All politicians lie.

It is what makes them politicians.

Trump's biggest problem is that he is such a poor liar. Fortunately for him, his supporters are so incredibly stupid that they can't tell a lie from a lump of lard.

 

Political people have to sets of returns the one the file the other we see

 

That's right. Trump supporters, that wide swath of truck driving, gun toting, beer drinking, uneducated, unwashed, trailer dwelling, genetically ambiguous, gaping hinds in flyover country are so incredibly stupid Trump can tell them anything and they just nod their heads in agreement.
Betcha.
And when Hillary Clinton called them "deplorables", they rose up and handed Donald Trump the oval office. They slid the throne right out from under Hillary, the throne she had been PROMISED, the throne she was DESTINED to ascend, and gave it to Trump.
That's how incredibly stupid they are. They bested the well oiled, smooth running despicable political machine and sent Hilary packing.

Well, no problem. The election approaches, and the despicables have ............... BIDEN!
That'll fix that rascal Trump!
Biden!

 

sigh

Okay. You need lessons, apparently. And these are my own words, not a selective (and irrelevant, in my view, but whatever) copy and paste job, based on considerable experience in the field. My expertise leans more heavily toward real estate, mind you, but often a buyer is looking to buy bricks and mortar plus a business, so I've had more than my fair share of that valuation exercise, as well.

So, in general, the elements considered whilst conducting a business valuation:

• Tangible and intangible assets. Tangible being things such as real estate, equipment, cash, inventory. Intangible being human resources with significant industry expertise, product and/or brand profile, traffic on a web site, that sort of thing
• Determining the discretionary earnings of the owner/seller - that's pretax income before expenses, and all of the one-time or short-term expenses that aren't cyclical or repeating
• Industry and the profile of the business versus competitors - some industries are simply more profitable than others, some have larger potential for growth, etc., industry outlook
• Age of business
• Growth projections and trends
• Geographic trends - things like determining whether or not trying to sell ice to the Inuit is smart
• Last 12 months' worth of sales and profit statements
• Business model

That's not exactly a comprehensive list, but if I was asked to contribute to an evaluation, those are the things I'd gather first. Notably, it's widely understood that using income numbers from a business' tax return grossly underestimates how much revenue a business actually produces. So I don't even look at tax returns.

So what we do is we look at all of the discretionary earnings number, and we multiply that by industry; medical services are more stable and tend to make more money that small bookstores, right? There's an actual industry multiplier, no shit. Then we add all the tangible and intangible assets. Stock, equipment, real estate, brand value, etc. Then we subtract all the liabilities - accounts payable, taxes owed, accrued shit like lease expenses and outstanding contracts, etc. Then you got yourself a business valuation.

Insurance companies look at - depending on the coverage you want/need - hard cost and replacement value of things, business income exposure, determining how long it'll take to replace everything if it goes up in smoke, and how much replacement income will be necessary if an insurance claim is made, estimated income for the upcoming year, shit like that. To do all of that they look at your books and calculate your pre-tax income.

Now, the IRS? Well, I don't pretend to know how the IRS calculates value, necessarily. But according to the examining process in the business valuation guidelines it goes something like this:

(Sounds a lot like what I said earlier, oddly enough, but anyway.)

Now. That was a lot.

And it was all fucking irrelevant to the point, which is: if Trump deliberately overvalued his business for the purposes of insuring them or claiming losses, it's insurance fraud. If Trump deliberately overvalued his businesses for the purposes of obtaining financing, that's bank fraud. And, obviously, if Trump misreported the value of his assets in order to underrepresent its profit and loss statements, which are used to determine taxes, then that's tax fraud.

And the nature of the wild variation between those reported numbers for the same businesses gives any person with any fucking common sense in their head reason to be interested in how those wildly varied numbers got reported. Like, maybe there was some fudging of those numbers, eh? And if there was, that goose is, dear friends and neighbours, cooked.

