Countdown 34 Day Election

California 4 days until early voting

TRUMP AND HIS TAXES                                                                         

His income tax returns the NY Times have revealed show he is unfit to even hold the lowest level of security clearance and would be considered a security risk if he had to apply for any such clearance. Trump’s long concealed records show chronic losses and years of tax avoidance.

The NYTimes said they obtained 20 years of Trump tax records and reported: “As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed.”…”Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses.  An adverse ruling could cost him $100 million.”

His taxes also revealed in both 2016 and 2017 he paid only $750 each year. He paid no income taxes at all for 10 of the previous 15 years largely because he claimed he lost more than he made. Nice work if you can get it.

The article goes on “Mr. Trump has reported losses at many of his signature properties including $55.5 million at his Washington hotel and since it opened in 2016, and $315.6 million at his prized golf resorts since 2000.”….’He appears to have sold off most of his stocks and has relied heavily on debt,  More than $300 million in loans he personally guaranteed and will come due soon.”

“With financial challenges mounting, Mr. Trump depends on businesses that can pose a conflict of interest.  His properties have become bazaars for collecting money from foreign officials.  And earned millions in licensing fees from international projects in his first two years in office, including $3 million from the Philippines, $2.3 million from India, and $1 million from Turkey.”  He also paid more in taxes to these countries and panama over $300.000 that’s more than he did in the United States during that time.  That’s Trump making America first-Rah!

In other news about Trump’s finances show that Trump made $427 million in reality TV in The Apprentice and in another NY Times article revealed…”the influx of cash helped finance a buying spree that saw him snap up golf resorts, a business not known for easy profits…the tax records show that his golf properties have been hemorrhaging millions of dollars for years.”  During this time he put his name on mattresses, cologne, steaks, wine, laundry detergent, a University and more. 

The NYTimes on the $427 million went on to say: ”While the returns show that he earned some $197 million directly from ‘The Apprentice’ over 16 Years—roughly in line with what he claimed—they also reveal that an additional $230 million flowed from the fame associated with it.”…”There were seven-figure licensing deals with hotel builders, some with murky backgrounds, in former Soviet republics and other developing countries.  And there were schemes that exploited misplaced trust in the TV version of Mr. Trump, who, off camera, peddled worthless get rich-quick seminars.”

Due to The Apprentice he made money for the first time in years.  NYTimes reported: “He made so much that over three years he paid a total of $70.1 million in income taxes (later refunded, with interest, via aggressive accounting maneuver now under audit).”  Trump is not a business man nor is he a builder he is a promoter, primairly promoting himself and his brand.  The businesses he actually ran created the debt which was offset by licensing agreements, “The Apprentice” and investments made with other partners.

The security concerns do not go away with the defeat of Trump.  He owes money and he has valuable secrets.  Could he be compromised?  Would he sell out the United States?  Would he commit treason to nullify his debts? 

What these tax revelations show is that he is a fraud, a snake oil salesman, and a self- promoter that has boasted for 40 years of being something he is not.  His poor business decisions have led to hemorrhaging cash on his signature properties-golf courses.  His only hope is convincing localities to re-designate the zoning for his golf courses and then develop the prime real estate.  To do this he needs to buy off local politicians to change zoning.

Vote him out!