In 1995, after years of losses, Donald Trump reported a negative adjusted gross income of $915.7 million. That gave him a tax deduction so substantial it could have allowed him to avoid federal income taxes for almost 2 decades: https://t.co/FREM0Sj7ix pic.twitter.com/zloWtkJR50— The New York Times (@nytimes) May 8, 2019
The Guardian: Trump tax printouts show more than $1bn in business losses over a decade – report
New York Times found that Trump’s core businesses, including casinos, hotels and apartments, lost $1.17bn from 1985 to 1994
Donald Trump’s businesses lost a total of more than $1bn from 1985 to 1994, enabling him to avoid paying income taxes for eight of the 10 years, the New York Times reported on Tuesday.
The newspaper, which said it obtained printouts from Trump’s official Internal Revenue Service tax transcripts, found that Trump’s core businesses, including casinos, hotels and apartment buildings, lost $1.17bn over a decade.
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WNU Editor: President Trump's business difficulties 20 - 30 years ago are well known, including being in debt to the tune of hundreds of millions of dollars. So why is this a big story now? You tell me. On a side note, there is a remark that he made during this time that I have always remembered. When he started to recover in the 1990s he remarked that when everything was going well, everyone wanted to be with him. But when everything collapsed and he started to ask these same people for help, only two out of a few hundred answered his call. He never mentioned who those two individuals are, but I suspect that if they are still alive today, they would be his most trusted friends.
More News On President Trump's Tax Returns Between 1985 - 1994
Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses -- The New York Times
Trump defends tax tactics after NYT probe says he racked up more than $1 billion in losses: ‘It was sport’ -- CNBC
Tax returns reveal Trump lost over $1 billion in business deals, making him one of the biggest financial losers in the U.S.: report -- New York Daily News
Trump tax returns reveal over $1bn in losses and that he paid no income taxes for eight years, report says -- The Independent
Donald Trump blames 'write offs' and 'depreciation' for $1 billion in business losses -- USA Today
12 comments:
Shock. Horror. The president lost money then recovered.
He just won 2020.
BTW he also funded his campaign gjving back much of his tax breaks.
WNU, exactly. It is well known.
There are even documentaries on Netflix about all of it. But that's the media.. cooking up shit as if it were to mean -anything-. From a business perspective, I find it admirable that he managed to get out of this. But in the new America, risk takers (especially if they are male and white) are the devil.
Trump: I will reveal taxes after the election
Trump: election over. I am under audit and can not
Trump: Exec privilege: do not reveal my taxes
Trump’s Tax Leak Hints at Potential Fraud Investigations
Congress must investigate fully now that we know Trump was faking his wealth and may have been vulnerable to foreign espionage and fraudulent money-generating schemes.
The New York Times Exposé on Trump's Taxes Is Worth Reading Twice Over
---Unless he's got David Copperfield for an accountant, there has to be a staggering morass of criminal trickery buried in these numbers.
Trump’s Old Tweet About People Who Don’t Pay Taxes Comes Back To Haunt Him
This 2012 complaint on Twitter didn’t age well.
Keeping Trump’s Tax Returns Secret Is an Insanely Huge Security Risk
Source: Poll: Little support for Barr’s handling of Mueller report
CALL THIS FULL TRANSPARENCY!
Trump Asserts Executive Privilege Over Full Mueller Report
Panting
Panting
Panting
Panting
NYT lauded Trump as the “ Come Back King” about 24 years ago.
This is another rabbit warren of fake outrage and conspiracy theories
https://www.nytimes.com/1995/10/25/nyregion/crowning-the-comeback-king.html
"there has to be a staggering morass of criminal trickery buried in these numbers"
Whoa, so now you are Sherlock Holmes. Secret Squirrel Sherlock we have an alliteration!
Hey Sherlock did you catch the little item about nothing illegal? Of course not, there's a nut in there somewhere, just gotta be. Lol squirrel please never stop people depend on you now. Maybe if you hummed an old Woody Guthrie tune while you search?
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