Link to SEC Edgar Database for 2005 10K filing for TRUMP ENTERTAINMENT RESORTS, INC. (and affiliates):  https://www.sec.gov/Archives/edgar/data/943320/000119312506053345/d10k.htm

PS I have a snip for the Resorts P&L for 2002, 2003, 2004 &2005 from the 10K filing described above (all public documents).  It is a little hard to read.  If you want the source doc then go to p.22 of the above 10K filing (linked above).

lord_pabulum said:
Many corporations don't pay federal taxes either.  Besides those suffering from TDS; How does Trump paying no federal taxes for eight of ten years a couple of decades ago effect the average American? 

 Um, a decade in the red, eh? Like helping to pay for infrastructure, education, our nation's needs? While he was announcing how great his businesses were doing? HE is a hoax. He knows that word,doesnt he???

Red_Barchetta said:
  Hopefully this will show some of his supporters who he really is.  

 They won't care

peaceinourtime said:

lord_pabulum said:
Many corporations don't pay federal taxes either.  Besides those suffering from TDS; How does Trump paying no federal taxes for eight of ten years a couple of decades ago effect the average American? 

 Um, a decade in the red, eh? Like helping to pay for infrastructure, education, our nation's needs? While he was announcing how great his businesses were doing? HE is a hoax. He knows that word,doesnt he???

 Tesla has been generating losses for many years (except one year).  See https://ycharts.com/companies/TSLA/net_income  How much longer does Musk have to keep this going before we call stink on Tesla?

Q: Should companies who have no income pay income taxes?

A: (my response):  generally no.

lord_pabulum said:
Many corporations don't pay federal taxes either.  Besides those suffering from TDS; How does Trump paying no federal taxes for eight of ten years a couple of decades ago effect the average American? 

 Mostly it comes in the form of chafing. 

terp said:
 Mostly it comes in the form of chafing. 

 Laugh it off, man. If I were a trumpie, I'd be pretty nervous right now.

lord_pabulum said:
Many corporations don't pay federal taxes either.  Besides those suffering from TDS; How does Trump paying no federal taxes for eight of ten years a couple of decades ago effect the average American? 

 wow. Is that the standard now? Whether some piece of lawlessness by our Prez has personally affected us?

Sometimes you really exemplify your handle. This is one of them.

drummerboy said:
 wow. Is that the standard now? Whether some piece of lawlessness by our Prez has personally affected us?
Sometimes you really exemplify your handle. This is one of them.

Yeah, "Let me just rip you off a bit. It'll be fine. You wont feel a thing!

the fact that Trump wasn't paying taxes for those years is not relevant.  If he wasn't making money, he didn't owe anything.  And the fact that he wasn't the great deal maker and he was losing tons of money isn't that relevant now.  Four years ago such an investigation, along with the NYT's earlier investigation into the Trump family's finances all the way back to Fred's sleaziness, might have derailed Trump's candidacy.  How many of his supporters were behind him because they actually thought Trump was fabulously wealthy, tremendously successful, and a brilliant deal maker?  How many of them would have voted for him in the primaries if they had known his career was a series of failures until he got paid millions to host a silly game show and pretend to be a savvy business titan?

Now, it's not going to change anyone's mind about anything.

drummerboy said:

lord_pabulum said:
Many corporations don't pay federal taxes either.  Besides those suffering from TDS; How does Trump paying no federal taxes for eight of ten years a couple of decades ago effect the average American? 

 wow. Is that the standard now? Whether some piece of lawlessness by our Prez has personally affected us?
Sometimes you really exemplify your handle. This is one of them.

Based on the NYT information on the 1985-1986 federal tax returns, please point out the lawlessness.  Then, when you've failed at that, maybe you can answer the question above - How does Trump paying no federal taxes for eight of ten years a couple of decades ago effect the average American? 

sure, "lawlessness" was a stretch. sue me. (as if an audit of those returns wouldn't actually produce evidence of lawlessness)

It doesn't make your main point any less pablumatic.

peaceinourtime said:
 Laugh it off, man. If I were a trumpie, I'd be pretty nervous right now.

