Donald Trump
Out of context: Reply #2454
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- lowimpakt4
"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.
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.
Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years. It is not known whether the I.R.S. later required changes after audits."
- Money. How does it work?wagshaft
- Economic genius.BusterBoy
- Economic non-contributorBonSeff
- Check the Atlantic City story where his dad had to bail him out by buying chips at his casino.BonSeff
- #stable genius. He would have more net worth if he just banked the 100million his dad gave him in the 80’s and did nothing.BH26
- The biggest loser in America lives an entire life as a winner and has everyone convinced. How could he not be president?********
- He's a type of genius, and also a real piece of shit.********
- "His losses were so big that in 1991 they accounted for fully 1% of all business losses declared that year by individual American taxpayers."yuekit
- ^ lol...that's kind of amazing. Literally the 1%.yuekit