NYT: Trump TAX returns show DECADE in the RED almost $2BIL lost.

C

Centerleftfl

Verified User
Uh oh, his TAX RETURNS are starting to come out! A decade, year over year, MILLIONS each year in the red. So where was he able to keep BORROWING MONEY to lose money year over year for a decade?

What year was the "Art of the Deal"? 1987. So 10 years of LOSSES and he wrote the 'ART OF THE DEAL' in the same period. (Seriously, he probably NEEDED the money).


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


Newly obtained tax information reveals that from 1985 to 1994, Donald J. Trump’s businesses were in far bleaker condition than was previously known.

By RUSS BUETTNER and SUSANNE CRAIG
May 7, 2019

By the time his master-of-the-universe memoir “Trump: The Art of the Deal” hit bookstores in 1987, Donald J. Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns.

Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.

The data — printouts from Mr. Trump’s official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and most detailed look to date at the president’s taxes, information he has kept from public view. Though the information does not cover the tax years at the center of an escalating battle between the Trump administration and Congress, it traces the most tumultuous chapter in a long business career — an era of fevered acquisition and spectacular collapse.

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade...

https://www.nytimes.com/interactive...tion=click&module=Top Stories&pgtype=Homepage


 
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funny thing about tax returns. If you were to look at amazons or GE's tax returns they would show years of loss as they are still paying no taxes now yet they are some of the most highly valued companies in the world.

Im not sure but facebook and twitter and other social media platforms may be showing losses too.

Pretty much shows you how much information tax returns actually show you.
 
tsuke said:
funny thing about tax returns. If you were to look at amazons or GE's tax returns they would show years of loss as they are still paying no taxes now yet they are some of the most highly valued companies in the world.

Im not sure but facebook and twitter and other social media platforms may be showing losses too.

Pretty much shows you how much information tax returns actually show you.
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I bought Ballard Power Systems stock BLDP during the tech bubble in '99 and sold it after the crash on '00. I figured they'd go under.
That company has never shown a profit but they're still listed in NASDAQ as well as the TSX.
Never could figure how they do that.
 
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Centerleftfl said:
Uh oh, his TAX RETURNS are starting to come out! A decade, year over year, MILLIONS each year in the red. So where was he able to keep BORROWING MONEY to lose money year over year for a decade?

What year was the "Art of the Deal"? 1987. So 10 years of LOSSES and he wrote the 'ART OF THE DEAL' in the same period. (Seriously, he probably NEEDED the money).


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


Newly obtained tax information reveals that from 1985 to 1994, Donald J. Trump’s businesses were in far bleaker condition than was previously known.

By RUSS BUETTNER and SUSANNE CRAIG
May 7, 2019

By the time his master-of-the-universe memoir “Trump: The Art of the Deal” hit bookstores in 1987, Donald J. Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns.

Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.

The data — printouts from Mr. Trump’s official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and most detailed look to date at the president’s taxes, information he has kept from public view. Though the information does not cover the tax years at the center of an escalating battle between the Trump administration and Congress, it traces the most tumultuous chapter in a long business career — an era of fevered acquisition and spectacular collapse.

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade...

https://www.nytimes.com/interactive...tion=click&module=Top Stories&pgtype=Homepage
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No Russia money huh? Well damn
 
guno said:
But trumps poorly educated rubes love him
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its actually very poorly educated to think that everything revolves around tax returns when you have the richest companies in the world like amazon etc showing 0 profits and even losses in theirs just so they dont pay tax.
 
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