permafrost wrote:
Amerika... while Trump may or may not have actually contributed some of his salary of $400 grand per year to this or that.. you used his position to rob the taxpayers.. that would include me, maybe you.. of 10s of millions for the SS riding in his golf carts at his golf resorts and many more for staying at his hotels.. add that to the vast amount of the vile nations who paid him off by renting entire floors of his hotels.. and his biz racked in 100s of millions while his fat orange ass sprued farts in Americas oval.. and now you fools are working all you can to have him again escape paying for his crimes against the citizens of America.
May all of you rot in a cell near him and listen to his crying each and every night for decades.. or until death do he part.
Amerika... while Trump may or may not have actual... (
show quote)
You lie
In March 2016, Forbes estimated his net worth at $4.5 billion.
A year later, shortly after his inauguration, they lowered it by $1 billion, and by the end of his presidential term, they had subtracted yet another $1 billion.
Donald Trump's wealth takes a tumble during his presidency
Donald Trump's net worth dropped by about $700m to $2.3bn (£1.65bn) during his time as president, according to the Bloomberg Billionaires Index.
The COVID-19 pandemic hit his fortunes hard, with Mr. Trump's office buildings, branded hotels, and resorts losing revenue and falling in value.
His fleet of planes and golf courses have also seen drops in their value.
Mr. Trump is currently under a criminal investigation into his financial affairs and his family business.
Former President Trump’s net worth dropped by approximately $700 million during his presidency, according to an analysis from Bloomberg News.
According to Bloomberg, Trump’s net worth fell from $3 billion to $2.3 billion, with the coronavirus pandemic and fallout from the deadly Jan. 6 Capitol breach both heavily impacting his business empire.
Many of Trump’s businesses — hotels, casinos, and office spaces — have been decimated by the pandemic as workplaces shut down and tourism came to a halt due to global travel restrictions.
“The fallout from the Capitol assault has hurt his relationships with brokers and lenders.
At least $590 million in loans come due in the next four years, more than half personally guaranteed by Trump, and his scrapyard of failed enterprises has only gotten more crowded,” Bloomberg writes.
The Hill has reached out to the Trump Organization for comment.
Bloomberg estimates that the value of Trump’s commercial real estate properties dropped by 26 percent between 2016 and 2021, currently valued at $1.7 billion. His commercial real estate businesses account for roughly three-quarters of his wealth, Bloomberg notes.
The value of Trump’s hotels and resorts reportedly took an even greater hit, falling by 42 percent between 2015 and 2021 and incurring debts worth $330 million that are personally guaranteed by the former president.
The value of his other properties such as residential buildings, books and entertainment deals all dropped by more than 80 percent.
Despite these losses, Bloomberg notes that Trump has bounced back from financial failures in the past.
“A post-pandemic economic recovery could reinflate the value of his properties.
He could continue his run of bestsellers, pivot back to television, or start a rival to the social media platforms that have shunned him. Even if things go poorly, he could make the best of losses by using them to slash his tax bills, as he’s done for years,” the outlet writes.
Trump’s businesses are currently under investigation by the Manhattan district attorney’s office.
In February it was reported that Manhattan prosecutors had obtained Trump’s tax returns.
And in early March sources told the Wall Street Journal that Manhattan District Attorney Cy Vance Jr. (D) was intensifying his probe into Trump’s Seven Springs Estate to find if he had inflated the property’s value to gain greater benefits from financial institutions.
https://thehill.com/homenews/administration/543672-trumps-net-worth-dropped-by-700-million-during-presidency/IRS data proves Trump tax cuts benefited middle, working-class Americans most
Income data published by the IRS clearly show that on average all income brackets benefited substantially from the Republicans’ tax reform law, with the biggest beneficiaries being working and middle-income filers, not the top 1 percent, as so many Democrats have argued.
A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans’ Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.
Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.
By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent. (For more detailed data, see my table published here.)
That means most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.
What’s more, IRS data shows earners in higher income brackets contributed a bigger slice of the total income tax revenue pie following the passage of the tax reform law than they had in the previous year.
In fact, every income bracket with filers earning $200,000 or more increased its tax burden in 2018 compared to 2017, and every income bracket with a top limit lower than $200,000 paid a smaller proportion of the total personal tax revenue collected.
That means that Republicans’ tax reform law resulted in the tax code becoming slightly more progressive — the exact opposite of what Democrats have claimed over the past four years.
https://thehill.com/opinion/finance/584190-irs-data-prove-trump-tax-cuts-benefited-middle-working-class-americans-most/How did I use his position to rob the taxpayers or anybody?
It appears you are wasted on drugs or alcohol with your obnoxious false rant