Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by mandevil on Sunday September 27, 2020 @08:07PM (#24611398)

The article says "What the tax records for Mr. Trump’s businesses show, however, is that he has lost chunks of his fortune even before depreciation is figured in. The three European golf courses, the Washington hotel, Doral and Trump Corporation reported losing a total of $150.3 million from 2010 through 2018, without including depreciation as an expense."

So this is negative cashflow, not counting depreciation.

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Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by ryanworl on Sunday September 27, 2020 @08:15PM (#24611472)

Thanks! I was reading a different article before that was more of a visualization that didn’t have these details.

Unless those had some type of synergy that made his other properties and brand more valuable overall, those sound like poor investments.

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Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by pwinnski on Monday September 28, 2020 @09:39AM (#24616471)

Reading the detailed breakdown, the only things he's done or invested in that have not lost money are two early properties he was forced out of but left a small stake in, and his reality TV appearances. Everything else has lost money.

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Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by Balgair on Monday September 28, 2020 @11:26AM (#24617641)

To add to this: Trump International Hotel (the one in DC) was put on the market in Oct. 2019 for $500M. There were no buyers before the sale offering was canceled due to coivd-19.

You don't put a marquee property on the market if it is making money. Especially the one in DC. Especially while you are the current US president.

https://www.wsj.com/articles/trump-organization-exploring-sa...

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