Jump to content
OILERMAN

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

Recommended Posts

OILERMAN   

https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html?smtyp=cur&smid=tw-nytimes

 

Newly obtained tax information reveals that from 1985 to 1994, Donald J. Trump’s businesses were in far bleaker condition than was previously known.

 

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.

 

8  of these years he paid no taxes!

Share this post


Link to post
Share on other sites
OILERMAN   

He's not just one of the stupidest people out there but he's literally one of the biggest losers in history

 

He was given 400 mill+.....lol

Share this post


Link to post
Share on other sites
Justafan   

Wouldn't surprise me a bit to find out he was using the casinos and real estate to launder money while writing off the disappearing funds as losses to avoid paying taxes.  

Share this post


Link to post
Share on other sites
OzTitan   
Quote

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.

Is that even legal?

 

The $52M in interest one year seems weird.

Share this post


Link to post
Share on other sites
OILERMAN   

The jokes on Trump with the tax cuts. turns out he didn't get a tax cut after all!

 

0>0

Share this post


Link to post
Share on other sites
OILERMAN   
16 minutes ago, Jamalisms said:

Complete fraud voted for by willfully ignorant douchebags.

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...