Trump's Tax Returns Reveal Massive Personal Debts, Tax Liabilities And Staggering Business Losses - YouTube

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>> Stephen: FANTASTIC.
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FANTASTIC TO BE HERE, EVERYBODY.
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WELCOME TO "A LATE SHOW."
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I'M YOUR HOST STEPHEN COLBERT.
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PUT THE COFFEE DOWN, DON'T WANT ANYBODY TO GET BURNED.
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WE'VE HAD SOME FUN WITH DONALD TRUMP OVER THE YEARS.
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WE'VE LAUGHED, WE'VE CRIED, WE'VE MOSTLY CRIED.
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BUT EVERY ONCE IN A WHILE YOU GET A TROUBLING REMINDER THAT
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HE'S PRESIDENT.
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LKE THIS WEEKEND WHEN, TO FILL RUTH BADER GINSBERG'S SEAT ON
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THE SUPREME COURT, TRUMP NOMINATED FEDERAL JUDGE AND
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IN-HOUSE ATTORNEY AT WESTWORLD, AMY CONEY BARRETT.
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SENATE REPUBLICANS CELEBRATED BY HAWKING FUNDRAISING T-SHIRTS
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THAT SAY, "NOTORIOUS A.C.B."
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R.B.G.'S NOT EVEN IN THE GROUND YET AND YOU'RE STEALING HER
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NICKNAME?
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THAT'S THE MOST GHOULISH MOVE SINCE 1865 WHEN ANDREW JOHNSON
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CALLED HIMSELF HONEST ANDY.
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"I SHALL NOT PERISH FROM THIS EARTH."
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A LOT OF VOTERS SEE THIS AS JUST A NAKED POWER GRAB, BECAUSE
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ACCORDING TO A RECENT "WASHINGTON POST"-ABC
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NEWS-FROSTED FLAKES POLL, 57% OF AMERICANS SAY THE SUPREME
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COURT PICK SHOULD BE LEFT TO THE WINNER OF THE PRESIDENTIAL
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ELECTION.
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THE MAJORITY OF AMERICANS DON'T WANT TRUMP TO FILL R.B.G.'S SEAT
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RIGHT NOW.
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BUT, IF THE MAJORITY OF AMERICANS GOT WHAT THEY WANTED
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HILLARY CLINTON WOULD BE PRESIDENT, JON SNOW WOULD BE ON
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THE IRON THRONE, AND MALLOMARS WOULD BE AVAILABLE YEAR ROUND.
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COME ON, NABISCO!
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HAVE YOU HEARD OF REFRIGERATED TRUCKS?
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SEASONAL COOKIE MY ASS!
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FIGHT IT?
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FIGHT IT.
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BUT THERE'S NOT A LOT DEMOCRATS CAN DO TO STOP BARRETT FROM
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BEING CONFIRMED.
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AS ILLINOIS SENATOR DICK DURBIN EXHALED THIS WEEKEND:
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>> WE CAN SLOW IT DOWN PERHAPS A MATTER OF HOURS, MAYBE DAYS AT
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THE MOST, BUT WE CAN'T STOP THE OUTCOME.
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>> STEPHEN: SENATOR DURBIN IS RIGHT.
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JUSTICE BARRETT IS INEVITABLE.
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LIKE DEATH AND DONALD TRUMP NOT PAYING HIS TAXES.
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SPEAKING OF WHICH, LAST NIGHT WE LEARNED "'THE NEW YORK TIMES'
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OBTAINED DONALD TRUMP'S TAXES FOR THE LAST 20 YEARS."
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WE GOT THE RETURNS!
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AND TRUMP IS IN SOME DEEP W-2 DOO.
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NOW, "THE NEW YORK TIMES" WOULDN'T REVEAL THEIR SOURCES,
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BUT WE DO HAVE THIS EXCLUSIVE LEAKED FOOTAGE OF "TIMES"
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REPORTERS OBTAINING TRUMP'S RETURNS.
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(SUSPENSEFUL MUSIC) NOT SURE WHY IT CUTS BACK TO
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ALFRED MOLINA SO LONG THERE AT THE END.
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HE'S A FINE ACTOR BUT I THINK WE'RE DONE WHEN HE GETS THE
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TAXES.
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( BLEEP ).
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( LAUGHTER ) ( CRUNCHING SOUNDS )
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ONE OF THE BIG HEADLINES IS THAT IN 2016, THE YEAR HE WON THE
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PRESIDENCY, TRUMP PAID $750 IN FEDERAL INCOME TAXES.
