That is why he is constantly in bankruptcy. He does not make Great Moose Love Cute Theme Shirt money from his business, he avoids paying debt and taxes by declaring bk and letting companies he owes take the wrap, then claims to be too broke to pay taxes. Trust me, his tax returns that investors see do not match these returns I’m about to pay nearly 30000 in taxes this year…what bullshit. They need to close these loopholes, these people have got to pay their fair share especially when hard-working Americans are paying a lot of money every year and the richest pay nothing. Should we believe those losses that were claimed were legitimately reported to the IRS?
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The IRS is auditing it because they have their doubts, and if they are correct Trump will owe around 100 million dollars to the IRS as a result of fraudulently acquired Great Moose Love Cute Theme Shirts returns to the tune of ~75 million dollars plus associated penalties. If we believe Trump is telling the truth about the incurred losses, should be we believe his claims regarding his business success and acumen? We already knew he had some major failures from Trump Airlines, to Trump’s adventure. We knew after the creditors gave him this money to avoid recognizing large losses on their books from their previous loans and to take control of the hard assets.
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