Trump's "Billion Dollar" loss is not illegal...and it is being used by companies all across the US

[cbdo2007]

It's all a shell game.

People here are assuming it's illegal - NOPE.

People here are assuming it is fraud - NOPE.

People here are assuming it is unethical - PROBABLY (the intentions of these laws are good)

Hopefully this will shine a light on this and get our House members to vote to make things like this illegal.

This is even happening locally where I am from in the KC metro area - that is why there is a new apartment building and strip mall still opening up every 3 months, yet we have apartments and strip malls empty all over the place. Gains go in your pocket, losses are hidden and passed around and used for tax advantage by some other shell company, and the builder just lines their pockets the whole time.

[mobeau69]

1. The loss is funny but the question is

where did he get that much money to lose.

[Thekaspervote]

2. Yes indeed. He didn't have enough assets to generate 52.3 mil in revenue

[Mariana]

10. Borrowed it?

Didn't he file for bankruptcy several times?

[The_Counsel]

3. No, Business Losses Aren't Illegal...But FRAUD Is...

My money is on "fraud." Who loses a BILLION dollars and hasn't once considered taking a header off the nearest skyscraper?

Something definitely ain't right here...

[stillcool]

4. I'm sure his tax returns..

have seen the light of day many times, and his family pays big money to make sure they're using all tax laws to their advantage. The issue of losing a billion dollars however many years ago could not have been an easy feat. I'd love to know who he's been in bed with through the years. Wouldn't you?

[wasupaloopa]

5. The problem with trump is that he cannot borrow in the US so he goes to Russia and

sells us up the river to keep from getting found on the street with a lethal dose of atomic radiation.

[asiliveandbreathe]

6. All of the deductions, and the new tax cuts hurt every state, federal tax revenue stream...

While you and I pay more...what's not to like??? Sarcasm thingy...

[Aristus]

7. I didn't think his billion-dollar loss was illegal.

I just thought it was proof-positive that he is an abysmally incompetent businessman.

[lunatica]

8. Your post is a misdirection on the topic

No one is commenting on the illegality. Most are commenting on his failures which he keeps saying are wins. On his lies and deluded rhetoric. On his con game.

[StarfishSaver]

9. It's illegal if he reported one set of numbers on his taxes and a different version on loan docs

[Initech]

11. They starve the government and use their ill gotten gains...

To convince the populace that the real enemy is socialism and get the people to vote against their best interests. Ain't the system great?