He didn't build that - how Deplorable Don used tax breaks

[Legion Troll]

The way Trump tells it, his first solo project as a real estate developer was a triumph.

The hotel, Trump bragged in “Trump: The Art of the Deal,” his 1987 best seller, “was a hit from the first day.”

But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run.

The project set the pattern for Trump’s career: He used his father’s, and, later, his own, political connections, and relied on a huge amount of assistance from the government and taxpayers in the form of tax breaks, grants and incentives to benefit his real estate empire.

Since then, Trump has reaped at least $885 million in tax breaks, grants and other subsidies, according to tax, housing and finance records.


http://www.nytimes.com/2016/09/18/nyregion/donald-trump-tax-breaks-real-estate.html

 

[PostmodernProphet]

???....that's what they're for..

 

[Bill]

The way Trump tells it, his first solo project as a real estate developer was a triumph.

The hotel, Trump bragged in “Trump: The Art of the Deal,” his 1987 best seller, “was a hit from the first day.”

But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run.

The project set the pattern for Trump’s career: He used his father’s, and, later, his own, political connections, and relied on a huge amount of assistance from the government and taxpayers in the form of tax breaks, grants and incentives to benefit his real estate empire.

Since then, Trump has reaped at least $885 million in tax breaks, grants and other subsidies, according to tax, housing and finance records.


http://www.nytimes.com/2016/09/18/nyregion/donald-trump-tax-breaks-real-estate.html

Crony capitalism for the rich, cold hard unfettered capitalism for the rest of us......

Vote for don what you got to lose?? A house? Car? Boat? Kids in school??

 

[Legion Troll]

Crony capitalism for the rich, cold hard unfettered capitalism for the rest of us......

Vote for don what you got to lose?? A house? Car? Boat? Kids in school??

It's hilarious that he takes the credit for all his "success" and gets corporate welfare.

 

[christiefan915]

Cons like Trump make a religion of tax evasion.

 

[Legion Troll]

Cons like Trump make a religion of tax evasion.

Could be why he won't release his tax returns as others have done.

 

[christiefan915]

Could be why he won't release his tax returns as others have done.

Well yeah. They must be pretty damning, the lengths he's going to in order to keep them hidden. He even has his kids lying for him.

 

[Legion Troll]

Wasn't he pals with Ed Koch?

 

[domer76]

The way Trump tells it, his first solo project as a real estate developer was a triumph.

The hotel, Trump bragged in “Trump: The Art of the Deal,” his 1987 best seller, “was a hit from the first day.”

But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run.

The project set the pattern for Trump’s career: He used his father’s, and, later, his own, political connections, and relied on a huge amount of assistance from the government and taxpayers in the form of tax breaks, grants and incentives to benefit his real estate empire.

Since then, Trump has reaped at least $885 million in tax breaks, grants and other subsidies, according to tax, housing and finance records.


http://www.nytimes.com/2016/09/18/nyregion/donald-trump-tax-breaks-real-estate.html

Tony Schwartz, the guy who wrote The Art of the Deal with Trump, recognized right away what a pathological liar Trimp is.

 

[Legion Troll]

Tony Schwartz, the guy who wrote The Art of the Deal with Trump, recognized right away what a pathological liar Trimp is.

Did he get paid?

 

[domer76]

Did he get paid?

Unlike many of Trump's contractors, probably so.

 

[Legion Troll]

Fun fact: Deplorable Don sued Rudy Giulani to get a tax cut.

He's sucked up more government dollars than any welfare queen to build "his" empire.

And this is just Manhattan.

 

[PostmodernProphet]

I thought you guys believed he was broke.....now you say he has an "empire"......no wonder the voters think you're confused.....