Trump-$1.2 Billion In Core Business Losses

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

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

This is damning.
Going back 30 to 40 years are we. Your messiah was snorting cocaine and smoking marijuana to come down. Ole Bill Clinton was raping women back then. You saw one of Trumps tax returns that proved he paid his fair share, but it didn't fit your narrative.
 
And what do you call what Bush handed Obama?
A mess caused by government and big banks colluding to screw everyone else. Then Obama protected the big banks and did nothing for the people.
In the 90s Obammy sued banks to force them to make home loans to illegal aliens.

Obama did that in the 90s huh? He wasn't even in public office in the 90s. Oh, and the CRA is not the reason for the recession.

https://www.washingtonpost.com/news...-government-did-not-cause-the-housing-crisis/v

Obama did that in the 90s huh? He wasn't even in public office in the 90s.

What do you think he did as a "community organizer"?

He didn't cause the housing crisis or the recession. The banks did that.

https://www.washingtonpost.com/news...-government-did-not-cause-the-housing-crisis/I

Forcing banks to write crappy mortgages is never a good idea.
Forcing Fannie and Freddie to buy the crappy mortgages is even worse.
 
What a businessman!

How did anyone lose money in the 90s during the dot com boom?

In 1990 and 1991? Many lost money. The dot.com boom didn’t start until the late 90’s and by the end of dot.com era, many lost millions and billions of dollars. Remember?

That would be rich people. Everyone else was doing great thanks to the booming Clinton economy.

2001 a month after Bush entered office, the recession of 2001 took place, that was the Clinton economy. It hurt not only the rich but many others.
 
What a businessman!

How did anyone lose money in the 90s during the dot com boom?
yes, when the tech stock bubble burst it caused a recession which Billyboy Clinton handed to Bush

Clinton handed Bush the best economy since the Eisenhower administration.

Trump lost money on a casino, and then lost the casino.

I’m sure all of those people that just paid all of those higher taxes they never paid before, after watching him give himself a tax cut, will be voting for him next year.

O he didn’t, March of 2001 a month and a half after Clinton left office we were in a recession.
 
The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

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

This is damning.
/——-/ losing money in business 30 years before becoming president is not an impeachable offense. But nice stretch.
View attachment 259867
And who made the claim that being a loser businessman is an impeachable offense? Name names.
 
The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

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

This is damning.
Paid no income taxes in 8 out of 10 years?
4by3_banner_opt1_smaller.width-1024.jpg

Narco-a-lago: Money Laundering at the Trump Ocean Club, Panama | Global Witness

What will we discover from his last six years of returns?
Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off. But what I did over in Saudi Arabia, now that was just a hoot. I was earning $70,000 a year tax free and also had $10,000 of deductions that I used to burn off capital gains on my HD stock. I learned how to avoid paying taxes like Nancy Pelosi, Bill Clinton and his wife, even Barrack Hussain Obama, because if the ability to not pay taxes is only for smart people, then only the dumbasses are too stupid enough, to pay the full amount of taxes...
Dumbasses like you dont understand that when you lose money from business dealings, that is a tax right off.
Whose money did Trump lose over those ten years, his own or his casino bondholders? If he made $10 million trading stock and lost hundreds of millions of other people's money on his failed casinos and used those "losses" to offset his personal income, he's a fraud if not a tax cheat.
/——-/ “What if” is not a valid reason to impeach a sitting president. But another great reach on Bizzaro’s world.
View attachment 259870
Again....you and this "losing businessman...someone claims this is a valid reason to impeach him" thing.
 
The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

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

This is damning.

No it isn't anyone with a brain knows that when you risk a lot of money, you can lose or gain a lot of money. Nine out of ten businesses fail, that is why I don't begrudge those who make it big.

Dude simply lost a ton of money. Good businessmen make money.

Good businessmen come back from down times. Trump lost a ton of money...then he made a ton of money. Why you think that is "damning" mystifies me! Anyone who knows Trump's history knows that there was a real rough patch in the 80's and early 90's. It is what it is.
 
