Page 86 - The Apprentice News Today

Has been no address of that in this report. i cannot believe that there was no information, there was some information on the report, but it was really unsatisfactory. why that audit hasnt been concluded is really frustrating. and id really like to know more on, its it is a huge deal and it could cost him serious money if it goes against him. >> yeah, in 2009 there is this, he filed for this quick refund where the government cut him a check for just a truly shocking amount of money. how much mon...

His tax returns. the businesses he run dont make money very often. they often lose money and he subsidize thats with money from his inheritance, his entertainment work on "the apprentice" and endorsement deals that dont require any business expertise but have been incredibly lucrative. there was an example in this latest trove where during his one year that he reported a significant positive income, that was 2018, about $24 million. it looked like it had been a turn for him. that was the first y...

Whole pillar of his political identity. on the audits, tell me what you think on the audience. >> yes,-ites interest and i wanted to, theres misinformation there about the audits. like everything with donald trump, has more than one criminal investigation. and here in my little, worldly of more than one audit. and this audit, theres mandatory presidential audit, that everybodys been talking about, so that started when he became president in 2016. and that time period. but theres also another aud...

20 something were -- kryptonite for him that he doesnt want known is -- tax return or tax return after tax return. but hes just a wildly bat is this man. and just under cuts what he -- asked for and got the 72. 9 million-dollar refund. all the income task he paid on that rush of money that he got from the apprentice from 2005 2008. he was able to do that because of the abandonment of his in dress. that allowed him to get whats known as -- a cookie refund. where i want one of those. but its where...

Paid on that rush of money that he got from "the apprentice" from 2005 to 2008, he was able to do that because of the abandonment of his casino interests. so that allowed him to get what is known as, and this is actually a real thing, it is called a quickie refund, i want one of those, but it is where the irs just gives you the money back when you request it, under the certain program that they have, and then it triggers an automatic audit. that audit from 2009 has been going on, it could be goi...

Transcript of his 1040s for 9 years. and because there was some database of taxpayers we were able to match up his tax returns and found out it was a couple years he lost more than any other american taxpayer. ask that just to me really just puts an exclamation mark on his businesses. most of them lose money. then he has had really two big flushes of cash. he had the inheritance from his father and that wasnt just a one-time thing. that was over his life. his father was there for him at every tu...

I cant believe that there was no -- there was some information on the report, but it was unsatisfactory. why that audit hasnt been concluded is frustrating. and i would really like to know more about it. its a huge deal and could cost him serious money if it goes against him. >> yeah. so in 2009, theres this -- he filed for this like quick refund where the government -- just a truly shocking amount of money. how much money was it? >> it was $72.9 million. and he -- it was all the income tax he h...

From his father and the other half billion dollars he got tied to his role on the apresent technical analyst and the endorsement deals oop -- "the apprentice" and the endorsement deals there. >> in addition to the forensic accounting that has been done by you and your team at "the times" and what came out today, theres this bigger piece of the story that i think youre getting at, russ, which is that the way he became president was by convincing enough americans that if he could run the country a...

Goes back to his inherited -- he inherited the money from fred trump, hundreds of millions, and then you see a second rush of money, the money he got from "the apprentice" and the licensing. but in between that, for the most part, he loses money. all the businesses that he runs, you know, with few exceptions, lose money. it was interesting, you saw in 2019 and 20 were years that we hadnt seen, the seem at "the new york times" has been looking at his taxes. i was just looking at the one investmen...

>> no, it makes the trump ties look like the best thing ever. it does. and the first thing when i saw it was wow, he must need money. >> and his fundraising, even as a political figure, is greatly diminished from his announcements he raised exponentially less money then when he announced his last presidential bid. so, what were looking at is a picture of a man who seems increasingly desperate in the arena that he perhaps cares most about, which is financial prowess. >> right, and the other thing...