Trump's Tax Returns Have Been Released.

[Mikebert]

(10-02-2016, 12:24 AM)taramarie Wrote:

(10-02-2016, 12:21 AM)Eric the Green Wrote: Tell us more; what did they say? Source?

Here. This is something I just saw. Do not know how legit it is. Trump's Tax Return

It appears to be from 1995.  We already know he paid no taxes then and had small income suggesting small net worth then.  He did release a revenue statement for a more recent year that suggested an income in the several hundred million range.  A Bloomberg analysis of this data suggested a net worth of about $3 billion.  If he is earning only $50 M on $3 B of assets he is a really shitty businessman. 

But then how did he turn a $14 million initial stake into a $900 B loss (this is an asset since he can use it to avoid future taxes) and that into what he has now?  This means he had to get higher-than-shitty returns on his money and so MUST have generating substantial income--unless he has been using so much leverage that he actually has very little equity in any of his properties. In this case, if he loses he may file for bankruptcy next year (unless his campaign can repaid all the money he lent to it) So if this does not happen then you have to assume he has paid some income taxes.

The leverage thing may be the key.  The money he borrowed in 1975 would be worth $100-250M, adjusted for asset inflation (this money would be used to buy assets not consumer goods so the CPI is the wrong index to use for inflation-adjustment). If Trump is really heavily leveraged his net worth (equity) made be no higher than this figure which means his total return over 40 years has been zip.  He is actually no richer than  If he had just dumped that $14 million be borrowed from his dad in an index fund. He wouldn't ever have to paid it back because the debt would be part of his father's estate's assets which he would inherit. He could have just taken that debt as his share of the estate in 1999. If he release his taxes, it would not take much time for financial sleuths to reveal this and there goes the entire reason for his candidacy.  It would reveal that this run is just another great con.  But suppose the wins, the ultimate "big con".