Wednesday, May 8, 2019

Trump's Tax Information Confirms He's A Fraud And A Loser


The New York Times got a hold of con artist and world- class moron Donald "Rump" Trump's tax information from 1985- 1994 and they show (spoiler alert!) Trump's as bad at business as he is at everything else:
By the time his master-of-the-universe memoir “Trump: The Art of the Deal” hit bookstores in 1987, Donald J. Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns.
Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition. [snip]
In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.
Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years. It is not known whether the I.R.S. later required changes after audits. (our emphasis)
The Times piece is a deep dive into the leaked tax information and his mounting failures in business and pathological need to present himself as a "winner" when he was anything but. If it hasn't been utterly obvious before, the Times piece makes it crystal clear that this is a main reason why he's been so desperate to hide his tax returns -- his business career has been that of a bumbling megamoney- losing machine. Another would be "questionable" =cough= tax fraud =cough= reporting of interest income.  Another would be the financing of his shambolic "empire" by Russian oligarchs and organized crime.  Seeing his more recent tax returns would provide a trove of information on his continuing failures, felonious conduct and reasons why he wants to stay so close to Putin.  They would reveal someone whose career in business and politics was based on the most shoddy, shabby, shady foundation imaginable.  Stay tuned.

Head over there and take time to read the whole sordid piece.

Before you do, here's one of the choice passages:
As with many things Trump, his adventures in the stock market were more image than substance, helped greatly by news reports quoting anonymous sources said to have knowledge of Mr. Trump’s actions. An occasional quote from an associate — including his stockbroker, Alan C. Greenberg — helped burnish the myth.


“He has an appetite like a Rocky Mountain vulture,” Mr. Greenberg, the legendary chairman of Bear Stearns, told The Wall Street Journal in 1987. “He’d like to own the world.”


In his actions, Mr. Trump was more like a peacock.  (our emphasis)
Ouch! 

BONUS: As Susanne Craig, the Pulitzer Prize winning co-author of the piece notes, it was always about a spoiled brat spending and losing his daddy's (and others') millions:

BONUS II:  


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