Class dismissed.

 

Leaking The Pentagon Papers to The New York Times was illegal too. Daniel Ellsberg got away with it. Leaking the Pentagon Papers set in motion the events that destroyed the Nixon administration. We should keep in mind that in 1972 Richard Nixon was reelected in a landslide. In 2016 Donald Trump lost the popular vote to Hillary Clinton. He has never had majority support. This makes Trump much more vulnerable.

 

Maybe there isn't any problem about who gave the Times what! Trump said the info is all lies so nothing was leaked, apparently it was all made up by the NYT.

 

Ya know...you have some of the best threads on this site...probably best you continue advancing those threads as you do on a daily basis..

Trump got elected because he isn't a politician, I wont say that the man is 100% truthful....but the man is 100% effective, cuz you folks are still butthurt over the Hillary loss back about '16.

You 'spect Biden will take Trump to the wood shed?...give him a good what for?...or will Biden start stuttering right out of the gate?

 

The public interest argument will supercede everything else unless the papers are fake in which case Trump need only release the real tax returns.

Thinskin

 

Got elected the first time without releasing them...those that want to see them aren't voting for him no how....so, essentially...fuck all and suck it.

 

To bad this is a totally different situation so like always your cherry picked facts don't apply. For it's not dirty government secrets being released but instead private information of a US citizen. So guess what if someone in the government did leak the private information of any US citizen that's a crime that should not be tolerated just because you are a hypocrite that believes only people you don't like or agree with are entitled to the same rights as those you do.

 

Trumps tax returns...the dems eternal hail Mary....somethin' from nothin', always leaves nothin'

 

If, as seems likely, Trump is massively in debt to people we do not even know, that would make him ineligible for quite a few government jobs. It should make him ineligible for the presidency.

 

Damn Thinskin this is some really fine work here. You have to be really tracking this out into the weeds to know this many details. And I assure it is far more than most Americans know.

But we are seeing some things like this. Even of Fox News.

Fox News host to Mike Pence: ‘Which is it, a totally fake news story or illegally obtained documents?’

https://www.rawstory.com/2020/09/fo...e-news-story-or-illegally-obtained-documents/

 

$400 million of debt is nothing if an organization has assets of $10 billion.

You're a big fan of spending money, tax payers money that is.

The U.S. National debt is $26.8 Trillion...U.S. National assets sit at $124.3 Trillion.

Debt to asset ratios.

 

I really don't care about Trump's tax returns. I am much more concerned about how the squatters in Congress make $174,000 a year, complain they can't live decently on that income, yet become super-millionaires. In my previous employment, we had a saying, "You will never be a rich cop if you are an honest cop." Perhaps we should apply the saying to Congresspersons. It is my sincere feeling that the time has come, yea, even passed, for term limits for Congresspersons. They should have been put in place at the same time as the term limits for the president, and for the same reason.

 

No truer words have been said my friend. They are all lawyers, they write the laws, make the laws, and break the laws. They thought with Trump they were getting the mother of all dragons who would break the wheel, instead they got the mad king.

 

There is no reason to be concerned about anyone's tax returns, this is just the way that the leftists continue on with class warfare and emphasizing even more divisiveness.

As far as term limits, the term limits are at the Voting Booths, find better potential candidates to oust the incumbents.

There is no way in smoking hell that Congress will place more limitations on their 'career'.

The 22nd Amendment should have never been ratified, it only limited the power of the voters, giving the federal fucking government more power over the people...just like the 18th did, it gave power to the federal fucking government.

The people hold the power, the federal fucking government is not supposed to hold that power.

 

Wonder it I could get the name of Trumps accountant, I dont think H&R Block is doing enough for me

 

...He's a Liar...Deutsche Bank......He's a Liar...Tax returns...He's a liar...Russia/Putin election collusion...He's a liar...dropped the ball on CoVid...He's a Liar...Impeachment...He's a Liar...

Have I covered about everything?