Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases. Much was non monetary. Sometimes considered “tax shelter,” ......— Donald J. Trump (@realDonaldTrump) May 8, 2019
So it's all true, and it's all lies. And he's the greatest real estate developer ever, because he lost more money than anybody in America? And was he showing legitimate losses? Or committing fraud? Which raises the question again: whose money is Trump spending, and what does he owe them in return?....you would get it by building, or even buying. You always wanted to show losses for tax purposes....almost all real estate developers did - and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!— Donald J. Trump (@realDonaldTrump) May 8, 2019
This has moved beyond his con artist abilities.
As we said in the old days: "When you're No. 1, the only way to go is down."
If Trump had invested even a fraction of Daddy Fred Trump's millions in Apple and Microsoft stock in the late 1980s and spent his time playing golf, he'd be as or richer than he claims he is. He wanted to be a player in NYC real estate and ended up a loser...and president. How did we get here?
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