The Times got hold of 20 years of Trump tax returns and they show he is as shitty a businessman and as much of a conman as anybody suspected. Also, he’s a moocher who paid about $1,500 in income taxes in his first two years as President.
Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
Russ Buettner, Susanne Craig and Mike McIntire:
The picture that perhaps emerges most starkly from the mountain of figures and tax schedules prepared by Mr. Trump’s accountants is of a businessman-president in a tightening financial vise.
Most of Mr. Trump’s core enterprises — from his constellation of golf courses to his conservative-magnet hotel in Washington — report losing millions, if not tens of millions, of dollars year after year.
His revenue from “The Apprentice” and from licensing deals is drying up, and several years ago he sold nearly all the stocks that now might have helped him plug holes in his struggling properties.
The tax audit looms.
And within the next four years, more than $300 million in loans — obligations for which he is personally responsible — will come due.
Against that backdrop, the records go much further toward revealing the actual and potential conflicts of interest created by Mr. Trump’s refusal to divest himself of his business interests while in the White House. His properties have become bazaars for collecting money directly from lobbyists, foreign officials and others seeking face time, access or favor…
I’m still reading this.