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Trump Family Business Worth A Fraction Of What President Has Touted

ludin said:
More huffington post distortions. There is no way trump could run his business on 700m.
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There is something odd going on. Crain's made the assessment based on filings, but there is no evidence that the filings represent total revenue, but rather, perhaps, individual income, which is a completely different thing.

I'm guessing it's an internal attack from Crain's -- someone there is willing to skew data based on a filing. I'm also guessing they're not assessing the other companies in that manner. If they were, this would not be the first time they assessed the Trump Co. in that manner. That's really odd.

But, it's also fascinating to see how far some will go in their #HateEverythingTrump goal of upending the current administration.

It bears watching and taking these types of stories with a grain of salt, because we're seeing some very strange things.
 
HowardBThiname said:
There is something odd going on. Crain's made the assessment based on filings, but there is no evidence that the filings represent total revenue, but rather, perhaps, individual income, which is a completely different thing.

I'm guessing it's an internal attack from Crain's -- someone there is willing to skew data based on a filing. I'm also guessing they're not assessing the other companies in that manner. If they were, this would not be the first time they assessed the Trump Co. in that manner. That's really odd.

But, it's also fascinating to see how far some will go in their #HateEverythingTrump goal of upending the current administration.

It bears watching and taking these types of stories with a grain of salt, because we're seeing some very strange things.
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earnings have always been different than revenue.
i might have revenue of 2 billion dollars but after everything my earnings is only about 500m.
it is 100% clear the the OP of the article has no clue what he is talking about and should be taken with a grain of salt.
 
Absentglare said:
He's not solvent, which is why he's vulnerable to manipulation by the people he owes money to.

It's just another reason for a president to be financially isolated. They made President Carter get rid of his ****ing peanut farm...
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do you know the difference between revenue and earnings? i doubt it.
 
Absentglare said:
That's completely irrelevant.
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only if you want to be dishonest. then again expected. it isn't irrelevant it makes the whole entire OP invalid.
 
ludin said:
only if you want to be dishonest. then again expected. it isn't irrelevant it makes the whole entire OP invalid.
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You keep dishonestly beating around the bush of your own argument.

Explain yourself, otherwise you're just surrendering.
 
Absentglare said:
You keep dishonestly beating around the bush of your own argument.

Explain yourself, otherwise you're just surrendering.
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I did explain myself i asked if you knew the difference between Revenue and earnings you have yet to respond to that question.
so it means that you don't know the difference. so you can either tell us the difference or you can't.

please answer the question.
 
jimbo said:
It's all about choices. Have you checked out the alternatives?
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Sure. There were plenty of other choices from that field of 16 GOP candidates (and 4-5 Democrat candidates). Never did I consider casting my vote for Trump, though. IMO, there was atleast one GOP candidate that was better. Unfortunately, because he didn't attack anyone folks all but ignored him.
 
MaggieD said:
The article says THIS...copied right from it.
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They may have changed it since you first read it.. When I made that post, and to this moment, it said/says:



Donald Trump has an inflated view of his assets. The president’s family business is worth about one-tenth of the value he has claimed, according to an analysis of the latest figures he has filed with the federal government.

Some of the discrepancy is due to a downturn in business, but the rest is credited to an overheated imagination, according to Crain’s New York Business reporter Aaron Elstein, who examined the numbers.

Elstein told NPR he feels a bit like he was played.

In 2016 the Trump Organization reported nearly $9.5 billion in sales. But recent public filings by the president indicate that the company’s actual revenue that year was only as much as $700 million, Crain’s said.





And sure enough, it now says this at the bottom: CORRECTION: A previous version of this story mischaracterized the Trump Organization’s 2016 revenues as earnings.
 
N
Mr Person said:
They may have changed it since you first read it.. When I made that post, and to this moment, it said/says:



Donald Trump has an inflated view of his assets. The president’s family business is worth about one-tenth of the value he has claimed, according to an analysis of the latest figures he has filed with the federal government.

