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OILERMAN

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

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Number9   
16 hours ago, Btowner said:

Last year, I read an article that the majority of Trump supporters knew him from The Apprentice and thought he was a successful, self-made billionaire. Some were not even aware of his bankruptcies.

 

Another irony for future historians. Republicans who demanded Obama's birth certificate and transcripts had no interest in how Trump made his money, his background or his income tax returns. A guy playing a billionaire on a realty TV show with red meat sound bites was all the vetting they needed. 

 

To this day, there are probably a higher percentage of Republicans who believe Obama's Hawaii issued birth certificate is a fake than there are Republicans who are interested in Trump releasing his tax returns. Go figure. Future historians will probably blame climate  change for this nonsensical era in American history.

This needs to be reposted.  EVERYWHERE!!

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Losers of a feather, flock together. Let's hear it trumptards! All together now! Say it with me! 

STILL WINNING!!

MAGA!

ONLY THE BEST PEOPLE!

The liberal media is lying again about the best president EVER!

But Hillary! But Obama!

But Hillary's emails! Russia if you're listening.........

Uranium One!

13 angry dems!

Witch hunt!

See? Mueller said No collusion!

 

 

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begooode   

LOL  Russia, if you're listening, please hack into my financial records and drop another 20mil in 'loans from Duetsche Bank'. And be sure to tag MBS for the rest of his IOU this time!!

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Rolltide   
45 minutes ago, freakingeek said:

Losers of a feather, flock together. Let's hear it trumptards! All together now! Say it with me! 

STILL WINNING!!

MAGA!

ONLY THE BEST PEOPLE!

The liberal media is lying again about the best president EVER!

But Hillary! But Obama!

But Hillary's emails! Russia if you're listening.........

Uranium One!

13 angry dems!

Witch hunt!

See? Mueller said No collusion!

 

 

Our country is winning. Even a babbling fool like you can get a job these days. 

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MadMax   
2 minutes ago, Rolltide said:

Our country is winning. Even a babbling fool like you can get a job these days. 

Yeah, but can he wipe asses at Maury Regional?  That's the real winning.  Amirite?

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Rolltide   

Trump has an obvious flaw in business where vanity and ego eclipse sound judgment. He had to have the Plaza hotel and then after paying more than $100M too much for it he accumulated significant construction debts making changes and improvements to the property. There was a woman living cheap in a studio on the property who could not be moved and because of rent control they could not increase her rent so they offered her a primo luxury apartment with a central park view for life. 

 

The Taj Mahal is a similar example. So huge so expansive it was impossible to ever make a profit from it as a casino and hotel. There would never be enough customers. 

 

The  New Jersey Generals and the USFL. It was Trump primarily who pushed the USFL to have their season in the fall and directly compete with the NFL. The USFL as a spring league was surviving as a spring diversion for die hard football fans but nobody gave a shit when the NFL was available. 

 

 

So if somebody wanted to intelligently criticize Trump as a president you might look for things like this in his policy and decision making. Saying over and over again that Mexico would pay for a wall would be an example but nobody paid much attention to that anyway.

 

I had issues with this and that is part of why i did not vote for him in 2016. I Imagined him using  infrastructure money to build big egotistical wasteful projects and I was concerned he would get us in another stupid war. That has not really happened. 

 

 

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Rolltide   

People do understand that real estate is a heavily leveraged business? Nobody buys high level Manhattan real estate with cash. I'm not excusing losing money 8 out of 10 years 

https://www.cnbc.com/quotes/?symbol=SLG&qsearchterm=green&tab=profile

 

SL Green is a Manhattan reit, they are one of if not the largest holder of Manhattan real estate. They have $12.7B in assets and $5.5B in long term debt. Their annual revenues are $1.2B. That is a lot of debt to service in relation to that income but that is typical for a reit. 

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Soxcat   

He certainly must be a much better president than he is businessman.  But really, what difference does any of this make right now?  Businesses could take massive write offs back then so Trump took them.  These were loop holes in the tax system that all developers used.  Most of these losses were taken on depreciation of assets.  Non cash losses.  They were on paper.    

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Rolltide   
4 minutes ago, Soxcat said:

He certainly must be a much better president than he is businessman.  But really, what difference does any of this make right now?  Businesses could take massive write offs back then so Trump took them.  These were loop holes in the tax system that all developers used.  Most of these losses were taken on depreciation of assets.  Non cash losses.  They were on paper.    

Justafan-Racist! 

Edited by Rolltide

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Soxcat   
16 hours ago, Bink said:

He called it sport. 

Yep, he is a horrible person.  How dare he call the ups and downs in real-estate a sport and taking advantage of the tax laws to play as little in taxes as he can. 

As a businessman Trump is a risk taker.  Sometimes he wins and sometimes he loses.  That is his style.  For some it is like a game.  So what?  Is he supposed to wake up each morning and worry about what you think of him?  

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OILERMAN   
4 minutes ago, Soxcat said:

As a businessman Trump is a risk taker.  Sometimes he wins and sometimes he loses.  That is his style. 

No, he's a crook. He was given 450 mill, blew it then proceeded to rip everyone off. Banks stopped dealing with him because of it. Even stealing from his foundation

 

That's his style

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Soxcat   

So you won't be sharing Christmas cards this year with Trump.  Nobody cares.  You keep throwing shit stained tissue against a wall hoping something will stick. 

None of this matters right now.  Seriously.  None of this has anything to do with the crisis at the border (which is real unless you are brain dead) or any other issues congress should be focusing on. 

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