Surely the GOP can't even begin to be serious seeing Donald Trump as a presidential contender......and even if the electorate is beholden to someone like Trump, with all his supposed money and TV appearances, the repersussions for America - and the world - were he to gain office, are too grim to contemplate. The man is simply not up to the task. Worse still, as this piece in The Nation so clearly shows, the emperor's clothes have to be removed to reveal the real Trump.
"In a recent column, Johnston points out that in examining four years of tax returns he discovered that Trump paid no taxes in two of them.
“He pays little to no income tax because he does these real estate deals that allow him to take—as a professional real estate developer—unlimited paper losses like depreciation against income he gets from NBC for his show,” says Johnston.
He’s also had more business bankruptcies than wives, and Johnston says Trump’s bravado about his wealth and business acumen contradicts his real record. According to Johnston, Trump typically does two kinds of deals: he borrows more than 100 percent of the purchase price for real estate and takes a fee off the top; or he’s paid a fee to put his name on a building."
"In a recent column, Johnston points out that in examining four years of tax returns he discovered that Trump paid no taxes in two of them.
“He pays little to no income tax because he does these real estate deals that allow him to take—as a professional real estate developer—unlimited paper losses like depreciation against income he gets from NBC for his show,” says Johnston.
He’s also had more business bankruptcies than wives, and Johnston says Trump’s bravado about his wealth and business acumen contradicts his real record. According to Johnston, Trump typically does two kinds of deals: he borrows more than 100 percent of the purchase price for real estate and takes a fee off the top; or he’s paid a fee to put his name on a building."
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