Trump-$1.2 Billion In Core Business Losses

[Cellblock2429]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

/——-/ losing money in business 30 years before becoming president is not an impeachable offense. But nice stretch.

 

[IM2]

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

By the time his master-of-the-universe memoir “Trump: The Art of the Deal” hit bookstores in 1987, Donald J. Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns.

Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.

The data — printouts from Mr. Trump’s official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and most detailed look to date at the president’s taxes, information he has kept from public view. Though the information does not cover the tax years at the center of an escalating battle between the Trump administration and Congress, it traces the most tumultuous chapter in a long business career — an era of fevered acquisition and spectacular collapse.

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

And this is the guy who is our president. He could not even run a small company. He lost over 1 billion dollars, but according to some here he is this great successful businessman. He has successfully conned his way into the presidency. And now he is conning people into believing he turned around an economy that was turned around when he got there and that a legitimate investigation is a coup.

How stupid are we in America?

 

[Norman]

So he's only... 3 billion dollars richer than Obama, the great community organizer?

Oh my... we totally got duped.

It's always a pleasure to point that someone is an idiot, when he thinks a self-made billionaire is a failure at business.

 

[georgephillip]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

Paid no income taxes in 8 out of 10 years?

Narco-a-lago: Money Laundering at the Trump Ocean Club, Panama | Global Witness

What will we discover from his last six years of returns?

Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off. But what I did over in Saudi Arabia, now that was just a hoot. I was earning $70,000 a year tax free and also had $10,000 of deductions that I used to burn off capital gains on my HD stock. I learned how to avoid paying taxes like Nancy Pelosi, Bill Clinton and his wife, even Barrack Hussain Obama, because if the ability to not pay taxes is only for smart people, then only the dumbasses are too stupid enough, to pay the full amount of taxes...

Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off.

Whose money did Trump lose over those ten years, his own or his casino bondholders? If he made $10 million trading stock and lost hundreds of millions of other people's money on his failed casinos and used those "losses" to offset his personal income, he's a fraud if not a tax cheat.

 

[skews13]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

So he's not even a millionaire. He's a thousandaire. I wonder what the people in Wisconsin, Michigan, and Pennsylvania are going to think about this. Especially after a lot of them have big tax bills now thanks to the tax cut he gave himself.

 

[airplanemechanic]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

Paid no income taxes in 8 out of 10 years?

Narco-a-lago: Money Laundering at the Trump Ocean Club, Panama | Global Witness

What will we discover from his last six years of returns?

Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off. But what I did over in Saudi Arabia, now that was just a hoot. I was earning $70,000 a year tax free and also had $10,000 of deductions that I used to burn off capital gains on my HD stock. I learned how to avoid paying taxes like Nancy Pelosi, Bill Clinton and his wife, even Barrack Hussain Obama, because if the ability to not pay taxes is only for smart people, then only the dumbasses are too stupid enough, to pay the full amount of taxes...

Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off.

Whose money did Trump lose over those ten years, his own or his casino bondholders? If he made $10 million trading stock and lost hundreds of millions of other people's money on his failed casinos and used those "losses" to offset his personal income, he's a fraud if not a tax cheat.

It still doesn't matter.

Zuckerberg lost 15 BILLION IN ONE DAY. Were you saying he was a criminal?

Facebook CEO Mark Zuckerberg loses more than $15 billion in wealth in a single day

Unless he stole the money it was his to lose. If I invest in your business because you sell me the bill of goods and you lose my money, that's not a crime.

It's no crime to lose money. It's not a crime to lose investors money. Dude, stop grasping at straws. He's your president and he's not going anywhere.

 

[progressive hunter]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

No it isn't anyone with a brain knows that when you risk a lot of money, you can lose or gain a lot of money. Nine out of ten businesses fail, that is why I don't begrudge those who make it big.

Dude simply lost a ton of money. Good businessmen make money.

well if you werent such a dumb POS you would know even though he lost 1.5 he made 6 billion,,,,so whats that tell you other than youre just suffering from a major case of TDS

 

[WTH_Progs?]

People learn how to succeed from their failures. They're the strong ones. In Trump''s case he's a billionaire, he kicked DC's ass, he really kicks Democrat ass, and he's doing us a great job.

 

[Cellblock2429]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

Paid no income taxes in 8 out of 10 years?

Narco-a-lago: Money Laundering at the Trump Ocean Club, Panama | Global Witness

What will we discover from his last six years of returns?

Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off. But what I did over in Saudi Arabia, now that was just a hoot. I was earning $70,000 a year tax free and also had $10,000 of deductions that I used to burn off capital gains on my HD stock. I learned how to avoid paying taxes like Nancy Pelosi, Bill Clinton and his wife, even Barrack Hussain Obama, because if the ability to not pay taxes is only for smart people, then only the dumbasses are too stupid enough, to pay the full amount of taxes...

Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off.

Whose money did Trump lose over those ten years, his own or his casino bondholders? If he made $10 million trading stock and lost hundreds of millions of other people's money on his failed casinos and used those "losses" to offset his personal income, he's a fraud if not a tax cheat.

/——-/ “What if” is not a valid reason to impeach a sitting president. But another great reach on Bizzaro’s world.

 

[IM2]

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

He lost more money than any other taxpayer.

Understand?

 

[Cellblock2429]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

So he's not even a millionaire. He's a thousandaire. I wonder what the people in Wisconsin, Michigan, and Pennsylvania are going to think about this. Especially after a lot of them have big tax bills now thanks to the tax cut he gave himself.

/——/ Why would a thousandaire give away his $250,000 yearly salary?

 

[skews13]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

Paid no income taxes in 8 out of 10 years?

Narco-a-lago: Money Laundering at the Trump Ocean Club, Panama | Global Witness

What will we discover from his last six years of returns?

A Deal Maker in Financial Distress


Every year from 1985 through 1994, Donald J. Trump reported a negative adjusted gross income on his tax returns. That number grew as new losses were combined with those from prior years. The New York Times previously found that Mr. Trump declared an adjusted gross income in 1995 of negative $915.7 million.

1987: “I don't do it for the money. I’ve got enough, much more than I’ll ever need.”

1990: “It’s been good financially.”

Rich Harris and Andrew Rossback/
The New York Times



About two weeks before the stock market crash of Oct. 19, 1987, he spent $29 million on a 282-foot yacht. Months later he bought the Plaza Hotel for $407 million. He recorded $42.2 million in core business losses for 1987, and $30.4 million for 1988.

In 1989, he bought a shuttle operation from Eastern Airlines for $365 million. It never made a profit, and Mr. Trump would soon pump in more than $7 million a month of his dwindling cash to keep it airborne, New Jersey casino regulators, who closely monitored his finances in those years, found.

Mr. Trump’s business losses that year soared to $181.7 million.

Then came the Trump Taj Mahal Hotel and Casino, which opened in April 1990 saddled with more than $800 million in debt, most at very high interest rates. It did not generate enough revenue to cover that debt, and sucked revenue from his other casinos, Trump’s Castle and Trump Plaza, pulling them deep into the red.

As a result, 1990 and 1991 represented the worst years of the period reviewed by The Times, with combined losses of $517.6 million. And over the next three years, as Mr. Trump turned over properties to his lenders to stave off bankruptcy, his core businesses lost an additional $286.9 million.

The 10-year total: $1.17 billion in losses.

 

[Papageorgio]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

No it isn't anyone with a brain knows that when you risk a lot of money, you can lose or gain a lot of money. Nine out of ten businesses fail, that is why I don't begrudge those who make it big.

Dude simply lost a ton of money. Good businessmen make money.

Not all. Failing is part of success. Bill Gates failed and continued to make mistakes with Microsoft. Henry Ford had two failed auto companies. Dyson, of the vacuum cleaner industry failed 5126 times, lost all his money and now is worth $4.1 billion. Harland Sanders was 65 and had $105 and a chicken recipe before he succeeded. Elizabeth Arden failed in her business. Mark Cuban has failed many times over. I started several businesses and failed and I have sold successful businesses.

Without risk, you can't have the success. Any real entrepreneur will tell you the same thing.

 

[Cellblock2429]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

Paid no income taxes in 8 out of 10 years?

Narco-a-lago: Money Laundering at the Trump Ocean Club, Panama | Global Witness

What will we discover from his last six years of returns?

A Deal Maker in Financial Distress


Every year from 1985 through 1994, Donald J. Trump reported a negative adjusted gross income on his tax returns. That number grew as new losses were combined with those from prior years. The New York Times previously found that Mr. Trump declared an adjusted gross income in 1995 of negative $915.7 million.

1987: “I don't do it for the money. I’ve got enough, much more than I’ll ever need.”

1990: “It’s been good financially.”

Rich Harris and Andrew Rossback/
The New York Times



About two weeks before the stock market crash of Oct. 19, 1987, he spent $29 million on a 282-foot yacht. Months later he bought the Plaza Hotel for $407 million. He recorded $42.2 million in core business losses for 1987, and $30.4 million for 1988.

In 1989, he bought a shuttle operation from Eastern Airlines for $365 million. It never made a profit, and Mr. Trump would soon pump in more than $7 million a month of his dwindling cash to keep it airborne, New Jersey casino regulators, who closely monitored his finances in those years, found.

Mr. Trump’s business losses that year soared to $181.7 million.

