“Economic genius” revealed as tax scammer who lost $916 million in a boom market

>losing nearly $1000000000 (One billion) dollars
>in a booming market

I'm starting to doubt this guy's compitence. He seems like he's just another boomer who got lucky, being born at the right time and place.

>loses 916 million
>doesn't have to pay this much in taxes for next 18 years as by tax codes

Yeah, he sure is dumb lol

>the 90s
>booming market

Fucking retard

Trump is famous for being rich and famous. He's the old man equivalent of Paris Hilton.

Trump worked for what he has and employs over 35,000 people

This is a pretty childlike analysis of why Atlantic City got rekt

>a professional gambler has a loss

so what's the big deal?

>Trump worked for what he has

>muh small loan of 1 million dollars

>If you think Trump is a genius for gaming the system so that he never has to pay federal income tax, that’s your prerogative. But please don’t ever say another word about “makers and takers” or the 47 percent again. We taxpayers have been carrying Donald Trump for 30 years while he was living in his golden palace. He’s the biggest welfare queen in the world.

When will Cred Forums make peace with this fact?

You aren't influencing the people on this board by posting here. You're talking to other liberal journalists who occasionally stroll by and want to fist-pump about something.

No one here are you persuading or mind-changing

lost a billion.

kept going and made it back.

they're falling for it hehe.

a million dollars is chump change, faggot

OK CTR go sacrifice your integrity somewhere else. I'm sure you'll look back on this and despise yourself.

>> still has $4 billion

You lose

Why do people keep pretending this is a scam? It's part of your tax law. This is just another showing of government incompetence.

Why haven't they dealt with this "loophole" for 20 fucking years? Why didn't a single president ever make an attempt? The establishment was just turning a blind eye on purpose because their own rich buddies were using the same loophole. The only reason it's being mentioned now is because they can use it to attack Trump. Funny thing is, Clinton used the exact same fucking tax strategy.

The Clinton Foundation is a massive tax shelter

>Economic genius
>didn't invest in Bitcoins

Nice proxy

>compitence

I've already doubted your competence at correcting the record.

>Romanian talking about scamming and tax evasion

LMFAO

>tax scammer
>same tax method used by shillary
>signed in by her rapist husband
lmao liberals are retarding themselves inside out.

Holy fuck so many shills circle jerking this thread. Enjoy your $0.02 CTR!

Bill Clinton created this 'loophole' that's the irony

youtube.com/watch?v=aMiRZ3L_hMU

don't forget to sage obvious bait threads.

low testerone poster detected

>Salon

I'm totally going to believe the source that called pedophilia normal.

>normies turn into Political Science majors a few months every 4 years
>now they're well versed tax lawyers

I want fair-weather faggots to leave.

I doubt mcdonalds workers pay any tax.

>booming market
That's WHY he lost money. Because he had an increase of competition investing in better technologies that required him to pour more money in prior investments to retain any chance of not having complete losses.

He broke no laws, he still was able to hold onto future ability to pull profits from prior investments and when the boom was ending he was coming out on top.

Honestly he probably gave the NYT his own tax records to release, because now he may not need to release his full records, he's shown that if he didn't pay taxes he legally wasn't made to, it shows losses meaning the rich as fuck and not having any struggles businessman theory is blown out by the lefts own reporting over it, Trump can show humility in not paying taxes and how its wrong without showing himself to be in the bad because the loss makes it out as reasonable, he pushes all attacks and conspiracy theories out of being effective and pulls out the best of his talking points.

It was sent from Trump Tower.
He's the only one who could've had them.
It was a cherry picked time period where other time periods could be far worse.
It was responded with by the campaign very directly and with intent as if it was planned.

99 D Chess again.

>Economic genius revealed as economic genius
pic related

Who cares gypsy?

Trump dodging paying taxes only tells me he knows more about economic investments than the average dumb shabos goyim.

