Featured Trump Campaign: New York Times Illegally Obtained Tax Records

Yeah, that's it. A $916 million business screw up and subsequent tax write-off by a supposed billionaire that is asking us to trust him with the world's number one economy is a "distraction."

I reiterate--the issue is not that he used tax laws to deduct the loss, the issue is that he lost almost a billion dollars in the early 90's, just when the economy was starting to heat up. He lost money on casinos. How does someone do that?

 

Now it looks like Marla Maples leaked the tax returns so there may not be anything illegal.

 

No. What is the title of this thread?

Oh, I see.....it's

Trump Campaign: New York Times Illegally Obtained Tax Records

 

Because there was a total collapse of the commercial real estate market prior to this, in the late 80's.

His losses were prior to the "heat up", and Trump was legally able to claim his loss for several years to come, at least up to 1995. Just as Jeff Bezos (Amazon) did in 2000, GM did for several years after their bailout. And of course the Clintons legally did the same with their own personal taxes in 2015:

 

Three things wrong with your assertions.

Trump's losses are related to his casinos, his airline, and his purchase of the Plaza Hotel. They don't have much to do with commercial real estate. (I use the term "commercial real estate" to refer to office buildings, warehouses, and industrial parks that Trump might have owned and was renting out.)

Trump did not claim $916 billion of losses prior to 1995 and then claim this loss for several years to come. Trump claimed a $916 billion loss IN 1995 and then was able to use that loss to offset any gains for years to come, probably at least 20 years to come, as the NYT speculates.

Clinton's claim of a $699,000 loss on capital gains is a one time write off. It does not carryover to future years. This is their personal taxes not a corporate tax return with retained earnings/losses. Corporate losses (or gains) are claimed annually and they increase or decrease with losses or gains in subsequent years. This is how the NOL (Net Operating Losses) work.

 

Why would we be talking about Bill's anything? He ain't running. Poor Alex just needs validation for another conspiracy. Focus on proving we didn't go to the moon or how Tupac, Biggie and Elvis are all sunning it on some Caribbean Island.

 

Hotels and casinos are not real estate? Come now. His loss was in 1990.

 

They are not "commercial" real estate, by the strict definition of the word. Commercial real estate is the term you used linking it to the losses of the late 80's. And how do you screw up and lose money with a casino?

If his losses were in the late 80's and in 1990, why did he wait until 1995 to declare them as losses?

 

owing casino's is a problem. the business loss is not

 

owning casino's is a problem. the business loss is not

 

Alex you get crazier and crazier everyday. Who on this board is supporting Hillary Clinton? You'd be lucky to find one out two. You're just mad that you can't convince us to support the crazy man by badmouthing someone we already don't support.

There, there. It's gonna be okay. You'll see when the world doesn't fall apart because of President Hillary Clinton.

You deserve her.



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Are you saying that Christians should have a problem with gambling? By the support for him, I don't think the gambling is an issue for Christians. The only thing that seems to matter to a lot of Christians anymore is this idolatrous issue of abortion.

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They are both problems. We keep hearing about what a great businessman he is and he loses a billion dollars, mostly from casinos? Who would want someone that lost money at a surefire business to run our economy?

 

Casino's are never sure fire. The casino's he lost on were in Jersey. That area had been losing more than just casino's due to something being built somewhere I forget. I don't see it, and neither to millions of Americans see it as an issue. I'm still not voting for him.

 

By his own admission, Trump was broke in 1990. Now Forbes estimates his current wealth as $3.7 Billion. Pretty darn good.

 

Buffet did not lose $1 billion, his stock holdings in one company, Coca Cola, decreased 6.4% on paper in the first quarter of 2014.

So the value of his Coca Cola stock which was worth $16.5 billion at the beginning of the year was worth $15.4 billion at the end of the quarter.

Buffet paid $1.3 billion for his stake in Coke years ago. He'd have to lose over $15 billion on Coke stock and then sell it before he would lose money on it.



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