Is Trump Headed For Yet Another Bankruptcy?

[bripat9643]

You like your Trump, no doubt, but lashing out at most who distain his antics is not good for you.

Biden supporters are not good for the rest of the country.

 

[schmidlap]

Trump's inflating the market value of his properties for borrowing and deflating it for tax assessment is being exposed.

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As of March 2021, the Bloomberg Billionaires Index estimates Trump’s net worth dropped by about $700 million in his last year of presidency.​

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Forbes reported that Trump was worth $3.7 billion when he first took office in 2016. That plummeted to $3.1 billion his first year in office, and then declined to $2.5 billion in 2020. ​

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He lost an additional $700 million following the Capitol Hill riots and his impeachment, when several organizations stopped doing business with Trump or any of his properties.​

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Additionally, the Capitol Hill riots resulted in Trump’s golf course losing the right to host the PGA championship tour in 2022, which will undoubtedly lead to lost marketing opportunities and reduced profits for the course.​

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In the days following his goons' attack on Congress, Shopify closed Trump’s online stores.​

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[Donald Trump Just Lost $700 Million – How Much Is He Worth?]​

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The chickens are coming home to yield dividends on Mar-a-Lago.

​

 

[Cellblock2429]

Trump's inflating the market value of his properties for borrowing and deflating it for tax assessment is being exposed.

​

As of March 2021, the Bloomberg Billionaires Index estimates Trump’s net worth dropped by about $700 million in his last year of presidency.​

​

Forbes reported that Trump was worth $3.7 billion when he first took office in 2016. That plummeted to $3.1 billion his first year in office, and then declined to $2.5 billion in 2020. ​

​

He lost an additional $700 million following the Capitol Hill riots and his impeachment, when several organizations stopped doing business with Trump or any of his properties.​

​

Additionally, the Capitol Hill riots resulted in Trump’s golf course losing the right to host the PGA championship tour in 2022, which will undoubtedly lead to lost marketing opportunities and reduced profits for the course.​

​

In the days following his goons' attack on Congress, Shopify closed Trump’s online stores.​

​

[Donald Trump Just Lost $700 Million – How Much Is He Worth?]​

​

The chickens are coming home to yield dividends on Mar-a-Lago.

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/----/ And you libtards celebrate Nancy Piglosi and other democRATs who became multi-millionaires while in office. So much for Trump using the office to line his pockets. Dumbass. Both Repubs and democRATs are making $$$$. Seems you'd give Trump credit for not working the system.

List of current members of the United States Congress by wealth - Wikipedia

en.wikipedia.org

 

[schmidlap]

/----/ And you libtards celebrate Nancy Piglosi and other democRATs who became multi-millionaires while in office.

Actually, I never mentioned Mr' or Mrs' Pelosi's financial matters, but if you need a diversion, you need a diversion.

I provided you with the multiple bankrupt's economic losses as reported by Bloomberg and Forbes, and prior mega-donors' refusal to finance his ongoing antics.

 

[Delldude]

I provided you with the multiple bankrupt's economic losses as reported by Bloomberg and Forbes, and prior mega-donors' refusal to finance his ongoing antics.

Were those bankruptcies allowed under the law?

It's the mega-donors money to spend where they wish.

 

[g5000]

The RNC fundraises the most amount of money. And they use that money to help candidates all over the country.

The down ballot candidates are chosen long before the national candidate, and this matters a lot when it comes to getting money to them from the RNC coffers.


I think a lot of wealthy donors are going to withhold their money from the RNC until they see who the national nominee ends up being.

If the nominee is Trump, they may not donate at all.

If the nominee is anyone but Trump, the money will come pouring in. But that will be too late in the game for all the races across the country.

 

[Cellblock2429]

Actually, I never mentioned Mr' or Mrs' Pelosi's financial matters, but if you need a diversion, you need a diversion.

I provided you with the multiple bankrupt's economic losses as reported by Bloomberg and Forbes, and prior mega-donors' refusal to finance his ongoing antics.

/——/ I didn’t specify you alone. But nice dodge. His casinos went bankrupt. He has 500 thriving businesses. But you don’t care about facts.

 

[Clipper]

With Joe Potatohead as illegal President of the United States of America is heading for bankruptcy.

You stupid inbred mentally ill Moon Bats were idiots voting for that incompetent piece of shit.

Keep soiling yourself over Trump. DEPENDS are not in short supply.

 

[Clipper]

I'm sure that if Trump becomes insolvent, it will be important to those he owes money to.

But not to you.

