NYT: Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance

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Torillian said:

pitzy272 said:

This is by no means unheard of with the very wealthy. There are loopholes that can be worked to allow for reduced taxes. Same goes for massive businesses like Amazon as well. Has it been shown that he committed fraud or otherwise committed illegal activity? If not, this isn’t really a story. Either way, this being released now is so obviously for political reasons. 

I think the two things of import from this news are:

1. Trump is not the massively successful business man he purports to be and is instead losing money more often than gaining. 

2. He is under audit for a 75 million dollar tax refund for almost a decade now. 

Neither of those two things are common for the very wealthy to my knowledge. 

You mean reality TV lied to us? Surely you jest. Next we'll find out not everyone on the Bachelor is actually in love.