Thread by @DrDenaGrayson

🚨BREAKING: self-claimed “billionaire” @realDonaldTrump paid only $750 in federal income taxes in both 2016 and 2017.

Trump paid ZERO income taxes in 10 of the previous 15 years—largely because he *reported LOSING much more money than he made*.

#Fraud
nytimes.com/interactive/20…

🔥The @nytimes **GOT TRUMP’s #TaxReturns extending over more than two decades** for Trump personally and the hundreds of companies that make up his business organization, including detailed information from his first two years in office.💥

https://twitter.com/drdenagrayson/status/1310328546422915083?s=21

Trump’s finances are under stress—huge losses + hundreds of $millions in debt coming due he personally guaranteed. And a 10-year audit battle with the IRS over a $72.9 million tax refund he got after declaring huge losses. An adverse ruling could cost him >$100 million.😎

Trump’s #TaxReturns show he makes hundreds of $millions/year yet racks up chronic losses to avoid paying taxes. As his financial challenges grow, the #TaxReturns show he increasingly depends on making $$ from businesses that put him in direct conflict of interest w/being POTUS.🙄

His #TaxReturns, related financial documents & legal filings show the “hollowness, but also the wizardry” behind the self-made-billionaire (FAKE) image—honed through the “The Apprentice”—that helped propel him to the WH and that still undergirds the loyalty of many in his base.💥

Trump raked in $427.4 million from “The Apprentice” + licensing & endorsement deals from his celebrity. He invested much of it in golf courses that have steadily devoured cash since then, like the $$ he secretly received from his father before his collapse in the early 1990s.🧐

Bottom line: Trump’s #TaxReturns show him to be the #fraud and FAILED “businessman” that we all knew him to be.💥

https://twitter.com/drdenagrayson/status/1310333077521129475

🔥”Indeed, his financial condition when he announced his run for president in 2015 lends some credence to the notion that his long-shot campaign was at least in part a gambit to reanimate the marketability of his name.”

#TaxReturns #TrumpTaxReturns

https://twitter.com/drdenagrayson/status/1310333285189459969

Trump’s annual financial disclosures required of him as @POTUS—which he claims as evidence of his “mastery of a flourishing, and immensely profitable, business universe...offer a distorted picture of his financial state, since they simply report revenue, not profit.”

#TaxReturns

In 2018, Trump claimed in his public disclosure that he had made at least $434.9 million. His #TaxReturns deliver a very different portrait of his bottom line **$47.4 million in LOSSES**💥

#Fraud

https://twitter.com/drdenagrayson/status/1310334032576684040

Trump’s tax deductions of general & administrative expenses at his Bedminster golf club increased 5-fold from 2016 to 2017. And he has previously bragged that his ability to get by without paying taxes “makes me smart,” as he said in 2016.

Oh?? This smells a bit fishy.🧐

🔥Trump’s #TaxReturns “undercut his claims of financial acumen, showing that he is simply pouring more money into many businesses than he is taking out.

The picture that perhaps emerges most starkly...is of a businessman-president in a tightening financial vise.”💥

#Fraud

https://twitter.com/drdenagrayson/status/1310333285189459969

Trump’s golf courses & MAGA-magnet hotel in DC report losing $millions to tens of millions. Revenue from “The Apprentice” + licensing deals is drying up, and he sold nearly all his stocks that now might help him shore up his struggling properties.

And the tax audit looms.😎

In addition to Trump’s mounting losses, within the next 4 years, >$300 million in loans—for which he is personally responsible—will come due.

Sounds like Kushner and 666 Fifth Ave...bailed out by the Qataris.🧐

#Corruption #TaxReturns

https://twitter.com/drdenagrayson/status/1310336720290877441

Trump’s #TaxReturns reveal conflicts of interest created by Trump’s refusal to divest himself while in the WH. His properties are “bazaars for collecting money directly from lobbyists, foreign officials and others seeking face time, access or favor.”

TOTAL #corruption.🤬

▶️A flood of new members at Mar-a-Lago starting in 2015 gave him $5 million/yr
▶️Roofing materials manufacturer GAF spent >$1.5 million in 2018 at his Doral golf resort even as its industry was lobbying the Trump administration to roll back “egregious” federal regulations.

▶️In 2017, the Billy Graham Evangelistic Association paid at least $397,602 to Trump’s DC hotel, where the group held at least one event during its 4-day World Summit in Defense of “Persecuted Christians.”🙄

GRIFTER.🤬

#GrifterInChief

Trump claimed he‘d pursue no new foreign deals as POTUS, in his first 2 years in the WH, his revenue from abroad totaled $73 million, including from licensing deals in countries with authoritarian-leaning leaders—$3 million from the Philippines, and $1 million from Turkey.🤬

Trump reported paying taxes, on a number of his overseas ventures. In 2017, Trump’s $750 tax payment was dwarfed by the $15,598 he/his companies paid in #Panama, the $145,400 in #India and the $156,824 in the #Philippines.

This certainly is NOT "America first."🤬

#TaxReturns

Trump’s US tax payment, after factoring his losses, was roughly equivalent, in dollars not adjusted for inflation, to Richard Nixon's $792.81 that he paid in 1970 on income of about $200,000, after a charitable deduction for donating his presidential papers.🙄

#TaxReturns #Fraud

The leak of Nixon’s tiny tax payment caused a precedent-setting uproar: thereafter, presidents and presidential candidates would make their #TaxReturns publicly available for the American people to see.

Until Trump.🤬

#Grifter #Fraud #VoteHimOut

Trump's 2013 Miss Universe pageant in #Moscow–the most profitable Miss Universe during Trump’s time as co-owner–paid him $2.3 million, made possible in part by the Agalarov family who later arranged the infamous 2016 Trump Tower meeting with the #Russian🇷🇺lawyer.

#TrumpRussia

The Agalarovs' business, Crocus Group, paid a $6 million licensing fee + another $6 million in expenses but was a financial loss for them — they recouped only $2 million — yet it was “one of the most lucrative deals” the Miss Universe organization ever made.🤨

#TrumpRussia

#TaxReturns show that the 2013 pageant reported $31.6 million in gross receipts—the highest since the 1990s — Trump & NBC split profits of $4.7 million. Yet Trump & NBC shared LOSSES of $2 million from the pageant the year before & $3.8 million from the one the year after.🧐

In 2015, Trump falsely claimed he was uniquely qualified to be POTUS because he was “really rich” and had “built a great company."

Yet on his 2014 #TaxReturns, his accountants claimed Trump owed ZERO taxes.

ZERO.

Money in, money out, and out, and OUT. Cash is flowing through Trump like crazy.

He's NOT a "successful" businessman.

He's NOT putting "America first."

He puts HIMSELF first, as always.

VOTE HIM OUT.

#VoteHimOut #Vote

https://twitter.com/DrDenaGrayson/status/1310328546422915083?s=20

Apologies — broken thread.

https://twitter.com/drdenagrayson/status/1310347938825109504