Good Times Good Times
Active Member
Many people are saying it was impossible to lose money in the casino biz during the 1995-2005 boom. But one person did.
Trump Casino Stats
- Thread starter Good Times Good Times
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Many people are saying it was impossible to lose money in the casino biz during the 1995-2005 boom. But one person did.
He made a lot of it by cheating smaller businesses out of their pay for their work.
And a big IF you can believe his claims of his wealth. He won't release his tax returns for any kind of verification.
His income taxes reported $76,000 in income in 1975, $25,000 in income in 1976 and $118,000 in income in 1977. He paid no income tax in 1978 and 1979 as he reported negative income, likely because of tax shelters.
The last time information from Donald Trump’s income-tax returns was made public, the bottom line was striking: He had paid the federal government $0 in income taxes.
This is what I could find on his loan:
Part of this deal was a $1 million loan that Donald's father Fred's Village Construction Corp. made to help repay draws on a Chase Manhattan credit line that Fred had arranged for Trump as he built the hotel, as well as a $70 million construction loan which was jointly guaranteed by Fred and the Hyatt hotel chain. Fred Trump was a silent partner in the initiative, due to his reputation having been damaged in New York real estate circles after investigations into windfall profits and other abuses in his real estate projects,
Moreover, Trump’s claim that he built a real-estate fortune out of a “small” $1 million loan is simply not credible. He benefited from numerous loans and loan guarantees, as well as his father’s connections, to make the move into Manhattan. His father also set up lucrative trusts to provide steady income. When Donald Trump became overextended in the casino business, his father bailed him out with a shady casino-chip loan—and Trump also borrowed $9 million against his future inheritance. While Trump asserts “it has not been easy for me,” he glosses over the fact that his father paved the way for his success — and that his father bailed him out when he got into trouble.
And a big IF you can believe his claims of his wealth. He won't release his tax returns for any kind of verification.
His income taxes reported $76,000 in income in 1975, $25,000 in income in 1976 and $118,000 in income in 1977. He paid no income tax in 1978 and 1979 as he reported negative income, likely because of tax shelters.
The last time information from Donald Trump’s income-tax returns was made public, the bottom line was striking: He had paid the federal government $0 in income taxes.
This is what I could find on his loan:
Part of this deal was a $1 million loan that Donald's father Fred's Village Construction Corp. made to help repay draws on a Chase Manhattan credit line that Fred had arranged for Trump as he built the hotel, as well as a $70 million construction loan which was jointly guaranteed by Fred and the Hyatt hotel chain. Fred Trump was a silent partner in the initiative, due to his reputation having been damaged in New York real estate circles after investigations into windfall profits and other abuses in his real estate projects,
Moreover, Trump’s claim that he built a real-estate fortune out of a “small” $1 million loan is simply not credible. He benefited from numerous loans and loan guarantees, as well as his father’s connections, to make the move into Manhattan. His father also set up lucrative trusts to provide steady income. When Donald Trump became overextended in the casino business, his father bailed him out with a shady casino-chip loan—and Trump also borrowed $9 million against his future inheritance. While Trump asserts “it has not been easy for me,” he glosses over the fact that his father paved the way for his success — and that his father bailed him out when he got into trouble.
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And he would have made more by investing that 1 mil into the stock market.
AlwaysWrite
Addicted Member
So just how did Hillary, who claimed that she and Bill were virtually broke when they left the White House, become multi-millionaires overnight?
AlwaysWrite
Addicted Member
Dear MI2AZ:
Then, in fairness, how about a graphic that shows how many of Trump's business ventures have succeeded as compared to the number of his business ventures that failed?
REVerse °
Addicted Member
Did any of this compromise our nations security- past, present, or future?
http://www.wnd.com/2015/05/here-they-are-hillarys-22-biggest-scandals-ever/
http://freedom-articles.toolsforfreedom.com/44-reasons-to-not-elect-hillary/
http://www.wnd.com/2015/05/here-they-are-hillarys-22-biggest-scandals-ever/
http://freedom-articles.toolsforfreedom.com/44-reasons-to-not-elect-hillary/
I don't think anyone really knows how many businesses he actually owns outright. He has a part in a lot and likes to rent out his name as a brand on a lot of other businesses but that doesn't mean he owns them.
Anyone remember Trump Airlines or Trump Ice or Trump Vodka?
his business record is less sterling than he suggests.
“Donald Trump is not a major player in New York City real estate,” said Jordan Barowitz, director of external affairs at the Durst Organization. “My guess is [that he owns] about 1.5 million square feet total. For comparison, the Durst Organization owns 13 million square feet in Manhattan.”
Much of the confusion stems from the fact that Trump frequently licenses his name to products — and buildings — he has not developed and does not own, such as the hotel and condominium Trump Soho in Manhattan and the Trump International Hotel & Tower in Dubai.
Anyone remember Trump Airlines or Trump Ice or Trump Vodka?
his business record is less sterling than he suggests.
“Donald Trump is not a major player in New York City real estate,” said Jordan Barowitz, director of external affairs at the Durst Organization. “My guess is [that he owns] about 1.5 million square feet total. For comparison, the Durst Organization owns 13 million square feet in Manhattan.”
Much of the confusion stems from the fact that Trump frequently licenses his name to products — and buildings — he has not developed and does not own, such as the hotel and condominium Trump Soho in Manhattan and the Trump International Hotel & Tower in Dubai.
AlwaysWrite
Addicted Member
A valid question, for sure.
Good Times Good Times
Active Member
Listen, you all don't have to convince me on Hillary...........I'm not voting for her. But don't try and convince me on Trump......b/c objectively he's bad. They're both objectively bad.
It's a bizarre thing how anytime Trump receives criticism it's an auto re-direction to Hillary. It's OK to admit both candidates are terrible.
It's a bizarre thing how anytime Trump receives criticism it's an auto re-direction to Hillary. It's OK to admit both candidates are terrible.
Greg T.
The Jizz Slinger
Kinda like Obama and Bush, huh?
In this case no, the OP is talking about Trump's casino. Killary has nothing to do with that (at least we don't think so)
In most of the Obama discussions where Bush come up, they are saying that Obama got the mess from Bush.
Trump is own his own in this post.
In most of the Obama discussions where Bush come up, they are saying that Obama got the mess from Bush.
Trump is own his own in this post.
Greg T.
The Jizz Slinger
That's not what I meant. I was referring to this: "It's a bizarre thing how anytime Trump receives criticism it's an auto re-direction to Hillary."
AlwaysWrite
Addicted Member
[QUOTE="Good Times Good Times, post: 20437, member: 269]
It's a bizarre thing how anytime Trump receives criticism it's an auto re-direction to Hillary. It's OK to admit both candidates are terrible.[/QUOTE]
Dear Good Times Good Times:
It's also a bizarre thing how anytime Hillary received criticism it's an auto re-direction to Trump. Is it not?
It's a bizarre thing how anytime Trump receives criticism it's an auto re-direction to Hillary. It's OK to admit both candidates are terrible.[/QUOTE]
Dear Good Times Good Times:
It's also a bizarre thing how anytime Hillary received criticism it's an auto re-direction to Trump. Is it not?