The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

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

This is damning.
So what? Trump could shoot his accounts on 5th Avenue and his trumpettes still won't care.
Remember when CRCs said he was this amazingly successful businessman? :71: Now it's all about "Yes, he was a loser businessman but so what?" :71:
 
The Art of Losing.
Oct31-Nov13_2016_Trump.w330.h412.jpg

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

"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."
Notice how the wording is individual, but GM and Chrysler sure did fuck it up for their employees when they declared bankruptcy and had to be bailed out at the tune of over 35 billions dollars all from the tax payers..Thanks Obama.
 

I know, right? Right wingers on the USMB are incredibly pathetic that way.

It seems Trump is rich when he wants to be rich and poor when it's time to pay taxes.

5 Takeaways From 10 Years of Trump Tax Figures

In 1985, his core businesses reported a loss of $46.1 million; they also carried over a $5.6 million loss for earlier years.

Because those businesses were generally created as partnerships, they did not pay federal income taxes themselves. Instead, their gains, and their losses, flowed onto Mr. Trump’s ledger. To put his results in perspective, The Times compared them with detailed information that the I.R.S. compiles on an annual one-third sampling of high earners. Most of them appeared, like Mr. Trump, to be businessmen who received what is known as pass-through income.

In all, Mr. Trump lost so much money that he was able to avoid paying any federal income taxes for eight of the 10 years.

Amid the hundreds of figures on 10 years of tax transcripts, one number is particularly striking: $52.9 million in interest income that Mr. Trump reported in 1989.

In the three previous years, Mr. Trump had reported $460,566, then $5.5 million, then $11.8 million in interest.

The source of that outlier $52.9 million is something of a mystery.

------------------------

Because most people aren't millionaires there is something few know. We all know Trump boasts about using OPM (other people's money). That means if you are in business but the money you are using is OPM and you lose that money, you can't claim tax deductions. Why? Because it's OPM. They can claim tax deduction, but you can't because it wasn't your money. It trump didn't pay taxes on his own money because he claimed loses from OPM, that's tax fraud and tax evasion.
I'm guessing the statute of limitations has passed. But if he did that, it's massive, massive bank fraud and tax evasion.

You're "guessing" that's what happened? Based on what, R-Derp? Your CPA certification? You're the dumbest poster on this board when it comes to economics but suddenly you're claiming bank fraud and tax evasion based on your "guesses"?

I "guess" that some people will ALWAYS be idiots!
 
The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

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

This is damning.
So what? Trump could shoot his accounts on 5th Avenue and his trumpettes still won't care.
Remember when CRCs said he was this amazingly successful businessman? :71: Now it's all about "Yes, he was a loser businessman but so what?" :71:
/----/ Here's a list of losers you can bash 24/7 Have fun.
12 Famous People Who Failed Before Succeeding | Wanderlust Worker
For isnstance
#10 – Thomas Edison
This famous American is attributed with failing over 10,000 times to invent a commercially viable electric lightbulb, but he didn’t give up.

thomas-edison.jpg

PHOTO CREDIT: WIKIPEDIA
 
The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

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

This is damning.
/——-/ losing money in business 30 years before becoming president is not an impeachable offense. But nice stretch.
View attachment 259867
And who made the claim that being a loser businessman is an impeachable offense? Name names.
/----/ I'm inferring from OP's post #1. His goal is to get Trump out of office and he's yet to deny it. So there.
 
The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

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

This is damning.
Paid no income taxes in 8 out of 10 years?
4by3_banner_opt1_smaller.width-1024.jpg

Narco-a-lago: Money Laundering at the Trump Ocean Club, Panama | Global Witness

What will we discover from his last six years of returns?

A Deal Maker in Financial Distress


Every year from 1985 through 1994, Donald J. Trump reported a negative adjusted gross income on his tax returns. That number grew as new losses were combined with those from prior years. The New York Times previously found that Mr. Trump declared an adjusted gross income in 1995 of negative $915.7 million.

trump-head.png

1987: “I don't do it for the money. I’ve got enough, much more than I’ll ever need.”

1990: “It’s been good financially.”

