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leftstreet

(36,118 posts)
2. Was there anything different from what was already out there?
Tue Mar 14, 2017, 09:28 PM
Mar 2017

This article is a year old

https://www.wsj.com/articles/donald-trump-got-a-big-break-on-2005-taxes-1458249902


By Richard Rubin

Biography
@RichardRubinDC
[email protected]

March 17, 2016 5:25 p.m. ET
137 COMMENTS

Donald Trump was able to deduct $39.1 million from his 2005 federal income taxes by pledging not to build houses on a New Jersey golf course he owns, according to public records.

An appraisal conducted for the 2005 transaction determined that Trump National Golf Club in Bedminster, N.J. was worth $49.5 million if it could be split into 33 estates, but just $10.4 million as a golf course. Tax law lets property owners impose permanent conservation restrictions and then claim charitable deductions for the reduction in value. Those restrictions curb what future owners may do with a property.

In 2005, according to the Internal Revenue Service, 2,186 taxpayers claimed so-called conservation easements for a total of $1.8 billion. That means Mr. Trump’s $39.1 million would have represented about 2% of all such deductions nationwide that year.

Mr. Trump, now the front-runner for the Republican presidential nomination, subsequently built a second golf course on the property, which once belonged to automobile executive John DeLorean. He said last year in his federal financial disclosure that the property was worth more than $50 million.
So, basically, she has nothing [View all] LibraLiz1973 Mar 2017 OP
Rachel's been on fire lately mnmoderatedem Mar 2017 #1
Twitter agrees with you....many WTF??? comments. n/t dixiegrrrrl Mar 2017 #32
It all went down in a very predictable way that benefits DT. pat_k Mar 2017 #50
Was there anything different from what was already out there? leftstreet Mar 2017 #2
Exactly, it is bullshit, and might actually do more damage because of the still_one Mar 2017 #29
I agree still_one... TomJulie Mar 2017 #58
Big let down. Rachel blew it. scheming daemons Mar 2017 #3
agree, when I heard 2 pages from 2005 I thought "haven't we seen this all before"? Hamlette Mar 2017 #6
nnnnnnn, I'll take them seriously all the time... but they should've gotten the bigger story uponit7771 Mar 2017 #7
We all have opinions. babylonsister Mar 2017 #17
Even without the "teaser," or even if someone else had "taken it public"... pat_k Mar 2017 #53
Ever again? That's sure some hyperbole. tinrobot Mar 2017 #57
Yep oberliner Mar 2017 #4
yeap, the 1040 is basically just a summary... the schedules are needed for right off details uponit7771 Mar 2017 #5
Wow, what a huge let down. Next time she does this, I won't believe her. Kind of like manicraven Mar 2017 #8
Mmm but she got those SWEET SWEET retrowire Mar 2017 #9
David Cay Johnson is talking about how the figures were arrived at, The Velveteen Ocelot Mar 2017 #10
So it's his 1040 form and a couple of empty wine bottles... ClusterFreak Mar 2017 #11
I'm having a flashback to Al Capone's Vault. QC Mar 2017 #12
DAMMIT!!! I wanted to be the first up with that reference! bullwinkle428 Mar 2017 #16
LOL! I was in college then. My fraternity watched it together, QC Mar 2017 #27
Not even close Pacifist Patriot Mar 2017 #34
Not nothing exactly. ananda Mar 2017 #13
But, ever since last year Motownman78 Mar 2017 #22
"Like, this is is so boring, put on The Voice1!" BannonsLiver Mar 2017 #14
i wonder if she was set up Takket Mar 2017 #15
In which case, a Rhodes Scholar like RM should have looked at the returns... regnaD kciN Mar 2017 #59
She is a yellow journalist Motownman78 Mar 2017 #18
How's the weather in Moldovia? BannonsLiver Mar 2017 #44
She is being played by Trump Generic Brad Mar 2017 #19
Agree Juliusseizure Mar 2017 #43
Hope you are right about "something larger..." on the horizon. pat_k Mar 2017 #55
This is to get voters more radical noodle Mar 2017 #20
She's making this story scream cover-up. She's going to save us all from Russian mobsters. lindysalsagal Mar 2017 #21
They only thing this will do is move the conversation along Fearless Mar 2017 #23
The story is... Pacifist Patriot Mar 2017 #24
But the tease was that she had Trump's tax returns oberliner Mar 2017 #30
So, what Rachel is saying is GWC58 Mar 2017 #25
....blah..blah...blah.... Stuart G Mar 2017 #26
If there is no there there, the babylonsister Mar 2017 #28
Agree HipChick Mar 2017 #33
I agree as well. Pacifist Patriot Mar 2017 #36
I disagree Juliusseizure Mar 2017 #39
How so? progressoid Mar 2017 #56
Weird Al exboyfil Mar 2017 #31
Overhyped turd Juliusseizure Mar 2017 #35
At least Rachel is doing something. dubyadiprecession Mar 2017 #37
oh for pete's sake... chillfactor Mar 2017 #38
Maybe... greytdemocrat Mar 2017 #40
Yea. And maybe you will look like that tomorrow. babylonsister Mar 2017 #42
Hahaha! babylonsister Mar 2017 #41
Cleansing the documents of Bush the lesser... LompocDem Mar 2017 #48
It may well come drip-by-drip... regnaD kciN Mar 2017 #60
I have been trying to see how this helps us and it just doesn't Quixote1818 Mar 2017 #45
Heer Jeet explains why Rachel's show tonight is good sharedvalues Mar 2017 #46
Oh well Kimchijeon Mar 2017 #47
She weaves a story... LompocDem Mar 2017 #51
"Trump Pays His Taxes" is everywhere on every comment section about this story Quixote1818 Mar 2017 #49
The story here is that they had to go back 11 years to find one with no Russians in it Warpy Mar 2017 #52
The grift continues. Today, Rachel (and her audience) was the mark. malchickiwick Mar 2017 #54
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