Political discussions about everything
#115990
WASHINGTON (Reuters) - U.S. President Donald Trump's businesses lost a total of more than $1 billion from 1985 to 1994, according to the New York Times, which said it obtained printouts from Trump's official Internal Revenue Service tax transcripts.

The newspaper said Trump posted losses in excess of $250 million in both 1990 and 1991, which appeared to be more than double any other individual U.S. taxpayer, based on IRS data.

Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years, the Times said.

The White House did not immediately respond to a request for comment.

Trump, a real estate magnate who turned over the running of his businesses to his sons after his election in 2016, touted his business acumen and negotiating skills on the campaign trail.

Trump broke with a decades-old precedent by refusing to release his tax returns as a presidential candidate in 2016 or since being elected, saying he could not do so while his taxes were being audited.


OK......so that imbecile who ran some 5 casinos into the ground is also the same imbecile whose businesses lost over a billion dollars in the late 80s and early 90s?

Really..............get the fuck out of here!!!
#116002
What johnforbes is saying is that he can't refute a thing in the article.

On the other hand, it is no doubt legal for the NY Times to print tax info they have acquired, even if it was acquired illegally by someone else.

johnforbes is a Right Wing sycophant, and thus drenched in dishonesty and permissiveness, except of course when he doesn't like the ones taking the liberties. Then he preaches morality and ethics, as if they are something sacred to him, causing everyone else does a spit-take and laugh at his absurd hypocritical posturing.
#116005
Even ssillydummy realizes how amazing that is.

But when you inherit $450 million from your father and borrow millions more from banks, it's easy to lose more than you have.

Ivanka said in an interview in the 90s that her father was hundreds of millions in debt when he was pretending to be rich.
#116032
johnforbes wrote: Wed May 08, 2019 5:16 pm No, Trump didn't inherit 400 million.

That's an absurd claim.

Also, tax returns are secret and should be, but obviously the NY Times doesn't care about that.

Dems don't have to obey the law.
Johnnie...you are going to claim that Trump took a 1 million dollar loan and through an astonishing feat made a billion dollars and then lost it all?

Where do you people come up with this crazy shit?

LMFAO
#116095
So Trump received some 400 million dollar inheritance from his father. Ran 5 casinos and multiple other businesses into the ground and lost a billion dollars then had the dubious distinction of being the American taxpayer who lost the most amount of money for nearly a decade.

And someone tell me how we are supposed to take investing advice from this guy? And I suppose he taught those investing secrets at his "fake university."
#116156
I want to spend my tariff money on a flight with Trump Air to a Trump Casino in AC.

And I plan on having Trump steaks for dinner and washing it down with some Trump water.

But wait...............all of those companies went bankrupt because this moron thinks we make money on tariffs.
#116187
Tool, after going broke on his own money, he only got rich again by laundering money for the Russian criminals and oligarchs.

Trump sucks at investing. He's proven it over and over and over.

Fool you once, shame on him.

Fool you twice, shame on him.

Fool you dozens of times, you're just a moron.
#116198
Nobody ever said that Trump doesn't know how to manage money...you just made that shit up.

As Clownkicker said....Trump sucks at investing. And it's true because Trump lost some 1 billion dollars in less than a decade and ran multiple businesses into the ground. And ironically his "Trump University" where people were supposed to learn some real estate "secrets" just happened to be another scam job....
#116208
There are many forms of investing.

Trump has become a billionaire in real estate/golf/hotels/franchising/marketing/etc.

Trump long ago wrote a book entitled "The Art of the Comeback" about, well, his comeback.

He discussed turns in business fortunes on "The Apprentice."

The path to being a billionaire is rocky.

That is why nobody, including me, is a billionaire on this forum.
#116213
Nobody ever said that Trump doesn't know how to manage money...you just made that shit up.

As Clownkicker said....Trump sucks at investing. And it's true because Trump lost some 1 billion dollars in less than a decade and ran multiple businesses into the ground
Elk did you even read what you typed before you pushed submit?
#116250
Johnnie...even you have to admit that it doesn't take investing genius to take 400 million and turning it into a billion dollars. That could simply be done by investing in an S&P 500 index fund.

Second of all, at this point since Trump hasn't released his tax return, you do have to admit it's worth asking what he's hiding.

https://www.nytimes.com/interactive/201 ... ogin-email
#116286
Sure, that's true if ya look at annual average returns and assume -- as investors must -- that the future looks a bit like the past.

But there's no proof of the amount, and Democrats only raise such issues to attack Trump.

Hillary said she left the White House "dead broke" but now runs a 200 million dollar pay-to-play "foundation."

Are Democrat "journalists" curious about how that unfolded?
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