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CloudWatcher

(2,127 posts)

14. Profit? Losses?

Reply to demmiblue (Original post)

Fri Oct 8, 2021, 02:03 PM

Oct 2021

I would treat any statements of losses with the same skepticism of statements of profits. He'll never tell the truth if he can avoid it. You don't pay taxes on losses, so there's motivation to lie, especially if it's a "confidential" statement that won't hurt his brand.

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Trump hid over $70 million in losses on his D.C. hotel, House committee report alleges [View all] demmiblue Oct 2021 OP

American's worst businessman Deminpenn Oct 2021 #1

Trump reported $150 million in income but the hotel incurred more than $70 million in losses Botany Oct 2021 #2

Aren't all the kids still getting hefty payments in millions Deminpenn Oct 2021 #4

I don't know but I think most of Trump's money has come from money laundering, grifts, and "loans" Botany Oct 2021 #5

Which could mean. . . NQAS Oct 2021 #16

He robs Peter to pay Paul. SergeStorms Oct 2021 #18

Sometimes, TFG robs Peter and then robs Paul NCjack Oct 2021 #30

Or lots of the "operating capital" for that Hotel came in "off the books." Botany Oct 2021 #24

Make him pay taxes on $80M. keithbvadu2 Oct 2021 #36

Are these real losses or paper losses created by special real estate rules? Lonestarblue Oct 2021 #3

That's the question OrangeJoe Oct 2021 #8

I'm betting "paper losses" to avoid paying taxes KS Toronado Oct 2021 #12

I think real losses because... reACTIONary Oct 2021 #32

Paper losses and probably a load of bullshit "bills" from contractors and vendors Bengus81 Oct 2021 #33

He sure knows how to make money disappear... stillcool Oct 2021 #6

Yo, Donald. Albuquerque car washes. Mawspam2 Oct 2021 #7

Have an A-1 day! ZonkerHarris Oct 2021 #9

Effing Lydia Aviation Pro Oct 2021 #25

Nail salons Aviation Pro Oct 2021 #23

Bet he 'found' it in his pocket Marthe48 Oct 2021 #10

See, he cares more about his image than anything. Thats why i dont want him jailed. oldsoftie Oct 2021 #11

It would seem to me that jail time would accelerate the collapse of his phony empire. olegramps Oct 2021 #19

He'd just blame Democrats.... SergeStorms Oct 2021 #20

but he has SO MANY supporters, why didnt THEY support his businesses? oldsoftie Oct 2021 #38

And doesn't a president need to reveal significant sources of income, etc.? I seem to recall usual SWBTATTReg Oct 2021 #13

Profit? Losses? CloudWatcher Oct 2021 #14

This message was self-deleted by its author ExTex Oct 2021 #15

"The Art of the Steal", by Asshole45. SergeStorms Oct 2021 #17

Republican liars are toxic Champp Oct 2021 #21

I'D like to see the gao cancel his lease & screw him on selling the lease ! monkeyman1 Oct 2021 #22

I think... Mike Nelson Oct 2021 #26

But Greyhead Oct 2021 #27

They will be once he uses them wnylib Oct 2021 #28

An interest-only loan should be considered "nonperforming" by Ilsa Oct 2021 #29

On Nicole Wallace suggesting it involved money laundering. LiberalFighter Oct 2021 #31

Fraud Johnny2X2X Oct 2021 #34

On CNN I heard that if he had diversified his properties BigmanPigman Oct 2021 #35

Fuck him and his shithole Blue Owl Oct 2021 #37

"reported publicly only the hotel's revenues, which added up to nearly $156.6 million" Hugh_Lebowski Oct 2021 #39