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Megathread: Long-Concealed Records Show President Trump’s Losses and Years of Tax Avoidance | Part II

President Donald Trump paid just $750 in federal income taxes in both 2016 and 2017, the New York Times reported Sunday, citing tax-return data.
Megathread Part I

Submissions that may interest you

SUBMISSION DOMAIN
The New York Times Publishes Bombshell Report on Donald Trump's Tax Returns esquire.com
Trump Holds $421 Million In Debt, Could Owe IRS $100 Million In Penalties, Times Says huffpost.com
Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance nytimes.com
Donald Trump 'paid $750 in federal income taxes in 2016' - New York Times bbc.com
‘Freeloader-In-Chief’: Twitter Afire Over Explosive Trump Tax Return Report. “Raise your hand if you pay more taxes than supposed ‘billionaire’ Donald Trump.” huffpost.com
18 Revelations From a Trove of Trump Tax Records nytimes.com
Trump paid no income taxes in 10 of last 15 years, with president’s financial challenges mounting theglobeandmail.com
5 takeaways from NY Times report on Trump's tax returns apnews.com
Report: Financial records appear to show Ivanka Trump got 'consulting fees' to reduce father's tax bill theweek.com
New Biden campaign ad jabs at Trump's reported $750 income tax payments thehill.com
Trump's tax revelation could tarnish image that fueled rise apnews.com
Trump’s tax revelation could tarnish image that fueled rise detroitnews.com
Tax bombshell reveals Trump's image is a sham cnn.com
Ocasio-Cortez: Trump contributed less in taxes 'than waitresses and undocumented immigrants' thehill.com
Biden campaign sells 'I paid more income taxes than Trump' stickers thehill.com
New York Times: Trump paid no income taxes in 10 of past 15 years beginning in 2000 cnn.com
Report: Donald Trump Pays Less In Taxes Than People Living Below the Poverty Line, Most Likely Because He’s A Crook vanityfair.com
Trump avoided paying taxes for years, largely because his business empire reported losing more money than it made, report says washingtonpost.com
What the Donald Trump tax return revelations could mean for his re-election chances 9news.com.au
Donald Trump paid no income tax in 10 of last 15 years: NY Times - US & Canada aljazeera.com
Video: Trump Calls Years of Tax Avoidance ‘Fake News,’ Attacks I.R.S. nytimes.com
Trump’s huge losses and a $70,000 hairstyling bill: Six key findings from bombshell tax report independent.co.uk
Biden Campaign Shreds Trump With New Ad, Snarky Merch After Stunning Tax Report huffpost.com
Trump Tax Returns Show He’s a Populist Fraud thebulwark.com
Trump's tax revelation could tarnish image that fueled rise apnews.com
Trump’s Massive Hairstyling Bill Revealed In NYT Bombshell Tax Report huffpost.com
Trump criticised Obama for only paying 20.5% tax in 2012 — a new NYT report shows Trump paid no income tax that year businessinsider.com
Trump’s tax avoidance is a national disgrace. Don't let him blame 'the system' - Americans paid for Trump’s $73m tax refund – and he’s laughing all the way to the bank theguardian.com
Trump income tax filings reveal chronic losses, tax avoidance detroitnews.com
Trump has lost more than $315 million on his golf courses over the last 20 years, bombshell report finds businessinsider.com
Michael Cohen says Trump "should do 360 years" in prison after tax returns revealed newsweek.com
‘An ER visit costs more’: Trump’s reported $750 tax bill inspires a rush of comparisons washingtonpost.com
First Thing: Trump’s tax returns finally released, just in time for election theguardian.com
The Finance 202: Trump's tax avoidance is already breaking through to the presidential campaign washingtonpost.com