Trump shafted his debtors his whole life no matter how much cash he had. He's shafted debtors, contractors, vendors, employees, taxing authorities, the list goes on & on. Biggest deadbeat in history.

 

[Delldude]

Trump shafted his debtors his whole life no matter how much cash he had. He's shafted debtors, contractors, vendors, employees, taxing authorities, the list goes on & on. Biggest deadbeat in history.

Says who?

 

[Nostra]

Keep soiling yourself over Trump. DEPENDS are not in short supply.

DEPENDS are not in short supply.

Good thing for Poopy Joe.

 

[Chillicothe]

"He has 500 thriving businesses. But you don’t care about facts."

Ummm?
Are you sure about that?
Can you give us some authoritative sourcing on that?

A nano-search on Google indicates that the vast majority, maybe all, are simply filed LLC's....not up and running corporations with employees or market presence.

Rather, many are simply LLC's to sidesteps liabilities.... for his helicopter; or several hotel swimming pools; for the maintenance departments of several of his golf courses. And some are simply an LLC as a shell account to receive interests from an investment account, or income from a lease of his name, etc.

But, if you say he has "500 successful businesses".....well, give us the data, give names, give us some income stream statements that indicate their "success."

Without that I am skeptical of your statement.

Here's a hint for you, poster 'Cellblock'.....do you know who is the source of this assertion of "500 successful businesses"?

Yupper, Mr.Veracity himself.

Uh-oh.

 

[Chillicothe]

"Good thing for Poopy Joe."

These repeated references by your avatar over it's scatological obsession kinda sorta hints at some immaturity.
Actually, quite a lot of immaturity.

No disrespect intended.

 

[Cellblock2429]

Ummm?
Are you sure about that?
Can you give us some authoritative sourcing on that?

A nano-search on Google indicates that the vast majority, maybe all, are simply filed LLC's....not up and running corporations with employees or market presence.

Rather, many are simply LLC's to sidesteps liabilities.... for his helicopter; or several hotel swimming pools; for the maintenance departments of several of his golf courses. And some are simply an LLC as a shell account to receive interests from an investment account, or income from a lease of his name, etc.

But, if you say he has "500 successful businesses".....well, give us the data, give names, give us some income stream statements that indicate their "success."

Without that I am skeptical of your statement.

Here's a hint for you, poster 'Cellblock'.....do you know who is the source of this assertion of "500 successful businesses"?

Yupper, Mr.Veracity himself.

Uh-oh.

/——-/ Ummmm yeah. I’m sure. Get your Google fixed. The Trump Organization - Wikipedia

 

[Chillicothe]

Ummmm yeah. I’m sure. Get your Google fixed.

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Well, I had scanned through that piece before I posted what I did on those "500 successful businesses".
And ..... it didn't prove there ARE that number of such businesses.

Now to be sure, there may very well be 500 entities that have been designated under the LLC qualification.
But are they 'successful"? Are they really "businesses"?

A little more googling will indicate a lot of those 'entities'...are simply pass-thru shells. NOT..."businesses".

So there is that.

------------------------------------------

OK, with that said.....did you read the other entries in your Google link?

Stuff like this:

• "By mid-2016, it was alleged that the organization, specifically under the leadership of Donald Trump, has a history of not paying for services rendered. Several hundred contractors or workers for the organization have filed lawsuits or liens saying they were not paid for their work, and others say they had to settle for cents on the dollar.[74]"
  
• "Trump's eldest son, Donald Jr., was quoted as saying at a 2008 New York real estate conference, "In terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets ... We see a lot of money pouring in from Russia."
• "......how the organization was funding its golf resort acquisitions, to which Trump responded, "Well, we don't rely on American banks. We have all the funding we need out of Russia."
  
• "Many developers pay Donald Trump to market their properties and be the public face for their projects.[197] For that reason, Trump does not own many of the buildings that display his name"

 

[g5000]

Says who?

Wow. Your propagandists really keep you ignorant and stupid, don't they.

 

[g5000]

He has 500 thriving businesses. But you don’t care about facts.

You said this with no sense of irony at all.

 

[g5000]

/——-/ Ummmm yeah. I’m sure. Get your Google fixed. The Trump Organization - Wikipedia

It turns out a lot of those are successful frauds. It's all coming to light now. His CFO is going to jail.

 

[Delldude]

Wow. Your propagandists really keep you ignorant and stupid, don't they.

Nothing like a link to support ones propaganda, 'eh?

 

[lennypartiv]

His CFO is going to jail.

Guilt by association?