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( LAUGHTER ) $750?!
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TRUMP PAID STORMY DANIELS $130,000, AND HE SCREWED THE
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COUNTRY WAY MORE.
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AND 750'S GENEROUS BECAUSE, TURNS OUT, TRUMP PAID NO INCOME
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TAXES AT ALL IN TEN OF THE PREVIOUS 15 YEARS.
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PARTLY BECAUSE OF QUESTIONABLE SO-CALLED BUSINESS EXPENSES,
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INCLUDING MORE THAN $70,000 PAID TO STYLE HIS HAIR DURING "THE
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APPRENTICE."
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HE SPENT $70,000 ON THAT?
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I CAN'T BELIEVE I'M GOING TO SAY THIS, BUT... HE SHOULD HAVE PAID
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MORE.
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TRUMP FOUND SO MANY LOOPHOLES THAT IN 2010, HE CLAIMED, AND
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RECEIVED, AN INCOME TAX REFUND TOTALING $72.9 MILLION.
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I ASSUME WHEN THE GOVERNMENT SENDS YOU A REFUND THAT BIG, THE
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CHAIRMAN OF THE FED SHOWS UP WITH A GIANT NOVELTY CHECK.
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AND YOU KNOW HOW TRUMP'S ALWAYS TALKING ABOUT HOW HE'S UNDER
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AUDIT?
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TURNS OUT, THAT'S BECAUSE THE I.R.S. ISN'T CERTAIN THAT
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TRUMP'S REFUND WAS, UH, THE LEGAL.
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AND HE BETTER WIN THIS AUDIT, BECAUSE IF HE LOSES HE WOULD OWE
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THE I.R.S. TAXES AND PENALTIES THAT COULD EXCEED $100 MILLION.
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(AS TRUMP) "HEY, MEXICO, FORGET ABOUT THAT
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WALL.
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JUST PAY FOR MY TAX BILL.
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UNCLE SAM'S GONNA TAKE MY THUMBS.
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HE'S GONNA TAKE MY THUMBS!" THERE'S A GOOD CHANCE OL' FAKE
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BILLIONAIRE PRESIDENT WOULDN'T BE ABLE TO PAY THAT BILL
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BECAUSE TURNS OUT THE PRESIDENT'S BUSINESSES HAVE
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AMASSED CHRONIC LOSSES THAT HE AGGRESSIVELY EMPLOYS TO AVOID
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PAYING TAXES.
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IT'S A CLASSIC "PRODUCERS" SITUATION.
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TRUMP TRIED TO EARN MORE MONEY WITH A FLOP THAN WITH A HIT.
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ALSO, THERE ARE NAZIS.
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IN FACT, SINCE 2000, TRUMP'S BELOVED GOLF COURSES HAVE BEEN
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$315.6 MILLION IN THE HOLE.
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SOMEONE NEEDS TO EXPLAIN TO HIM THAT IN GOLF YOU WANT A LOW
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SCORE, IN GOLF BUSINESS YOU REALLY DON'T WANT TO FINISH 315
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MILLION UNDER PAR.
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ONE OF THE FEW THINGS THAT EARNED TRUMP ANY MONEY WAS "THE
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APPRENTICE," WHICH BROUGHT HIM A TOTAL OF $427 MILLION.
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SO TRUMP MADE MORE MONEY IN REALITY TV THAN HE DID IN
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REALITY.
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THAT EXPLAINS HIS NEW SERIES "SO YOU THOUGHT HE WAS A
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MILLIONAIRE."
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NOW, SOME ARE SAYING HIS DIRE FINANCIAL STRAITS PROVE THAT HE
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ONLY RAN FOR PRESIDENT TO REANIMATE THE MARKETABILITY OF
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HIS NAME.
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BUT IT'S A CLASSIC BRANDING STRATEGY.
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>> ADVERTISING IS BASED ON ONE THING --
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>> DESTROYING DEMOCRACY!
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>> Stephen: IN ADDITION TO TRUMP'S BUSINESS
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LOSSES, HE IS PERSONALLY RESPONSIBLE FOR LOANS AND OTHER
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DEBTS TOTALING $421 MILLION.
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TO PUT THAT IN LAYMEN'S TERMS: I CAN'T.
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IT'S $421 MILLION.
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BUT I WILL SAY THIS: WHEN I GRADUATED FROM COLLEGE, I OWED
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MY UNIVERSITY $100, 'CAUSE I LOST A LIBRARY
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BOOK, AND THEY WOULDN'T SEND ME MY DIPLOMA.
