Opinion: Stunning new revelations underscore urgency of getting Trump’s tax returns
By Paul Waldman Paul Waldman Opinion writer covering politics Email Bio Follow Opinion writer May 8 at 12:59 PM In 2011, Donald Trump agreed to be roasted by Comedy Central, with one stipulation for the show. The comedians participating could joke about just about anything, including his hair, his racism and even the idea that he lusted after his own daughter.
The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade. The documents cover only the broad picture of Trump’s income and losses in those years, not the details. But they demonstrate once again why it is so critical that the public obtain his full tax returns for more recent years. As Trump fights like a cornered mongoose to keep those returns secret, these documents offer hints about what exactly he’s trying to conceal.
To understand why, you have to remember that the Trump Organization is not an ordinary corporation in the way you might think of it. In fact, it is an amalgam of approximately 500 separate partnerships and pass-through companies . If we had Trump’s returns, each of those arrangements could be investigated, and no one who has reported on Trump’s business activities would say there aren’t shocking things to discover.
....you would get it by building, or even buying. You always wanted to show losses for tax purposes....almost all real estate developers did - and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job! Did he? We don’t know. We do know, however, that Trump believes paying taxes makes you a sucker. When Hillary Clinton suggested that he wasn’t paying any taxes, he responded, “That makes me smart.”
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