"The loss you are seeing in the 1995 returns might be a decreased loss, because his overall loss could have far exceeded his income. That means, according to the tax laws, he would be allowed to carry over the remaining portion of the loss to another year," Rosenfeld told CNBC. "This billion-dollar loss could be the tip of the iceberg of a far larger loss."
Tuesday, October 04, 2016
Tip Of The Iceberg
CNBC: This accountant questions whether Trump's 1995 loss could have been larger by
Lori Ann LaRocco
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I wouldn't be surprised he was very busy in the 90's spending all three of his AC Casinos into bankruptcy. He didn't give a crap how much he squandered since he never had any intention of paying anyone back unless taken endlessly to court. His whole business model after 1993 was to fail upward. He wasn't the 1st person to do this, back then it was already an art form. All of this came about because of the massive changes made to the tax laws and other laws during Reagan's 8 yr. misrule. People tend to forget that at the end of those 8 yrs. the economy cratered under his successor GHB. The banks went belly up in 1987 and a recession followed for the next 5 yrs. We were just starting to dig out of it in 1992 too late to save GHB's 2nd term. The Conservatives have dressed up Reagan into a demi-God , but the truth was Reaganism brought us to the sorry State were in now.
I remember the recession at the end of Reagan and into GHWB. Back then I thought that Desert Storm was the diversion away from it. 1990 was miserable. I was laid off and eventually just went off on my own into self employment. A lot of my effort around that time was invested in pure survival, ugh. So I get the sense of desperation some guy around 35 to 45 is feeling.
Trump, ironically Assange just played the right for all its worth, more NY Times Trump tax revelations are forthcoming. Who knows what secrets he holds. Trump's train is falling apart day by day. He's finished. The October surprise all occurred over this last 9 days. Clinton smells blood in the water, her speeches are more forceful, she knows she cleaned his clock and then some, her confidence is peaking. Trump is losing it, his statements are appealing to his followers but so what, 10,000 people screaming like at a rock concert? WTF is that.
I read at Brietbart, it's fascinating but I suspect the some of them are beginning to ever slowly understand that Trump is finished.
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