This former reality TV persona knows how to hide his assets. Rather than take a large salary on his very first season he formed a “production company” LLC and had it “co-produce” the show with with the actual production company. So he got 5% of the gross budget upfront, 25% of all licensing worldwide, 25% of net profits on an escalating performance based scale, and he retained ownership of name of the show which the network licensed from him for as much as $300,000 per episode. The reported $427 million dollars in earnings is a conservative estimate. And one can never know the true earnings. He also got a $4 million dollar ‘bonus’ for the final season that he did not even host.
Since there isn’t much happening today I am doing sort of an information dump in super easy blind items of info I’ve had laying around.
My initial guess is Trump and The Apprentice?
Now that I’m thinking of it more, your answer makes sense. We already know that he loves to hide his assets, he hates to pay his taxes, and he had Mark Burnett and NBC eating out of his hand while they were doing him a HUGE favor in “rebranding” him.
Plus, it would be so awesome to see TT tag-team with David Fahrenthold (he tracks the Trump money for The Washington Post) and The New York Times reporters who’ve been working on their Trump money project to break even more news on all his shady shit.
I tweeted the blind to him.
It’s a very solid source.
I don’t doubt you at all! Earlier this year, I read Sarah Kendzior’s “Hiding in Plain Sight”. In her book and on her podcast (“Gaslit Nation”), she’s dropped hints on what Mark Burnett’s and NBC’s relationship with the Trumps was really like.
If Trump and Comcast-NBC really hated each other as much as Trump sometimes claims they do, it would have been so easy for the folks who worked on “The Apprentice” shows to turn over documents to NBC News reporters and/or any MSNBC producers. Yet instead, it’s been the NYT, WaPo, and a few other outlets doing all the heavy lifting in unsealing this shit wherever they can find it.
Between all this about “The Apprentice”, everything Ronan Farrow has uncovered on Harvey Weinstein and Matt Lauer, and everything you’ve revealed about how Bravo really works, I’ve come to realize that things were never really what they seemed to be over at Planet Peacock.
And remember, according to both people who worked on the show and Celebrity Apprentices, that there are apparently hours of tapes of Trump saying racist slurs, slurs against women, and just generally flubbing his lines over and over again. Mark Burnett refused to release them.
Mark Burnett’s wife is evangelical if I remember right.
There are ones who think the Rapture is coming, and Trump is God’s tool to bring it about.
The NYT is one of the first entities to get the true scoop on “The China Disease” too.
It’s reporters seem to uncover more Trump coverups almost daily.
He already should be in jail. I hope that is in his near future. I need to start working on a soap on a rope that has a rope that dissolves in water!
Ahh our POS POTUS who paid only $750 in taxes. Too bad he didn’t get stuck in mud when he supposedly “drained the swamp”.
That is not accurate. If you read the article you’d know there is more to the story. Trump over-estimated his taxes the previous year. Instead of getting a refund, he applied the over-payment to the 2016 year (rolled-forward). The media is very misleading.
Times reported in their article that in addition to the $750 paid each year, the president paid the U.S. Treasury an additional $1 million in 2016, and $4.2 million in 2017. This is the estimated tax due because his taxes the previous year are being audited and therefore he cannot finalize his tax returns.
Read the article for yourself.
So why is he refusing to share is tax returns like every other president in modern times? What is he hiding?
He is hiding a lot…as a Londoner we are following your election closely and sincerely hope that lunatic does not get re elected 🙏🏽
As are we Nina…as are we. I am going to vote soon. I ordered a folding chair because my lines were seven hours long (and democrats in my area generally vote early more often) But things are down to about an hour. The chair comes on Friday.. so if it comes in time…I’ll vote then. Or next week.
President Trump’s 2010 taxes are being audited. The NYT confirmed that the IRS and the President are arguing about the nature of this refund. He’s been telling the truth when he says his return is still under audit. This refund is rolled forward to 2017, 2018, 2019 so none of these returns can be finalized until refund settled from prior years are settled. The refund is over $72 million. Because of the recession, former President Obama allowed a longer window to claim refunds from prior taxes.
By the way, President Trump’s tax cuts did not include real estate companies. Many seem to think the tax cuts help the President but he didn’t give the cuts to his own industry. Look it up for yourself.
