Trump-$1.2 Billion In Core Business Losses

[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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

LOL

And Trump's on pace to add $9 trillion if he's in office for 8 years.

Basically...Trump is useless with money.


So...he sexually assaults women (and brags about it), is xenophobic, admires despots, is stupid, is a galactic liar, is lousy with money and cons people en masse.

Shit...what a piece of excrement this man is.

And Biden doesn't?

 

[Indeependent]

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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

LOL

And Trump's on pace to add $9 trillion if he's in office for 8 years.

Basically...Trump is useless with money.


So...he sexually assaults women (and brags about it), is xenophobic, admires despots, is stupid, is a galactic liar, is lousy with money and cons people en masse.

Shit...what a piece of excrement this 'man' is.

Aw...

 

[Faun]

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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

LOL

And Trump's on pace to add $9 trillion if he's in office for 8 years.

Basically...Trump is useless with money.


So...he sexually assaults women (and brags about it), is xenophobic, admires despots, is stupid, is a galactic liar, is lousy with money and cons people en masse.

Shit...what a piece of excrement this 'man' is.

No wonder righties admire him so.

 

[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?

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.

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.

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

"The new information also suggests that Mr. Trump’s 1990 collapse might have struck several years earlier if not for his brief side career posing as a corporate raider.

"From 1986 through 1988, while his core businesses languished under increasingly unsupportable debt, Mr. Trump made millions of dollars in the stock market by suggesting that he was about to take over companies.

"But the figures show that he lost most, if not all, of those gains after investors stopped taking his takeover talk seriously."

Don the Con is the biggest fraud in US History.

You must really hate Warren Buffet.

You must really hate Warren Buffet.

Why do you worship stupidity?

 

[Faun]

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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

LOL

And Trump's on pace to add $9 trillion if he's in office for 8 years.

Basically...Trump is useless with money.


So...he sexually assaults women (and brags about it), is xenophobic, admires despots, is stupid, is a galactic liar, is lousy with money and cons people en masse.

Shit...what a piece of excrement this man is.

And Biden doesn't?

Who accused Biden of sexual assault?

 

[Mikeoxenormous]

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 what? Trump could shoot his accounts on 5th Avenue and his trumpettes still won't care.

Ah yes, the welfare queens rears her ugly head. You wish you had 5 dollars to lose, dont ya?

LOLOL

Welfare queen?? Moi? I have a 6 figure job and collect nothing from the government. I pay more in taxes than you earn in a year.

Bwaaaahhhaaaaaa, 6 figures dont mean having mannequins in the window.


$4,500.62 cents really isnt a 6 figure income? Now if you were making $500,000 a year and only pay 12% in taxes, you get back to me , wont ya.

 

[Faun]

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 what? Trump could shoot his accounts on 5th Avenue and his trumpettes still won't care.

Ah yes, the welfare queens rears her ugly head. You wish you had 5 dollars to lose, dont ya?

LOLOL

Welfare queen?? Moi? I have a 6 figure job and collect nothing from the government. I pay more in taxes than you earn in a year.

Bwaaaahhhaaaaaa, 6 figures dont mean having mannequins in the window.


$4,500.62 cents really isnt a 6 figure income? Now if you were making $500,000 a year and only pay 12% in taxes, you get back to me , wont ya.

LOLOL

Only imbeciles factor in decimals in their income.

 

[McRocket]

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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

LOL

And Trump's on pace to add $9 trillion if he's in office for 8 years.

Basically...Trump is useless with money.


So...he sexually assaults women (and brags about it), is xenophobic, admires despots, is stupid, is a galactic liar, is lousy with money and cons people en masse.

Shit...what a piece of excrement this 'man' is.

No wonder righties admire him so.

Actually, I think only Trumpbots admire him.

I think most 'righties' secretly loathe him...but follow him so they can get what they want.

Not sure which is worse...blindly supporting a terrible person OR supporting a person whom you know is terrible?

Actually...I am sure. It's the latter.

