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Getbig Main Boards => Gossip & Opinions => Topic started by: Nails on February 03, 2017, 12:41:37 PM
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http://www.dailynews.com/general-news/20060415/arnold-releases-tax-records (http://www.dailynews.com/general-news/20060415/arnold-releases-tax-records)
(http://bloximages.chicago2.vip.townnews.com/rapidcityjournal.com/content/tncms/assets/v3/editorial/0/b3/0b3508a5-604b-5d01-aca2-ff16fcd986b7/5759db38d9ee5.image.jpg)
SACRAMENTO - With his movie career on hold and his assets in a blind trust, Gov. Arnold Schwarzenegger earned almost $17 million in 2004 from royalties and investments in stocks and real estate, according to tax returns released Friday.
The governor's re-election campaign released his federal and state returns for 2002-04. It was the first time his forms have been released publicly since the recall election in 2003, when he released returns for 2000 and 2001.
Schwarzenegger earned about $14 million in 2003 and $24 million in 2002. He paid a total of $11 million in federal taxes and $4 million in state taxes over that three-year period. Meanwhile, the forms show he gave $2.5 million to charity, including his church and his children's schools, his after-school programs, St. John's Hospital and the Archdiocese of Los Angeles for building its new cathedral.
Schwarzenegger placed his extensive holdings in real estate, stock and other investments in a blind trust after he was elected in 2003.
At the time, his investments included numerous stock holdings, real estate throughout the Los Angeles region, part of a mall in Ohio, and an airplane leasing deal with Singapore Airlines. Through the trust, he continues to receive millions of dollars in back-end payments from movies, DVDs and video games.
Schwarzenegger's financial adviser, Paul Wachter, CEO of Santa Monica-based Main Street Advisors, said Schwarzenegger used to be highly concerned with his investment performance, but in recent years has been "uninterested" in tracking how much money he makes.
Instead, Wachter said, the governor relies on his advisers to manage his portfolio.
"He is completely disengaged," Wachter said. "It amazes me. I would expect once a year at least he would come in and say, `How much money did we make last year?' or `Are you doing well?' It's odd. But, you know - he's got other things on his mind."
Schwarzenegger has not yet filed his 2005 taxes - he typically asks for an extension and files in the fall, Wachter said.
Schwarzenegger has declined to accept the $175,000 salary for governor, but his form did list receiving $490 from the state of California, for which his financial advisers did not have an immediate explanation. He also paid relatively smaller amounts, in the range of thousands or tens of thousands of dollars, in taxes to Connecticut, Kentucky, Massachusetts, New York, New Jersey and Ohio, mostly for investments held in those states.
The release comes as Schwarzenegger faces a re-election battle against either Controller Steve Westly or Treasurer Phil Angelides.
Westly released a decade of returns last September that showed he earned $225 million since 1995 as an executive at eBay. He has shown a willingness to dig into his deep pockets for his primary campaign against Angelides.
Angelides last month released seven years of returns showing he earned a total of $11 million from 1998 to 2004. He was a real-estate developer and consultant in Sacramento before becoming treasurer in 1998 and continues to earn income from deferred payments for past services, dividends, interest and capital gains.
The Westly campaign criticized both Schwarzenegger and Angelides for not releasing a full decade of returns.
"Californians want to be sure there are not conflicts of interest with their leaders and prospective leaders," said Westly spokesman Nick Velasquez. "Releasing 10 years of taxes is a step on that path to making sure there aren't conflicts of interest."
But Schwarzenegger campaign spokeswoman Julie Soderlund said the campaign believes it is appropriate to release the returns focusing only on his time in office and immediately prior.
Similarly, Angelides spokesman Brian Brokaw said the seven years of returns representing the treasurer's public service were appropriate.
Political analysts say candidates for major public office are generally expected to release their tax returns to show the public they do not have financial conflicts of interest that might interfere with their official duties.
In Schwarzenegger's case, most of his assets are now in a blind trust to reduce the potential for a conflict.
Jack Pitney, government professor at Claremont McKenna College, said that same concern doesn't apply to his time as a private citizen.
"He was a private citizen, not holding public office. If you go back before even he considered running for office, it's hard to see the potential for conflict," Pitney said.
Schwarzenegger ran into controversy over his financial holdings last year when American Media Inc. disclosed it had a deal worth at least $5 million to Schwarzenegger for him to serve as a consultant and columnist for the company's fitness magazines.
He had vetoed a bill to regulate the dietary supplement industry, one of the magazines' key sources of advertising revenue. He ended the deal soon after it was disclosed publicly.
The AMI deal was not detailed specifically on Schwarzenegger's tax returns. His advisers said the magazine income, like income for his movie salaries and royalties, goes through Schwarzenegger's company, Oak Productions, which is part of the blind trust.
harrison.sheppard@dailynews.com
(916) 446-6723
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Great,
with that speed it would take him only 59 years to make a billion ;D
Trump has 7 billions.
