No wonder he had to run scams like Trump University. Born on third & ran the bases backwards Ten years of tax information obtained by the New York Times “paints a different, and far bleaker, picture of President Trump’s deal-making abilities and financial condition” than was previously known. “The data — printouts from Mr. Trump’s official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and most detailed look to date at the president’s taxes, information he has kept from public view. Though the information does not cover the tax years at the center of an escalating battle between the Trump administration and Congress, it traces the most tumultuous chapter in a long business career — an era of fevered acquisition and spectacular collapse.” “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.” New York Times: 5 takeaways from 10 years of Trump’s tax figures.
..Fred Trump’s returns showed a positive income of $53.9 million, with only one major loss: $15 million invested in his son’s latest apartment project.
“Loser Trump” became POTUS despite the combined efforts of the Clinton’s, the FBI, numerous money grabbing accusers, and the entire American media. On the other hand, you post drivel from a 500 sq/ft studio apartment facing a brick wall. And Trump is the loser? LMAO
Goes to show losers will back up losers. Your loser messiah has tweeted over 40k times, a bulk of that as president, but somehow he's a productive winner?
Trump is big into RE. Lots of depreciation "losses". Without more details, we know nothing. His tax returns shouldn't be an issue. After all, he was elected mostly because he isn't HELLARY!!
He's got a point, kind of meaningless without revenue figures. The most shocking thing coming out of this is Trump was/is actually a billionaire.
Pretty good list in that thread: Madoff, L Ron Hubbard, Joseph Smith, Victor Lustig, Charles Ponzi, Frank Abagnale Jr., all tv preachers,.....
How clueless are these people? The whole point of RE investing is to generate tax losses. That's why REITs are all analyzed using FFO rather than GAAP earnings. Morons. How did the NYT get those returns anyway? If they were leaked illegally, we need to get the FBI on it, empanel a grand jury and put every single employee with access in front of it.
Guy is a far left propaganda hack for a third rate failing cable channel. Perfect hero for losers like Covertibility and his band of lefty fairies