Rich Harris and Andrew Rossback/
The New York Times



About two weeks before the stock market crash of Oct. 19, 1987, he spent $29 million on a 282-foot yacht. Months later he bought the Plaza Hotel for $407 million. He recorded $42.2 million in core business losses for 1987, and $30.4 million for 1988.

In 1989, he bought a shuttle operation from Eastern Airlines for $365 million. It never made a profit, and Mr. Trump would soon pump in more than $7 million a month of his dwindling cash to keep it airborne, New Jersey casino regulators, who closely monitored his finances in those years, found.

Mr. Trump’s business losses that year soared to $181.7 million.

Then came the Trump Taj Mahal Hotel and Casino, which opened in April 1990 saddled with more than $800 million in debt, most at very high interest rates. It did not generate enough revenue to cover that debt, and sucked revenue from his other casinos, Trump’s Castle and Trump Plaza, pulling them deep into the red.

As a result, 1990 and 1991 represented the worst years of the period reviewed by The Times, with combined losses of $517.6 million. And over the next three years, as Mr. Trump turned over properties to his lenders to stave off bankruptcy, his core businesses lost an additional $286.9 million.

The 10-year total: $1.17 billion in losses.
As a result, 1990 and 1991 represented the worst years of the period reviewed by The Times, with combined losses of $517.6 million. And over the next three years, as Mr. Trump turned over properties to his lenders to stave off bankruptcy, his core businesses lost an additional $286.9 million.
Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

"The new information also suggests that Mr. Trump’s 1990 collapse might have struck several years earlier if not for his brief side career posing as a corporate raider.

"From 1986 through 1988, while his core businesses languished under increasingly unsupportable debt, Mr. Trump made millions of dollars in the stock market by suggesting that he was about to take over companies.

"But the figures show that he lost most, if not all, of those gains after investors stopped taking his takeover talk seriously."

Don the Con is the biggest fraud in US History.
You must really hate Warren Buffet.
You must really hate Warren Buffet.
42f2931513a706607a8f854bde0c4e8d83a44305027ea769d93bb297ddbd8ac7_1.jpg

Why do you worship stupidity?
Lol
And he still kicked the shit out of you progressives...
 
A mess caused by government and big banks colluding to screw everyone else. Then Obama protected the big banks and did nothing for the people.
In the 90s Obammy sued banks to force them to make home loans to illegal aliens.

Obama did that in the 90s huh? He wasn't even in public office in the 90s. Oh, and the CRA is not the reason for the recession.

https://www.washingtonpost.com/news...-government-did-not-cause-the-housing-crisis/v

Obama did that in the 90s huh? He wasn't even in public office in the 90s.

What do you think he did as a "community organizer"?

He didn't cause the housing crisis or the recession. The banks did that.

https://www.washingtonpost.com/news...-government-did-not-cause-the-housing-crisis/I

Forcing banks to write crappy mortgages is never a good idea.
Forcing Fannie and Freddie to buy the crappy mortgages is even worse.

It is not what led to the crisis however. Imagine the loans were heads of lettuce. One had of lettuce out of a dozen has ecoli. You know which one it is. The responsible thing is to separate that head from the others. The banks just chopped up all the good lettuce and mixed it with the bad lettuce. THAT is what led to the crisis, not the existence of the ecoli lettuce.
 
In the 90s Obammy sued banks to force them to make home loans to illegal aliens.

Obama did that in the 90s huh? He wasn't even in public office in the 90s. Oh, and the CRA is not the reason for the recession.

https://www.washingtonpost.com/news...-government-did-not-cause-the-housing-crisis/v

Obama did that in the 90s huh? He wasn't even in public office in the 90s.

What do you think he did as a "community organizer"?

He didn't cause the housing crisis or the recession. The banks did that.

https://www.washingtonpost.com/news...-government-did-not-cause-the-housing-crisis/I

Forcing banks to write crappy mortgages is never a good idea.
Forcing Fannie and Freddie to buy the crappy mortgages is even worse.