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::)
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::)
quit posting photoshopped pictures
(https://theconservativetreehouse.files.wordpress.com/2016/08/trump-pepe.jpg)
and having fun being miserable for 8 years
(http://starecat.com/content/wp-content/uploads/putin-holding-baby-donald-trump-photoshopped-painting.jpg)
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quit posting photoshopped pictures
(https://theconservativetreehouse.files.wordpress.com/2016/08/trump-pepe.jpg)
and having fun being miserable for 8 years
(http://starecat.com/content/wp-content/uploads/putin-holding-baby-donald-trump-photoshopped-painting.jpg)
;D ;D ;D ;D ;D ;D ;D ::) ::) ::) ::) ::) ::) ::)
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(https://cdn1.ijr.com/wp-content/uploads/2015/07/2AB3F91E00000578-0-image-a-1_1437418614832.jpg)
(http://www.snopes.com/photos/politics/graphics/obamapot.jpg)
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Guess which man had kids with ( at least) 3 different woman?
hint: it's NOT the black guy.
At least 3? Are you stoned on farts? President Trump only has kids with Ivana and Melania.
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At least 3? Are you stoned on farts? President Trump only has kids with Ivana and Melania.
He has a girl with Marla Maples.
Tiffany Trump.
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He has a girl with Marla Maples.
Tiffany Trump.
Never mind then, I was wrong. I'm the only one high on farts, I must get back to schmoeing now.
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He has a girl with Marla Maples.
Tiffany Trump.
Tiffany Trump looks like she's real dirty. Like anything goes in the sack.
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Never mind then, I was wrong. I'm the only one high on farts, I must get back to schmoeing now.
Can you really get high on farts?
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He has a girl with Marla Maples.
Tiffany Trump.
Marla was a looker back then
(http://i.dailymail.co.uk/i/pix/2012/09/08/article-2200169-14E6B1D0000005DC-256_634x383.jpg)
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Tiffany Trump looks like she's real dirty. Like anything goes in the sack.
Indeed
(http://pics.wikifeet.com/Tiffany-Trump-Feet-1627242.jpg)
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Great,
with that speed it would take him only 59 years to make a billion ;D
Trump has 7 billions.
But on the other hand, who really need billions? What is the point just own money, more than you can ever use? That's just stupidity and greed. Trump is a poor little man compared to really rich people, so what is the point? Do you even understand how much is a billion? Translate it to time, to seconds: million is 12 days, billion is 32 years, so Trump 7 billion means 225 year as seconds. Bill Gates has 90 billions.. ;D
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But on the other hand, who really need billions? What is the point just own money, more than you can ever use? That's just stupidity and greed. Trump is a poor little man compared to really rich people, so what is the point? Do you even understand how much is a billion? Translate it to time, to seconds: million is 12 days, billion is 32 years, so Trump 7 billion means 225 year as seconds. Bill Gates has 90 billions.. ;D
Valid point.
I have sometimes wondered what drives people with billions to get even more. I guess it's their nature. They are born to work. They enjoy it like rest of us enjoy our spare time activities.
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Valid point.
I have sometimes wondered what drives people with billions to get even more. I guess it's their nature. They are born to work. They enjoy it like rest of us enjoy our spare time activities.
Why not? The more the better
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Why not? The more the better
I think I would just focus on spending and resting after having couple of millions.
I'm too lazy. Couldn't probably bother getting more if I knew I had enough to be comfortable for rest of my life.
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Valid point.
I have sometimes wondered what drives people with billions to get even more. I guess it's their nature. They are born to work. They enjoy it like rest of us enjoy our spare time activities.
Exactly it is the drive/challenge, not the money
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Trump refuses to release his Tax retuens because it will show he isn't actually a Billionaire.
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(http://images.huffingtonpost.com/2016-03-11-1457709578-5978124-TrumpNYP.jpg)
(https://envisioningtheamericandream.files.wordpress.com/2016/03/trump-marla-maples-post-1990-swscan06132.jpg?w=710)
The man is just great at everything
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Even oiling up and posing in a thong? That's what's important here
(http://images.huffingtonpost.com/2016-03-11-1457709578-5978124-TrumpNYP.jpg)
(https://envisioningtheamericandream.files.wordpress.com/2016/03/trump-marla-maples-post-1990-swscan06132.jpg?w=710)
The man is just great at everything
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I would bet Arnold has more cash on hand than Trump does.
Trump has massive debt.
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Schwarzenegger placed his extensive holdings in real estate, stock and other investments in a blind trust after he was elected in 2003.
what is a blind trust?
