Trump Tax Figures Show Over $1 Billion in Business Losses

[Kasane]

This loser has a finger on the red button that can blow up the world. 

https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html

 

[Kasane]

• Spare us so much winning!!
• U.S. President Donald Trump’s businesses lost a total of more than $1 billion from 1985 to 1994, according to the New York Times, which said it obtained printouts from Trump’s official Internal Revenue Service tax transcripts.
• The newspaper said Trump posted losses in excess of $250 million in both 1990 and 1991, which appeared to be more than double any other individual U.S. taxpayer, based on IRS data.
• Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years, the Times said.

[mtls2005]

Losses (actual, or stated or overstated) can be used to offset gains, in order to reduce tax obligations.

 

The real question is: how creative has his accounting been?

 

One assumes his creativity knows no bounds - yes, I know this makes him "smart" - and this is why he is so adamant about not releasing his tax returns. While potentially and technically "legal" such practices which might be revealed may cause him to look bad with his "base", if such a thing were possible.

[metisdead]

Not Thailand related and now closed.