The issue here is not whether he broke a few rules, or took a few liberties with his tax returns—he did. [winks] But you can't hold a whole party responsible for the behavior of a few, sick perverted individuals. For if you do, then shouldn't we blame the whole 2 party system? And if the whole political system is guilty, then isn't this an indictment of our government institutions in general? I put it to you, Lord P: isn't this an indictment of our entire American society? Well, you can do what you you want to us, but we're not going to sit here and listen to you badmouth the United States of America. Gentlemen!

*Marches out to the battle hymn of the republic*

drummerboy said:
sure, "lawlessness" was a stretch. sue me. (as if an audit of those returns wouldn't actually produce evidence of lawlessness)

It doesn't make your main point any less pablumatic.

 I'm used to you not standing by your comments and being ad hominem.

terp said:

peaceinourtime said:
 Laugh it off, man. If I were a trumpie, I'd be pretty nervous right now.

The issue here is not whether he broke a few rules, or took a few liberties with his tax returns—he did. [winks] But you can't hold a whole party responsible for the behavior of a few, sick perverted individuals. For if you do, then shouldn't we blame the whole 2 party system? And if the whole political system is guilty, then isn't this an indictment of our government institutions in general? I put it to you, Lord P: isn't this an indictment of our entire American society? Well, you can do what you you want to us, but we're not going to sit here and listen to you badmouth the United States of America. Gentlemen!
*Marches out to the battle hymn of the republic*

 What or who are you responding to?

drummerboy said:
sure, "lawlessness" was a stretch. sue me. (as if an audit of those returns wouldn't actually produce evidence of lawlessness)

It doesn't make your main point any less pablumatic.

You are in rare territory where you come to such a conclusion before having a basis for investigation (let alone an investigation).  As you know there are many people who have the tendency to want to punish even before making sure of guilt.  This human phenomenon is satirized by Lewis Carroll in following passage from Alice's Adventures in Wonderland:

"Let the jury consider their verdict,’ the King said, for about the twentieth time that day.  `No, no!’ said the Queen. `Sentence first–verdict afterwards.’

`Stuff and nonsense!’ said Alice loudly. `The idea of having the sentence first!’  `Hold your tongue!’ said the Queen, turning purple.  'I won’t!’ said Alice.  `Off with her head!’ the Queen shouted at the top of her voice.

See https://ellenbrown.com/2015/06/21/sentence-first-verdict-afterwards-the-alice-in-wonderland-world-of-fast-tracked-secret-trade-agreements/

ml1 said:
the fact that Trump wasn't paying taxes for those years is not relevant.  If he wasn't making money, he didn't owe anything.  And the fact that he wasn't the great deal maker and he was losing tons of money isn't that relevant now.  Four years ago such an investigation, along with the NYT's earlier investigation into the Trump family's finances all the way back to Fred's sleaziness, might have derailed Trump's candidacy.  How many of his supporters were behind him because they actually thought Trump was fabulously wealthy, tremendously successful, and a brilliant deal maker?  How many of them would have voted for him in the primaries if they had known his career was a series of failures until he got paid millions to host a silly game show and pretend to be a savvy business titan?
Now, it's not going to change anyone's mind about anything.

 I agree with your first two sentences but not the rest. I think many people who voted for Trump did so in part because they believed him to be a successful businessman. He was not and perhaps if some of his GOP opponents had hammered that point theymight have succeeded in having someone else nominated..

STANV said:
 I agree with your first two sentences but not the rest. I think many people who voted for Trump did so in part because they believed him to be a successful businessman. He was not and perhaps if some of his GOP opponents had hammered that point theymight have succeeded in having someone else nominated..

 I thought that's what I was saying 

terp said:
The issue here is not whether he broke a few rules, or took a few liberties with his tax returns—he did. [winks] But you can't hold a whole party responsible for the behavior of a few, sick perverted individuals. For if you do, then shouldn't we blame the whole 2 party system? And if the whole political system is guilty, then isn't this an indictment of our government institutions in general? I put it to you, Lord P: isn't this an indictment of our entire American society? Well, you can do what you you want to us, but we're not going to sit here and listen to you badmouth the United States of America. Gentlemen!
*Marches out to the battle hymn of the republic*

 Didn't I see that scene in Animal House?

drummerboy said:
sure, "lawlessness" was a stretch. sue me. (as if an audit of those returns wouldn't actually produce evidence of lawlessness)

It doesn't make your main point any less pablumatic.

