The most alarming part about Trump's tax returns: $300 million in debt

This is not just "another" thread about Trump's tax returns (there will be dozens of those). This is about calling attention to the most alarming part. The fact that $300 million in debt are due within the next 4 years.

Now that we know that Trump is broke, we have to wonder how he's going to pay for that. We have heard of possible money laundering schemes he has engaged in in the past. But, the thing we should be most vigilant of is Putin. He can "take care" of that debt easily. But a dictator is not going to do that because he wants Trump to Make America Great Again.

So, when you cast your ballot in November, ask yourself if the prospect of a Russian dictator being the power behind the throne in this country would be agreeable to you.

 

I believe he has $429 Million in personal debt coming due in the next 3 years.

 

Yes. That is more accurate. To Putin that's like the cost of a cheap lay.

 

For four years, Trump supporters have asked about the importance of releasing financial docs. And now we have the definitive answer.

 

Another bankruptcy looms, stiffing his creditors.

 

I've been pondering his financial stability ever since it was reported that he had to renegotiate with his wife to get her and their son to move to the White House after his election and his alleged misappropriation of inaugural and, then, campaign funds. He may be very cash poor and doesn't want that out so he can continue his business ventures unabated.

Nevertheless, I don't find it shocking that he is in so much debt. Many people have absolutely no concept of how to manage their finances. It's irrelevant if they are living paycheck to paycheck or millionaires/billionaires on paper. I know a CPA that buys what she and her spouse wants and files bankruptcy every time she becomes eligible. It's a "way of life" for many. Financial mis-management almost ALWAYS falls back on society.

 

During the 2012 campaign, Trump attacked Obama for not paying enough taxes. The Orange Fraud said it was ridiculous that the leader of the country had “only” paid $162,074 in federal taxes, a 20.5 percent effective tax rate, on his income the prior year of $789,674. “Do as I say not as I do," tweeted Trump.

 

Sounds like another Bernie Madoff case. Eventually, the house of cards comes crashing down. He probably hopes that he either gets another 4 years to avoid the scrutiny, or he kicks the bucket before it happens. Either way, what will his fan club say when eventually the truth will be revealed for all to see?

 

With his holdings, he is far from broke.

 

He has this $429 million in debt on one side. He has Mary Trump's lawsuit on the other.... And he's going to have many many lawsuits when he leaves office. It would appear that selling out his country to Putin would be the clearest way to get out of this one. If he's reelected, what would keep him from doing that?

 

What holdings? Failing golf courses and hotels?

 

https://www.incomeinvestors.com/don..., Inc. (NYSE:PEP) is a multinational... More

 

Do that how?

 

Maybe Trump should hire Biden to make a few shakedown deals like Biden did for his son.

 

So? He can refinance his debt. While I personally do not subscribe to it, there is an investing philosophy in real estate to never pay off debt as the principal you accumulate is money that is not being utilized to create more revenue.

 

After 8 years in the White House Obama buys a $12 million house, so Trump will do just fine after he leaves office.

 

No honest bank will subscribe to it either. Unless somebody like Putin, who does have a solid financial background (i.e. needs money-laundering partners) backs up the debt. But when that happens (and it might have already happened) guess which country has been pawned to a Russian dictator.

 

So? Real estate investors often do have debt. Hell, they even have a formula for it. LINK: Typical Debt-to-Equity (D/E) Ratios for the Real Estate Sector A whole industry was born for real estate debt when the financial crisis hit just as Obama took office. LINK: Real Estate Debt Fund Investing 101

You have nothing here. Debt is part and parcel of a career in real estate investment. Just because you have debt in that career, doesn't mean that you're broke. Indeed the more debt you have the richer you more than likely are provided you do everything correctly.

 

Banks look at revenue and pledged assets. Trump tower is a valuable and profitable enterprise that creates a positive cash flow. That alone gets him a good chunk of the way. Thinks I read somewhere it generates around $80M a year

 

Only while Trump is President. Watch all his illegal emoluments fade away when he's not.

BTW, I'm happy to see you admit that Trump has no respect for the Constitution. Remember when Republicans claimed that they defended the Constitution? Feels like that was in prehistoric times... Now the only thing they defend is "The Leader".

Unrelated question: does anybody know how you say "The Leader" in German?

 

Trump has been a cheap lay for Putin.

I never had any doubt that the Russians will cash him out after he’s out of the White House.

The only question in my mind, is whether Melania will beat them to it!

 

I can't make up my mind if this is a "Donald's tax returns" thread, another "I hate Trump - complaint to follow" thread or another "Russian collusion hoax" thread. We have plenty of all of those though. I suggest you give it a rest and binge watch "Friends".

 

I don't know, but yours is definitely another "You hate Trump, therefore Trump should be forgiven for all his crimes" post.

 

I am not a republican and the Constitution has been effectively dead since long before I was born.

 

He's so broke he does not even take his 400K salary....