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I HAD TO BORROW IT FROM MY MOM.
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BUT $421 MILLION, NORMALLY YOU DON'T FIND SOMEONE WHO OWES THAT
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KIND OF MONEY IN THE OVAL OFFICE.
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YOU FIND THEM WASHED UP ON THE BANKS OF A RIVER.
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AND TRUMP ONLY LOOKS LIKE HE WASHED UP ON THE BANKS OF A
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RIVER.
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♪ ♪
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♪ >> BLOAT GLOAT SLAM!
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>> STEPHEN: SO, SOMEBODY OUT THERE, WE DON'T KNOW WHO, HAS
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GOT THE LEADER OF THE FREE WORLD BY THE SHORT HAIRS.
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IF HE GETS REELECTED, AIR FORCE ONE IS GONNA END UP ON
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"PAWNSTARS."
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"BEST I COULD DO IS $2,000.
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IT'S GOT A LOT OF HAMBURGER STAINS."
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IT'S BAD, IT'S VERY, VERY BAD FOR A PRESIDENT TO OWE SO MUCH
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MONEY.
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IN FACT, SIGNIFICANT DELINQUENT DEBT DISQUALIFIES MOST PEOPLE
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FROM OBTAINING A GOVERNMENT SECURITY CLEARANCE BECAUSE IT'S
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A POINT OF LEVERAGE FOR FOREIGN ADVERSARIES.
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YOU CAN'T TRUST ANYONE WITH THAT KIND OF CONFLICT OF INTEREST.
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YOU WOULDN'T WANT TO GO IN FOR LIVER SURGERY AND FIND OUT YOUR
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DOCTOR OWES A LOT OF MONEY TO HANNIBAL LECTER.
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"IS THE PATIENT SEDATED?
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GREAT, OPEN THE CHIANTI AND START SAUTEÉING THE FAVA BEANS."
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NOW, OF COURSE THE PRESIDENT HAD A RESPONSE TO THESE ALLEGATIONS.
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AND MUCH LIKE THE FINANCES THEMSELVES, IT DOESN'T EXACTLY
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STAND UP TO SCRUTINY.
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HE TWEETED, "THE FAKE NEWS MEDIA, JUST LIKE ELECTION TIME
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2016, IS BRINGING UP MY TAXES AND ALL SORTS OF OTHER NONSENSE
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WITH ILLEGALLY OBTAINED INFORMATION AND ONLY BAD
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INTENT."
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WAIT.
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IT CAN'T BE BOTH MADE UP AND ILLEGALLY OBTAINED.
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IT'S A LIKE A HUSBAND SAYING "I'M NOT SLEEPING WITH YOUR
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SISTER!
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ALSO, WLKING IN ON US WAS A HUGE VIOLATION OF OUR PRIVACY."
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THIS WEEKEND, JOE BIDEN PICKED UP A KEY ENDORSEMENT: FORMER
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PROFESSIONAL WRESTLER AND BUILDING THAT WISHED TO BE A
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REAL BOY, DWAYNE "THE ROCK" JOHNSON."
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JOHNSON MADE HIS ANNOUNCEMENT IN A VIDEO ON SUNDAY MORNING.
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>> HAPPY SUNDAY, EVERYBODY.
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WE ARE APPROXIMATELY FIVE WEEKS AWAY FROM ELECTION DAY.
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ARGUABLY THE MOST CRITICAL ELECTION OUR COUNTRY HAS SEEN IN
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DECADES.
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>> STEPHEN: POWERFUL WORDS-- I ASSUME.
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I WASN'T LISTENING BECAUSE I WAS TOO DISTRACTED BY HOW
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ABSOLUTELY MEAT-BEEFED HE IS!
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GOOD GOD.
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IT'S LIKE SOMEONE STUFFED A CASHMERE SWEATER FULL OF BOWLING
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BALLS.
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JEFF KOONS CALLED.
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HE WANTS HIS STEEL BALLOON ANIMAL BACK.
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♪ ♪
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♪ >> POP ART SLAM!
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>> STEPHEN: THE ROCK ALSO POSTED A CLIP FROM A ZOOM CALL HE DID
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WITH BIDEN AND KAMALA HARRIS WHERE HE HAD A QUESTION FOR
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THEM: >> HOW WILL THE BOTH OF YOU EARN
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THE RESPECT OF THE AMERICAN PEOPLE
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ONCE YOU'RE IN THE WHITE HOUSE?