He probably thought to himself,

fuuuuuuuuk

why should I invest my hard earned money into the federal military industrial complex?

fuck this bullshit, I've got better things to invest in than some failed Jew World Order scheme.

Trump is a respectable man, from that angle.

Trump has a fiduciary responsibility to his business, family and employees. It is ILLEGAL and IMMORAL for Trump to pay more tax than legally required.

>Trump dodging paying taxes only tells me he knows more about economic investments than the average dumb shabos goyim.
lol, I love a good tactical use of the phrase shabos goyim

>loan of 50k dollars
>useless degree and 80k debt

nice one

>MSM can't decide if Trump being rich is a good or a bad thing

As an independent this election is hilarious.

youtube.com/watch?v=Qt6O1GzAeK0

>real estate in the early 90s
>boom market

confirmed for retard

Its not even a fucking loophole. It makes sense to prevent entrepeneurs from going bankrupt and help them back on their feet. Smart and sensible lesgislation by Bill Clinton.

Whats the big deal?

...

I'm actually more impressed that he had a billion to lose in the first place.

youtube.com/watch?v=7QQwMQs6a2Y

>tfw poorfags don't understand how businessmen go around loopholes to report as much tax deductible loss as possible

>tfw this is as usual as it gets

I hope people at least use this opportunity to educate themselves about this shit

youtube.com/watch?v=NAQrmB-bWZc

>lost $916 million
>still able to become billionaire
how will shillary recover from this?

Why didn't Trump do something about it? He's about to win the presidency, you don't think he could have won a congressional seat somewhere in New York state?

That's the thing everyone forgets. Nothing was preventing people like Trump for running for office. He just didn't give a shit about governing, and I doubt he's suddenly decided to start caring enough to do it 24/7.

So if he managed to dodge all these federal taxes, how much tax did he 'scam' at the state level?

Plus has anyone revealed what exactly he did that year to amass such a loss?

>salon

youtube.com/watch?v=pRa9nIZ21Jc

Maybe he had other things to do, how about that?

Like losing a billion dollars?

>Gabe
>an argument

But now he's 100% ready to devote every minute of the next 4 years of his life to it?

It is harder to make a profit in a boom market, my dude. In construction anyway.

Sorry that you've never worked a day in your life, or submitted a bid on a project, numale faggot.

...

I don't care. I'm a member of the growing faction that are voting soley for the supreme court appointees. There is no option but trump for those that value a conservative supreme court. There is no argument that will ever sway me, and there are many more that feel exactly the same way I do. I don't give a fuck what you don't like about trump, it is a non issue to me.

He took advantage of loopholes, most of the losses weren't even his, banks were responsible for most of the debts of the buildings that failed, but due to the way things work for businesses, both the banks and Trump got to write off the full amount of losses while still getting to sell the property and land.

>Tax deduction on past losses
>Loophole

I think no one claiming otherwise is really into accounting. This system is the same as Italy's, despite the fact you can only deduct a percentage of losses if you can recover very well.

youtube.com/watch?v=oFRSLqpq9xk

Its also 11 millions less than his original loan and doesn't count the tens of millions he got caught accepting from his dad in illegal casino chip loans.

...

A million souls is just chump change.

youtube.com/watch?v=iY4Ci0wg258

>murican_bear
CTR fucking confirmed, its over boys

youtube.com/watch?v=VQS4uUtm2kw

You gypsies are worse posters than Ontario "fuckng leafs"

I have never ever seen one intelligent thing from a Romanian poster and in fact I'm willing to bet you're all proxies anyway

HAHAHAHA
that was actually very funny.

youtube.com/watch?v=-w-58hQ9dLk

holy shit, checkem!

the pepe is with this one

I shall now leave in silence

This. He could have even lost the money on purpose just so he could get untaxed income, in which case he comes out with more money.

Fucking retard dems can't see past their noses.

I thought Atlantic city lost its ass during that time?

What kind of business can you start for 50K?