Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Discussion in 'Budget & Taxes' started by AtsamattaU, May 7, 2019.

  1. nopartisanbull

    nopartisanbull Well-Known Member

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    Quote: TARP was all repaid with interest. The Government made money

    Excellent!

    H.R. 384 (111th): TARP Reform and Accountability Act of 2009

    House Vote;

    Yea; Democrats 242, Republicans 18
    NO; Democrats 10, Republicans 156

    https://www.govtrack.us/congress/votes/111-2009/h26
     
  2. AFM

    AFM Well-Known Member Past Donor

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    Bush had two recessions. Obama had a recovery which usually produces robust gdp growth. Obamanomics produced the weakest recovery from a recession since the Great Depression.

    The Bush tax cuts produced the highest four year total of tax revenues (corrected for inflation and adjusted for population growth) of any 4 year period in the history of the US.

    R's are very willing to reduce spending. D's are not. Spending cannot be reduced without cooperation from D's or 60 R votes in the Senate.

    I blame the Democrats for not reducing spending.
     
  3. AFM

    AFM Well-Known Member Past Donor

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    TARP was not excellent. In fact it was a bait and switch as you should know. TARP was a terrible policy. It forced financial institutions to accept money which they did not need. The point is that it came out of Bush and was paid back to Obama with interest.
     
  4. Dutch

    Dutch Well-Known Member Past Donor

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    And Obama’s birth certificate is as fake as ever.
     
  5. rahl

    rahl Banned

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    Lol birthers are retarded.
     
  6. AFM

    AFM Well-Known Member Past Donor

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    Advice. Stay out of bottomless pit discussions with some posters.
     
    Last edited: May 10, 2019
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  7. rahl

    rahl Banned

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    You literally got nothing right in the above post.
     
  8. Dutch

    Dutch Well-Known Member Past Donor

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    Lol None of us have visited 57 states... The Anointed One had. What’s that tells yea?

    Tells me you’ve no idea who’s retarded.
     
  9. Dutch

    Dutch Well-Known Member Past Donor

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    Me and @rahl go back ways :hug:
     
  10. The Mello Guy

    The Mello Guy Well-Known Member

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    The deficit ballooned because of the Bush recession and tax cuts. If I cared svout deficits I’d elect a republican congress and a democrat president.
     
  11. The Mello Guy

    The Mello Guy Well-Known Member

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    We should really get to the orange of this.
     
  12. rahl

    rahl Banned

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    I have no idea what this has to do with birthers being retarded
     
  13. Debonora

    Debonora Banned

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    That's what you got out of that? Anyways I get it. You dont have an answer for why it's always Hillary or Obama or whoever even trump. I don't care. I dont have a dog in this fight but why not take it on case by case basis? Your argument is LITERALLY. " ya I know chris cheats on his wife but dammit, karl jerks off to porn" lol like ****
     
    Last edited: May 11, 2019
  14. AFM

    AFM Well-Known Member Past Donor

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    So nothing. Typical.
     
  15. Pred

    Pred Well-Known Member

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    Yes. But only a few districts. NOT nation wide. Details matter to the intelligent. Simpletons are only interested in what they choose to believe. Stating total numbers until you’re blue in the face will NEVER change what happened.

    The only detail that truly matters is how many total votes went to which candidate in the most districts. Because that’s how our system works you see. Civics 101.
     
    Last edited: May 11, 2019
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  16. Dutch

    Dutch Well-Known Member Past Donor

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    I’ll splain - there’s different degrees of retardation, and the Anointed One a champion of them all.
     
  17. Dutch

    Dutch Well-Known Member Past Donor

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    With new AG we may.
     
  18. TurnerAshby

    TurnerAshby Well-Known Member

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    Nobody has cared about deficit spending in Washington in quite awhile all deficit spending is given is lip service
     
  19. TurnerAshby

    TurnerAshby Well-Known Member

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    Hey look NY times recycled a story and pretends it’s breaking news lol.

