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General News    H4'ed 1/30/20

Business Genius Trump Lost More Money Than Anyone in America Between 1985-1994

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'The NY Times provided a trove of evidence from the president’s tax info from 1985–199 that  reveal the only real skill possessed by the vaunted real estate mogul was hemorrhaging obscene amounts of money. In fact, Trump lost more money than any other American taxpayer over the course of the decade in question: $1.17 billion.Trump lost so much money between 1985 and 1994 — including over 250 million in both 1990 and 1991 — that he didn’t even have to pay income taxes in eight of the 10 years. Despite the losses, Trump was able to maintain his ultra-luxe lifestyle because most of the money had been borrowed from banks, and because of the $413 million (in today’s dollars, adjusted for inflation) he was able to secure from his father by bobbing and weaving his way around the tax code, as the Times reported last fall.

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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Susan Lee Schwartz

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His main skill is as a liar and a mobster.

Submitted on Thursday, Jan 30, 2020 at 10:32:31 PM

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RG Cunningham

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Went to the link but didn't want to subscribe just to read this article.

I have been saying all along that Trump doesn't want his tax returns made available for 2 reasons: Shame at not being nearly as wealthy as he claims; and 2, cooking the books. So he can claim massively lower income while keeping much of it off the record. He's known for using OPM [other people's money] in his dealings and then, as the criminal, loser thief he is, ripping them off. He has more than 3,500 lawsuits pending against him at the moment.

Submitted on Friday, Jan 31, 2020 at 8:55:59 PM

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Susan Lee Schwartz

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Reply to RG Cunningham:   New Content

He uses the law to evade justice on every level!

Submitted on Monday, Feb 3, 2020 at 9:10:04 PM

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