The Emperor Has No Clothes!

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Please, don’t make a fuss. It’s just plain yogurt   Mel Brooks   Spaceballs

I have been waiting almost 5 long years to write this article. There were times that I despaired that I’d ever get the chance. But that blessed day has finally arrived. It can finally be conclusively said. Donald Trump is a liar. Donald Trump is a cheat. Donald Trump is a manifest fraud. And best of all, Donald Trump Is A LOSER!

And actually, this isn’t just sour grapes cuz I’m a poor dude…Most of us have already known that Trump was a liar and tax cheat, but hey!, that’s just the way he rolls. No, my extreme disgust is due to a repeated line of pure, total, unadulterated bullshit that he has thrown out there like a real billionaire tossing nickels to street urchins.

For years now, whenever Trump has been pressed on his almost legendary knack for avoiding paying taxes, Trump has had a ready lame, snotty, sarcastic, condescending rejoinder. When he was asked by a reporter what it made him that he was paying less in taxes than somebody working in his mailroom, Trump would sleaze out, It makes me smart. I’m a great businessman. Only a sucker pays one penny more than he has to in taxes, so it makes me smart and a brilliant businessman.

No. NO. NO! I know the point he’s trying to make, and it simply doesn’t apply to Trump! I know lots of guys, well not personally, but by reputation, who can make that argument. Just like Steve Mnuchin. Carl Icahn. Mark Zuckerberg. Those guys can make that argument, Because the point is that when they find sneaky and artistic ways of avoiding paying taxes, when the day is over, the put that money in their fucking pocket!

That’s not the reality when it comes to Donald Trump. When Donald Trump pays no taxes, it isn’t because he is some kind of master embezzler with an accounting savant on his side. It means nothing more, and nothing less than Trump is a broke ass bum! Trump isn’t using next level accounting techniques, he has tens, if not hundreds of millions of dollars going out than are coming in every year. Shit! I can put out a tax form like that, except I’d be doing it from federal prison.

Here’s the problem. Trump himself, and his business actually produce nothing of value. Trump’s wealth is in real estate. He builds physical structures, which actually have a dollar value to them. But here’s the problem when it comes to Trump. Those buildings have almost no fiduciary value to Trump. And that’s because Trump puts almost nothing up front. He arranges the financing, and uses that to put up the building. There’s nothing illegal in that, in fact much of real estate, at least commercial, is done that way. The problem is that Trump never knows when to leave well enough alone. That building has actual, real dollar value. Except that for Trump it doesn’t. Because the first thing that Trump does when a building is completed and open for business, Trump runs right out to a bank and mortgages the thing to the hilt!

This is why the New York Times article is so devastating for Trump. Because it exposes the soft underbelly of Trump’s financial position. The times points out that in the next year or so, Trump has hundred’s of millions of dollars in promissory notes coming due that he personally guaranteed. And there is also the problem that the New York Times pointed out about an IRS audit over a $73 million refund Trump requested and received, and may have been fraudulent. And if the IRS rules against Trump, it could cost him literally $130 million of his own, personal money.

And Trump doesn’t have it. He doesn’t have it because he lavishly spent his money on hand on himself and his indulgences. And you can fuggedabout those buildings he brags about. Because while the buildings may have some equity in them, Trump doesn’t! He immediately took those new buildings and took them to another bank to second mortgage them to the hilt. Trump could sell every property and golf course he owns, but when you subtract not only the mortgage amount due on the original mortgage, but on the second mortgage as well, Trump doesn’t have two nickels to rub together. Look at like playing high stakes games of payday advance loans, Trump is robbing Peter to pay Paul.

This is why I’m so giddy. It’s not just the fact that I always knew that Trump was a broke assa bun, and now it’s being proven, it’s what this means to Trump going forward. And I’m not just talking about the immediate difficulties that this will almost certainly cause him. I have something much more devious and byzantine in mind.

