i guess they didnt teach donald that gross income is not net income at wharton. or maybe
he's just the biggest liar and con man the world has ever produced. i could not live with
myself knowing i was this big of a liar. and all these uneducated goobers at his rallies
believe everything that comes out of his mouth. we should test conservatives before
we allow them to vote.
On the financial disclosure forms that Donald J. Trump has pointed to as proof of his tremendous success, no venture looks more gold-plated than his golf resort in Doral, Fla., where he reported revenues of $50 million in 2014. That figure accounted for the biggest share of what he described as his income for the year.
But this summer, a considerably different picture emerged in an austere government hearing room in Miami, where Mr. Trump’s company was challenging the resort’s property tax bill.
Mr. Trump’s lawyer handed the magistrate an income and expense statement showing that the gross revenue had indeed been $50 million. But after paying operating costs, the resort had actually lost $2.4 million.
Mr. Trump has repeatedly held out his financial disclosures as a justification for breaking with tradition and refusing to release his personal tax returns
The records demonstrate that large portions of those numbers represent cash coming into his businesses before covering costs like mortgage payments, payroll and maintenance. After expenses, some of his businesses make a small fraction of what he reported on his disclosure forms, or actually lose money.
http://www.nytimes.com/2016/11/04/u...n-region®ion=top-news&WT.nav=top-news&_r=0http://www.nytimes.com/2016/11/04/u...n-region®ion=top-news&WT.nav=top-news&_r=0
he's just the biggest liar and con man the world has ever produced. i could not live with
myself knowing i was this big of a liar. and all these uneducated goobers at his rallies
believe everything that comes out of his mouth. we should test conservatives before
we allow them to vote.
On the financial disclosure forms that Donald J. Trump has pointed to as proof of his tremendous success, no venture looks more gold-plated than his golf resort in Doral, Fla., where he reported revenues of $50 million in 2014. That figure accounted for the biggest share of what he described as his income for the year.
But this summer, a considerably different picture emerged in an austere government hearing room in Miami, where Mr. Trump’s company was challenging the resort’s property tax bill.
Mr. Trump’s lawyer handed the magistrate an income and expense statement showing that the gross revenue had indeed been $50 million. But after paying operating costs, the resort had actually lost $2.4 million.
Mr. Trump has repeatedly held out his financial disclosures as a justification for breaking with tradition and refusing to release his personal tax returns
The records demonstrate that large portions of those numbers represent cash coming into his businesses before covering costs like mortgage payments, payroll and maintenance. After expenses, some of his businesses make a small fraction of what he reported on his disclosure forms, or actually lose money.
http://www.nytimes.com/2016/11/04/u...n-region®ion=top-news&WT.nav=top-news&_r=0http://www.nytimes.com/2016/11/04/u...n-region®ion=top-news&WT.nav=top-news&_r=0