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There is no law requiring a person running for President to release his tax records. It's just a tradition. I suspect the reason he doesn't release his tax returns is because he used every legal loop hole to avoid paying taxes. I don't blame him. Who volunteers to pay more than they are required? It's shocking how businesses and the uber rich have ways to avoid paying taxes.
Another point is he isn't as rich as he use to be. The Clintons laugh at Trump's money.The Clintons claim they are worth 31 million when they did nothing but work in public office. Their multi-million dollar speeches are now going for $5 bucks a speech. Never mind the 1.8 billion in their foundation that they give token amounts to charity. That is their slush fund to play with.
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If Fidel Castro never released his tax records in almost 60 years as president , why should president Trump ?
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Great,
with that speed it would take him only 59 years to make a billion ;D
Trump has 7 billions.
No inpartial source for that "7 billion". Trump likes to exaggerate and lie
People close to Trump have estimated his fortune to be around 200 million usd
And: Arnold is a 100% self made man. Trump inherited his wealth
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No inpartial source for that "7 billion". Trump likes to exaggerate and lie
People close to Trump have estimated his fortune to be around 200 million usd
And: Arnold is a 100% self made man. Trump inherited his wealth
Many have suggested what you're saying.
But could he afford that huge private plane if he only had 200 million?
I mean it's not a fucking "Cessna" like private planes of most of the rich people but full size converted passenger jet. You typically only see heads of major countries rollin' in that kind of planes.
(https://www.aviationcv.com/aviation-blog/wp-content/uploads/2016/05/donald-trump-plane.jpg)
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Tiffany Trump looks like she's real dirty. Like anything goes in the sack.
Hell yeah
(https://s-media-cache-ak0.pinimg.com/originals/61/51/1f/61511fccef0c93615fdaec290f4abfd6.jpg)
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Hell yeah
(https://s-media-cache-ak0.pinimg.com/originals/61/51/1f/61511fccef0c93615fdaec290f4abfd6.jpg)
wow 😲 but howz her ass ???
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Why not? The more the better
Bill Gates has said that after 10-15 million dollars, lifestyle basically stays the same after that.
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No inpartial source for that "7 billion". Trump likes to exaggerate and lie
People close to Trump have estimated his fortune to be around 200 million usd
And: Arnold is a 100% self made man. Trump inherited his wealth
Why aren't his brothers and sisters billionaires too if that's so true?
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There is no law requiring a person running for President to release his tax records. It's just a tradition. I suspect the reason he doesn't release his tax returns is because he used every legal loop hole to avoid paying taxes. I don't blame him. Who volunteers to pay more than they are required? It's shocking how businesses and the uber rich have ways to avoid paying taxes.
Another point is he isn't as rich as he use to be. The Clintons laugh at Trump's money.The Clintons claim they are worth 31 million when they did nothing but work in public office. Their multi-million dollar speeches are now going for $5 bucks a speech. Never mind the 1.8 billion in their foundation that they give token amounts to charity. That is their slush fund to play with.
Clinton Foundation is closing. Hmmm. Pizza.
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Bill Gates has said that after 10-15 million dollars, lifestyle basically stays the same after that.
My friend said that. He said after 20 million it's nothing different, as in you have the toys you wanted and then you just make money from investing here and there.
Wish I could say that. Oh wait I'm a getbigger. Typing this from my 100 sq ft mansion now.
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Bill Gates has said that after 10-15 million dollars, lifestyle basically stays the same after that.
I can see that. I mean, after you have that much money, what else can you do? Buy a bigger house? More cars? More vacations? After a while, Id imagine it all becomes routine, then one settles into a consistent lifestyle, despite having tons of money.
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I can see that. I mean, after you have that much money, what else can you do? Buy a bigger house? More cars? More vacations? After a while, Id imagine it all becomes routine, then one settles into a consistent lifestyle, despite having tons of money.
Even if I had all the money in the world I wouldn't even live big, I wouldn't care for anyone cleaning my house or even driving fancy cars, I would even still dress the same way I do now because I couldn't care less. I would however have a very nice movie room and a fishing boat though. Plus, most of these people with huge amounts of money who spend all day really aren't too happy, those with big families who are close can be though.
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No inpartial source for that "7 billion". Trump likes to exaggerate and lie
People close to Trump have estimated his fortune to be around 200 million usd
And: Arnold is a 100% self made man. Trump inherited his wealth
Trump didn't inherit billions
Even if the majority of the population inherit millions, 99 percent would either go broke, or remain in a consistent lifestyle, almost none would have turned it into billions
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I've been to Manhattan on business trips, I have seen properties that Donald Trump owns. No way in hell is he worth less than at least 2 billion. The real estate that he has in Manhattan is prime, one of my business associates had a small rental of his on the west side, $3000 per month for around 900 square ft. Take a look at his properties here.
http://www.trump.com/real-estate-portfolio/
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Even if I had all the money in the world I wouldn't even live big, I wouldn't care for anyone cleaning my house or even driving fancy cars, I would even still dress the same way I do now because I couldn't care less. I would however have a very nice movie room and a fishing boat though. Plus, most of these people with huge amounts of money who spend all day really aren't too happy, those with big families who are close can be though.
