In total, Trump's complex business and real estate interests had racked up a staggering cumulative loss of $313,566,824.: During each of those years, DJT Holdings reported assets north of $600 million, which in theory would be sufficient to cover those paper losses. And the complicated U.S.
tax code allows companies to carry losses for years on end — just one area that critics say is ripe for reform.: As an outsider candidate, part of Trump's appeal hinged on perceptions about his private sector acumen, earned through decades operating in New York's rough-and-tumble world of real estate.
szasz20 So what ?
So you’re saying he’s not a tax cheat? We could have told you that seven years ago
If he plays the game like other rich people then they intentionally tie up cash in assets so they can declare losses. Many then take out loans against those assets to avoid paying taxes.
Lol and he has the nerve not to pay any taxes!
Let compel everyone in the senate and Congress to release complete tax returns. Biden should be first on the list
All large Corporations have losses. This isn't shocking or abnormal. At least he wasn't snuggling up to Paul and Nancy for stock tips.
So he did not use the office of the presidency to corruptly enrich himself? Cool.
Well, that was the idea. Six year witch hunt for a nothingburger ends with a whimper.
Move along TDS 🤡s.
Who cares
Now do Nancy Pelosi's salary vs. her net worth.
Thanks for pointing this out Axios - illustrating that if you try and hold the Govt accountable & uncover corruption, they will savage you. On flip side, if you are a puppet (Obama, Biden, Clinton) you will be rewarded.
So he didn’t get richer in office? Not sure about you but I like that.
I believe none of it. The man is a crimin..LOL
Which means he becomes in the first politician in actually loss money in power good for Trump bad for corrupt stablisment
Is there a way to force trump and company to finally pay all the vendors, small businesses, and labors that they refused to pay?
Trump boot lickers are present …
This is almost as embarrassing as the time maddow got a hold of old Trump tax documents and read them on air and proved he paid his taxes 🤣
So what?
The original Professional Loser.
Newly released IRS documents revealed former President Donald Trump's sprawling empire was awash in a sea of red ink from 2015-2020. Over six years, Trump's primary holding company accumulated in excess of $313 million in reported losses.
Nothing burger. Losses are from depreciation on real estate assets. Normal for real estate companies. Reporters don't understand business and report nonsense
are you celebrating? or reporting?
The witch hunt is beyond limit me simple person I don’t want my taxes to be published
Trump lost money as President while I gained money. Not the “own” y’all think it is.
So...he lost money? I thought this was going to be the big scandal, everyone said this was the big scandal.
If you don’t like the rules tell congress to write new tax laws. They won’t and we all know why
So that's why he didn't pay taxes some years. Got it.
Meaning he didn’t get rich off who😂😂Democrats are pathetic
And yet he’s still a billionaire. What’s your point?
And? No crime there... Businesses lose money all the time... He was a master at losing money.
The walls are closing in lmao
So he's discernibly not corrupt like so many in Washington DC are. I'm ok with that.
Wow! Only politician to leave office poorer than when he entered. I knew Trump was solid when he donated his entire presidential salary! Man of the people.
EVERYONE running for any office should be REQUIRED to reveal the past 10 years of tax returns. Americans have the right to know who their politicians are beholding too! This needs to become LAW! And just for fun let’s throw in college transcripts