The important thing is that the authorities have the taxes! And those tax returns will show flows of income, both to Trump, as well to his organization. And while any half ass Roy Cohen accountant can hide revenue streams, it gives the state, and even federal authorities, should a sane administration take over next year, a road map to start tracing the actual origins of those streams of revenue. If the Trump organization is nothing more than a giant ruble laundromat, those tax forms give the accountants and investigators a starting place to look to unravel all of those spaghetti strands. The walls haven’t even started to come down yet.

We have had to wait far too long, for a transparent democracy, for this moment. And yet, at long last it is here. If nothing more sinister ever comes to light, at least we have the satisfaction of knowing that, despite his loud and obnoxious bloviating, Trump is nothing more than a broke ass loser. But if some of these strings lead to a ball of yarn, the Secret Service is going to have a hard time filling a Trump protective detail in a federal prison. I’ll just leave it at that.

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30 Comments on "The Emperor Has No Clothes!"

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Cherl Harrell
Guest

I agree, it is MORE THAN TIME for all his financial BS to be revealed.

Concinnity
Guest

The Emperor has no clothes.

And now we can see that he’s not very well endowed.

dana fairfield
Member

Okay, the joke is already old.

Scott Jackson
Guest
I find many on the left promote this false belief that a man’s worth depends on the size of his flaccid penis. Science has proven men at erection are 5″ across the spectrum, & the depth of a vagina at rest is 4″. Those are the facts. Funny how the so called people fighting for justice, equality, & the end of stupid assessments that dehumanize others, feel fine with this trope. And we wonder why Trump is in power. As Dylan’s most famous song says, “how many roads must a man walk down before you call him a man?” I… Read more »
dana fairfield
Member

Thanks, Scott. my sentiments exactly.

blueman
Member

I wish the accountant’s work papers and supporting documents would come out. This is all wonderful, but it is just the surface of the story. This story ain’t over. I’d like to see ALL the bank statements and credit card statements, etc. Oh, Mike said he couldn’t believe the deduction for hair cuts. He said Donnie cut his own hair.

Bareshark
Guest

Christ, Blue, be a LITTLE more patient. NYT has promised more in the pipeline and we’ve already waited nearly four years for this moment. What’s a few more days?

Lil Blue Sock
Member

Dumb Quixote’s big mouth has literally written checks his fat azz can’t back.

Loser.

*condescending smirk*

Bareshark
Guest

Which is why I stopped being afraid of him after two years.

p j evans
Member

One analysis says that after his loans are paid off – that’s just the ones he personally owes – he might have $130 million left. And if he loses the IRS case, that’s almost $73 million he’ll owe, plus penalties and interest, which may take it to $100 million. He would have $30 million left…and I’d bet it’s less than what he owes Melania in the pre-nup.

Bareshark
Guest

And who knows who else he’d owe money to.

LoHa
Member

Well we deserve a little fun after all the shit we’ve been through in the last 5 years.

Bareshark
Guest

Fun is watching him embarrass himself or his idiot supporters turn up in underwhelming numbers. This, my friend, is the beginning of deliverance.

Bareshark
Guest

I too have an article that I am waiting to unleash upon the world at the proper time, Murf. Trump is part of it and I am merely biding my time for certain events to take place and make it timely. So I totally get your giddiness.

Denis Elliott
Member
One of the top golfers ever was Walter Hagan, someone folks who aren’t into golf have probably never heard of since his triumphs (he holds the third most number of Major titles) were a century ago. He’d probably have two or three more except The Master’s came into being when he was in his forties and past his prime. He was brash and something of a character to be sure. A showman who whether in tournaments or the hundreds of exhibitions he played (realizing it was more lucrative than tournament play) wore expensive tailored clothes of the highest quality and… Read more »
Bareshark
Guest

No, Denis, enjoying the upcoming Fall Of The House Of Trump is an act of high humanity that reflects well on you. We’re coming up on the Gotterdamerung of this pathetic creep and I rejoice in seeing him fall.

Denis Elliott
Member

I love the Wagnerian reference given the composer’s personal beliefs which Hitler himself drew upon. As for Trump, he’s a fake god reliant on fake Das Rheingold.

