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TIL people have no idea how taxes work. Stories that paint completely legal deductions and avoidance strategies as being improper only hurt the pub's credibility and embolden the "fake news" narrative. Massive, real debt would be a reason for concern but not legit deductions.

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The New York Times

@nytimes

· Sep 27, 2020

Exclusive: The Times has obtained tax-return data for President Trump extending over more than two decades. It shows his finances under stress, beset by losses that he aggressively employs to avoid paying taxes and hundreds of millions in debt coming due. nyti.ms/308oHAj

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Hannah Konit$hek

@HannahKonnn

Sep 28, 2020

To your second point - there is "massive, real debt." The real story here is the $400M+ in loan obligations, many he has personally guaranteed.

Jesse Powell

@jespow

Replying to

@HannahKonnn

Knowing loan amounts alone isn’t helpful. What are his assets and what are the terms of the loans? We really need to understand the complete picture. So, is the real story loans are imminently due and he has no legitimate way to pay or extend them?

4:39 PM · Sep 28, 2020Twitter for iPhone

Replying to

Half the $421M is due in the next 4 years. Further - a NYT reporter updated today to say the loan obligations may be more than $1.1B. He may have sufficient assets to cover that - but it's still material. Security clearance is routinely denied for people with significant debt.

Replying to

and

Who owns the debt?