Malankazooie, on 27 September 2020 - 11:45 PM, said:
'Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.
He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
[...] his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed.
[...] Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.
[...] Trump has been more successful playing a business mogul than being one in real life.
"The Apprentice," along with the licensing and endorsement deals that flowed from his expanding celebrity, brought Mr. Trump a total of $427.4 million[...] He invested much of that in a collection of businesses, mostly golf courses, that in the years since have steadily devoured cash — much as the money he secretly received from his father financed a spree of quixotic overspending that led to his collapse in the early 1990s.
[...] The picture that perhaps emerges most starkly from the mountain of figures and tax schedules prepared by Mr. Trump's accountants is of a businessman-president in a tightening financial vise.
Most of Mr. Trump's core enterprises — from his constellation of golf courses to his conservative-magnet hotel in Washington — report losing millions, if not tens of millions, of dollars year after year.
His revenue from "The Apprentice" and from licensing deals is drying up, and several years ago he sold nearly all the stocks that now might have helped him plug holes in his struggling properties.
[...] His properties have become bazaars for collecting money directly from lobbyists, foreign officials and others seeking face time, access or favor[...]
[...] in his first two years in the White House, his revenue from abroad totaled $73 million. And while much of that money was from his golf properties in Scotland and Ireland, some came from licensing deals in countries with authoritarian-leaning leaders or thorny geopolitics — for example, $3 million from the Philippines, $2.3 million from India and $1 million from Turkey.
'
https://www.nytimes....G8NoIr6P_OUBOTs
This post has been edited by Azath Vitr (D'ivers: 28 September 2020 - 01:22 AM