Trump Is Not A Billionaire

[mia]

Link to tweet

[Pachamama]

1. Never was - never will be

Everything about Donald Trump is a lie....

It's all been a show and he is a lying showman....

[tinrobot]

2. He's almost a half billion in debt.

I'm richer than that idiot.

[duforsure]

3. I also think he's lying about being under an audit,

And more likely he has legal cases active against the IRS from a past audit, and now using his office and power to fend them off , and dispute and stop their claims . There needs to be an investigation how he's got away without consequences for doing this.

[raccoon]

4. I paid a hell of a lot more than that. And I am not a billionaire. NT

I paid a hell of a lot more than that. And I am not a billionaire. NT

[AnnaLee]

5. $750 is the joint income tax on a total taxable income of $33,600

Based on an ordinary joint return with no children, 1 senior, and one non-senior. I used the 2019 brackets for this example.

[Maeve]

6. Quote from classic movie "Holiday Inn"

What happened to her millionaire?

Slight mistake there. He didn’t own millions, he owed them.

[Jarqui]

7. I do not think this story alone is going to be devastating on its own

He'll lie about how smart he was to avoid taxes, etc.

But it will hurt him in the polls some as more people learn that he was a fraud claiming to be worth 10 billion $. Or realizing they paid more in taxes than he has. Or being unable to relate to his $70,000 hair expenses when they made a fuss over John Edwards $500 haircut.

It feeds the NY fraud case - which is his biggest fear. It affirms his desperation to retain the Presidency - the only way for him to continue this charade out of jail.

It should be brought up as to why a person like this should be disqualified from picking a Supreme Court Justice when not only does he intend to contest the election in front of this court but he's obviously been using the courts to cover his fraudulent ways.

[chriscan64]

11. One of the following has to be true.

1. He is a terrible businessman who wants to rake in millions but is too inept or 2. He is tanking his business on purpose for the express purpose of lowering his tax liability while he lives lavishly on the millions of dollars that pass through. He claims to be wealthier than he is in any event. In reality he cannot even claim that he is a normal millionaire who smartly reduces his taxes, he goes far and beyond the typical loophole finding rich person.

[onetexan]

8. He's not even a millionaire. He owes so much money to creditors & dead broke.

This is why he wants to stay in office - prevent having to pay creditors, get away with tax fraud, avoid being prosecuted by NY AG, and continuing his grift. He's a fraud & a loser.

[KewlKat]

9. To be fair, he might be a (-) Billionaire

We know he owes a lot of money...many people say, well some people say he owes more money than anyone else in history. He has the best debt, the best debt and certainly the most than anyone else.

[Blue Owl]

10. Donald Trump: "Gotta Dime?"

n/t

[Karma13612]

12. There was someone on NPR

Recently trying claim he is.

He was doing an analysis of his assets, etc and was trying to make himself sound very authoritative. He said (paraphrasing), ‘As much as people want to claim he isn’t, in fact he is”.

Well, unless you look at his assets versus his liabilities, and the assets valuation specifically, I can’t believe he is worth Billions.

And by the way, even if he is worth Billions, so what??

I care much more about his overall debt load. And to whom he is indebted.

Thats the issue. Who has him by the short hairs??

[Demsrule86]

15. When determining what a person is 'worth', one subtracts the liabilities from the assets...

He is not a billionaire and could be bankrupt soon.

[Gothmog]

13. Great ad

[Demsrule86]

14. I remember when Mike Bloomberg said if he won the presidency a 'real' billionaire would be

president. He was right. Trump is fake news.