General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDid Trump report phony losses to avoid taxes?
His family is known for this.
uponit7771
(90,378 posts)demtenjeep
(31,997 posts)as surely as a bear shits in the woods
Ellipsis
(9,124 posts)...while the cash sat in the Cayman Islands.
Hoyt
(54,770 posts)to find a lender.
ProudLib72
(17,984 posts)He was broke and saw being president as a way to grift his way out of the red. I don't think he wanted to hide his taxes because of the scams as much as the losses (yeah, there were scams as well) because that is what sold a lot of people on him in the first place.
Iliyah
(25,111 posts)Russia.
Golden Raisin
(4,619 posts)keithbvadu2
(37,061 posts)Putting money into Trump was the best investment Putin ever made.
Deb
(3,742 posts)TomSlick
(11,152 posts)(1) Trump couldn't lose that much on purpose.
(2) Remember Trump's sister had to retire from the federal bench to stop a judicial ethics investigation about the family taxes.
Wounded Bear
(58,797 posts)"Rhetorical questions for $200, Alex."
keithbvadu2
(37,061 posts)Eric Trump in 2014: 'We have all the funding we need out of Russia ...
https://www.google.com/search?client=firefox-b-1-d&q=erik+trump+money+from+russia
KentuckyWoman
(6,701 posts)Banks and taxpayers hold the bag of manure and he walks away with the milk. Set it up to fail to avoid paying the investors. Walk away with the investment and the insurance you bought to cover losses. Claim the max losses possible in a given year and carry the rest over to another year.
It is "mostly" legal.
Ethical, not so much.