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- Aug 18, 2015
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link?You are a fool thinking that 6 lost investments out of hundreds makes him a risk! This certainly is the guy to handle our budget. Problem is we also have to deal with congress who think of themselves first and not the country when making laws.You can't fault Trump for taking advantages of tax loopholes however, that's not the source of his huge tax losses. These losses are due to his poor businesses decisions and reckless handling of creditors and investors funds that lead to a string bankruptcies. These aren't the qualifications needed for the guy that's going to be responsible for a 4 trillion dollar budget and the safety of nation.Everybody I know pays the least in taxes they can.
Yup. Common sense which the lefty loons don't seem to have.
Everyone I know does exactly that. Pay as little as they can get away with.
he lost close to a billion dollars in one year! did you know, he was such a bad risk- that the banks holding all those loan notes actually put him on an allowance back in the '90s?
lol... okey dokey sweety, here it is & please note what year it was written. now don't choke on the truth too hard m'k?
Quick: Who'd Have Trouble Living on $450,000 a Month?
By KURT EICHENWALD
Published: June 26, 1990
Donald J. Trump, who has lectured America about architecture, foreign policy and, most of all, how to do deals, may be about to learn a lesson of his own: how to live in Manhattan on $450,000 a month.
That scarcely onerous restriction is being imposed by Mr. Trump's bankers, who have insisted that the man who has made conspicuous consumption a personal trademark must curb his spending a bit.
Moreover, the $450,000-a-month allowance excludes some of the largest of Mr. Trump's daunting expenses, the bankers say. These extras, based on Mr. Trump's spending in May, include the costs of maintaining his personal 727 jetliner ($246,000) and his 282-foot yacht ($841,000). The yacht and the personal jet, to be sure, may be sold to trim the real estate developer's mountainous debts.
In May, Mr. Trump also paid interest of $2.1 million on his personal debt, while his legal, charitable and business expenses totaled $382,000. His interest payments and various expenses do not count as personal spending, either.
Still, the $450,000-a-month limit will require some belt-tightening on Mr. Trump's part. In May, his bankers report, Mr. Trump's personal spending amounted to $583,000 for day-to-day necessities of the ultrarich life style, which range from his $2,000 suits to the costs of maids, gardeners and chefs at his three homes.
So to meet the bankers' target, Mr. Trump must trim his personal expenses by more than $100,000 from the May level. If he can do that, the banks will agree to lend Mr. Trump even more money.
The terms are being required by the banks, which are attempting to structure a loan to Mr. Trump to keep his faltering empire out of bankruptcy court.
[...]
Quick: Who'd Have Trouble Living on $450,000 a Month?
you are so very welcome
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