It is not what led to the crisis however. Imagine the loans were heads of lettuce. One had of lettuce out of a dozen has ecoli. You know which one it is. The responsible thing is to separate that head from the others. The banks just chopped up all the good lettuce and mixed it with the bad lettuce. THAT is what led to the crisis, not the existence of the ecoli lettuce.

The federal government "encouraged" banks to make shaky loans because....justice or racism or something.
The federal government forced Fannie and Freddie to buy more than $1 trillion of the crappy mortgages.

Did those two things have anything to do with inflating the real estate bubble?
 
We elected a liar and conman. If you’re not rich you’re being conned
Obama definately was a liar and conman. How did that hope and change work out for you?
Great. I got a great job in 2015 and I killed it. Did even better in 2016. Even better in 17. Even better in 18 and I’m on track to do even better this year.

So I know obama was doing a great job. Trump made the rich richer. Are you richer?


I know I'm richer because of Donald J. Trump.

Are you rich? If not, you might want to wait until your retirement before you decide that. How much will your middle class taxes be in a few years? We will have to make up for the Trump tax breaks to the rich and our tax breaks will have expired. So maybe right now you feel richer, but just wait.

Cost of medicare will be much higher because of Republican cuts to the program.

Same for Social security. How much is he going to cut your social security to pay for those tax breaks to corporations?

Are you rich? If not then you don't know what you are saying.

I make over $100K and I have no bills. My condo is paid off and I have a lease payment so my bills are maybe $1000 a month. That's $12K a year in bills. I'm saving my ass off because I know these cuts are coming.

Hell how many people I know thought their retirement age was 65 and just recently they found out Reagan in the 80's raised it to 67 for people their age. He too had to make up for the cuts he gave rich people and corporations. So he raised our retirement age to 67. And you went along with it. In fact you voted for it. And now you are doing it again. Now it will be 70.

How old are you? How rich are you? Are you a greedy rich guy or a dumb middle class person?

I am rich compared to 90% of you and still I can't get myself to vote GOP so I want to know why you people do it. This is a question for every Republicans who reads this post. What do you do and how much are you saving?
 
We elected a liar and conman. If you’re not rich you’re being conned
Obama definately was a liar and conman. How did that hope and change work out for you?
Great. I got a great job in 2015 and I killed it. Did even better in 2016. Even better in 17. Even better in 18 and I’m on track to do even better this year.

So I know obama was doing a great job. Trump made the rich richer. Are you richer?


I know I'm richer because of Donald J. Trump.

Are you rich? If not, you might want to wait until your retirement before you decide that. How much will your middle class taxes be in a few years? We will have to make up for the Trump tax breaks to the rich and our tax breaks will have expired. So maybe right now you feel richer, but just wait.

Cost of medicare will be much higher because of Republican cuts to the program.

Same for Social security. How much is he going to cut your social security to pay for those tax breaks to corporations?

Are you rich? If not then you don't know what you are saying.

I make over $100K and I have no bills. My condo is paid off and I have a lease payment so my bills are maybe $1000 a month. That's $12K a year in bills. I'm saving my ass off because I know these cuts are coming.

Hell how many people I know thought their retirement age was 65 and just recently they found out Reagan in the 80's raised it to 67 for people their age. He too had to make up for the cuts he gave rich people and corporations. So he raised our retirement age to 67. And you went along with it. In fact you voted for it. And now you are doing it again. Now it will be 70.

How old are you? How rich are you? Are you a greedy rich guy or a dumb middle class person?

I am rich compared to 90% of you and still I can't get myself to vote GOP so I want to know why you people do it. This is a question for every Republicans who reads this post. What do you do and how much are you saving?
/----/ "We will have to make up for the Trump tax breaks to the rich"
Oh Bullshyt. You can't back that up with any facts - it's just your wishful thinking of doom and gloom.
 
We elected a liar and conman. If you’re not rich you’re being conned
Obama definately was a liar and conman. How did that hope and change work out for you?
Great. I got a great job in 2015 and I killed it. Did even better in 2016. Even better in 17. Even better in 18 and I’m on track to do even better this year.

So I know obama was doing a great job. Trump made the rich richer. Are you richer?