 From the IRS website:

"An IRS audit is a review/examination of an organization's or individual's accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct."

It's hard to imagine that any of those years were not audited given the size of the losses and complexity of the transactions he entered into and we don't really know whether the transcripts are of his originally filed returns or post audit adjustments.  If he was, in fact, audited by the IRS and they accepted those losses then by their own definition he filed the his returns in accordance with the tax laws.  And if the IRS did make adjustments to his return, and I would bet my life savings that they did, it doesn't mean that laws were broken.  It just means that his lawyers and accountants didn't interpret the tax laws the way the IRS did.  Doesn't make it a crime.  Since he is not in jail and has never been convicted of tax evasion or tax fraud one can assume that there was nothing illegal about the way he filed his returns.  His lawyers and accountants did their jobs and did them well apparently.  The thing that is amusing about this whole charade is that he probably knows less than 1% about what's actually in his returns.

That said, most people knew he was a buffoon and a fraud, especially if you were paying attention during the 80s and 90s so as ML1 says, none of this is new information and likely it won't sway anyone's image of him.  Which is why the best thing he could do right now is release his returns.  Everyone knows he's not the multi-billionaire he claims to be.

I guess MSNYTfowars finally got around to reading How to Get Rich by Donald J. Trump.

https://youtu.be/8fr7u3jXnw4

sportsnut said:

That said, most people knew he was a buffoon and a fraud, especially if you were paying attention during the 80s and 90s so as ML1 says, none of this is new information and likely it won't sway anyone's image of him.  Which is why the best thing he could do right now is release his returns.  Everyone knows he's not the multi-billionaire he claims to be.

Probably most people didn't know he was a buffoon and a fraud.  He was that successful businessman on "The Apprentice" for them.  We're more aware of his history than the rest of the country.

mrincredible said:

Morganna said:
0 zip nada.

 Which I think was pretty much his income in the 80s and 90s.

 He had plenty of income.  He just used tax code to his advantage to not pay taxes.

yahooyahoo said:

mrincredible said:

Morganna said:
0 zip nada.

 Which I think was pretty much his income in the 80s and 90s.

 He had plenty of income.  He just used tax code to his advantage to not pay taxes.

Kings and emperors are tax-exempt, don't people know that?

basil said:

yahooyahoo said:

mrincredible said:

Morganna said:
0 zip nada.

 Which I think was pretty much his income in the 80s and 90s.

 He had plenty of income.  He just used tax code to his advantage to not pay taxes.

Kings and emperors are tax-exempt, don't people know that?

Naturally. The tax code is written to advantage certain classes. Not the middle class.

It doesn't matter who wrote them, Democrat or Republican. When someone like Pelosi says they're for the middle class, remember, she helped write these tax laws. Both parties work mightily to tax advantage the rich.

Leona Helmsley - "Only the little people pay taxes" 

Some of Trump's base are more aroused by imagining "not paying taxes" than they are about imagining "banging a porn star".

nohero said:
Some of Trump's base are more aroused by imagining "not paying taxes" than they are about imagining "banging a porn star".

And this was the best analogy you could think of?

basil said:

nohero said:
Some of Trump's base are more aroused by imagining "not paying taxes" than they are about imagining "banging a porn star".

And this was the best analogy you could think of?

 It's not an analogy, it's a statement of fact re: their views of screwing the IRS vs. screwing Stormy Daniels.    

yahooyahoo said:
 He had plenty of income.  He just used tax code to his advantage to not pay taxes.

 Do we know that from the released transcripts?  

nohero said:

basil said:

nohero said:
Some of Trump's base are more aroused by imagining "not paying taxes" than they are about imagining "banging a porn star".

And this was the best analogy you could think of?

 It's not an analogy, it's a statement of fact re: their views of screwing the IRS vs. screwing Stormy Daniels.    

Well, all I can say is that the IRS ages a lot better than Stormy

basil said:
Well, all I can say is that the IRS ages a lot better than Stormy

 Can I just stop you there?

(Don't scroll down if at work)








Okay, now the pictures -