Trump defends tax tactics after NYT says he racked up more than $1 billion in losses: 'It was sport'

[Demovictory9]

Trump defends tax tactics after NYT probe says he racked up more than $1 billion in losses: ‘It was sport’


https://www.cnbc.com/2019/05/08/trump-defends-tax-tactics-after-nyt-story-says-he-racked-up-more-than-1-billion-in-losses-it-was-sport.html


President Trump fires back at The New York Times over the newspaper’s investigative report that said his tax figures from 1985 through 1994 showed staggering business losses of more than $1 billion.

“You always wanted to show losses for tax purposes....almost all real estate developers did – and often re-negotiate with banks, it was sport,” Trump says in early morning tweets.

The Times also said Trump apparently lost more money than any other individual taxpayer in the U.S., based on its analysis of data the IRS has compiled on people earning large incomes.


President Donald Trump on Wednesday fired back at The New York Times over the newspaper’s investigative report that said his tax figures from 1985 through 1994 showed staggering business losses of more than $1 billion.

“You always wanted to show losses for tax purposes....almost all real estate developers did – and often re-negotiate with banks, it was sport,” Trump said in a pair of early morning tweets. “Additionally, the very old information put out is a highly inaccurate Fake News hit job!”

[tanyev]

1. Is that what they're calling tax fraud nowadays? OK, sport.

[C_U_L8R]

2. He said the same thing about caging children.

Essentially...gaming a deterrent. A horrific cruel deterrent.

[cilla4progress]

3. It's all a big game to him

Because there are never consequences.

Not news.

Lifestyles of the Rich and Famous

[NewJeffCT]

4. sounds like he is admitting to tax fraud

to me.

Leticia James, are you listening?

[democrank]

5. Trump does things for "sport" like

mocking a disabled reporter, caging children, joking about the nickname “Pocahontas” to Native American Code Talkers. It’s a very long list.

[sanatanadharma]

6. Invoke the law requiring the income taxes of the top dog rep of the ruining class

Seems a House tax committee has valid reasons to investigate tax laws to see if the tax-payer is being ripped off.
Clearly, there is necessity to invoke the law requiring the income taxes of Trump (top dog rep of the ruining class) to be made available to committee.

Trump said so, as he is exposing the rot of the rich, and reveling in revealing the dirty secrets of super-class socialism.
Some sarcasm!

[world wide wally]

7. Finally a sport that Trump is good at: Cheating

[JHB]

8. The one sport he can win without cheating: Cheating

[dubyadiprecession]

9. "Additionally, the very old information?

That was put out, is a highly inaccurate fake news hit job”. ??

[wishstar]

10. I'll bet someone close to him is profiting in market when his tariff tweets tank market

Both last year when out of the blue he started the tariffs and then just this past week there certainly were some people in his inner circle of confidants and economic advisors who knew he was unleashing the tariff threats that would cause a substantial stock market drop and could sell short or whatever traders do to cash in.

This latest article reveals again how he tried to manipulate market by leaking his intent to buy certain businesses and succeeded in making a few million until investors caught on to his scheme. I do not understand how he has gotten away with all his crooked schemes his whole life.