I know I'm richer because of Donald J. Trump.

Are you rich? If not, you might want to wait until your retirement before you decide that. How much will your middle class taxes be in a few years? We will have to make up for the Trump tax breaks to the rich and our tax breaks will have expired. So maybe right now you feel richer, but just wait.

Cost of medicare will be much higher because of Republican cuts to the program.

Same for Social security. How much is he going to cut your social security to pay for those tax breaks to corporations?

Are you rich? If not then you don't know what you are saying.

I make over $100K and I have no bills. My condo is paid off and I have a lease payment so my bills are maybe $1000 a month. That's $12K a year in bills. I'm saving my ass off because I know these cuts are coming.

Hell how many people I know thought their retirement age was 65 and just recently they found out Reagan in the 80's raised it to 67 for people their age. He too had to make up for the cuts he gave rich people and corporations. So he raised our retirement age to 67. And you went along with it. In fact you voted for it. And now you are doing it again. Now it will be 70.

How old are you? How rich are you? Are you a greedy rich guy or a dumb middle class person?

I am rich compared to 90% of you and still I can't get myself to vote GOP so I want to know why you people do it. This is a question for every Republicans who reads this post. What do you do and how much are you saving?

We will have to make up for the Trump tax breaks to the rich and our tax breaks will have expired.

Pelosi and AOC haven't produced a bill to make the middle class tax cuts permanent? Weird.

Hell how many people I know thought their retirement age was 65 and just recently they found out Reagan in the 80's raised it to 67 for people their age.

Darn that Reagan, sneaking in that change in 1983 and not telling your moron friends.
 
We elected a liar and conman. If you’re not rich you’re being conned
Obama definately was a liar and conman. How did that hope and change work out for you?
Great. I got a great job in 2015 and I killed it. Did even better in 2016. Even better in 17. Even better in 18 and I’m on track to do even better this year.

So I know obama was doing a great job. Trump made the rich richer. Are you richer?


I know I'm richer because of Donald J. Trump.

Are you rich? If not, you might want to wait until your retirement before you decide that. How much will your middle class taxes be in a few years? We will have to make up for the Trump tax breaks to the rich and our tax breaks will have expired. So maybe right now you feel richer, but just wait.

Cost of medicare will be much higher because of Republican cuts to the program.

Same for Social security. How much is he going to cut your social security to pay for those tax breaks to corporations?

Are you rich? If not then you don't know what you are saying.

I make over $100K and I have no bills. My condo is paid off and I have a lease payment so my bills are maybe $1000 a month. That's $12K a year in bills. I'm saving my ass off because I know these cuts are coming.

Hell how many people I know thought their retirement age was 65 and just recently they found out Reagan in the 80's raised it to 67 for people their age. He too had to make up for the cuts he gave rich people and corporations. So he raised our retirement age to 67. And you went along with it. In fact you voted for it. And now you are doing it again. Now it will be 70.

How old are you? How rich are you? Are you a greedy rich guy or a dumb middle class person?

I am rich compared to 90% of you and still I can't get myself to vote GOP so I want to know why you people do it. This is a question for every Republicans who reads this post. What do you do and how much are you saving?
/----/ "We will have to make up for the Trump tax breaks to the rich"
Oh Bullshyt. You can't back that up with any facts - it's just your wishful thinking of doom and gloom.

That's what they always say. We aren't trying to cut social security and medicare, then they cut them. We aren't trying to ban abortion, then they try to ban abortions. Our policies aren't going to cause a great recession, then their policies cause a great recession.

Right now all over America local and state governments are trying to figure out how to pay for new roads and bridges. Guess who's taxes are going up? Yours and mine.

Even Republicans in Red states are saying maybe they have to raise taxes to pay for teachers raises. They never put two and two together. They never connect all the tax breaks that rich people and corporations got to why federal and state governments are suddenly broke and need to raise OUR taxes.

And what's funny is middle class Republicans never cry as much when their own taxes get raised as much as USMB Republicans cry at the idea of rich people and corporations paying their fair share.

In other words you house slaves are ok with paying more just don't tax your masters.
 

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