Only Two Things Certain with trump: Schadenfreude and Taxes

Note: I just realized a day later that I wrote an earlier report about trump's tax-dodging back in 2016(!!!) that used a similar title to this blog article I wrote yesterday. Dammit. I've been screaming for so long about trump being a tax cheat and con artist that I'm starting to repeat myself!

Anyway, on to the article...

So the big bombshell on Sunday was Buffalo winning its third straight game this NFL season was the New York Times reporting on what they had on donald trump's tax returns. Apparently, they have received verifiable copies of the returns that trump had been keeping out of sight for the last 5 years, and they gave their first - promising more to follow - report on what they found. The rest of what they have is behind a firewall, so I'll go to Betty Cracker at Balloon Juice to help with the schadenfreude:

Also, he wrote off $70K in taxes for hair styling. He wrote off more than $700K in “consulting fees” that suspiciously matched an amount collected by a Ivanka-owned consulting company. I am not a lawyer, but that sounds legally dubious. It may be perfectly legal since our tax code seems designed to allow rich people to perpetuate outrageous scams.

Anyhoo, I’ve long since stopped waiting for any revelation about Trump, no matter how repulsive or ridiculous or outrageous, to make the bottom fall out of his base of support. If 200K-plus dead Americans on his watch — with recorded evidence that he lied to us about the danger — won’t budge the needle, nothing will. Somewhere around 40% of our fellow citizens are dumb and/or malevolent chumps, and they’ll never admit they’ve been conned. Still, being exposed as a fraud has got to be a personal hell for a narcissist like Trump.

Let's go to Tom Sullivan at Hullabaloo for some thoughts:

The Times has obtained what Trump has long sought to keep from investigators: “tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization.”

Trump is deeply in debt. If he loses his dispute with the Internal Revenue Service over the validity of a $72.9 million tax refund, he could owe the government more than $100 million after including interest. He has hundreds of millions in loans coming due in the next few years with no way to repay them. Some he personally guaranteed.

Sunday’s lengthy report is just the overview. There is nothing more on Trump’s financial dealings with Russian oligarchs, but enough to whet the appetite for more. Not to worry. The Times reassures that “additional articles will be published in the coming weeks...” 

(Editor's Note: As I post this blog article, the Times released Part II of their reporting, it seems to involve how NBC's "The Apprentice" kept trump afloat...)

Digby's coverage at Hullabaloo goes into better detail, and I would encourage you to hop over there and read each of the 13 points she makes about how this is a really big fcking deal that trump is in debt up to his bad $70,000.00 haircuts.

To be honest, these revelations aren't shocking to those of us - myself included - who knew for a long time that trump was never honest about his wealth and showed far too many signs of living off massive loans he can't pay off.

What this means to the 2020 election cycle depends entirely on those voters who were still undecided - not that many - and on Republican voters who can't pretend trump is a financial genius anymore - also not that many - and on Democratic voters who have to step up and get the damn vote out - this needs to be as many Dems as possible - to throw this crooked bankrupted fraud out of OUR house.

This almost underscores just how dangerous trump is going to get as he openly plots to subvert the election this November. This is it for him, this performance he has ripping off the federal government from INSIDE the government. There are no other con jobs waiting for him after this. He has no other escape plan from this con he's got going, and once he's outside of the Oval Office he has nowhere to run and hide. This is why he's threatening to pull every authoritarian trick in the books to cheat and stay in office, this is why he's always talking about stealing a third term when the Constitution clearly says Hell No.

There's a couple other things to point out - that our tax code unfairly skews in favor of the so-called wealthy (as well as the real wealthy), and that our legal system unfairly refuses to treat financial fraud as serious as it ought to - but I will leave those rants for another day.

GET THE DAMN VOTE OUT AGAINST THIS BANKRUPT FRAUD, AMERICA.

trump is literally in debt to other people, and those chit-holders are bound to call in their IOUs that will end up hurting us.