By John Besley, Associate Professor of Advertising and Public Relations, Michigan State University, Aaron M. McCright, Associate Professor of Sociology, Michigan State University, Kevin Elliott, Associate Professor of Fisheries & Wildlife and Philosophy, Michigan State University, Nagwan Zahry, PhD Student in Media and Information Studies, Michigan State University, and Joseph D. Martin, Fellow-in-Residence at the Consortium…ADVERTISEMENT
Never-before-seen tax docs show Trump’s businesses made themselves seem more profitable to lenders and less profitable to tax officials
Documents obtained by ProPublica show stark differences in how Donald Trump’s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings’ property tax.
For instance, Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street.
‘Make it a twofer’: Trump brutally mocked after claiming ‘rumor has it’ CNN’s president will resign ‘momentarily’
President Donald Trump unleashed his second attack on the media over the course of less than 24 hours, this time attacking his top news target, CNN, as "a virtual fraud." The president also claimed "rumor has it" CNN's president, Jeff Zucker, "will be resigining momentarily?" (The typo is Mr. Trump's.)
Now that we have found out that @CNN is a virtual fraud, rumor has it that Jeff Zucker will be resigining momentarily?
— Donald J. Trump (@realDonaldTrump) October 15, 2019