Bareshark
Guest

You can thank Rod Serling for making me think of such for one of my favorite Twilight Zone episodes “Deathshead Revisited”, with the ghost of a Dachau prisoner mocking the “just following orders” by calling the “theme music at Nurnberg, the new lyrics to the Gotterdammerung, the plaintive litany of the Master Race as it lay dying…”

Joseph
Guest
Bear in mind that MOST of Wagner’s “personal beliefs” were little different from many of his contemporaries in Europe AND in America. (Wagner died 5 years before Adolf Hitler was even born. And it’s believed that Hitler didn’t even really become a fan of Wagner’s music until his late 20s or even early 30s.) I mean, Margaret Sanger held some views (regarding eugenics) which were pretty common for her time but they shouldn’t be held against her and her work to HELP women, especially poor women, who were at the mercy of their husbands when it came to sex. And… Read more »
priscianus jr
Member

Isn’t that the one that goes:

“My beer is Rheingold, the dry beer,
Think of Rheingold whenever you buy beer,
It’s not bitter, not sweet,
It’s the dry-flavored treat,
Won’t you try extra dry Rheingold beer?”

Joseph
Guest
“And that there is nothing in the law that prevents a person under audit from releasing their tax returns.” I’ve been saying something like that for over 4 years when Trump first claimed he couldn’t “release” his returns during the original 2016 campaign. The IRS *can’t* release any individual’s tax information during an audit (without some sort of justified court order) but any individual who’s being audited is free to divulge ANY of the information at ANY time during the process. The individual OWNS those documents; it’s true that he has to send in the “original” documents with a tax… Read more »
Roger
Guest

Exactly, Murf. He blew his father’s money by bankrupting a casino. He blew the money he made on the Apprentice by sinking it into money-losing golf courses. He mortgaged what physical assets he had left to keep them afloat. Now he’s out of money, soon to be out of office, facing personal bankruptcy, and looking at spending the rest of his unnatural years in jail. If LOSING was an Olympic sport, he’d have more gold medals than Michael Phelps.

Jessica
Guest

𝙬𝙬𝙬.𝘿𝙧𝙬𝙤𝙧𝙠2.𝘾𝙤𝙢

Paul Wilczynski, Sr.
Guest

Irritating that your copy editor is still asleep at the wheel. You can write like a high school sophomore, but it’s the editor that puts the professional face on your musings.

Bareshark
Guest

You’re obviously new here. Otherwise, you’d know better than to give Murf crap about his glaucoma-induced typos. Bear that in mind going forward, would you?

gettin too old for this sh!t
Member
gettin too old for this sh!t

Thank you, Bareshark. You are much more polite than I.

mb
Member

I agree. Thanks for saying what I was thinking, Old.

dana fairfield
Member
In real estate circles, mortgaging a new building to the hilt is called a “cash-out refinance.” Is is NOT a personally guaranteed loan. The building is the collateral for the loan. Very likely, a lot of the “loss” that allowed him to not pay taxes is depreciation on his properties. When the properties are sold, the depreciation must be added back, so unpaid taxes due to depreciation are more like deferred taxes. You might think why bother to take depreciation if you are going to pay the tax sooner or later anyway. You are required to take depreciation each year.… Read more »
Fred Robinson
Guest

“But if some of these strings lead to a ball of yarn, the Secret Service is going to have a hard time filling a Trump protective detail in a federal prison.”

Thank God, if he is convicted, there won’t be any protective detail. nor any percs enjoyed by past presidents. But who knows . . .maybe he can receive regular family visits . . from Ivanka and company, over there in the next cell(s)

dana fairfield
Member
While Trump paying no taxes for all these years is shocking, his supporters think it just means it is just as he said about himself in the 2016 debates when he said it shows he is smart. They don’t care about Trump ripping off the government. They wish they could. But the tax news does have a nugget that his supporters might care about. https://www.youtube.com/watch?v=doENavQOvmc Personally, I think Beau (in the video) is mischaracterizing the nature of the losses, but I think he is doing so in good faith. A lot of people do not understand how depreciation can produce… Read more »