Then came the Trump Taj Mahal Hotel and Casino, which opened in April 1990 saddled with more than $800 million in debt, most at very high interest rates. It did not generate enough revenue to cover that debt, and sucked revenue from his other casinos, Trump’s Castle and Trump Plaza, pulling them deep into the red.

As a result, 1990 and 1991 represented the worst years of the period reviewed by The Times, with combined losses of $517.6 million. And over the next three years, as Mr. Trump turned over properties to his lenders to stave off bankruptcy, his core businesses lost an additional $286.9 million.

The 10-year total: $1.17 billion in losses.

/——-/ Who cares? This is supposed to chip away at his base support? Bwhahahaha Bwhahahaha

 

[IM2]

People learn how to succeed from their failures. They're the strong ones. In Trump''s case he's a billionaire, he kicked DC's ass, he really kicks Democrat ass, and he's doing us a great job.

No. He's making the same mistakes he made in business. Except when he lost in business only he lost. He's getting richer while people are losing money. He is not doing a good job.

 

[Cellblock2429]

People learn how to succeed from their failures. They're the strong ones. In Trump''s case he's a billionaire, he kicked DC's ass, he really kicks Democrat ass, and he's doing us a great job.

No. He's making the same mistakes he made in business. Except when he lost in business only he lost. He's getting richer while people are losing money. He is not doing a good job.

/——-/ Bwhahahaha Bwhahahaha you libtards are flailing in the wind.

 

[IM2]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

No it isn't anyone with a brain knows that when you risk a lot of money, you can lose or gain a lot of money. Nine out of ten businesses fail, that is why I don't begrudge those who make it big.

Dude simply lost a ton of money. Good businessmen make money.

Not all. Failing is part of success. Bill Gates failed and continued to make mistakes with Microsoft. Henry Ford had two failed auto companies. Dyson, of the vacuum cleaner industry failed 5126 times, lost all his money and now is worth $4.1 billion. Harland Sanders was 65 and had $105 and a chicken recipe before he succeeded. Elizabeth Arden failed in her business. Mark Cuban has failed many times over. I started several businesses and failed and I have sold successful businesses.

Without risk, you can't have the success. Any real entrepreneur will tell you the same thing.

He lost more money than any other taxpayer.

 

[IM2]

People learn how to succeed from their failures. They're the strong ones. In Trump''s case he's a billionaire, he kicked DC's ass, he really kicks Democrat ass, and he's doing us a great job.

No. He's making the same mistakes he made in business. Except when he lost in business only he lost. He's getting richer while people are losing money. He is not doing a good job.

/——-/ Bwhahahaha Bwhahahaha you libtards are flailing in the wind.

Nah!

 

[Toddsterpatriot]

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

He lost more money than any other taxpayer.

Understand?

He lost more money than any other taxpayer.

And then you twats whine when he writes those losses off against new income.

Understand?

Yes. You're a moron.

 

[georgephillip]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

Paid no income taxes in 8 out of 10 years?

Narco-a-lago: Money Laundering at the Trump Ocean Club, Panama | Global Witness

What will we discover from his last six years of returns?

Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off. But what I did over in Saudi Arabia, now that was just a hoot. I was earning $70,000 a year tax free and also had $10,000 of deductions that I used to burn off capital gains on my HD stock. I learned how to avoid paying taxes like Nancy Pelosi, Bill Clinton and his wife, even Barrack Hussain Obama, because if the ability to not pay taxes is only for smart people, then only the dumbasses are too stupid enough, to pay the full amount of taxes...

Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off.

Whose money did Trump lose over those ten years, his own or his casino bondholders? If he made $10 million trading stock and lost hundreds of millions of other people's money on his failed casinos and used those "losses" to offset his personal income, he's a fraud if not a tax cheat.

It still doesn't matter.

Zuckerberg lost 15 BILLION IN ONE DAY. Were you saying he was a criminal?

Facebook CEO Mark Zuckerberg loses more than $15 billion in wealth in a single day

Unless he stole the money it was his to lose. If I invest in your business because you sell me the bill of goods and you lose my money, that's not a crime.

It's no crime to lose money. It's not a crime to lose investors money. Dude, stop grasping at straws. He's your president and he's not going anywhere.

Zuckerberg lost 15 BILLION IN ONE DAY. Were you saying he was a criminal?

"Zuck never has to pay taxes again
By Edward J. McCaffery, Special to CNN

Updated 7:50 AM ET, Tue April 9, 2013"

Opinion: Zuckerberg never has to pay taxes again - CNN

Assuming the information in this six year old link is accurate, Zuck's a parasite and tax cheat. The fact he did nothing illegal only confirms the corruption at the heart of the US tax code.