Trump Thread

[Montmorency]

Hm. Well, as newly-revealed tax returns from 1985-1994 show, Trump's businesses were an even bigger failure than the near-total failure that was publicly known. He appears to have lost more money in those years than almost any single American known to the IRS. No kidding.

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.

Spoiler Alert, click show to read: 

But like with the Mueller Report, we've known most of this for a long time.

The first of the two previous glimpses of the president’s tax returns came from his 1995 filings, pages of which were anonymously mailed to The Times in 2016. They showed that Mr. Trump had declared losses of $915.7 million, giving him a tax deduction so substantial that it could have allowed him to legally avoid paying federal income taxes on hundreds of millions of dollars of income for almost two decades.

Unfortunately, we still don't have the more recent tax returns he is unlawfully ordering withheld from Congress.

Please keep in mind, there is no such thing as 'too stupid to be a fascist.'





By the way, just, can we get rid of this shit please, free money for being bad at being rich?

giving him a tax deduction so substantial that it could have allowed him to legally avoid paying federal income taxes on hundreds of millions of dollars of income for almost two decades.

Jog on.