NYT acquires 1995 Trump tax return; he deducted $916 million in business losses

[heatcharger]

Official Trump response:



LOL. They aren't even denying it.

[rafta_rafta]

Trump campaign never disputes the facts in these damaging stories, they just go on a facebook style rant to muddy the waters and hope to ride out the damaging news cycle

[Fmr President & Senator Polnut]

Lol ... just, lolz

[LLR]

When the October surprise comes on October 1

[heatcharger]

Wow. The returns that were anonymously sent to the New York Times had this address:

725 5th Avenue New York, NY 10022 A.K.A. Trump Tower

Now, it's true you can write any address on an envelope, but is it possible there's a "whistleblower" inside the Trump Campaign? Is it possible this person has more years of tax returns? Something's going here folks!

[Yank2133]

Wow. The returns that were anonymously sent to the New York Times had this address:

725 5th Avenue New York, NY 10022 A.K.A. Trump Tower

Now, it's true you can write any address on an envelope, but is it possible there's a "whistleblower" inside the Trump Campaign? Is it possible this person has more years of tax returns? Something's going here folks!

lol, if it is one of his ex-wives.

[ProudModerate2]

[Nyvin]

Disgusting.

[dspNY]

Wow. The returns that were anonymously sent to the New York Times had this address:

725 5th Avenue New York, NY 10022 A.K.A. Trump Tower

Now, it's true you can write any address on an envelope, but is it possible there's a "whistleblower" inside the Trump Campaign? Is it possible this person has more years of tax returns? Something's going here folks!

lol, if it is one of his ex-wives.

Sweet revenge if Marla did it (her name is also on the tax return since they filed jointly)

[rafta_rafta]

It's just one year, he could have claimed similar losses throughout the 90s when he was having a bad run.

Those cumulative losses would have helped Trump not pay taxes for the entire post 2000 period when his business recovered

[Southern Delegate matthew27]

Is cnn, fox or msnbc carrying it yet?

[dspNY]

#LastTimeTrumpPaidTaxes immediately trending

[Trapsy]

OMG HOLYsh**t

[Torie]

If the losses are real, it is legitimate to deduct the loss. End of story. The income tax is about taxing income.

[H.E. VOLODYMYR ZELENKSYY]

If the losses are real, it is legitimate to deduct the loss. End of story. The income tax is about taxing income.

I don't think the questions have ever really been about the legality of Trump's business maneuvers.

[cinyc]

How the f*** do you accrue $915 million in losses???

Simple.  Be in the real estate business during the late 80s/early 90s, when real estate values cratered.  Sell a building or two for a loss to raise cash to cover losses in your casino and airline businesses.  Presto - you have an operating loss in the casino and airline businesses, and a loss on the buildings to carry forward.

By the way, I don't think Trump incurred most of this loss in 1995.  The bulk of it was likely a net operating loss carryforward from prior years.

[dspNY]

If the losses are real, it is legitimate to deduct the loss. End of story. The income tax is about taxing income.

It shows you he's a terrible businessman. A $916 million business loss in that era is staggering. Remember that inflation occurred in the last 20-25 years

[Virginiá]

If the losses are real, it is legitimate to deduct the loss. End of story. The income tax is about taxing income.

If the narrative is that he likely has not paid any federal taxes since then (or little taxes), then that doesn't matter. It likely won't be seen that way. Are people really going to be like, "wow, Trump's terrible business decisions cost him almost a billion dollars, and he was rewarded by not having to pay taxes for almost a quarter of his life. Yup, he earned that! Nothing wrong with this!"

There is nothing "right" about Trump's life. He just takes and takes and takes whenever possible, even if it means taking the food out of small business owners mouths.

[Fusionmunster]

If the losses are real, it is legitimate to deduct the loss. End of story. The income tax is about taxing income.

The issue is, if Trump hasn't earned income over 915 million the following years, he hasn't had to pay income tax. And we don't know how many times hes done this.

[Absentee Voting Ghost of Ruin]

If the losses are real, it is legitimate to deduct the loss. End of story. The income tax is about taxing income.

Except that, to quote the TrumpMiller campaign, "Mr. Trump is a highly-skilled businessman".

He's held that up as his biggest qualification for President. (His campaign surprisingly doesn't count Trump's ego as an asset.) When it turns out that his 'great business skills" consist of losing a billion a year, he looks a lot more like the conman he is.

[dspNY]

How the f*** do you accrue $915 million in losses???

Simple.  Be in the real estate business during the late 80s/early 90s, when real estate values cratered.  Sell a building or two for a loss to raise cash to cover losses in your casino and airline businesses.  Presto - you have an operating loss in the casino and airline businesses, and a loss on the buildings to carry forward.

By the way, I don't think Trump incurred most of this loss in 1995.  The bulk of it was likely a net operating loss carryforward from prior years.

There were only about 200 billionaires in the world in that era, so to lose that sum of money, even over a decade, is astonishingly awful

[cinyc]

If the losses are real, it is legitimate to deduct the loss. End of story. The income tax is about taxing income.

It shows you he's a terrible businessman. A $916 million business loss in that era is staggering. Remember that inflation occurred in the last 20-25 years

Given what happened to the commercial real estate market in the late 80s and early 90s, a large loss for a real estate developer in that era isn't all that staggering.

[Fusionmunster]

If the losses are real, it is legitimate to deduct the loss. End of story. The income tax is about taxing income.

It shows you he's a terrible businessman. A $916 million business loss in that era is staggering. Remember that inflation occurred in the last 20-25 years

Given what happened to the commercial real estate market in the late 80s and early 90s, a large loss for a real estate developer in that era isn't all that staggering.

But this was 1995.

[dspNY]

If the losses are real, it is legitimate to deduct the loss. End of story. The income tax is about taxing income.

It shows you he's a terrible businessman. A $916 million business loss in that era is staggering. Remember that inflation occurred in the last 20-25 years

Given what happened to the commercial real estate market in the late 80s and early 90s, a large loss for a real estate developer in that era isn't all that staggering.

$916 million, much of it on casinos, which should be money spinners, is pretty much fraud

[Gass3268]

You must be logged in to read this quote.