I'm the same, I would however travel a lot more.
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Guess which man had kids with ( at least) 3 different woman?
hint: it's NOT the black guy.
could that be because.......
the black guy is a highly PROMISCUOUS.........
homosexual
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At least 3? Are you stoned on farts? President Trump only has kids with Ivana and Melania.
And a daughter with Marla Maples.
(http://i.perezhilton.com/wp-content/uploads/2016/03/donald-trump-marla-maples-dwts__oPt.jpg)
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Indeed
(http://pics.wikifeet.com/Tiffany-Trump-Feet-1627242.jpg)
yum!!
obama is worst president of all time by wide margin: debt piled by all other presidents combined: 8T
debt now 21T or 30T counting obamacare
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3 at best , 2 if she wasnt rich
Indeed
(http://pics.wikifeet.com/Tiffany-Trump-Feet-1627242.jpg)
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No inpartial source for that "7 billion". Trump likes to exaggerate and lie
People close to Trump have estimated his fortune to be around 200 million usd
And: Arnold is a 100% self made man. Trump inherited his wealth
200 million hahaha oh brother
Not even close....
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200 million hahaha oh brother
Not even close....
mr bevo there are some true delusional people on this forum
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Many have suggested what you're saying.
But could he afford that huge private plane if he only had 200 million?
I mean it's not a fucking "Cessna" like private planes of most of the rich people but full size converted passenger jet. You typically only see heads of major countries rollin' in that kind of planes.
(https://www.aviationcv.com/aviation-blog/wp-content/uploads/2016/05/donald-trump-plane.jpg)
that plane is worth less than 20 million. It was built in 1991.
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that plane is worth less than 20 million. It was built in 1991.
Yes but the costs to run it... must be on totally different level compared to small private planes the rich usually have?
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Yes but the costs to run it... must be on totally different level compared to small private planes the rich usually have?
well he doesn't have to worry about that now does he. We are paying for his trips.
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Yes but the costs to run it... must be on totally different level compared to small private planes the rich usually have?
I think it costs about $2,500 an hour, though it may be a little less.
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There is no law requiring a person running for President to release his tax records. It's just a tradition. I suspect the reason he doesn't release his tax returns is because he used every legal loop hole to avoid paying taxes. I don't blame him. Who volunteers to pay more than they are required? It's shocking how businesses and the uber rich have ways to avoid paying taxes.
Another point is he isn't as rich as he use to be. The Clintons laugh at Trump's money.The Clintons claim they are worth 31 million when they did nothing but work in public office. Their multi-million dollar speeches are now going for $5 bucks a speech. Never mind the 1.8 billion in their foundation that they give token amounts to charity. That is their slush fund to play with.
Its not hard to avoid taxes when you understand inc's,llc's, lp's,llps's, Nevada and Delaware corps', etc...
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I think it costs about $2,500 an hour, though it may be a little less.
So little!?
Does that include wages of pilots, other staff?
Maintenance must be pretty expensive though.
Or is that 2500 per hour 24/7
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Many have suggested what you're saying.
But could he afford that huge private plane if he only had 200 million?
I mean it's not a fucking "Cessna" like private planes of most of the rich people but full size converted passenger jet. You typically only see heads of major countries rollin' in that kind of planes.
(https://www.aviationcv.com/aviation-blog/wp-content/uploads/2016/05/donald-trump-plane.jpg)
I think his plane was purchased second hand. Used to be a commercial airliner.
https://www.aviationcv.com/aviation-blog/2016/facts-donald-trumps-boeing-757
Usually such toys are owned by a company, not him privately
(For tax and liability reasons)
Also: Trump has a habit of beoing creative with reality. He bragged and exaggerated a lot in order to get publicity and more deals done.
It was sort of his business model
You never know how much debt someone has. Look at "normal" people: their house is actually owned by the bank. Their car by a lease company etc
All looks shine and wealthy on the outside. Trump's daughter once stated he had about 8 billion in debt
Not privately, but his companies
Add it all up and he's still rich, but very probably by far not as rich as he claims.
(I like him actually, don't agree with him on all things, but he has a refreshing and very get-it-done practical attitude)
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So little!?
Does that include wages of pilots, other staff?
Maintenance must be pretty expensive though.
Or is that 2500 per hour 24/7
No that's just the fuel cost. It was after he bought his newer plane with fuel saving upgrades, it used to cost him a lot more.