As his businesses lost hundreds of millions of dollars, Trump had two sources of ‘oncome’.
Borrowing, hundreds of millions at a time, and selling his ‘name’.
BUT, no one will loan to him any more, with hundreds of millions in debt coming due, not to mention potential tax payments and penalties if/when he is found guilty of tax fraud, and his ‘name’ has become toxic, as many of his properties have paid good money to remove his moniker from their experiments.
Yup, the guy who was elected but the clueless sheep cuz he was such a great businessman, has prospered by living on the edge, profiting from lawsuits and bankruptcies.
Let’s see ho that works for you now, Dotard, since your schemes have been exposed, and only the gullible and ignorant among us(R) swallow your lies.
Trump emerges as a man living large, losing large, and constantly staying just one step ahead of his creditors. His businesses lose money. This gives him tax losses but the need for cash to keep living large. He gets lots of money -- some $300 million at least -- from borrowing. And Trump, the self-proclaimed King of Debt, knows that borrowing is not taxable income.
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