    They ran this same story October 4 2016 titled

    Donald Trump’s Business Decisions in ’80s Nearly Led Him to Ruin and here’s the link:
    https://www.google.com/amp/s/www.nytimes.com/2016/10/04/nyregion/donald-trump-taxes-debt.amp.html
     
    Last edited: May 11, 2019
  20. TurnerAshby

    TurnerAshby Well-Known Member

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    Thank goodness that some people have reading comprehension lol. also you laid that out more eloquently than I was able to
     
  21. TomFitz

    TomFitz Well-Known Member

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    Bush became president at the end of the dot com boom. The recession he inherited was a very mild one and was showing every sign of going away on its own.

    Bush also inherited a budget surplus, one which he immediately went to work on erasing.

    Bush sold tax cuts to the rich and the banking industry by sending all the little people a one time check.

    Your claim that the Bush tax cuts produced high tax revenue may be true by itself, but it promotes the myth that one an tax cut their way to propose ritzy and fiscal balance.

    Of course, contrary to your next claim, the Bush Administration and the GOP Congress spend wildly, especially once Bush had started his reckless, unprovoked and disasterous war in Iraq.

    Regardless of the revenue, George W Bush doubled the national debt in eight years, and bequeathed a depression to his successor.

    Your claim that R’s are interested in reducing spending but D’s are not is not supported by any real evidence other than rhetoric.

    Ronald Reagan tripled the national debt in eight years, and George W Bush doubled that again.

    Barack Obama inherited the biggest financial collapse since 1929.

    Donald Trump will leave office setting new records for debt and deficits.

    The history of the last forty years make it plain that the only time that R’s are really interested in fiscal responsibility is when the other guy is in the White House.

    You aren’t hearing one word about Trump’s deficits from the likes of McConnell, Scalise, Limbaugh or Hammity,

    But that’s all you heard for any of them from 2009-16.
     
  22. TomFitz

    TomFitz Well-Known Member

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    You’re the ones who bought the Trump promoted myth about his wealth and believed he is a genius because he sits on a gold toilet seat.

    And now,that the truth is inescapable, you try and dismiss it as “old news”.

    This isn’t the first time right wingers used that “old news” dodge to try and avoid admitting that they had been conned yet again.
     
    Last edited: May 11, 2019
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  23. TurnerAshby

    TurnerAshby Well-Known Member

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    I’m not trying to dismiss it as old news I am dismissing it because it is old news........ What’s that date below say????? October 3 2016

    Donald Trump’s Business Decisions in ’80s Nearly Led Him to Ruin

    Oct. 3, 2016

    “Abraham Wallach thought he had scored a major career break when Donald J. Trump hired him in 1990 for a senior executive role. Based on Mr. Trump’s boasting and gaudy lifestyle, Mr. Wallach imagined he would soon be leading impressive construction projects around the globe.”

    Instead, he found an array of failing enterprises, he recalled on Monday. Many top executives had departed the Trump Organization, and those who remained were often huddled in closed-door meetings with bankers and whispering worriedly among themselves.


    “The full magnitude of the financial hemorrhaging was a closely held secret until this weekend, when The New York Times published portions of Mr. Trump’s 1995 tax records that showed business losses of $916 million, creating a tax deduction that could have allowed him to legally avoid paying any federal income taxes for up to 18 years.”

    “For a single businessman to declare losses approaching $1 billion is so extraordinary that it caused several accountants and lawyers consulted by The Times to blanch.”


    https://www.google.com/amp/s/www.nytimes.com/2016/10/04/nyregion/donald-trump-taxes-debt.amp.html
     
    AFM likes this.
  24. AFM

    AFM Well-Known Member Past Donor

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    The story is that Trump took a business in deep financial trouble and turned it around into a great success. He wrote a book about it and the story was the basis for the Apprentice reality TV show.
     
  25. TurnerAshby

    TurnerAshby Well-Known Member

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    Ny times be like:

    “Breaking news read all about it here’s a story we recycled from 2 1/2 years ago and slightly re worded it...... Breaking news!!”
     

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