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

[FollowTheWay]

Amusing how the Trump tax returns are of far greater interest to the left than the minimum of 33.5 billion that Obama ferreted off to the Iranians in the middle of the night. Where did he lay hands on that kind of cash? If it were above board I’m sure Trump would have just found some too, & had the wall built by now. The wall that will protect our sovereignty instead of the mountains of cash & gold that will be spent to destroy us. Dims are twisted sisters.

That was Iran's money that was confiscated by the U.S. during the sanctions.

 

[FollowTheWay]

Takes money to make money. He’s still worth a billion even though he’s donating his salary every year. When did the last dim donate his salary?

Jimmy Carter built houses for poor people. I don't see Trump EVER doing that.

 

[Revmitchell]

Jimmy Carter built houses for poor people. I don't see Trump EVER doing that.

https://www.quora.com/Has-anyone-been-helped-by-Donald-Trump-in-person

 

[Adonia]

He lost $1B in ten years more than anyone else in the U.S.

So what? Right now there are more people at work than at any time in our nations history. In fact, there are more jobs available than there are people to fill them and that is due to the policies of President Trump. When you cut taxes and get rid of onerous Federal regulations businesses will respond in kind by expanding - and they did just that.

 

[Revmitchell]

So what?

My thought exactly

 

[Adonia]

he got his money from his Daddy as many rich people do. However, the question is does he have anything left or is he just playing 3 Card Monte with his losses?

There is nothing wrong with people getting an inheritance as the Scriptures rightly points out. Mr. Trump has put thousands of people to work with his construction projects and keeps many people working in his businesses afterwards. Providing people jobs where they can earn an honest living and take care of there families is a good thing.

 

[Reynolds]

I lived for a long time about an hour and a half north of there but moved to Atlanta 12 years ago. No, I haven't been to AC in a long time but it was starting to go down when I lived in NJ. I would guess that Trump put a lot of money in AC. He then went bankrupt on his properties there and stiffed a number of contractors who had done work for him there.

Atlanta. 99% of what's wrong with Georgia.

 

[Earth Wind and Fire]

I lived for a long time about an hour and a half north of there but moved to Atlanta 12 years ago. No, I haven't been to AC in a long time but it was starting to go down when I lived in NJ. I would guess that Trump put a lot of money in AC. He then went bankrupt on his properties there and stiffed a number of contractors who had done work for him there.

He has a reputation for stiffing contractors

 

[Earth Wind and Fire]

There is nothing wrong with people getting an inheritance as the Scriptures rightly points out. Mr. Trump has put thousands of people to work with his construction projects and keeps many people working in his businesses afterwards. Providing people jobs where they can earn an honest living and take care of there families is a good thing.

Does that include the illegals on his properties? What a benevolent gesture...

 

[Revmitchell]

he got his money from his Daddy as many rich people do. However, the question is does he have anything left or is he just playing 3 Card Monte with his losses?

Now here is the real story

This Is How Donald Trump Actually Got Rich

 

[Earth Wind and Fire]

Now here is the real story

This Is How Donald Trump Actually Got Rich

Who were his lenders?

 

[Revmitchell]

Who were his lenders?

Its in the article

 

[kyredneck]

He lost $1B in ten years more than anyone else in the U.S.

So? What?

 

[kyredneck]

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

Bears repeating:

Who cares except sufferers of TDS? I bet he is worth more money than you.

​

 

[Revmitchell]

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

This is real picture of the flim-flam man. He's a complete fake. The people of NYC and NJ know that. They saw him in action.
****************************************************************************************

By the time his master-of-the-universe memoir “Trump: The Art of the Deal” hit bookstores in 1987, Donald J. Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns.

Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.

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, 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.

Trumps business dealings are not new news. In fact Trump wrote an entire book about it.

 

[HankD]

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

Z-Z-Z-Z-Z-Z-Z-Z-Z-Z-Z

 

[InTheLight]

Trumps business dealings are not new news. In fact Trump wrote an entire book about it.

Indeed. The very first episode of the Apprentice he tells all about being "seriously in trouble, being billions of dollars in debt".

About the 1 min 5 second mark of the video:

 

[Earth Wind and Fire]

Indeed. The very first episode of the Apprentice he tells all about being "seriously in trouble, being billions of dollars in debt".

About the 1 min 5 second mark of the video:

Big fat NYC Con Game. Thank God I watched that stupid show.

 

[Earth Wind and Fire]

On no... sounds like OPM / other people’s money.... here’s a excerpt from the movie.... some salty language, so be forewarned

 

[FollowTheWay]

Without Daddy's money this would have been Trump's game.