BOMBSHELL: TRUMP- America’s would be Savior payed no taxes… because of his mismanagement of his casinos! …according to the NY TIMES coup de grâce leak

BOMBSHELL: TRUMP- America’s would be Savior payed no taxes… because of his mismanagement of his casinos! …according to the NY TIMES coup de grâce leak October 2, 2016

Image result for photographs of Trump casinos closed

(photo YouTube)

 

Here is how Trump responded to the devastating new bombshell of leaked tax documents released today by the New York Times exclusive story on his tax returns:  “Mr. Trump knows the tax code far better than anyone who has ever run for President and he is the only one that knows how to fix it.”

As the Times noted in a front page story: “The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.”

Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it would have allowed him to “legally” avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.

Ordinary investors in the new company, meanwhile, saw the value of their shares plunge to 17 cents from $35.50, while scores of contractors went unpaid for work on Mr. Trump’s casinos and casino bondholders received pennies on the dollar.

“He has a vast benefit from his destruction” in the early 1990s, said one of the experts, Joel Rosenfeld, an assistant professor at New York University’s Schack Institute of Real Estate. Mr. Rosenfeld offered this description of what he would advise a client who came to him with a tax return like Mr. Trump’s: “Do you realize you can create $916 million in income without paying a nickel in taxes?”

Trump’s own gross incompetence as a businessman, his ability to dupe investors and the public alike turned out to be a big earner for him using the tax code to benefit from personally… while everyone else working with him lost out… a forewarning to America about what will happen to the nation under Trump’s rule.

Do you really believe that Trump knows America and the world “far better than anyone who has ever run for President and he is the only one that knows how to fix it” ?

““““““““““““““““““““““““““““““““““““““““““““

P.S. If you want to know a little more about where I’m coming from and my perspective on politics, religion and the intersection of faith and life– here’s a new movie about me. (It’s below the poster on YouTube) scroll down and watch it for free…

WATCH “Let me be FRANK” HERE:

Follow Frank on Twitter www.twitter.com/frankschaeffer

See Frank’s paintings http://www.frankschaefferart.com/

Follow Frank on Facebook https://www.facebook.com/frank.schaeffer.16 Contact Frank at http://www.frankschaeffer.com

Frank Schaeffer is a writer. His latest book —WHY I AM AN ATHEIST WHO BELIEVES IN GOD: How to give love, create beauty and find peace

Available now on Amazon

Picture

 

"ALL Christians voted for President Trump. On NOV 8 2016 the choice was do you ..."

The Case For Impeachment Grows
"The freakin Rev Jim Wallace of Sojourners Mag would fit in here nicely as well. ..."

For Years Some Have Described White ..."
"True hatred is to support the murder of Gods unborn children, indoctrinate them into homosexzual ..."

For Years Some Have Described White ..."
"The author might just as well eat drink and be merry because he is NOT ..."

For Years Some Have Described White ..."

Browse Our Archives

Follow Us!


TRENDING AT PATHEOS News and Politics
What Are Your Thoughts?leave a comment