Trump acknowledges massive tax write offs, calls it 'sport'

[turbinetree]

Source: Associated Press

2 hours ago

WASHINGTON (AP) — President Donald Trump on Wednesday acknowledged taking massive tax write offs for real estate losses topping $1 billion from the mid-1980s to mid-1990s, calling it “sport” among developers like himself during that period.

Trump was reacting to a New York Times report Tuesday that his businesses lost more than $1 billion from 1985 to 1994. The newspaper said its reporting was based on printouts it acquired of Trump’s official IRS tax transcripts, including figures from his federal tax form.

Trump reported business losses of $46.1 million in 1985, and a total of $1.17 billion in losses for the 10-year period.

The president appeared to defend his actions in a pair of tweets early Wednesday.

Read more: https://apnews.com/ee2829c9cf72438c917dd90aded27135

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Sport..........................FUCK YOU........................someone has to pay off your fucking "sport" asshole, other taxpayers have to pick up the slack from a fucking "deadbeat"........................and to top it all off you and your family in today dollars were deadbeat on 400 million to the state of New York........................so in my way of thinking that close to 2 billion dollars that your family and you have stiffed the taxpayers across this country.................................fuck you.........................your a fucking deadbeat on everything and everyone else has to pick up your tab of bullshit.........................


November 3, 2020 cannot get here fast enough..............................

[backtoblue]

1. greedy bastards sports.

Not paying a dime in fucking taxes, and at the same time trying to kill social security/healthcare.

EVIL and absolutely shameless.

[underpants]

2. I thought this was "sport"

[forgotmylogin]

7. Watch where you hold that knife, Butt-Head.

[klook]

3. It was just "locker-room accounting."

Grab ‘em by the ledger.

[pandr32]

4. To protect his image he cops to tax evasion

Easy to see what is important to tRump.

[TygrBright]

5. The sport of greedy pricks. Okay, that's all right, then, huh? n/t

[leftyladyfrommo]

6. It probably was just a huge game to him.

Just another way to get around laws and regulations. He and his slimy pervert friends probably all laughed themselves silly over that one.

He would say it's just being "smart."

[Mc Mike]

8. It was sport to lose $100 mill a year for 10 years.

He 'won' the game, because he was the biggest loser.

[Roy Rolling]

9. Massive writeoffs

Real estate deals in the early-1980s were stuffed with up-front losses and capital gains at the end. But all of that was reined in during the mid-1980s and alternative minimum tax and such things were passed just for people like Trump.

Some continued to game the system, apparently Trump thinks he's above the law by calling it "sport".

Tax fraud is no "sport". Ironic he calls it "sport" while suffering from such terrible bone spurs.

[Blue_Tires]

10. Once again, if Hillary or Obama tried this shit

there would have been an armed revolt takeover of Washington...

[tclambert]

11. Oh, I see, losing a billion plus dollars proves what a "good" businessman he is.

I guess only chumps and losers actually make money.