Trump’s Finances Are Taxing

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Slate Podcasts

News, News Commentary, Politics

4.6 • 6K Ratings

🗓️ 9 May 2019

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Virginia Heffernan dissects this week’s New York Times news on Trump’s tax losses with Richard Rubin, who writes about tax policy for the Wall Street Journal. Also discussed: Trump’s different mindset on taxes, his sources of income, and the cognitive dissonance between wealth and debt. Slate Plus members get bonus segments and ad-free podcast feeds. Sign up now. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So you've got to ask yourself, why won't he release his tax returns?
0:05.1	And I think there may be a couple of reasons.
0:07.4	First, maybe he's not as rich as he says he is.
0:12.6	It's unbelievable.
0:13.9	We would have thought at least in one of the years that we saw.
0:16.7	Maybe the year he wrote part of the deal, he would have made money.
0:19.6	He did.
0:20.0	He was just bleeding money every year that we looked at.
0:23.2	I've had a both ways in my own life.
0:24.8	I've had debt and I've had not debt and not debt is better.
0:28.6	Believe me.
0:29.4	Right. It's a lot easier.
0:31.3	You have certainly villages with debt, but not debt.
0:37.9	Hello and welcome to Trumpcast.
0:39.4	I'm Virginia Heffernan.
0:40.6	Today is very taxing.
0:43.6	Trump's been running his CD pit bus, Dale Sagar,
0:46.2	Smokin strippers at Lanark City,
0:47.8	Casino Logic on his own taxes, losing $1.1 billion,
0:53.8	according to the New York Times, over the decade between 1985 and
0:58.5	1994.
1:00.4	So that is taxing.
	...

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