How does an individual LOSE $1 Billion in a year?

[Skull Pilot]

You do know that Shillary claimed a 700K loss on her tax personal tax return don't you?

And reporting business profit and loss on your personal tax returns is done all the time with the Form K1 and Schedule C

Two questions:

1. Is Hillary running on the mantra that she is the BEST business person that has ever walked the planet??? or is Trump?

2. Get your little scale out and place on one side $700K and on the other $916 MILLION, and see how THAT turns out?

Why don't you look up the word proportional ?

 

[Skull Pilot]

Exactly how did Trump lose a billion dollars in a year?

Trump brags about how smart he is and the concept of OPM
Other Peoples Money

He makes money while others take the risk. How did Trump end up losing close to a billion dollars of his own money?


Not as smart as he claims

SHUT THE FUCK UP.

GOOGLE LOST 802 MILLIONS DOLLARS IN 2015


.

And what percent of their worth is that.
What percent was Trump's?

Did Google take the loss or did the owner take it on his individual taxes?

No comparison.

People take business losses on their personal taxes all the time Shillary does so does anyone who owns an s corp or an LLC

Maybe you want to learn a little bit about tax laws you can start by looking up what the IRS Schedule C is used to report then move on to the K1

 

[Skull Pilot]

Exactly how did Trump lose a billion dollars in a year?

Trump brags about how smart he is and the concept of OPM
Other Peoples Money

He makes money while others take the risk. How did Trump end up losing close to a billion dollars of his own money?


Not as smart as he claims

OMFG you mean Trump is the first person to use other peoples' money in a business venture?

If Trump used OPM....how did he end up losing a billion of his own money?

Gee maybe he used some of his own money too

Not too tough to figure out is it?

 

[Skull Pilot]

I didn't say he was I said there is not one extremely successful business man who has not lost money at one time or another

So that a mediocre businessman loses money on a deal here and there should not surprise anyone

An awful lot of money.

So what? It was his money wasn't it?

And at the end of a career the losses don't matter as much as the final tally

The entire premise of his campaign is that he's great at business and would use those skills to better America. It seems he's not really that good at all.

https://www.google.com/amp/www.forb...state-business/amp/?client=ms-android-verizon

One loss in one year over a career that spans 40 plus years and with a pretty good end tally.

If you want to talk losses of scale Shillary's one year loss of over 700K was pretty significant in proportion to her business holdings but you don't care about that

700K in one year with no exemption going forward.
Yet still paid 35% on $10 million.
There is no comparison.

Of course there is

She did the exact same thing Trump did. ANd you don't know how far forward she carried that loss do you?

 

[Skull Pilot]

Peyton Manning threw interceptions. That did not make him a "bad QB." It is the total of what he does, and he is plus billions in the net, so your "analysis" is as pathetic as your life.

Manning is running for president??? The things one "learns" from right wingers are simply amazing. Who knew?......

Obtuse.

It's called an analogy.

You don't judge a career spanning over 40 years by one year where a loss was taken

 

[Uncensored2008]

We are not talking about a country here (although there are some whose GDP is just about $1 billion), but we are talking about an individual who is running for president on the mantra of "the best businessman on the planet.....ever......trust him, believe in him....he's the greatest, etc."

Yes, our tax system is seriously flawed in allowing someone, like Trump, to not only list losses of $916 million in ONE single year (and the repercussions that such a loss may have also caused on others)....BUT to turn around and be exempt from any tax burden for 18 subsequent years...........AND, the clincher, is to carry on in your lifestyle after such a loss, to STILL be living in a penthouse, have a private plane and still be able to walk into most banks and get additional risky loans.

I know that many of us have written Trump's eulogy over many other discovered flaws in Trump's character and history, but surely the average voter must place aside any hatred of Clinton and REJECT this charlatan who could seriously damage not only our economy, but who is thin-skinned enough to even risk our world standing.

Ask Obama; he lost that much on Solyndra.

And that was TAXPAYER money, not his.

 

[Skull Pilot]

When one makes so MANY bad business decisions (capital losses, bankruptcies, tax avoidance, etc.)
HOW THE FUCK does one run on the mantra that he's the "best businessman to ever exist"????

Peyton Manning threw interceptions. That did not make him a "bad QB." It is the total of what he does, and he is plus billions in the net, so your "analysis" is as pathetic as your life.

Peyton Manning did not carry over his interceptions to the next year

It doesn't matter how many interceptions he threw as long as he wins the superbowl

 

[JimH52]

His tax return is not his net wealth, but that is so far above your understanding of the issue, it isn't worth explaining...

Oh, but it would give his charitable contributions, which I expect are about the same amount he paid in taxes. COMRADE TRUMP = THE GREAT FAKER!