Trump's Election Odds Worsen After Tax Returns Released, Bookmakers Say newsweek.com
The Trump Tax Bombshell nytimes.com
Donald Trump ‘a bad businessman or a tax cheat – probably both’, say accountants theguardian.com
Trump Tax Returns the 'Rosetta Stone' for Understanding His Corruption, Michael Cohen Says newsweek.com
Biden Campaign Pounces On NYT Bombshell Report On Trump’s Tax Returns talkingpointsmemo.com
Why Donald Trump’s Tax Returns Matter — Business failures, shady tax dodges, conflicts of interests—now we know why he didn’t release them. motherjones.com
Donald Trump's tax returns reveal why he really ran for president cnn.com
Trump tax records show duplicity. That's devastating for his campaign. nbcnews.com
18 revelations from a trove of Trump tax records boston.com
Ten times Trump shamed others on tax bbc.com
Trump paid more in tax to foreign countries than to US - He made payments to authorities in Panama at an amount of $15,598 (£12,127), some twenty-one-times bigger than his contributions in the United States independent.co.uk
Trump Is Just Another Moocher - The president is running out of time, and his tax returns just dispelled all his pretensions to wealth and sacrifice. theatlantic.com
Trump tax returns show he paid no taxes for 10 years, claimed golf courses lost $315 million: report. After avoiding taxes for a decade, Trump paid just $750 in income tax in 2016 and 2017 salon.com
Trump’s long-hidden tax returns make him look like a terrible businessman, or a cheat. Probably both. washingtonpost.com
Perspective - Trump is either a tax fraud or the world’s worst businessman washingtonpost.com
Former GOP governor says Trump has "no empathy" and "no transparency" after report on president's tax avoidance newsweek.com
Don Jr. Accuses NYT Of Publishing Trump Tax Bombshell To Give Biden 'Attack Line' Before Debate talkingpointsmemo.com
Ordinary People Are Sharing All The Times They Paid More Income Tax Than Donald Trump - "I paid more than $750 in income taxes working 39 hours a week at Starbucks during college." buzzfeednews.com
Biden campaign seizes on Trump tax report to underscore 'Scranton vs. Park Ave' message cnn.com
No, The New York Times Did Not Break the Law by Exposing President Trump’s Tax Returns lawandcrime.com
Trump Erupts at Bombshell Report Revealing He Pays Almost No Federal Income Tax independent.co.uk
Report of Trump’s tax-dodging buttresses Biden’s ‘Scranton v. Park Ave.’ theme latimes.com
Trump earned $73 million in revenue from foreign business deals during his first two years in office, according to a review of the president's tax returns businessinsider.com
Trump’s Tax Evasion Is an Indictment of American Plutocracy thenation.com
Trump defends tax practices while bashing New York Times report thehill.com
Democrats Say Trump Tax Returns Report Shows His 'Disdain' For Working Families npr.org
‘Do as I say not as I do’: Trump’s old tweet attacking Obama’s tax bill comes back to haunt him independent.co.uk
Trump tried new line of defense amid tax scandal politico.com
Trump's Tax Returns Expose Him as a Massive Failure Who Survived in Age of Plutocracy esquire.com
Trump's Reported $750 Tax Bill is Smaller Than the Average Payment for an American Household Making $20,000 a Year businessinsider.com
Biden Wastes No Time Hitting Trump on Tax Returns usnews.com
The Government’s Probably Spent More at Trump Properties Since 2017 Than He’s Paid in Income Tax for a Decade washingtonpost.com
‘Do as I say not as I do’: Blockbuster NYT report casts new light on Trump’s tax rhetoric washingtonpost.com
'Two days rent in Trump Tower costs more': Trump's reported $750 tax bill inspires a rush of comparisons independent.co.uk
submitted by PoliticsModeratorBot to politics

