NYT is fake news.
biggest loser is crooked Hillary, like $1.2B campaign, sad
looks like he has a true superstar accounting team. Showing profits on every report is a ceo cooking bonuses thing
I thought this was about that weight loss show on tv. I was hopeful to come into this thread and see a bunch of fat people, I’m leaving disappointed.
Yep, the best is when liberals say he’s broke and he’s been dating supermodels, living in a $50mm+ penthouse, flying around in a 757 with his name on it for decades!
Art of the Shill?
interesting article igor!
i mean it sounded like the majority of the money lost is from his investors. he seemed to have structured it so that his downside is minimized while he got a salary. sounds like he structured it perfectly although i prolly wouldnt trust him with my money!
“Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases. Much was non monetary. Sometimes considered “tax shelter,” … “
“…you would get it by building, or even buying. You always wanted to show losses for tax purposes…almost all real estate developers did - and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!”
The President of the United States has spoken, well played Mr. President!
^lol prolly why he will never release those tax returns. he doesnt pay taxes.
but we shouldnt hate the player. we should hate the game.
Yep, innocent until proven guilty, and no one is more innocent than President Trump!
Dude represented 1% of all total income losses for the country. We literally elected the worst business man in America to the presidency.
"I think nobody knows more about taxes than I do, maybe in the history of the world."
to be fair if you own real estate. at acquisition, its very easy to ramp up op losses. for examole.
if you were to buy a property at the median price right now with median rent making basic assumptions. 3% appreciation, etc etc.
a property with respect to a 20% down payment, would yield 12% with apprecaition, -1% in cash flow, and a -20% in paper losses.
1987: “I don’t do it for the money. I’ve got enough, much more than I’ll ever need.” – loss 4.5 mil
1988: “If the world goes to hell in a handbasket, I won’t lose a dollar.” – loss 46 mil
1990: “It’s been good financially.” – loss 400 mil
And yet he’s worth $3B…
he owns a fuckton of businesses. im sure he uses the tax shelter to maximum effect. and many of the real estate he has purchased is prolly cash flowing with income. except the taj mahal. haha i heard that shit was sold for 4 cents on the dollar. lol
for 2017 alone, his golf courses made 250m.
haha one of the worst businessmen of all time
that article is super biased igor. you should read up on it using external sources.
im pretty sure they are talking about the taj mahal. trump spent maybe 1.2b buying and with construction. majority of which was financed trhough junk bonds.
lastly depreciation is prolyl only a third of expenses he can use as a tax shelter.
claims bias, provides no supporting evidence. starts speculating wildly and provides wiki link.
well done Jr. have an up vote
NYT is fake news, after they released the apology for their biased “reporting” after the election, you can’t take anything they write seriously.