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Trump actually made $250 million in 2005

Posted on 3/15/17 at 8:12 pm
Posted by PrimeTime Money
Houston, Texas, USA
Member since Nov 2012
27304 posts
Posted on 3/15/17 at 8:12 pm
Had $100 million in write offs to get $150 million of taxable income.

Didn't realize that based on all the headlines.
Posted by TheCheshireHog
Cashew Chicken Country
Member since Oct 2010
40855 posts
Posted on 3/15/17 at 8:13 pm to
Good for him.
Posted by PuntBamaPunt
Member since Nov 2010
10070 posts
Posted on 3/15/17 at 8:13 pm to
Allegedly. He's all over the place in this interview
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35361 posts
Posted on 3/15/17 at 8:13 pm to
Where are you getting that from?
Posted by diplip
the Mars Hotel
Member since Jan 2011
897 posts
Posted on 3/15/17 at 8:13 pm to
He has the best accountants.
This post was edited on 3/15/17 at 8:15 pm
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98468 posts
Posted on 3/15/17 at 8:13 pm to
Still not a billionaire according to some members of the press.
Posted by bigwheel
Lake Charles
Member since Feb 2008
6491 posts
Posted on 3/15/17 at 8:14 pm to
We're the write offs legal or illegal
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35361 posts
Posted on 3/15/17 at 8:15 pm to
BTW, he just finished the bankruptcy of his casinos in 2005. Not sure where there was any income to make another $100m.
Posted by member12
Bob's Country Bunker
Member since May 2008
32089 posts
Posted on 3/15/17 at 8:20 pm to
Meh. Don't really care.

I actually think his taxes is an even more boring issue than it was yesterday.
Posted by Sidicous
Middle of Nowhere
Member since Aug 2015
17127 posts
Posted on 3/15/17 at 8:20 pm to
quote:

Had $100 million in write offs to get $150 million of taxable income.

Didn't realize that based on all the headlines.


Do the math on that to break it down. Roughly $500/minute and it kinda explains his so-called "short attention span".

Deciding between the Big Mac or the Quarter Pounder (and quarter pounder with or without cheese) costs him more than the burgers.
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 3/15/17 at 8:24 pm to
quote:

Had $100 million in write offs to get $150 million of taxable income.

Didn't realize that based on all the headlines.
I saw that 102,000,000 loss, but if figured somebody would have pointed it out. Apparently that's often carry over net operating loss, although maybe it was suggest in 2005.
Posted by Big_Slim
Mogadishu
Member since Apr 2016
3977 posts
Posted on 3/15/17 at 8:33 pm to
This dude's a gangster
Posted by beaverfever
Little Rock
Member since Jan 2008
32643 posts
Posted on 3/15/17 at 8:48 pm to
It looks like the rumors that he isn't filthy rich are incorrect.
Posted by tigerskin
Member since Nov 2004
40030 posts
Posted on 3/15/17 at 8:55 pm to
If I had that kind of money, I can't imagine agreeing to put up with all these asshats everyday.
Posted by Eightballjacket
Member since Jan 2016
7311 posts
Posted on 3/15/17 at 8:56 pm to
I admire him for making his fortune before entering politics, unlike bottom feeders such as the community organizer.
This post was edited on 3/15/17 at 8:57 pm
Posted by Gusoline
Jacksonville, NC
Member since Dec 2013
7618 posts
Posted on 3/15/17 at 9:13 pm to
hes got frick you money and still chooses to serve his country. so under appreciated.
Posted by dr smartass phd
RIP 8/19
Member since Sep 2004
20387 posts
Posted on 3/15/17 at 9:15 pm to
quote:

ot sure where there was any income to make another $100m.


His Apprentice income
Posted by PrimeTime Money
Houston, Texas, USA
Member since Nov 2012
27304 posts
Posted on 3/15/17 at 9:24 pm to
Why the 6 down votes? ??
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 3/15/17 at 9:35 pm to
quote:

Why the 6 down votes? ??
I think it's because the 102 million dollar loss claimed doesn't mean he actually made 102 million more. If it had been 250, then that would have been reported then deducted. In this case it was deducted from the 150.
Posted by Emiliooo
Member since Jun 2013
5148 posts
Posted on 3/15/17 at 9:39 pm to
quote:

Still not a billionaire according to some members of the press.

I think you're misunderstanding the difference between income and net total assets.
This post was edited on 3/15/17 at 9:40 pm
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