Also Trump getting a tax refund from a bankruptcy when he had a stake in the restructured entity is illegal and under investigation. Also has over $400M in personal debt coming due which he will have to deal with.
Funny that you think a real estate company worth billions doesn't know what its doing and that you or the journalist libs you read are authorities. Both bankruptcy and debt are part of the game of business and laws. Trump has been masterfully doing this since the 1970's.
Except, according to his tax records, he has been running at a huge loss for many years. While he certainly has plenty of collateral, it seems to me that the income form Trump tower is not enough to offset his costs. The question then is, does his business make enough money to be worth a loan? And he still is paying the loans, right? I mean, a bank isn't just going to say "ok, Mr. Trump, here's $400 Million dollars. Pay us back in 10 years. If you can't, just take out another loan on your tower and we'll give you another 400 Million."
Now, I'm not an expert on bank loans but in my limited experience, banks don't give money for free and refinancing is just a fancy way of saying " you still owe us monthly payments, but just at a different interest level"
$70,000 is alot of money to write off
The Apprentice ran for 15 seasons. These new tax leaks covered two decades of Trump tax returns. The best thing they could find were reasonable and legally permissible business deductions for The Apprentice? Weak and desperate.
But MGM was the company producing it. Therefore, makeup (including hair styling) was on them, not him and certainly not Trump inc. Unless he wishes to claim that Trump Inc. requires Trump to have excellent looking hair. Which sounds weird for a real estate company, don't you think?
-edit-
Oh, apparently it IS weird AND not allowed.
https://www.npr.org/2020/09/28/917810562/dont-deduct-that-haircut-just-yet-tax-court-has-rejected-such-claimsGo figure, right?
No, they don't and yes it is. Tell me, where is he "donating" his money? Also, how can he take no salary AND donate his salary. You can't donate what you don't get.
If I work for the government and I give my salary to the National Park Service, I didn't "reallocate" my money, like "reallocating" my business investments overseas. That's a incorrect thing to think. It's called a donation.
*sigh*
Ok, lets start with the basic definition of a Donation because you clearly do not understand.
A donation is an act whereby you give a person or organization something you own (money, items, or your services) without repayment. The key word is OWN. Donald Trump's Salary is $1. Therefore, he can only donate $1 of his salary anywhere and the Department of Education can't accept donations anyway.
What Trump did was move money before he got it.
He took the budget for "Presidential Salary" and moved it to somewhere else. He did not get the money. Therefore, he can not donate it because he did not own it. He was entitled to it, but he changed the budget so he only got $1 instead.
It would be like if you worked for the government and told your boss "Just pay me $1 a year instead of $40,000". Are you "donating" your money? No, you are literally just telling your boss to not pay you what you were offered. Trump just happens to be his own boss in that regard. He literally just cut his own pay to $1 a year and the money originally budgeted to him was put elsewhere. ie. Reallocated.
Wanna fight me? Go get a list of organizations he donated to. You know, Actual Charities.
Last I checked, cheating on your taxes is illegal.
Last I checked, no one proved that Trump did anything that was illegal and this illegality exists only in your deranged imaginations.
You are correct. It hasn't been proven yet. Mostly because the evidence has been hidden away at various banks out of country. But rest assured, the IRS is investigating so something isn't right. Don't you agree?