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Posted
Just now, Nature Boy Flair said:

Looks like anyone who has been thru the immigration process would no such a basic facts 

how many pages each tax form is? is this like spicer leading off with "lookit how much SMALLER our health bill is, much less PAGES contained than obama's wordy plan - impressive huh, LESS READING"

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Posted (edited)

The only reason Trump would not want to release his tax returns is that he has something to hide.  My feeling it is the embarrassment over not being what he claims to be; Gods gift to the business world.  

 

He paid 38 Million in taxes on 152.7 Million in taxes.  He claims a net worth of 10 Billion dollars.  If that were true he would have a return on assets of 1.52% for 2005 ( not counting the negative income because we dont know for sure where that comes from, if it is a real loss than his ROA is terrible). A five year certificate of deposit in 2005 would have yielded 2.45 annually meaning my Aunt with her conservative  corporate bonds  beat Trump in 2005 by 2 to 3 X.

 

If we use the more realistic estimate of his wealth of 3 billion he returns a more respectable 5 %, but still did not beat my Aunt that year.

 

So either Trump is a liar or he is not really  that great of businessman.  

 

 

Edited by ccneat

ftiq8me9uwr01.jpg

 

 

 

Posted
1 minute ago, ccneat said:

The only reason Trump would not want to release his tax returns is that he has something to hide.  My feeling it is the embarrassment over not being what he claims to be; Gods gift to the business world.  

 

He paid 38 Million in taxes on 152.7 Million in taxes.  He claims a net worth of 10 Billion dollars.  If that were true he would have a return on assets of 1.52% for 2005 ( not counting the negative income because we dont know for sure where that comes from, if it is a real loss than his ROA is terrible). A five year certificate of deposit in 2005 would have yielded 2.45 annually meaning my Aunt with her conservative  corporate bonds  beat Trump in 2005 by 2 to 3 X.

 

If we use the more realistic estimate of his wealth of 3 billion he returns a more respectable 5 %, but still did not beat my Aunt that year.

 

So either Trump is a liar or he is not really at that great of businessman.  

 

 

Cept that personal income and net worth are two very different things. I get tired of winning . This MDL meltdown is like watching the 4 stages of grief 

Filed: IR-1/CR-1 Visa Country: Canada
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Posted
Just now, Nature Boy Flair said:

Cept that personal income and net worth are two very different things. I get tired of winning . This MDL meltdown is like watching the 4 stages of grief 

Yes I understand that concept, you divide one into the other to get a % return value.  Don't they teach economics in America?

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Posted
5 minutes ago, ccneat said:

Yes I understand that concept, you divide one into the other to get a % return value.  Don't they teach economics in America?

1 year is hardly a barometer and you can't tell anything about his net worth from his 1 year personal income 

Filed: IR-1/CR-1 Visa Country: Canada
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Posted
1 minute ago, Nature Boy Flair said:

1 year is hardly a barometer and you can't tell anything about his net worth from his 1 year personal income 

 

In 2005, Year Of Uncovered Tax Returns, Trump Told Forbes His Net Worth Tripled

https://www.forbes.com/sites/chasewithorn/2017/03/15/in-2005-year-of-uncovered-tax-returns-trump-told-forbes-his-net-worth-tripled/#6e06f2ef6156

 

ftiq8me9uwr01.jpg

 

 

 

 

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