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>> BY DOING WHAT WE SAY WE'RE GONNA DO.
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BY KEEPING OUR WORD THE AMERICAN PEOPLE ARE STRONG,
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THEY'RE TOUGH.
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>> STEPHEN: OKAY, ARE YOU JUST SAYING THAT BECAUSE YOU'RE
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LOOKING AT THE ROCK?
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(AS BIDEN) "THEY'RE STRONG!
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THEY'RE TOUGH.
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THEY'RE BALD!
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THEY'RE 'JUMANJI,' THEY'RE 'FAST & FURIOUS,' THEY'RE HOBBES,
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THEY'RE SHAW, THEY'RE 'BALLERS,' JACK!
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COME ON!" JOHNSON ALSO HAD KIND WORDS FOR
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BIDEN'S RUNNING MATE: >> KAMALA, I'M GONNA EMBARRASS
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YOU JUST FOR A LITTLE BIT BECAUSE I'M GONNA TALK ABOUT
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YOUR-- YOUR AMAZING EXPERIENCE.
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YOU HAVE BEEN AN ATTORNEY, A DISTRICT ATTORNEY, A STATE
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ATTORNEY, A U.S. SENATOR, SMART, TOUGH.
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I'VE SEEN YOU IN THOSE HEARINGS AND, UM, IN MY OPINION, YOU ARE
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A CERTIFIED BADASS.
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>> STEPHEN: WOW, THAT IS HIGH PRAISE.
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THE ROCK CERTIFYING YOU A BADASS IS LIKE TRUMP CERTIFYING YOU AS
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HAVING A BAD AS.
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(AS TRUMP) "VERY DUMPY.
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VERY DIMPLY.
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NICE PUDDIN' PANTS.
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YOU COULD REALLY PUNISH THE PORCELAIN WITH THAT TERRIBLE
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TUSH."
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NOW, THIS ENDORSEMENT COULD GIVE BIDEN AN EDGE IN SWING STATES
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LIKE NORTH CAROLINA, WHERE THE PRESIDENTIAL RACE IS TIGHT.
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ALTHOUGH NOT NEARLY AS TIGHT AS THE ROCK'S SWEATER!
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I MEAN, COME ON!
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IT'S LIKE A PILE OF CANTALOUPES SQUEEZED INTO A ONESIE FROM THE
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BABY GAP!
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IT'S TOO BAD FOR TRUMP THAT HE DIDN'T LOCK DOWN THE "FAST &
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FURIOUS" VOTE, BECAUSE ACCORDING TO A BRAND NEW "WASHINGTON
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POST"-ABC NEWS-E.L. FUDGE POLL, NATIONALLY, BIDEN HOLDS A
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COMMANDING TEN POINT LEAD.
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BUT REMEMBER, THAT'S WITH A MARGIN OF ERROR OF PLUS OR MINUS
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ONE ELECTORAL COLLEGE.
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AND WEIRDLY, MEN HAVE NOT HAD MUCH CHANGE OF HEART FROM FOUR
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YEARS AGO, BECAUSE "TRUMP'S LEAD AMONG MEN IS ABOUT THE SAME AS
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HIS MARGIN OVER HILLARY CLINTON IN 2016."
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COME ON, MY MANS!
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YOU'RE CLINGING TO TRUMP LIKE A WORN OUT PAIR OF BRIEFS.
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LET HIM GO, HE'S NOTHING BUT LOOSE WAISTBAND AND SKID MARKS,
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AND HE'S MAKING THE WOMEN IN YOUR LIFE LOSE SEXUAL INTEREST!
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SPEAKING OF WOMEN LOSING INTEREST, "WHITE WOMEN-- A GROUP
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THAT TRUMP WON BY NINE POINTS BACK IN 2016, NOW FAVOR BIDEN BY
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A 15 POINT MARGIN."
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WOW, THAT'S A 24-POINT SWING.
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AND THE FIRST TIME TRUMP HAS MADE THAT MANY WOMEN GO AWAY
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WITHOUT HAVING TO PAY THEM.
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♪ ♪
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>> STORMY SLAMIELS!
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>> STEPHEN: WE'VE GOT A GREAT SHOW FOR YOU TONIGHT.
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MARIAH CAREY IS HERE.
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BUT WHEN WE COME BACK, I'LL PREVIEW TOMORROW'S DEBATE.
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♪ ♪