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?

Who accused Biden of sexual assault?

Little girls. Lots of little girls.

 

[Toddsterpatriot]

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.

Now if you were making $500,000 a year and only pay 12% in taxes, you get back to me , wont ya.

Still confused about your taxes I see.

 

[georgephillip]

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.

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

You're not that special.
Neither is Trump.
He's beyond stupid.
Are you?

Revealed: Trump's professor thought he was his 'dumbest student' ever - Study International

"Despite the US president attesting to the fact he finished 'top of his class' at Wharton business school of the University of Pennsylvania, his former professor college professor William T. Kelley had another view.

"After Kelley’s death, Frank DiPrima a close friend of Kelley revealed that the professor felt the president was a fool.

"'Professor Kelley told me 100 times over three decades that ‘Donald Trump was the dumbest goddam student I ever had,' DiPrima wrote for the Daily Kos."

 

[Indeependent]

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.

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

You're not that special.
Neither is Trump.
He's beyond stupid.
Are you?

Revealed: Trump's professor thought he was his 'dumbest student' ever - Study International

"Despite the US president attesting to the fact he finished 'top of his class' at Wharton business school of the University of Pennsylvania, his former professor college professor William T. Kelley had another view.

"After Kelley’s death, Frank DiPrima a close friend of Kelley revealed that the professor felt the president was a fool.

"'Professor Kelley told me 100 times over three decades that ‘Donald Trump was the dumbest goddam student I ever had,' DiPrima wrote for the Daily Kos."

Where can I buy his book?

 

[Mikeoxenormous]

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.

You sure about that?

Obama's tax cut was bigger than what Trump is proposing

But right after getting re-elected in 2012, Obama signed a law called the American Taxpayer Relief Act, which extended a bunch of tax cuts that were due to expire. That law cost the U.S. Treasury about $321 billion per year, or about 1.8% of GDP. The other way of looking at it, of course, is that taxpayers kept $321 billion more of their own money than they would have otherwise.

Oh yeah, and you are a fucking moron for not remembering this shit. You know evil tax cuts for the rich....Like Obama...dumbass bitch.

 

[Faun]

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?

LOLOL

Conservatives spend just as much as Liberals. At least Liberals attempt to pay for it.

 

[Indeependent]

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.

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

You're not that special.
Neither is Trump.
He's beyond stupid.
Are you?

Revealed: Trump's professor thought he was his 'dumbest student' ever - Study International

"Despite the US president attesting to the fact he finished 'top of his class' at Wharton business school of the University of Pennsylvania, his former professor college professor William T. Kelley had another view.

"After Kelley’s death, Frank DiPrima a close friend of Kelley revealed that the professor felt the president was a fool.

"'Professor Kelley told me 100 times over three decades that ‘Donald Trump was the dumbest goddam student I ever had,' DiPrima wrote for the Daily Kos."

I didn’t catch the DailyBowelMovement at the end.
Into the trash...

 

[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?

LOLOL

Conservatives spend just as much as Liberals. At least Liberals attempt to pay for it.

We're talking about taxes, freebooter, not spending.

 

[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.

Now if you were making $500,000 a year and only pay 12% in taxes, you get back to me , wont ya.

Still confused about your taxes I see.

Sorry that you dont understand the long term dividends taxes. I not only explained it, but showed you where you could find it. But you stay ignorant of the tax loophole, dont invest in dividend payouts, but if you do, then go see a CPA, they can explain it if you want...

 

[Faun]

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.

You sure about that?

Obama's tax cut was bigger than what Trump is proposing

Yeah... tax rates went up under Obama....

 

[Faun]

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?

LOLOL

Conservatives spend just as much as Liberals. At least Liberals attempt to pay for it.

We're talking about taxes, freebooter, not spending.

Dumbfuck... taxes are raised to pay for spending. Don't they teach you righties anything at the asylum?

 

[Toddsterpatriot]

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.

Now if you were making $500,000 a year and only pay 12% in taxes, you get back to me , wont ya.

Still confused about your taxes I see.

Sorry that you dont understand the long term dividends taxes. I not only explained it, but showed you where you could find it. But you stay ignorant of the tax loophole, dont invest in dividend payouts, but if you do, then go see a CPA, they can explain it if you want...

Sorry that you dont understand the long term dividends taxes.

I already showed how your claim is fantasy.

 

[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?

LOLOL

Conservatives spend just as much as Liberals. At least Liberals attempt to pay for it.

We're talking about taxes, freebooter, not spending.

Dumbfuck... taxes are raised to pay for spending. Don't they teach you righties anything at the asylum?

Dumbfuck, you liberoidals have been spending beyond the nation's means since at least LBJ....You don't raise taxes to pay for shit, you raise taxes because you're fucking covetous looters.

 

[Mikeoxenormous]

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?

LOLOL

Conservatives spend just as much as Liberals. At least Liberals attempt to pay for it.

At least Liberals attempt to pay for it.

Finally the truth, yes they pay for it "WITH OTHER PEOPLES MONEY"...Mighty fucking white of you....

 

[Faun]

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?

Little girls. Lots of little girls.

Nope, you're lying again. Not one of them, nor any of their parents or any other family member standing next to them, levied any such accusation against Biden.

 

[Mikeoxenormous]

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.

Now if you were making $500,000 a year and only pay 12% in taxes, you get back to me , wont ya.

Still confused about your taxes I see.

Sorry that you dont understand the long term dividends taxes. I not only explained it, but showed you where you could find it. But you stay ignorant of the tax loophole, dont invest in dividend payouts, but if you do, then go see a CPA, they can explain it if you want...

Sorry that you dont understand the long term dividends taxes.

I already showed how your claim is fantasy.

Then explain to my CPA why I have a 12% tax on my dividends and tell the IRS that they are wrong for allowing that rate to stand. Damn there are such stupid people who say you cant do this, when every year I do exactly that.

1 year I overpaid my taxes on dividends, by about $10,000 talked to the IRS agent and we discussed how they would refund the money.

 

[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?

LOLOL

Conservatives spend just as much as Liberals. At least Liberals attempt to pay for it.

At least Liberals attempt to pay for it.

Finally the truth, yes they pay for it "WITH OTHER PEOPLES MONEY"...Mighty fucking white of you....

They're not interested in paying for anything...Were that true, the debt under their Mulatto Messiah wouldn't have doubled.

They're just garden variety freebooters.

 

[Faun]

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?

LOLOL

Conservatives spend just as much as Liberals. At least Liberals attempt to pay for it.

At least Liberals attempt to pay for it.

Finally the truth, yes they pay for it "WITH OTHER PEOPLES MONEY"...Mighty fucking white of you....

Yes, you dumbass, with other peoples' money -- just as the Constitution states. How else do you think the government is going to pay for shit?

Dayum, you righties are fucking brain-dead.

 

[airplanemechanic]

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?

Little girls. Lots of little girls.

Nope, you're lying again. Not one of them, nor any of their parents or any other family member standing next to them, levied any such accusation against Biden.

And you're going to say him putting his hands all over those little girls is normal?

And not a single person accused Trump of anything until he decided to run for president. And then all accusers disappeared into the limelight after he became president.

 

[airplanemechanic]

So what happened to Trump not paying his taxes?

Guess that died out with collusion.