What does NYT's analysis of Trump's tax returns tell us? Trump barely pays any federal tax as most of his businesses are losing tens of millions, he's way over-leveraged, and he may have ran for president as a marketing gimmick that got out of control. nytimes.com/interactive/20…
Explanations that the losses are just accounting magic would indicate fraud and be at odds with both his widely known and awful record as a businessman, and the loud rumors floating around NYC's wealthiest residents that he's not a billionaire but "a clown who lives on credit."
His entire image as a terrific dealmaker who got a paltry million to start his empire is complete bullshit. He's was a living tax shelter for his daddy to the tune of $413 million, ruined everything he touched, and became such a brand by brazenly lying about himself to the media.
Now that he managed to lie and sleaze his way into what is probably the most important job on Earth, he was first terrified of having to actually do it, but then decided to lie, bluster, and bully his way through it, just like he's done with everything else in his life.
He refuses to divest from his holdings since $300 million in loans is due over the next four years and, if you trust his accountants, he doesn't have the cash to pay. His gambit is that by abusing the office for personal gain, he can avoid bankruptcy now that daddy can't help.
Even worse for Trump, one of his accounting tricks may have misfired and on top of those mortgage payments, he's also facing a potential $100+ million tax penalty he also can't pay from a stake in Atlantic City casinos he pretended to abandon and write off as worthless.
What a sad, feeble, pathetic joke of a man we have as a president folks. A liar who intends to pretend that he's an incredible success all the way to the grave, when in reality, he's nothing more than a fraud and fantasist who's become a blight on our nation.
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