 

[JimH52]

so I guess she's a shitty business person too

That is an understatement.

Whitewater - FRAUD
Madison S&L - FRAUD
Castle Grande - FRAUD
cattle futures - FRAUD


at least Hillary was "consistent."

Nothing but "maybe" "perhaps" "they said"

Trump University and paying for a six foot portrait of yourself with charity money. Now that is FRAUD

 

[nat4900]

SO what?

Dose your "backside" hurt or are you used to it by now?

 

[rightwinger]

so I guess she's a shitty business person too

That is an understatement.

Whitewater - FRAUD
Madison S&L - FRAUD
Castle Grande - FRAUD
cattle futures - FRAUD


at least Hillary was "consistent."

All those frauds ....too bad all you have is conspiracy theories to back them up

 

[nat4900]

Shillary took an over 700K business loss just a few years ago so I guess she's a shitty business person too

Is Hillary running on the mantra that she the "BEST business person in the world"....? Yes or No?

Answer that simple question and feel free to call yourself an idiot.

 

[NYcarbineer]

Here's the best theory we've seen of how Trump paid so little tax

 

[nat4900]

Why don't you look up the word proportional ?

LAME......

 

[nat4900]

Here's the best theory we've seen of how Trump paid so little tax

An important excerpt from your link......

According to a Tuesday column by Lee Sheppard in the tax industry publication Tax Notes, Trump may have benefited greatly in the 1990s from a tax loophole related to forgiven debts — a loophole that would have allowed him to deduct business losses on his personal income tax return, even if those losses were actually borne by banks that loaned Trump money and never got it back.

 

[Uncensored2008]

[

An important excerpt from your link......

According to a Tuesday column by Lee Sheppard in the tax industry publication Tax Notes, Trump may have benefited greatly in the 1990s from a tax loophole related to forgiven debts — a loophole that would have allowed him to deduct business losses on his personal income tax return, even if those losses were actually borne by banks that loaned Trump money and never got it back.

Ah, so you leftists are just making shit up out of thin air and posting it as fact.

No facts needed by the tabloid NY Times (TEAM HILLARY) - just make it up and run with it. Throw "may' in every so often for deniability.

Hillary MAY have murdered Seth Rich. He has been identified as the leak of the DNC emails to WikiLeaks. Hillary potentially viewed his act as a betrayal and had him snuffed out in reprisal and to silence him.

My story is as plausible - far more really, than the shit you're posting.

 

[Skull Pilot]

SO what?

Dose your "backside" hurt or are you used to it by now?

You seem to forget I am not voting for Trump just exposing all you hypocrites who criticize someone for doing the exact same thing your candidiate does

 

[Skull Pilot]

Shillary took an over 700K business loss just a few years ago so I guess she's a shitty business person too

Is Hillary running on the mantra that she the "BEST business person in the world"....? Yes or No?

Answer that simple question and feel free to call yourself an idiot.

She's saying she's "qualified" to handle the country's economy isn't she?

 

[Skull Pilot]

Why don't you look up the word proportional ?

LAME......

Yes, it is lame you don't understand the concept of proportionality

 

[oreo]

We are not talking about a country here (although there are some whose GDP is just about $1 billion), but we are talking about an individual who is running for president on the mantra of "the best businessman on the planet.....ever......trust him, believe in him....he's the greatest, etc."

Yes, our tax system is seriously flawed in allowing someone, like Trump, to not only list losses of $916 million in ONE single year (and the repercussions that such a loss may have also caused on others)....BUT to turn around and be exempt from any tax burden for 18 subsequent years...........AND, the clincher, is to carry on in your lifestyle after such a loss, to STILL be living in a penthouse, have a private plane and still be able to walk into most banks and get additional risky loans.

I know that many of us have written Trump's eulogy over many other discovered flaws in Trump's character and history, but surely the average voter must place aside any hatred of Clinton and REJECT this charlatan who could seriously damage not only our economy, but who is thin-skinned enough to even risk our world standing.

It has something to do with a tax loophole back then. It was really the banks that took the hit on his loss, but he was able to write off the banks side of the loss also. So let's say he lost 100 million personally the bank lost the other 816 million, total loss was 916 million and he got to write the whole thing off and has been tax free on that loss ever since. It has something do to with being a real estate developer that none of the rest of can do. Figures.

I don’t understand how Trump, who had very little of his own cash invested in his projects in the 1990s but did personally guarantee part of their debt, could end up with tax losses of that magnitude. They’re almost certainly paper losses rather than out-of-pocket losses. It’s possible that those losses somehow vanished into the ether from which they came — we have no way to tell.

The most shocking part of Donald Trump’s tax records isn’t the $916 million loss everyone’s talking about