Trump lost $2 billion while POTUS: https://www.drewberquist.com/2021/02/facts-president-trump-lost-2-billion-while-being-potus/...

JW

https://www.drewberquist.com/2021/02/facts-president-trump-lost-2-billion-while-being-potus/

PeterS

JW wrote:

https://www.drewberquist.com/2021/02/facts-president-trump-lost-2-billion-while-being-potus/

"It doesn’t matter who it is. The left, the media, Big Tech, they all want you to believe the same thing, President Trump is bad for America. Over the past four years, the media and all liberal outlets, including the new Fox News, attacked Trump for his policies and always putting America first. Obviously, the media painted him as a billionaire who only cares about himself. But recently, documents surfaced showing that Trump actually lost money while being POTUS.

That’s right, the man of New York actually lost money while putting America first and trying to help people. But again, this is the news you won’t hear as the liberals don’t want you to know it."

1) When Trump first ran for office his claim was that he was worth over 10 billion dollars. So if he is only worth 2.5 billion then he lost a hell of a lot more than 2 billion.

2)You are talking about valuation not actual worth. When Trump wants to borrow money his properties are worth twice what they are now and if it's time to pay taxes those properties are worth nothing at all. What's important when you are wealthy is your cash flow, not your 'worth', and so long as it's enough to cover your expenses then you have nothing to worry about, and last I checked Trump could still keep his bills paid. Wait a couple of years when a couple of loans mature. If he has the money to pay them fine if not he's going to be asking you always Trumpers to pony up because you can't get wealthy by paying your own bills...

JW

PeterS wrote:

b "It doesn’t matter who it is. The left, th... (show quote)

"you can't get wealthy by paying your own bills..." H**e to break it to you but that is the ONLY way you can get wealthy.

Worth and net worth are two different topics of conversation. Property is worth wh**ever someone will pay for it. You won't know what that is until someone buys wh**ever you're selling. You can set that value anywhere you like but the sale will determine the current value.

For property tax purposes, the local county assessor sets the tax value, not the owner. The owner can contest the valuation but it's up to the tax man to agree or disagree. It doesn't matter what the owner claims it is worth or not worth.

Pay close attention to the stuff you highlighted.

EmilyD

JW wrote:

https://www.drewberquist.com/2021/02/facts-president-trump-lost-2-billion-while-being-potus/

It's interesting that while you post this topic, BadBob has posted this one: https://www.onepoliticalplaza.com/t-210345-1.html ("Trump made $1.6bn while President, report says")

His information is from the Independent.co.uk - A British l*****t rag! Apparently they know all about Trump's financial records! (/sarc.)

Logic dictates that since Trump gave his salary away to various causes over the years and never kept a single paycheck for himself, that he was more interested in using his own funds to help Americans and their economy, rather than trying to make money on his presidency.

One of the main problems Dems had with Trump was that he didn't owe anyone anything when he chose to run for President. He made no promises to any foreign dignitaries that he would do things for them if they donated to his campaign, like all the other candidates did.

JW

EmilyD wrote:

It's interesting that while you post this topic, B... (show quote)

https://www.washingtontimes.com/news/2019/aug/1/george-soros-funded-group-democratic-ags-partner-a/

That link talks about the group making BB's 1.6 bn accusations. The group, acronym CREW, is and has been heavily invested in going after Trump and was founded and funded by Democrat activists and operatives.

I posted this because BB posted what he did.

EmilyD

JW wrote:

https://www.washingtontimes.com/news/2019/aug/1/george-soros-funded-group-democratic-ags-partner-a/

That link talks about the group making BB's 1.6 bn accusations. The group, acronym CREW, is and has been heavily invested in going after Trump and was founded and funded by Democrat activists and operatives.

I posted this because BB posted what he did.

I saw that about CREW. Rather than divesting his assets, Trump handed over his businesses to his sons to control, which was totally legal. Dems want to blame Trump for making that wise decision, apparently. How dare he preserve the family assets!

Gatsby

EmilyD wrote:

It's interesting that while you post this topic, B... (show quote)

Our Lame Lefty Loonies will spread anything that is anti Trump, facts don't matter, h**e rules their tiny minds.

lpnmajor Loc: Arkansas

JW wrote:

https://www.drewberquist.com/2021/02/facts-president-trump-lost-2-billion-while-being-potus/

Trump made 6 billion, so that means he made 8 billion and lost 2. Still a pretty good haul yes?

Milosia2 Loc: Cleveland Ohio

PeterS wrote:

b "It doesn’t matter who it is. The left, th... (show quote)

One bill coming due is for the $100Million loan for trump tower.
Of this loan trump has paid zero on it, now due.
And according to the IRS files, trump has never made any money’s down got refunds most years.
He did have one year where he paid $750.00.
You see if the rich paid their fair share they wouldn’t be trying to beat it out of me all the time.

Coos Bay Tom Loc: coos bay oregon

The Supreme court allowed the release of trumps taxes so we should be seeing the t***h soon and likely evidence of doctoring income and expenses. ------

JW

lpnmajor wrote:

Trump made 6 billion, so that means he made 8 billion and lost 2. Still a pretty good haul yes?

He lost $2 billion of his personal assets. No haul at all.