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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!!!

The tax code permits what it permits.

On the other hand, it is no doubt illegal to steal tax info, and the NY Times is a Left Wing outfit and probably not even telling the truth.

Elkin is a Left Wing hater, and thus drenched in dismay and dire daily deeds.

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.

What is amazing....is not that Trump lost a $Billion....
but that he had a $Billion to lose...

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.

And now he's US President.....
One hell of a success story...even Clown and Elk have to admit it..

Yes, it shows there's a sucker born every minute and no one goes broke underestimating the intelligence of the American public. Trump has the support of all of them.

Case in point: sillydaddy.

Socialists such as Clown don't realize that one's fortunes in business, and in investments of all kind, go up and down.

In Clown's world, all things go down as often as he did in his dismal tenure as a towel boy in Frisco.

So Trump got a 400 million dollar inheritance from his father.....to later lose more than one billion dollars.

WTF

But when you inherit $450 million from your father....Clown
So Trump got a 400 million dollar inheritance from his father.....Elk

And then the media says it was $413 million....

Who do you believe Clown? how about you Elk?

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.

johnny, you support a guy who called for Russians to illegally hack his opponents. You support a guy who called for his supporters to physically assault protesters in his rallies. And you pretend you care about obeying the law. *LOL*

Hillary calls for the Chinese to find Trump's tax returns....
And like magic a bunch of those tax returns turn up...
Now that looks like a whole lot of collusion,
between Hillary and the Chinese , .wouldn't you say, Clown?

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

What is amazing....is not that Trump lost a $Billion....

So? All that really matters is his strategy worked and he's now a multi-billionaire and the most powerful man in the world.

Exactly...!!

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

The path to being a billionaire is rocky.

That is why nobody, including me, is a billionaire on this forum.

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."

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.

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.

Sorry to break the news, but you don't get any money from Trump fighting on your behalf a trade war with China.

Note to self: Elkin drunk early tonight.

Explain that to Justme..............

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.

"The path to being a billionaire is rocky."-johnflubs

"rocky"?

johnny, you have the funniest euphemisms for "breaking the law".

Why, thanks for that unsolicited praise.

Please order my video entitled "Puns of Steel."

And someone tell me how we are supposed to take investing advice from this guy?

Well, he's certainly proven he knows what he's doing, how many people do you know that are worth billions? It's childish to argue a billionaire doesn't know how to manage money.

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.

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.

It's childish to argue a billionaire doesn't know how to manage money.

That's like claiming a person who swims across the ocean can't swim.

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....

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.

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?

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

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?

I hear that Trump's is getting obliterated in the courts and that Deutsche Bank will be handing over financial records to the congress.

I'm just curious as to what Trump is hiding?

I thought that Trump doesn't do cover-ups?