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Real estate purchased with borrowed money in 1985 would naturally show massive losses with interest expense, depreciation, etc. Now, 33 years later, it should be cash flowing like a .
“Every time Donald Trump took a breath for 11 years, he lost more than $3.”
https://www.rawstory.com/2019/05/biographer-puts-trumps-staggering-losses-in-context-he-lost-3-every-time-he-took-a-breath/
Real estate purchased with borrowed money in 1985 would naturally show massive losses with interest expense, depreciation, etc. Now, 33 years later, it should be cash flowing like a .
"this was already known from the 2016 campaign"
You Lie.
these tax returns are for the 80s, not the 90s.
I bet it was in the 80s when the Russians took interest in Trash, as someone in high end real estate, who was in horrible need of cash, with a corrupt reputation and probably very willing to launder Russian oligarch/mafiya money.
Does he own that real estate now?
Still owns the Trump tower, several other iconic buildings in New York City, and a ton of golf courses apparently.
https://www.investopedia.com/updates...ump-companies/
Last edited by CosmicCowboy; 05-08-2019 at 07:51 AM.
Then why does Trash need all the dirty Russian money?
‘Reverse-emoluments case’:
Scotland beats ‘three time loser’ Trump in legal battle —
and now he owes the government money
https://www.alternet.org/2019/03/reverse-emoluments-case-scotland-beats-three-time-loser-trump-in-legal-battle-and-now-he-owes-the-government-money/
Trump to Step Away from Making His Businesses Bankrupt to Focus on Bankrupting Country
WASHINGTON —President-elect Donald J. Trump will no longer have day-to-day responsibility for driving his businesses into bankruptcy and will instead focus on bankrupting the country, one of his leading surrogates said on Wednesday.
Appearing on Fox News, Kellyanne Conway said that
while Trump no doubt could “plunge both his businesses and the country into bankruptcy at the same time,”
he feels that he “owes it to the American people to put them first.”
Acknowledging that Trump has no government experience, Conway said that
his years of bankrupting a variety of companies would prove “invaluable” as he does the same to the United States.
“It’s going to surprise a lot of people when they see how great he is at this,” she said.
On a related matter, Conway said that Trump would allow professional managers to oversee his fraudulent enterprises, like the now defunct Trump University, so that he can concentrate on defrauding the entire country.
“There is a big difference between conning a few thousand students at a phony university and swindling a nation of more than three hundred million people,” she said.
“Mr. Trump is well aware that this is going to be a full-time job.”
https://www.newyorker.com/humor/borowitz-report/trump-to-step-away-from-making-his-businesses-bankrupt-to-focus-on-bankrupting-country?utm_campaign=aud-dev&utm_source=nl&utm_brand=tny&utm_mailing=TNY_Bo rowitz_050819&utm_medium=email&bxid=5bd6795524c17c 1048022fcc&cndid=43758549&esrc=bounceX&utm_term=TN Y_Borowitz
‘A con and a fraud’: CNN’s Don Lemon reads from ‘Art of the Deal’ to explain Trump’s tax grift
Lemon then read from the book, beginning on page fifty-eight. He told viewers to read along if they had a copy.
“The final key to the way I promote is bravado.
I play to people’s fantasies.
People may not think big themselves but they can get very excited by those who do.
That’s why a little hyperbole never hurts.
People want to believe that something is the biggest and the greatest and the most spectacular,” he quoted.
The host blasted Trump’s promotion of “truthful hyperbole.”
“He may call it truthful hyperbole, I call it a con and a fraud, with the evidence to back it up,” Lemon said.
He then read from page sixty.
“You can’t con people, at least not for long.
You can create excitement,
you can do wonderful promotion and get all kinds of press, and
you can throw in a little hyperbole.
But if you don’t deliver the goods, people will eventually catch on,”
https://www.rawstory.com/2019/05/a-con-and-a-fraud-cnns-don-lemon-reads-from-art-of-the-deal-to-explain-trumps-tax-grift/
LOL, Boots get shat all over by Ducks.
LOL, Boots get shat all over by Ducks.
Is she biased?
