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Trump lost $1.17 Billion between 1985 and 1994

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posted on May, 7 2019 @ 10:37 PM
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The failing New York Times has obtained nearly a decades worth of tax returns for President Donald J. Trump from 1985 to 1994:


By the time his master-of-the-universe memoir “Trump: The Art of the Deal” hit bookstores in 1987, Donald J. Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns.

...

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.


Decade in the Red: Trump Tax Figures
Show Over $1 Billion in Business Losses


President Trump appears to have been a fraud during this period. Riding, almost entirely, on loans from his father and Deutsche Bank. Even his father appeared to do well, with one exception:


While Donald Trump reported hundreds of millions of dollars in losses for 1990 and 1991, Fred Trump’s returns showed a positive income of $53.9 million, with only one major loss: $15 million invested in his son’s latest apartment project.


How can anyone fail upward so much?




posted on May, 7 2019 @ 10:58 PM
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Oh boy, this should be good!


I guess you have to look at other business people in the same position to see if this is beyond the norm.



posted on May, 7 2019 @ 11:00 PM
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No problem.
It's a write off that keeps on giving. Year, after year, after year.


edit on 5/7/2019 by Phage because: (no reason given)



posted on May, 7 2019 @ 11:03 PM
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I doubt if he even noticed it.


+3 more 
posted on May, 7 2019 @ 11:17 PM
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Devastation !!!

Democrats will take this all the way to the bottom and still have the hooks in their mouths 😎


edit on May-08-2019 by xuenchen because: banana democrats🍌


+9 more 
posted on May, 7 2019 @ 11:20 PM
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1.17b in 10 years. $117m per year.

Looks like he out performed the US Govt during that stretch.


+27 more 
posted on May, 7 2019 @ 11:24 PM
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And Michael Jordan missed over 70% of his shots at the hoop.

So what? Does that mean he failed as a basketball player?
The Beatles had HUNDREDS of songs that never made the charts. What a failure they were.

President Trump is a very successful businessman. He’s also a very successful President.

But it’s always good to hear another “ REEEEEEEEE” from a lefty



posted on May, 7 2019 @ 11:25 PM
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Nobody remembers the early 90's recession?
en.wikipedia.org...

I was just a little fella then and I remember it.



posted on May, 7 2019 @ 11:25 PM
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a reply to: Breakthestreak




The Beatles had HUNDREDS of songs that never made the charts.

But they were all great.

Except this one.



+8 more 
posted on May, 7 2019 @ 11:27 PM
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What a comeback story for LIFE MOTIVATION book writers to use. Lose a billion, yet still believe in yourself, and be elected President of the United States of America.

No wonder President Trump and Tiger Woods get along so well. They both know how to WIN BIGLY, in-spite of obstacles that would crush most people.



posted on May, 7 2019 @ 11:28 PM
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a reply to: dubiousatworst

But Trump lost money in the mid 80's.
edit on 5/7/2019 by Phage because: (no reason given)


+4 more 
posted on May, 7 2019 @ 11:31 PM
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a reply to: carewemust




What a comeback story for LIFE MOTIVATION book writers to use.

Yeah. Lie to get financing. Because your actual financial statements suck.

Perfect.

edit on 5/7/2019 by Phage because: (no reason given)



posted on May, 7 2019 @ 11:33 PM
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a reply to: Phage
There was an over abundance of housing and the real-estate market was depressed from 1985-1995 due to overbuilding in the earlier 80s causing a big problem for the construction industry as well. When your business is predicated on real-estate it is going to hit harder.

en.wikipedia.org...
is also related.
edit on 7-5-2019 by dubiousatworst because: edit



posted on May, 7 2019 @ 11:35 PM
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a reply to: Phage

A tax return showing losses isn’t the same as losing money.

If porn stars, Obama DOJ, Hillary thugs, special counsels, and pussy grabbing isn’t slowing Trump down; tax returns don’t even move the needle.



posted on May, 7 2019 @ 11:41 PM
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a reply to: dubiousatworst

Trump didn't lose money because of the real estate market.
Article in the OP:

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.



edit on 5/7/2019 by Phage because: (no reason given)



posted on May, 7 2019 @ 11:41 PM
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An interesting read
fortune.com...



posted on May, 7 2019 @ 11:41 PM
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a reply to: PilSungMtnMan




A tax return showing losses isn’t the same as losing money.

True. Wealth is not money.

But you can write it off.

edit on 5/7/2019 by Phage because: (no reason given)


+10 more 
posted on May, 7 2019 @ 11:51 PM
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WHAT DIFFERENCE DOES IT MAKE?????


Seriously. The guy has turned the country around. Stopped globalism in it's tracks and you df's are complaining like he did a bad thing.

The better question who be who the # leaked this or, is it even fact????



posted on May, 7 2019 @ 11:53 PM
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a reply to: Phage
Those are all related to real-estate. The Casinos specifically were hit the hardest due to this, as the rates of return were far lower than expected. On top of that the real-estate he purchased for those casinos is a main factor in their eventual bankruptcy. Again the housing market was over saturated, meaning apartments are less attractive, and all of NYC was having the same problem.

njrereport.com...

this is a collection of articles showing the timeline clearly. Yes DJT is mentioned in some of them.



posted on May, 7 2019 @ 11:56 PM
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a reply to: matafuchs




The guy has turned the country around.

The country was turning itself around.




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