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$915,729,293
Posted on: October 3, 2016 at 10:41:42 CT
Webbster MU
Posts:
5035
Member For:
23.99 yrs
Level:
User
M.O.B. Votes:
0
That’s the loss declared by Donald Trump on his income tax return from the year 1995.
He has a legal right to write off all that loss over 18yrs.
The "Genius" many say could have even taken that write off in a single year....LOL
But what we don't know is profit or loss for any other year via his tax returns.
It's quite likely he's had many other years with losses:
Bankruptcy 1: The Trump Taj Mahal, 1991
Bankruptcy 2: Trump Plaza Hotel, 1992
Bankruptcy 3: Trump Hotels and Casinos Resorts, 2004
Bankruptcy 4: Trump Entertainment Resorts, 2009
Which means he could have a whole lot of bad years to apply up to 18yrs of future returns.
Also means, real good reasons for NOT releasing his taxes.
He has a legal right to write off all that loss over 18yrs.
The "Genius" many say could have even taken that write off in a single year....LOL
But what we don't know is profit or loss for any other year via his tax returns.
It's quite likely he's had many other years with losses:
Bankruptcy 1: The Trump Taj Mahal, 1991
Bankruptcy 2: Trump Plaza Hotel, 1992
Bankruptcy 3: Trump Hotels and Casinos Resorts, 2004
Bankruptcy 4: Trump Entertainment Resorts, 2009
Which means he could have a whole lot of bad years to apply up to 18yrs of future returns.
Also means, real good reasons for NOT releasing his taxes.
Please explain why this message is being reported.
MESSAGE THREAD
$915,729,293 - Webbster MU - 10/3 10:41:42
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