Some of the discrepancy is due to a downturn in business, but the rest is credited to an overheated imagination, according to Crain’s New York Business reporter Aaron Elstein, who examined the numbers.

Elstein told NPR he feels a bit like he was played.

In 2016 the Trump Organization reported nearly $9.5 billion in sales. But recent public filings by the president indicate that the company’s actual revenue that year was only as much as $700 million, Crain’s said.





And sure enough, it now says this at the bottom: CORRECTION: A previous version of this story mischaracterized the Trump Organization’s 2016 revenues as earnings.
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Thank you Mr. Person. It still sounds extremely weird to me. And wrong. Tell me why any company would officially over-report revenues to that drastic an extent... the tax implications alone would be enormous.
 
lurchadams said:
https://www.huffingtonpost.com/entry/trump-organization-one-tenth-value_us_5a10ea53e4b045cf4371dfde?





$9.5 billion vs. $700 million. Potato, "potahtoe".

I guess if the current Republican tax plan passes, Trump might get closer to his misrepresented revenue claim.
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Driven by Patriot Trump ruining his brand by getting into politics....

Does anyone remember all the claims made for so long that Trump did this to make money? I said at the time that this claim was ridiculous, that this was costing Trump, that this was Trump sacrificing for the nation.
 
MaggieD said:
N

Thank you Mr. Person. It still sounds extremely weird to me. And wrong. Tell me why any company would officially over-report revenues to that drastic an extent... the tax implications alone would be enormous.
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Clearly you are thinking too much.
 
gdgyva said:
There is a major difference between revenue and earnings

Sounds like the author has no clue about the meaning of the two terms

And is an idiot
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Could be, but they corrected the article to mean "revenue" in both cases, apples and apples.
 
Hawkeye10 said:
Driven by Patriot Trump ruining his brand by getting into politics....

Does anyone remember all the claims made for so long that Trump did this to make money? I said at the time that this claim was ridiculous, that this was costing Trump, that this was Trump sacrificing for the nation.
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Trump is not sacrificing anything for the nation. Just the opposite. He is blatantly trying to profit from his presidency while at the same time capitalizing on the hatred and fear that helped get him elected. His stain on our country's reputation is only temporary. If he makes it though his term, we will recover our standing in the world and Trump will be touted as an example of when bigotry and hate triumph over what's best for our great nation.
 
lurchadams said:
Trump is not sacrificing anything for the nation. Just the opposite. He is blatantly trying to profit from his presidency while at the same time capitalizing on the hatred and fear that helped get him elected. His stain on our country's reputation is only temporary. If he makes it though his term, we will recover our standing in the world and Trump will be touted as an example of when bigotry and hate triumph over what's best for our great nation.
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Your view is one that I hear a lot in Seattle.

It is also completely fantasy based, a scapegoating of Trump, a complete refusal to understand the long term massive failure of the American Elite Class that produced a Trump as POTUS, a failed Elite Class that is currently getting worse not better.
 
Oborosen said:
Talk all you want, but I doubt he will listen. Despite how sad such attempts are with these post, plenty of the exact same kind of poster just prove how that "TDS" issue is a rising problem for them.
I'm starting to think that they can't go a single hour without bitching about Trump in some form or another.
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That's kind of true. We've all known Trump will lie about anything, big or small, so more evidence that he does that routinely can be ignored as old news..... :roll:

After all, who can expect POTUS to say things and the expectation is the country and the world will believe he's telling the truth?
 
JasperL said:
That's kind of true. We've all known Trump will lie about anything, big or small, so more evidence that he does that routinely can be ignored as old news..... :roll:

After all, who can expect POTUS to say things and the expectation is the country and the world will believe he's telling the truth?
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After all the lies America has received from Washington over the years only the not too bright.
 
HowardBThiname said:
There is something odd going on. Crain's made the assessment based on filings, but there is no evidence that the filings represent total revenue, but rather, perhaps, individual income, which is a completely different thing.

