Trump is no genius. He had a legitimate business right off in 1995 for 916 million in loss's.
But what this really says Is that all of his business's, the golf courses, all of the hotels, all the casinos, & every single business he claims to own (all waded together) have failed to produce 916 million in revenues over the last 18 years to offset the 1995 year loss.
And that's the astounding part of all of this. This while Trump brags about a 10 billion net worth, which is now very questionable.
Many business's have had a bad year and will write off a loss. But a well managed business will come back, and make profits to offset the loss's in one or two years. 18 Years & Trump and his business's didn't do that. Trump is still peeling off that 916 million dollar loss from 18 years ago. He has ended up paying NOTHING in Federal Income tax over those 18 years.
While Guilano & Christie refer to him a genius. I don't agree. Trump is either a horrible businessman, possibly living off of other peoples money, or has his business's leveraged to the hilt, or is very accustomed to running his business's in red ink which will eventually collapse. At that time, they'll be hauling furniture out of the Trump Tower and other assets to auction off. Here is a great article on the life and business ventures of Donald Trump. Very informative.
Donald Trumpās business failings, explained
Michael Bloomberg--who is considerably wealthier than Trump had this to say about Trump's business practices. And Bloomberg can actually produce an income tax return.
Michael Bloomberg's entire Democratic convention speech
It's going to be very difficult to convince the average John & Jane Doe who get up each morning go out a bust butt to earn a living and pay Federal Income taxes, when you have Donald Trump on a microphone telling them how wealthy he is but hasn't paid a penny in Federal income tax in 18 YEARS.