 

[Crepitus]

View attachment 259862

Those who can’t think, meme.

 

[Mikeoxenormous]

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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

You are very confused.

Not at all, those three liberals lost trillions of our dollars, while Donald J Trump lost a measly 1 billion dollars. Do you know the difference between 16 trillion and 1 billion?

16,000,000,000,000
…...….1,000,000,000

it is like 1 dollar to 16 thousand dollars. Big damn difference punk.

LOLOLOLOL

^^^ a moron who thinks Bush was a Liberal.

Faun - A moron who doesnt think Bush was a liberal....

 

[Indeependent]

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.

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.

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

"The new information also suggests that Mr. Trump’s 1990 collapse might have struck several years earlier if not for his brief side career posing as a corporate raider.

"From 1986 through 1988, while his core businesses languished under increasingly unsupportable debt, Mr. Trump made millions of dollars in the stock market by suggesting that he was about to take over companies.

"But the figures show that he lost most, if not all, of those gains after investors stopped taking his takeover talk seriously."

Don the Con is the biggest fraud in US History.

You must really hate Warren Buffet.

You must really hate Warren Buffet.

Why do you worship stupidity?

Because you’re an idiot quoting someone I never met.

 

[Faun]

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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

LOL

And Trump's on pace to add $9 trillion if he's in office for 8 years.

Basically...Trump is useless with money.


So...he sexually assaults women (and brags about it), is xenophobic, admires despots, is stupid, is a galactic liar, is lousy with money and cons people en masse.

Shit...what a piece of excrement this 'man' is.

No wonder righties admire him so.

Actually, I think only Trumpbots admire him.

I think most 'righties' secretly loathe him...but follow him so they can get what they want.

Not sure which is worse...blindly supporting a terrible person OR supporting a person whom you know is terrible?

Actually...I am sure. It's the latter.

I stand corrected.

 

[Indeependent]

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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

LOL

And Trump's on pace to add $9 trillion if he's in office for 8 years.

Basically...Trump is useless with money.


So...he sexually assaults women (and brags about it), is xenophobic, admires despots, is stupid, is a galactic liar, is lousy with money and cons people en masse.

Shit...what a piece of excrement this 'man' is.

No wonder righties admire him so.

Actually, I think only Trumpbots admire him.

I think most 'righties' secretly loathe him...but follow him so they can get what they want.

Not sure which is worse...blindly supporting a terrible person OR supporting a person whom you know is terrible?

Actually...I am sure. It's the latter.

What does a true “Righty” want?
A Globalist.

 

[Mikeoxenormous]

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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

LOL

And Trump's on pace to add $9 trillion if he's in office for 8 years.

Basically...Trump is useless with money.


So...he sexually assaults women (and brags about it), is xenophobic, admires despots, is stupid, is a galactic liar, is lousy with money and cons people en masse.

Shit...what a piece of excrement this 'man' is.

No wonder righties admire him so.

Actually, I think only Trumpbots admire him.

I think most 'righties' secretly loathe him...but follow him so they can get what they want.

Not sure which is worse...blindly supporting a terrible person OR supporting a person whom you know is terrible?

Actually...I am sure. It's the latter.

Not sure which is worse...blindly supporting a terrible person OR supporting a person whom you know is terrible?

Ah yep, pot meet kettle.

 

[Faun]

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.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

You are very confused.

Not at all, those three liberals lost trillions of our dollars, while Donald J Trump lost a measly 1 billion dollars. Do you know the difference between 16 trillion and 1 billion?

16,000,000,000,000
…...….1,000,000,000

it is like 1 dollar to 16 thousand dollars. Big damn difference punk.

LOLOLOLOL

^^^ a moron who thinks Bush was a Liberal.

Faun - A moron who doesnt think Bush was a liberal....

View attachment 259877

Liberals don't cut taxes when the top rate is under 40%.

Yes, you are that moron.

 

[WEATHER53]

It’s not “breaking news”. It’s breaking the law. Steal and reveal. Possession and distribution of stolen goods. Shut them down.
And of course, it’s 25-35 years ago just like All Democrat gripes it’s from the distant past because they have No Future.