I'm guessing it's an internal attack from Crain's -- someone there is willing to skew data based on a filing. I'm also guessing they're not assessing the other companies in that manner. If they were, this would not be the first time they assessed the Trump Co. in that manner. That's really odd.

But, it's also fascinating to see how far some will go in their #HateEverythingTrump goal of upending the current administration.

It bears watching and taking these types of stories with a grain of salt, because we're seeing some very strange things.
Click to expand...

The article has been corrected and the $700 million was "revenue" not "earnings."

Just on the narrow claim about his reported wealth, what's been known for a long time is Trump has frequently in the past overstated his ownership interest in various ventures. So if he owns, say, 10% of something, he's been counting 100% of the income or the net worth of that investment as his own. Without going through the numbers, that's a good guess about where the discrepancy is. There was a story in the last couple weeks about Wilbur Ross doing the same thing.

These Forbes rankings are the penis-measuring yardstick for those guys. Shocked, shocked! that narcissists would lie about their wealth to make themselves look better!!!
 
Hawkeye10 said:
Your view is one that I hear a lot in Seattle.

It is also completely fantasy based, a scapegoating of Trump, a complete refusal to understand the long term massive failure of the American Elite Class that produced a Trump as POTUS, a failed Elite Class that is currently getting worse not better.
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Mmmm hmmm. Refusal to publish his tax returns, refusal to divest himself of his business interests while in office, blatantly promoting his resort properties while in office, doubling his membership fees, etc. You call it "fantasy based", I call it stating facts. Your divorce from reality is not my problem. Although I don't live in Seattle, where I live is irrelevant to how I post.

"Elite class" - <yawn>.
 
MaggieD said:
N

Thank you Mr. Person. It still sounds extremely weird to me. And wrong. Tell me why any company would officially over-report revenues to that drastic an extent... the tax implications alone would be enormous.
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Only in potential sales taxes. Revenues are not taxed generally, income (profits) are.

Now as Trump has a lot of joint ventures, manages a few building etc, his company could be reporting the revenues brought in by the business it is managing rather than the revenues it generates specifically for Trump's business.

The vastly higher revenues would generally imply much higher profit levels and increase the overall estimated value of the company/assets to the public (not IRS)
 
Hawkeye10 said:
After all the lies America has received from Washington over the years only the not too bright.
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From where I sit, Trump has ushered in an entirely new standard where the safe assumption is if POTUS is alleging it, it's false until proven true. The sad thing is it's often on things like his net worth that do not matter and are pretty easily proved false when he has to put those numbers down effectively under oath, and that routine lying about the little things undermines him when he does make claims about the big, important items.

And I don't think that's been true in the past. Obama's most famous lie was about "if you like your insurance, you can keep it." But that's typical of what we see from politicians, which are predictions that they may know aren't true but can be, if you hold your head just right, plausible if highly, highly unlikely. And when Trump is caught in lies, he often instead of retreating, or acknowledging a "mistake" or something, just doubles down. It would be like Obama claiming right now that the ACA didn't cause ANYONE to lose their insurance.
 
MaggieD said:
Thank you Mr. Person. It still sounds extremely weird to me. And wrong. Tell me why any company would officially over-report revenues to that drastic an extent... the tax implications alone would be enormous.
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He's not reporting those net worth figures or revenues on his tax returns, and net worth and revenues aren't of themselves taxable in any event.

Well, we don't think he's overstating revenues on his returns, but we don't know because they're secret.... :roll:
 
Skeptic Bob said:
I would bet money he lies about how rich he is. He lies about everything. However, I don't see how this particular lie affects me or the country.
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Somewhat shallow thinking maybe.

As time passes we see that less and less is true about Mr. Trump, an exaggeration of that magnitude only underscores the real problem; where do you draw a line with this guy? What is true? As I say, less and less is true, and now we are into one of the largest boasts and entire platform from the campaign, where he in effect told people 'vote for me, I am spectacularly rich, I know how to run things."

So now that's a lie.

Now stretch that relations with other country's, when he offers thing for thing who would believe him?

At this point we should be demanding to see HIS birth certificate.
 
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