Trump and his taxes

[Fly Rod]

Originally Posted by spence

What if it wasn't legal? From what I've read Trump's real estate projects in the early 1990's were funded mostly by banks, not out of pocket cash, which would make a personal 916 million $ loss very difficult to obtain.

Until this above quote I believed like others on this site, U were the smartest person in the world.... most or all the money to build these sky scrapers come from the banks or investers....if U have been to boston the last couple of years and the building that has been going on is all bank loans or investers and the owner of the property having the work done just sits back pays in most cases a monthly construction loan and hopes work is done on schedule. ..if the deal fails banks and investers lose, owner declares a write off on taxes...

spence, Apple avoids paying 17 million in taxes every day....U and hillary only pick on on poor mr. trump....

[spence]

Originally Posted by Fly Rod

Until this above quote I believed like others on this site, U were the smartest person in the world.... most or all the money to build these sky scrapers come from the banks or investers....if U have been to boston the last couple of years and the building that has been going on is all bank loans or investers and the owner of the property having the work done just sits back pays in most cases a monthly construction loan and hopes work is done on schedule. ..if the deal fails banks and investers lose, owner declares a write off on taxes...

spence, Apple avoids paying 17 million in taxes every day....U and hillary only pick on on poor mr. trump....

The point is, to gather that much of a loss there was a scheme, he couldn't have done it on personal losses alone.

[buckman]

Originally Posted by spence

The point is, to gather that much of a loss there was a scheme, he couldn't have done it on personal losses alone.

I thought I explained this once ?
Spence do you and the Mrs. take all the deductions you can or do you give a little extra to the government ?
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