Does the new Trump tax information mean anything?

“Why do you think Trump was reluctant to release his taxes?”

Nobody wants to pay money to sign up for “Trump University” when his name is synonymous with inheriting hundreds of millions of dollars from daddy and squandering it on bad investments—the spoiled, incompetent son of an actual, successful, self-made man. The “Trump” brand is built on the idea of success. If that idea is replaced with the “Emperor Has No Clothes” image, then it’s worthless.

It means nothing to me as anyone in big business knows bankruptcy is used for many reasons, not always negative. Often companies are simply restructuring debt to gain operating cash, reorganize, etc…

I don’t think he was reluctant to release them, I think that was played up to make the liberals think he was reluctant. Political machinations.

I don’t think it will affect his voters at all, big business is known for this kind of thing.
People who are more centrists could buy into it, but I doubt it.
Liberals were never voting for him anyway, so as we see even on this site, it simply gives them a false sense of assurance that ‘they were right’, and changes nothing.

If nothing else, it slams the door on any question of Trump’s acumen as a LEGITIMATE businessman. No more “He’ll be a great President because he understands business”

@KNOWITALL Is there any hypothetical financial document that if released would ever convince you that Trump is bad at business? e.g. all bank records, full tax returns, or history of bad stock trading? In other words, is the belief in Trump as a successful businessman falsifiable to you?

I mean passing the slew of bankruptcies and lawsuits off as shrewd business maneuvers. It’s all coming apart for the fool. I almost feel sorry for him.

@gorillapaws Rather than answering a question that doesn’t really matter to his voters, I will say that he was elected because he wasn’t an establishment politician.

But for the record we’ll use Apple as one example of how bankruptcy isn’t always a negative for a business.

Apple shares opened the first day of 2019 trading at $154.89 a share, down about 2 percent, but recovered to close slightly positive.
https://www.cnbc.com/2019/01/02/these-are-the-three-big-questions-facing-apple-in-2019-analyst-says.html

The Bottom Line
Bankruptcy is often the end of a company, but it doesn’t have to be in every case. The companies in the list above have re-emerged from bankruptcy to become profitable and successful. As an investor, it is useful to note that bankruptcy isn’t always the end of the line for a company, and that through buying shares of companies as they emerge from bankruptcy, reorganization can be a potential source of excess returns.

The final possibility Daryanani explored is how Apple shares’ recent fall in price could “cause the company to rethink or tweak capital allocation,” he said. Apple could increase its dividend, Daryanani said, or even make “a stronger case for M&A” thanks to “more amenable” market valuations.
https://www.investopedia.com/articles/personal-finance/051115/7-bankrupt-companies-came-back.asp

@KNOWITALL Forgive me, but I’m struggling to follow your logic. Apple has never filed for bankruptcy and what does increasing their dividends have to do with anything? I think you’re trying to make the point that Bankruptcy can be a wise tactical choice for a company to emerge stronger. I agree with this. That doesn’t mean that a leader who drove a company into bankruptcy is a talented businessperson though. Trump has filed bankruptcy 6 times. He has consistently lost money over his life.

What is the objective standard for business success? If losses and bankruptcies can be twisted as being the maneuvers of strategic mastermind of a business genius (while his father happened to be doing well in the same industry at that time), then what does it take to be considered a failure in your eyes?

Those are excellent points and well worthy of consideration. The striking thing about every one of Trump’s business failures is that just as with his Presidency, they are all about endeavors with which he hasn’t a fkn clue. I mean Trump University? The absurdity of Trump at the head of an institution of learning is beyond ludicrous. To describe the current Presidency as intellectually bankrupt is understatement on Trump’s best day in office. Now we must endure the unraveling of just how huge a mistake we’ve made.

@gorillapaws They were on the verge in 1997, but yes, it can be a wise choice for a company to ‘start again’.

Again, he wasn’t hired by the American people to the be President because of his businesses, but because his voters were tired of the status quo.

My answer is that it really only matters to a few of you, from what I hear, here in Trump country.

He still shows he is going bankrupt as President with, is it 10,000 documented lies? ?

Oh @KNOWITALL the Electoral College, elected him he didn’t get the majority vote.

Now he going to get his AG impeached and the GOP will likely let Barr get impeached. They want to get reelected in the fall

@KNOWITALL Ok, let’s say trump not paying taxes was a stroke of “genius.” That’s a stretch, but let’s call it that.

Can you put any kind of spin on the fact that trump didn’t pay many of his bills, which caused at least one small business to go under. ”Edward’s son, Paul, who was the firm’s accountant, still remembers the amount of that bill more than 30 years later: $83,600. The reason: the money never came. “That began the demise of the Edward J. Friel Company… which has been around since my grandfather,” he said.”.

Also ”Trump’s companies have also been cited for 24 violations of the Fair Labor Standards Act since 2005 for failing to pay overtime or minimum wage, according to U.S. Department of Labor data. ”

There is more. I’m really trying but I can’t just can’t see the genius that trump supporters see is such deplorable behavior.

lol, what you guys don’t understand about the Trumpers is that this is all the past and while it may tweak them, it doesn’t matter to them. Like the Kavanaugh debacle. We all know Trump was tight with the Clintons and he played the game, just like they did, sometimes getting dirty, just like them and their foundation. Fact is, he has made many of his voters very happy with several big plays, so changing their minds will not be easy.

Thus my continued answer to the OP, it doesn’t matter.

It’s all past? His past speaks to his character today. He’s scum.

I think you’re probably right. Few minds will probably be changed through the growing list of revelations on Trump. If by now, you find Trump suitable, the validity of evidence against him is irrelevant.

It’s a form of insanity, really. We need to tell all the trumpers that eating raw marmot guts is good for them.