PaladinSolo Posted May 7, 2019 Share Posted May 7, 2019 He lost a lot of money, and everything he did lost money. https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html 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. In contrast to his father’s stable and profitable empire of rental apartments in Brooklyn and Queens, Mr. Trump’s primary sources of income changed year after year, from big stock earnings, to a single year of more than $67.1 million in salary, to a mysterious $52.9 million windfall in interest income. But always, those gains were overwhelmed by losses on his casinos and other projects. Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted May 7, 2019 Share Posted May 7, 2019 6 Quote Link to comment Share on other sites More sharing options...
MarSolo Posted May 7, 2019 Share Posted May 7, 2019 Now hopefully something stupid doesn't happen like Trump publicly pissing himself on camera so that this story can actually be a focus for a day or two. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted May 7, 2019 Author Share Posted May 7, 2019 It literally is just Trump going from con to con when it stops working, and relied on his father to keep living his life style as he lost hundreds of millions of dollars. Quote Link to comment Share on other sites More sharing options...
Jason Posted May 7, 2019 Share Posted May 7, 2019 Quote Link to comment Share on other sites More sharing options...
Jason Posted May 7, 2019 Share Posted May 7, 2019 Quote Link to comment Share on other sites More sharing options...
MarSolo Posted May 7, 2019 Share Posted May 7, 2019 Imagine going into Trump's casinos and playing Hungry Hungry Hippos and Candy Land to a huge reward! 2 Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted May 7, 2019 Share Posted May 7, 2019 How soon before a right-wing grifter starts a gofundme to pay off the president's debt? Quote Link to comment Share on other sites More sharing options...
Amazatron Posted May 7, 2019 Share Posted May 7, 2019 God I hope he releases his recent tax returns just to prove he's the "most successful businessman" because of this embarrassment. "SEE HOW MUCH MONEY I MADE OFF MY PRESIDENCY AND ALL THIS TAX FRAUD!" Quote Link to comment Share on other sites More sharing options...
Jason Posted May 8, 2019 Share Posted May 8, 2019 Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted May 8, 2019 Share Posted May 8, 2019 5 minutes ago, Amazatron said: God I hope he releases his recent tax returns just to prove he's the "most successful businessman" because of this embarrassment. "SEE HOW MUCH MONEY I MADE OFF MY PRESIDENCY AND ALL THIS TAX FRAUD!" 1 Quote Link to comment Share on other sites More sharing options...
Littleronin Posted May 8, 2019 Share Posted May 8, 2019 Hey, when you abuse bankruptcy courts you can lose as much money as you want. But my bigger question is, how was he losing money when he never pays anybody for the work they do? Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted May 8, 2019 Share Posted May 8, 2019 5 minutes ago, Littleronin said: Hey, when you abuse bankruptcy courts you can lose as much money as you want. But my bigger question is, how was he losing money when he never pays anybody for the work they do? I'm sure he pays his mob connections. It's one thing to stiff some electrical contractors. It's a whole other thing to stiff an organized crime family. Quote Link to comment Share on other sites More sharing options...
Jason Posted May 8, 2019 Share Posted May 8, 2019 14 minutes ago, mclumber1 said: I'm sure he pays his mob connections. It's one thing to stiff some electrical contractors. It's a whole other thing to stiff an organized crime family. Trump is a mob money laundering front. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted May 8, 2019 Share Posted May 8, 2019 4 Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted May 8, 2019 Share Posted May 8, 2019 2 minutes ago, Spork3245 said: You gotta lose a billion to make a million. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted May 8, 2019 Share Posted May 8, 2019 The more rich people I work under, the more I'm convinced many of them fall ass backwards into money and aren't financial whizzes. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted May 8, 2019 Share Posted May 8, 2019 2 minutes ago, SaysWho? said: The more rich people I work under, the more I'm convinced many of them fall ass backwards into money and aren't financial whizzes. Don't tell them that 1 Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted May 8, 2019 Share Posted May 8, 2019 17 minutes ago, SaysWho? said: The more rich people I work under, the more I'm convinced many of them fall ass backwards into money and aren't financial whizzes. Only many? Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted May 8, 2019 Share Posted May 8, 2019 1 minute ago, LazyPiranha said: Only many? So far, only many. The amount is subject to change based on future experiences. Quote Link to comment Share on other sites More sharing options...
Anathema- Posted May 8, 2019 Share Posted May 8, 2019 Death tax pls, call it the trump tax. Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted May 8, 2019 Share Posted May 8, 2019 Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted May 8, 2019 Author Share Posted May 8, 2019 Of course i committed tax fraud, but its all fake news! 1 Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted May 8, 2019 Share Posted May 8, 2019 Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted May 8, 2019 Share Posted May 8, 2019 You know, we're all being mean to our dear president, but what if it was a Bruster's Millions situation?! 2 Quote Link to comment Share on other sites More sharing options...
Jason Posted May 8, 2019 Share Posted May 8, 2019 50 minutes ago, thewhyteboar said: "I'm not a failure, I was committing tax fraud!" Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted May 8, 2019 Share Posted May 8, 2019 21 minutes ago, Mr.Vic20 said: You know, we're all being mean to our dear president, but what if it was a Bruster's Millions situation?! If Trump's early years were embodied by an 80's Richard Pryor comedy my bet would go to The Toy over Brewster's Millions. You know, bratty entitled rich kid owns and mistreats a black man.... 2 Quote Link to comment Share on other sites More sharing options...
Jason Posted May 8, 2019 Share Posted May 8, 2019 Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted May 8, 2019 Share Posted May 8, 2019 4 Quote Link to comment Share on other sites More sharing options...
Jason Posted May 8, 2019 Share Posted May 8, 2019 Quote Link to comment Share on other sites More sharing options...
Jason Posted May 8, 2019 Share Posted May 8, 2019 "Thank you bigly for showing my tweets on my favorite show!" Quote Link to comment Share on other sites More sharing options...
TwinIon Posted May 8, 2019 Share Posted May 8, 2019 39 minutes ago, Jason said: What I love about this part of the story is that even though he made $67M over three years by gaming wall street with his celebrity by pretending to buy companies, he almost immediately lost it all by actually trying. He lost $35M in one year on short term trades and $55M trying to gain control of a department store's real estate. He's only able to find success when he can con people out of money. When he actually tries to play the market or run a business, he fails. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted May 9, 2019 Share Posted May 9, 2019 The Onion and their fucking photoshops, damn them Trump Forced To Take On Second Job As CVS Cashier In Order To Pay Down Business Debts Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted May 9, 2019 Share Posted May 9, 2019 53 minutes ago, SaysWho? said: The Onion and their fucking photoshops, damn them Trump Forced To Take On Second Job As CVS Cashier In Order To Pay Down Business Debts "Managerial staff were both baffled and enraged when, at the end of Donald's first shift, his drawer came back 57 million short. "I don't even know how that is possible!" mused shift leader Dave" Quote Link to comment Share on other sites More sharing options...
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