 

[Oddball]

View attachment 259862

Those who can’t think, meme.

I know, right? Right wingers on the USMB are incredibly pathetic that way.

It seems Trump is rich when he wants to be rich and poor when it's time to pay taxes.

5 Takeaways From 10 Years of Trump Tax Figures

In 1985, his core businesses reported a loss of $46.1 million; they also carried over a $5.6 million loss for earlier years.

Because those businesses were generally created as partnerships, they did not pay federal income taxes themselves. Instead, their gains, and their losses, flowed onto Mr. Trump’s ledger. To put his results in perspective, The Times compared them with detailed information that the I.R.S. compiles on an annual one-third sampling of high earners. Most of them appeared, like Mr. Trump, to be businessmen who received what is known as pass-through income.

In all, Mr. Trump lost so much money that he was able to avoid paying any federal income taxes for eight of the 10 years.

Amid the hundreds of figures on 10 years of tax transcripts, one number is particularly striking: $52.9 million in interest income that Mr. Trump reported in 1989.

In the three previous years, Mr. Trump had reported $460,566, then $5.5 million, then $11.8 million in interest.

The source of that outlier $52.9 million is something of a mystery.

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

Because most people aren't millionaires there is something few know. We all know Trump boasts about using OPM (other people's money). That means if you are in business but the money you are using is OPM and you lose that money, you can't claim tax deductions. Why? Because it's OPM. They can claim tax deduction, but you can't because it wasn't your money. It trump didn't pay taxes on his own money because he claimed loses from OPM, that's tax fraud and tax evasion.
I'm guessing the statute of limitations has passed. But if he did that, it's massive, massive bank fraud and tax evasion.

So fucking what?....He paid his taxes and had legit business losses.

Other than that, what is there for you loser pussies to snivel and wring your hands about?

 

[justoffal]

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.

BUT TWUMP SEZ MESSICANS ES WAYPISS!

JK

 

[Oddball]

Liberals don't cut taxes when the top rate is under 40%.

Yes, you are that moron.

We get it...Liberoidals are looters and proud of it...What else is new?

 

[Indeependent]

View attachment 259862

Those who can’t think, meme.

I know, right? Right wingers on the USMB are incredibly pathetic that way.

It seems Trump is rich when he wants to be rich and poor when it's time to pay taxes.

5 Takeaways From 10 Years of Trump Tax Figures

In 1985, his core businesses reported a loss of $46.1 million; they also carried over a $5.6 million loss for earlier years.

Because those businesses were generally created as partnerships, they did not pay federal income taxes themselves. Instead, their gains, and their losses, flowed onto Mr. Trump’s ledger. To put his results in perspective, The Times compared them with detailed information that the I.R.S. compiles on an annual one-third sampling of high earners. Most of them appeared, like Mr. Trump, to be businessmen who received what is known as pass-through income.

In all, Mr. Trump lost so much money that he was able to avoid paying any federal income taxes for eight of the 10 years.

Amid the hundreds of figures on 10 years of tax transcripts, one number is particularly striking: $52.9 million in interest income that Mr. Trump reported in 1989.

In the three previous years, Mr. Trump had reported $460,566, then $5.5 million, then $11.8 million in interest.

The source of that outlier $52.9 million is something of a mystery.

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

Because most people aren't millionaires there is something few know. We all know Trump boasts about using OPM (other people's money). That means if you are in business but the money you are using is OPM and you lose that money, you can't claim tax deductions. Why? Because it's OPM. They can claim tax deduction, but you can't because it wasn't your money. It trump didn't pay taxes on his own money because he claimed loses from OPM, that's tax fraud and tax evasion.
I'm guessing the statute of limitations has passed. But if he did that, it's massive, massive bank fraud and tax evasion.

So fucking what?....He paid his taxes and had legit business losses.

Other than that, what is there for you loser pussies to snivel and wring your hands about?

Pussies do what pussies do.