If you ain't getting into PLTR, you're missing out - here's why:

Listen up, retards, half of y'all laughed me out the room the last time I posted DD about Palantir, well fuck all y'all haters because I'm back with more:
TL;DR - PLTR 150 12/31/21
Now let's get started:
So, Palantir is up 105% from its average low of about 9 bucks. For the autists who bought in at the low, congrats and fuck you. For the retards who fomo'd in yesterday at ATH - I still love you, but 711k? That's ballsy.
Now I'm sure you're wondering: where the fuck is PLTR's ceiling?

PLTR's advantages, now with some data

I'll admit, most of my previous DD was equal parts BS and equal parts cocaine fueled shitposting that had a semblance of logic and formatting. But this time, I have facts in addition to my cocaine fueled shitposting.
Realistically, Palantir's biggest advantage is that it helps large companies streamline their own disparate datasets without needing the companies do anything to that data.
This means: Palantir clients don't have to change the way they operate to gain additional insights.
Essentially, a client would use Palantir's suite of tools like Gotham to parse through all of their data so that they can make better use of said data. This part from their IR report gets quoted a lot, but it's worth looking at:
An oil and gas customer, one of the largest energy companies in the world, identified a new opportunity to use our software to save costs in connection with oil exploration activities and generated $57 million in cash savings within weeks of starting to use our platform.
The energy company identified an additional $315 million in cost savings opportunities using our software, and the company’s management is currently targeting $1 billion in total savings in the coming year through the use of our platform.
Again, keep in mind that all of this is happening without the client changing their data - i.e. no need to hire a dedicated team to handle data migration (along with all the risks associated with that), and no need to train their existing team to learn a new method for data entry.
Essentially: with minimal disruption to operations, this client is suddenly able to identify pathways for savings by using Palantir.
The best part?
This client can't leave Palantir because Palantir didn't change anything on the client's end. All Palantir did was give the client a tool that connects some dots between dataset A and dataset B that were previously unconnected.
Get rid of Palantir, and that connection is lost: this is because dataset A and dataset B used to never talk to each other, and they'll probably still never talk to each other. All Palantir did was help the humans behind the wheel see the connection.
This means Palantir's non-government contracts are likely to be very sticky. Moreover, in instances of mergers and acquisitions, the marrying of data is usually a huge headache. If that headache can be reduced, then it smooths out potential friction in operations and allows new acquisitions to more quickly start performing and generating ROI for their new parent company.

Palantir's Future

Palantir has a very bright future ahead of it for the following reasons:
  • Large total addressable market
  • Clean balance sheet
  • Closer integration with the military
Palantir's total addressable market is estimated at 119 billion dollars. For you retards who don't know what TAM means, I'll spell it out for you:
Total Addressable Market is a term that is typically used to reference the revenue opportunity available for a product or service.
But keep in mind that just because TAM is high doesn't necessarily mean that will all translate into income. As competitors emerge, they will eat into that market. But until a competitor can find the 21st century Osama bin-Laden, or help the US military fight an informationized war (more on that later), I don't think they'll be able to hold a candle to Palantir's capabilities.
Which brings me to my next point: Palantir's balance sheet is sexy as fuck.
During their most recent earning call, they revised their revenue guidance upward to 1.07 to 1.072 billion in 2020. Let that number sink in. This is a 2500-person company bringing in over a BILLION dollars per year in revenue in what will most likely be incredibly sticky revenue.
But retard, I can hear you say, you didn't see how much they lost.
I did, you asshole. And I'm getting to it:
Palantir's main losses came from employee stock compensation. Namely:
The company reported a third-quarter net loss of $853.3 million, or 94 cents a share, compared with a loss of $144.1 million, or 24 cents a share, in the year-ago period. Its adjusted loss was $73 million, adjusted for $847 million in stock-based compensation.
Personally, I don't see this as a loss, because retaining strong human talents in this space will be crucial for Palantir's continued dominance in this particular space. The stock-based compensation accounts for 99.26% of its entire third quarter net loss.
Again, let that shit sink in.
Meanwhile, Palantir grew its revenue:
Palantir brought in revenue of $289 million, a 52% increase from revenue of $191 million in the third quarter last year.
So long as Palantir can keep its stock-based compensation at a steady value--and I have no reason to believe that they won't--then, their continued increase in revenue will eventually outpace any such loss in the future.
But most importantly, they have 1.8 billion in cash and cash equivalents as of Sep 30th. Sitting on a pile of cash gives them operational flexibility and can help pad any unexpected issues that might arise.
Which brings us to the final big point:

Palantir and the Military

I'll just link the Q3 earnings presentation for you because it's got pretty pictures that you retards love. But here are the main points:
  • Palantir software is becoming the de facto operating system of US and Allied Defense
  • 2-year, $91M contract with US army research lab for AI and ML development
  • Enabling Mission Command for NORAD & USNORTHCOM Joint All-Domain Command & Control (N/NC JADC2)
Palantir software is becoming the de facto operating system of US and Allied Defense
We're moving towards an era of even greater integration and interoperability in the military--not just between different branches but between different nation's militaries as well. One of the key factors that allowed the Allies to kick the shit out of Nazi Germany was a unified command structure.
Palantir is building just that for the US and her allies.
Think of how inefficient the military is, especially a military alliance that spans multiple nations, multiple languages, and multiple different command structures.
Think of how dumb your average crayon-eating grunt is. You think Lance Corporal Fuckface is going to learn French or German or Polish so he can coordinate effectively with his counterpart in NATO and call in an airstrike? Or you think he'll just go through a simplified process of calling it in to the US chain of command, and that data gets relayed via Palantir's services to the appropriate French jet on station to deliver some ordnance?
US Army Research Lab Implication
This is the kind of shit that the US army uses AI and ML for:
  • Identifying Chinese and Russian airbases, missile sites, and radars
  • Significantly cut down on the amount of time a human has to sift through satellite images
This forms the informational logistical backbone in the era of informational warfare. Here is the example image from the slideshow where Palantir is used to identify an airbase in the Russian Far East, identifying crucial equipment and logistical nodes that can be prioritized in a war.
N/NC JADC2 Implications
Palantir outright states that they're using AI to help provide course of action development to NORAD. It means we're one step closer to Skynet, baby! But more importantly, Palantir placed what looks to be an image of a SIGINT/ELINT op off the coast of Kamchatka.
But that's not what you should focus on. You should focus on the fact that Palantir is now a crucial part of mission command in NORAD operations. Y'all remember Desert Storm? How the US Air Force basically clowned on Saddam's army for a month straight? That shit didn't emerge in a vacuum. It took 9 months of non-stop mission planning and 24/7 command and control during the op.
Palantir's mission is to make the planning and command process of a similar op in the future far more streamlined. And given that China has more or less set a deadline for the reunification of Taiwan in 2049, the US needs to gear up for a major war in the Pacific while keeping an eye on Russia to make sure they don't try and rebuild the Soviet Union.
And guess who will be passing all those delicious bits of data back and forth that entire time?
Palantir.
EDIT: All you assholes telling me I jinxed it, consider this your chance to buy shares on the cheap.
All you retards buying FD's, just switch to ITM LEAPs.
EDIT 2: Palantir Enters Mission Command Space with US Army Futures Command Prototype
Palantir Technologies (NYSE:PLTR) announced today it was chosen by the US Army to receive one of two prototype contracts for the Common Data Fabric and Data Security solution to support network design experimentation for the Army’s next network modernization set of technology, termed Capability Set 23.
This marks the first time Palantir’s Gotham software is being integrated with the Army’s latest mission command software application, called the Command Post Computing Environment (CPCE), making Palantir a key partner in accelerating the Army’s modernization. CPCE is now being fielded across the force, providing commanders with better visualization tools, common applications and new server infrastructure. The prototype will work at the intersection of intelligence, mission planning and execution, providing a single, integrated solution to give commanders a global operational picture to make better data-driven decisions.
Fuck all y'all haters
submitted by bestgopmemes to wallstreetbets

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