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 maxerickson on Monday September 28, 2020 @10:30AM (#24616961)

Is that a net position? I am not interested enough in the further details to try to figure it out for myself, but his net position is more important than the total debt.

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Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by softawre on Monday September 28, 2020 @10:33AM (#24616995)

Net 2.5b

https://www.forbes.com/sites/danalexander/2020/09/28/yes-don...

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Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by maxerickson on Monday September 28, 2020 @10:38AM (#24617074)

Thanks. So according to that analysis, Trump has plenty of debt, and also plenty of resources to manage it.

Hard to value his type of commercial real estate outside of an actual sale though.

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Re:Trump’s Taxes Show Chronic Losses and Years of Income Tax... by Balgair on Monday September 28, 2020 @11:28AM (#24617673)

He has had recent trouble selling his properties for the asking price. He put up Trump International (the DC hotel) on the market in Oct. 2019 for $500M. There were no buyers at that price before he took it off the market due to covid-19.

There is no indication that he has the resources to finance the debt. Nor is there indication that he does not have those resources. We simply do not know either way until a better picture of his finances comes out.

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

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