesses, ask any homeowner. Depreciation, lost value, you have always been permitted to carry those paper losses forward to offset income, including future income. That is not a "bombshell."
Neither is Trump a "genius," (my God) as Rudy Giuliani and some other Trump mouthpiece proclaimed. This is SOP in the real estate biz. Giuliani actually said Trump was both a "genius" and that he would have breached a fiduciary duty if he had not taken all the deductions! If you're a "genius" for obeying the law we're a nation of fucking Einsteins.
Trump's failures, in Atlantic City, the Plaza, the airline, that produced the losses, are, or could be, "bombshells" on his business acumen but, my God, show me a businessman who hasn't failed and I'll show you a non-businessman.
I don't think this SOP tax return, just New York state's, not the IRS', is what Trumpie is hiding. That was an old tax return and only the state's. His son-in-law said more recently that Trump's business income shows a lot of Russian money. That's what Trumpie would want to hide. And unless somebody else mails a recent federal tax return to the Quasi's we ain't gonna know.
Neither is Trump a "genius," (my God) as Rudy Giuliani and some other Trump mouthpiece proclaimed. This is SOP in the real estate biz. Giuliani actually said Trump was both a "genius" and that he would have breached a fiduciary duty if he had not taken all the deductions! If you're a "genius" for obeying the law we're a nation of fucking Einsteins.
Trump's failures, in Atlantic City, the Plaza, the airline, that produced the losses, are, or could be, "bombshells" on his business acumen but, my God, show me a businessman who hasn't failed and I'll show you a non-businessman.
I don't think this SOP tax return, just New York state's, not the IRS', is what Trumpie is hiding. That was an old tax return and only the state's. His son-in-law said more recently that Trump's business income shows a lot of Russian money. That's what Trumpie would want to hide. And unless somebody else mails a recent federal tax return to the Quasi's we ain't gonna know.
