President Donald Trump lost nearly $1 billion, or “more money than nearly any other individual American taxpayer,” between 1985 and 1994, according to a new report by The New York Times. The president responded Wednesday by claiming that those significant losses were just a way to get out paying the federal government owed money for “sport.”
“You would get it by building, or even buying. You always wanted to show losses for tax purposes....almost all real estate developers did - and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!” In a statement to the Times, a White House official said, “The president got massive depreciation and tax shelter because of large-scale construction and subsidized developments." They added,"That is why the president has always scoffed at the tax system and said you need to change the tax laws. You can make a large income and not have to pay a large amount of taxes.”
Trump's tone on his own tax avoidance compared sharply with the scorn he has expressed for those he claimed were cheating the welfare system. Through the United States Department of Agriculture, Trump proposed a new rule earlier this year that would cut “able-bodied adults without dependents” between the ages of ages 18 to 49 off of food stamps after three months unless they found work or registered in an education or training program.
Source: Entertainment Trends (entertainmenttrends.net)
He doesn’t just admonish the poor, he’s actually trying to take away their food stamps and healthcare. Trump couldn’t care less about anyone but himself. Narcissist in Chief.
DebraMessing So, he admitted he’s a tax cheat, then.
It’s like polo; it’s only sport for the guy on top. The horse does all the work.
Whoever wrote your tweet must have majored in sociology.
+ +
Cult hero.
Collusion obstruction BillionDollarLoser
DebraMessing realDonaldTrump disgusting and disgraceful and shameful and disgusting
DebraMessing SpeakerPelosi RepAdamSchiff SenWarren
DebraMessing He’s a moron and a crook. The only reason he has $ is because of his father and if he was the brilliant business man he likes to portray himself as, he would not have lost over a billion$....
DebraMessing ThrowAwayTheKey
Isn’t his statement an admission to decades of crime, tax evasion? I have yet to see or hear anyone say anything about it
Isn’t that also called tax evasion? Isn’t it a crime topost deceptive figures in your returns? Hopefully the immunity granted the CFO may remedy all this
realDonaldTrump = HypocriteInChief = LiarInChief
Impeach then prison
Teeny weeny man. Ripping off society, taking all that it offers and not contributing.
So his taxes are fraudulent?
Sounds about right. TrumpIsAFraud
If anyone with a functioning brain cell believes he 'gamed the tax system for sport', is probably even more stupid than Chump for losing his Billion over a decade. The guy is a born loser living in an invisible mind-palace of his own making and made the gullible world see it too
A national embarrassment
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