President Trump wanted to simplify taxes (remember he wanted to be able to file a return on a postcard?). The House and Senate wouldn’t agree to that. It is pretty annoying that there are all these loopholes for big corporations that complicate it for everyone. It’s more complicated than it needs to me. Years ago Mike Huckabee wanted to have a “fair tax”. I have always loved that. It is a tax on what you buy. All these people hiding their money would not be able to hide from paying taxes. Those getting paid cash and not paying taxes, the elite paying very little because of loopholes would not be able to avoid taxes. If they have money to buy something they have money to pay their taxes. Some dislike the plan because they believe people would buy less and it would inflate prices. I disagree. I think people would adjust. There has been also talk of luxury taxes for the super-elite. I’m not sure what the answer is but I am tired of people not paying their fair share. And, I don’t blame the person, I blame the system. Politicians are getting rich passing these tax loopholes. Take a look at how wealthy career politicians are. The left, the right, they’re all corrupt.
Anyway, the answer is that his taxes aren’t finalized and can’t be finalized until the IRS and Trump come to an agreement with the refund.
ROFLMAO. It’s like FOX News is posting here. is that where the xoxos come from. This is insanity.
You know the numbers came from the NYTimes article that made many think Trump only paid $750, right?
The paragraphs about the fair tax and real estate didn’t come from the NYTimes but everything else was from that article. The fair tax isn’t favored by the left or right. I hate loopholes and both democrats and republicans seem to favor them.
Oh, ok, so where are you on the way he denigrates women? I can’t believe there’s a cheerleader for the POS on TTS site.
I like XOXO, she has been here for years and we are just nine days from getting through this. I let her post but don’t believe her “facts.”
That doesn’t mean I don’t like HER. I just want this to end. 9 days til the election. 86 days to inauguration. We can just breathe through this and all be friends again soon. At least those of us who are still alive.
Ugh that last sentence made me miss UF. I’ve been thinking about him a lot lately. The other day someone replied to one of his comments and I kinda lost it.
Flaming Hot Chester Cheetah 😂 Fun!
Yes!!!! That pic alone enhanced this blind x10!!! 😂😂😂😂😂
i think you are right. martha stewart did the last season. the cheeto cheetah, the orange one.
Martha had her own version. Arnold Schwarzenegger hosted the last season (of Celebrity Apprentice).
It’s the Cheeto reference for me 😂😂😂
Cheetolini!!!!
“Cheetolin”!! I had not heard that before 🤣 First blind I’ve gotten immediately!
Cheetolph Chitler
Tintedvoldemort
As I marched today in the Women’s March I thought and prayed to end this nightmare. My guess is DJT the racist rapist xenophobic pos
Thanks for marching, Lisa!
@ Lisaj: Wonderful! I wish I could have marched too!
Great job Lisa. Thanks for representing for us !
Excuse my ignorance, but how was his LLC able to avoid the taxes on their income?
Sorry, stupid here.
I don’t remember all the details that were explained to me but several of the housewives have a loan out corporation. Their checks go to the loan out and they used the company credit card as “expenses” for the loan out corp. So they do not show any income. And the “expenses” on the credit card are considered business expenses. I’m probably explaining it wrong but that is what I recall being the gist of it.
Perfect physical speciem POTUS. He needs to fix his weave & take his meds before he has a Mariah Carey T. R. L / M- TV moment. Why must we have to deal with this one man one TRICK pony ? I will vote for Nene Leakes Sandy & Malia before I vote for that muttering nonsense abyss .Absolutely disgraceful. The U.S. of A will never live this down. Never been more scared about the state of our country with this joke in office. # rant over
👍
That is all
I get that he’s hiding his assets but can someone explain this to me in dummy terms. Lol
Basically, instead of taking a payment as a person, (and paying income tax) he is funneled the money through a corporation and then his 70K for hair cuts and such is a business expense that is deducted from the companies gross profit. It goes to him eventually tax free through some loopholes. Alledgedly.
Some of the housewives do the same thing. It’s called a loan out corp and protects assets from being taxed. Or something. It’s late. lol.
I saw that reply to UF the other day and it made me sad. We still follow each other on Twitter. I refuse to delete it.
Could it be the tiger king?