Post Profile

Here's Theory #2 On How Donald Trump Got $916 Million in Tax-Free Income

Tax guru David Cay Johnston says he thinks he knows what Donald Trump's $916 million operating loss in 1995 was all about. The story starts when Trump's casino empire crashed in the early 90s, producing multiple business bankruptcies. And because Trump had personally guaranteed about a billion dollars in loans, it nearly produced a personal bankruptcy too. Here's Johnston's theory of what happened next: Trump threatened to tie his bankers in legal knots for years unless they forgave the loans that had been largely responsible for his operating losses in the first place.
read more


Related Posts

A Tale of Trump’s Taxes

US Politics / Liberal : The Mahablog

Today in Trump News, the NY Times somehow got its hands on a copy of part of Trump’s tax returns from 1995 that show some, um, losses. Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so s...

Trump 1995 Taxes Show $916 Million Loss

US Politics / Liberal : Drudge Retort Weblog

Donald Trump may have avoided paying federal income taxes for 18 years, according to tax records obtained by the New York Times and published on Saturday night. The documents indicated that Trump declared a $916 million loss in 1995...

Just how huuuge were Trump's business losses? Very, very huuuge.

US Politics / Liberal : Daily Kos

How bad were genius businessman Donald Trump's business losses in 1995? At $916 million, it's about this bad. As Alan Cole from the conservative Tax Foundation notes, total net operating losses claimed on all individual income tax r...

Here's Theory #3 On How Donald Trump Got $916 Million in Tax-Free Income

Politics / US Politics : Kevin Drum

The theories are piling up! Today, Josh Barro summarizes a theory from Lee Sheppard in Tax Notes about how Donald Trump managed to show a $916 million operating loss on his 1995 tax return. By my count, this is the third plausible t...

How Trump Lost $916 Million and Dodged Taxes

US Politics / Liberal : Drudge Retort Weblog

David Cay Johnston, The Daily Beast: The big New York Times scoop that Donald Trump used $916 million of tax losses to enjoy many income tax-free years raised a question the newspaper didn't try to answer: How did Trump do it?... Th...


Copyright © 2016 Regator, LLC