Here’s a little mid-week Trump fuckery recap:

About the last bullet point, why is Donnie so hell-bent on blocking the public from seeing his finances? Because he’s a fraud.

The biggest money loser in America

NYTimes reported that according to Trump’s official IRS transcripts for years 1985 through 1994, he lost money every year during the 10-year period. His total losses for the decade? $1.17 billion.

In 1985, only three individual taxpayers in the IRS database lost more money than Trump. In 1987, the same year he put out the book “The Art of the Deal”, Trump lost $42.2M. Master dealmaker, huh?

Donnie stepped his money-losing game up in 1990 and 1991, he lost more than $250 mil each year — more than double those of the nearest taxpayers in the database for the same period.

Trump, the tax-fraud sportsman

In response to the NYTimes report, Trump yesterday casually admitted that he was gaming the tax system, tweeting “it was sport” for real estate developers to show losses for tax purposes. Which is basically saying, “Nah, I didn’t lose that much money. I cheated on my taxes, tho”.

Trump’s former lawyer Michael Cohen, when grilled by Alexandria Ocasio Cortez during his testimony back in February, confessed that Trump inflated the value of his assets to get loans (that’s bank fraud, a crime) and then deflated the value of his assets when it was time to file for taxes (that’s tax fraud, also a crime).

In normal, functioning countries, committing tax crimes should be a death sentence for your political career. In 2016, Iceland Prime Minister Sigmundur Davíð Gunnlaugsson was forced to step down when his tax evasions were revealed. In America, though, 91% of Republicans support Trump according to the most recent poll.

He can. Because White Privilege.

NY Senate strikes back?

In the midst of all this drama, NY Senate yesterday passed a bill that would allow the Congress to see Trump’s state tax returns. Trump has been based in NY his whole life so state tax returns should provide at least a glimpse of his real finances. Which is cool, but it looks like getting his federal tax returns might be a long shot, though, as the court battle to get those returns could take months and ultimately end up going all the way up to Supreme Court, where Republican judges enjoy majority control.

 

 

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