Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You do know that Trump owns properties all over the world, don't you? If he were in debt where he figured he couldn't climb out of it then all he'd have to do is sell some property, right? How much do you figure a high-end golf course or a NYC skyscraper would go for?
He could sell some properties, but unless he can find a buyer at his price, he may have some genuine losses to claim. Add to that the fact that probably none of those properties is owned outright without a mortgage of some type on them. He Will owe the IRS $100 million in penalties. He has loan payments of $300 million more coming up shortly. He has a balloon payment of $100 million on Trump Tower due in 2022. His properties are not operating in the black. Trump is apparently way overleveraged and has a severe liquidity problem. He may be flat broke during 2022, if what I am reading about his finances is correct.
The NY Times is dirt! Who cares about the Presidents taxes since it’s the politicians who are responsible for our tax laws!
The point is not that Trump used previous loses to wipe out current tax liability, yes that is how the tax laws work. The point is has not had to pay taxes in 10 of the last 15 years because his loses are greater than his gains. That is not a billionaire.
Quote:
Originally Posted by Rickcin
We should care more about the presidents decisions regarding the people of the United States rather than his personal finances.
Ok, lets. Trump to Woodward: 5 times more contageus than the flu, really scary. Trump to America: Its nothing it be gone in a flash.
He could sell some properties, but unless he can find a buyer at his price, he may have some genuine losses to claim. Add to that the fact that probably none of those properties is owned outright without a mortgage of some type on them. He Will owe the IRS $100 million in penalties. He has loan payments of $300 million more coming up shortly. He has a balloon payment of $100 million on Trump Tower due in 2022. His properties are not operating in the black. Trump is apparently way overleveraged and has a severe liquidity problem. He may be flat broke during 2022, if what I am reading about his finances is correct.
A lot of these so called properties and buildings are licensed with his name on them. He does own them he only gets a fee for them using his name.
Of course he is going to cry fake news, no surprise there. And his supporters say everything he say, it's clock work, he cry fake news, they cry fake news. But, even in this clip, Trump sound a little caught off guard, and the only thing he could think of was fake news. That wasn't a very strong reply by him, and he didn't sound believable at all.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