The View’s Meghan McCain reveals how Trump tax returns already gave Democrats the ‘kill shot’ for 2020
https://www.rawstory.com/2019/05/the-views-meghan-mccain-reveals-how-trump-tax-returns-already-gave-democrats-the-kill-shot-for-2020/?utm_source=feedburner&utm_medium=feed&utm_campaig n=Feed%3A+TheRawStory+%28The+Raw+Story%29
============
and
Meghan McCain’s husband unleashes unhinged phobic rant on Seth Meyers
https://www.rawstory.com/2019/05/meghan-mccains-husband-unleashes-unhinged- phobic-rant-on-seth-meyers/
Chucho, haven't you gotten the message? ST racists want you to repatriate Mexico
Darrin leaps to Trumps defense once again!
Dude took the network job because he needed the money.
Meghan McCain is an idiot. Classic case of Political Family Privilege. Never in a million years would anyone pay attention to what she said if she wasn't John's daughter.
Why in the world would Trump release his taxes to demo s???
There is no law that states he must release them. So why in the would he?
Demore s were trying to destroy Trump on a fake Russi hoax for 1 year and half. Any typo or missing comma in. His taxes would trigger democraps for another 2 years
So why in the would he release them?
This is so stupid and demodummies pursuing this is the dumbest political move I have seen
The Art of the Deal
LEAVE MY BILLIONAIRE PRESIDENT ALONE!
Not as classic a case as Cuckner, Ivanka, and Uday.
https://www.foxnews.com/opinion/hans...onfidentiality
New York Times broke the law hope owner goes to jail
Donald Trump Lost a Billion Dollars—Just Not His Own
He lost other people’s money, then bogusly claimed the tax benefits of those losses for himself.
First, let’s go back a step:
Why was Trump counting such big business losses on his personal tax income, anyway?
Because his businesses were partnerships, and so his personal income tax return reflected their gains and losses.
Specifically, “net operating loss” or NOL provisions, allow owners of these pass-through businesses, like Trump,
to transfer all kinds of business losses (including asset depreciation, write-downs, and operating losses) onto their personal tax returns.
The president, for his part, said on Wednesday that real estate depreciation explains the losses—his buildings were getting older and less valuable every year.
For that to pass the sniff test, he would have had to own tens of billions of dollars of property.
It’s inconceivable.
We do know, however, that Trump’s casinos were losing boatloads of money at the time, and that a number of his endeavors went bankrupt—a more believable explanation for his decade of ac ulating losses.
Did Trump even have a billion dollars in the mid 1980s to lose?
It’s extremely unlikely—
especially if he was still worth $2 billion by the end of this tumultuous period,
as he has claimed, which is also unlikely.
Forbes had his net worth at $600 million in 1985. Subtract a billion, and well …
We know that Trump took on billions in debt at the time, and it was that money—
from banks, from bondholders who bought into his casino schemes, and from contractors—
he was losing.
Here’s the Times:His companies failed and he lost a ton of other people’s money,
Mr. Trump was able to lose all that money without facing the usual consequences —
such as a steep drop in his standard of living —
in part because most of it belonged to others, to the banks and bond investors who had supplied the cash to fuel his acquisitions.
which included both fat cats and banks (who cares) and small contractors and dumb bondbuyers who were never paid or repaid (not great).
Here’s the important part:
We know Trump got hundreds of millions of debt forgiven in the 1990s as his projects went belly-up.
To the IRS, cancelled debt is the same as income.
If you don’t have to pay back a dollar you said you did, you’ve effectively made a dollar.
Trump appears to have claimed other people’s losses as his losses—
but never accounted for the money he didn’t have to pay back.
Reported correctly, that income would have shrunk that billion-dollar loss.
Why didn’t Trump report on his 1040s that he had, effectively, made hundreds of millions by not having to pay back all that debt?
It appears the Times solved this one in 2016 as well, with a letter from Donald Trump’s lawyers:
He used something called a “stock-for-debt swap” to make it look like the debts had been paid, not forgiven.
The logic here is as convoluted as you’d expect for a 30-year-old tax hack—just read the piece—
but the point is that Trump didn’t really lose a billion dollars.
He lost a lot of other people’s money,
then claimed that loss as his own to avoid paying taxes.
https://slate.com/business/2019/05/trump-tax-returns-billion-dollar-business-loss.html
https://slate.com/business/2019/05/trump-tax-returns-billion-dollar-business-loss.html
the last thing i care about are djt's past cut throat biz affairs. it's biz and none of yall have a clue but keep acting like yall do.
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