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1. In the 1980's & 1990's Net Operating Losses (NOLs) were the life blood of Chapter 11 Bankruptcy cases. Developers also create large depreciation tax attributes. No shock a developer who filed six serial Chapter 11 cases is rolling in loss carry forwards. Meaning losing money.
2. And I have a theory it's why @RealDonaldTrump created "Executive Time." It's just a tax dodge. He has to "materially participate" to take losses on current returns. So he's booking @POTUS as a side job.
And on $50K interest report, that's $1B at 5%.. Or $2B at 2.5%.
And on $50K interest report, that's $1B at 5%.. Or $2B at 2.5%.
3. He's a Russian mob money launderer and he has to hold a lot of cash to make money at that. So Trump pooling Russian mob money to move into projects and then launder, he still had to report the interest. I'd want look at source of the funds. @maddow @Lawrence @MaddowBlog
