the True Trump Story

reason10 · November 19, 2022

For the LIARS here, who have done nothing but LIE about Trump and his business dealings.

A RELIABLE SOURCE.

https://www.bbc.com/news/world-us-canada-35318432

Mr Trump is the fourth child of New York real estate tycoon Fred Trump. Despite the family's wealth, he was expected to work the lowest-tier jobs within his father's company and was sent off to a military academy at age 13 when he started misbehaving in school.

After attending the Wharton School at the University of Pennsylvania he became favourite to succeed his father when his older brother, Fred, chose to become a pilot. Fred Trump died at 43 from alcoholism, an incident that his brother says led him to avoid alcohol and cigarettes his entire life.

Mr Trump says he got into real estate with a "small" $1m loan from his father before joining the company. He helped manage his father's extensive portfolio of residential housing projects in the New York City boroughs, and took control of the company - which he renamed the Trump Organization - in 1971.

His father died in 1999. "My father was my inspiration," Mr Trump said at the time.

Shifting his family's business from residential units in Brooklyn and Queens to glitzy Manhattan projects, Mr Trump transformed the rundown Commodore Hotel into the Grand Hyatt and erected the most famous Trump property, the 68-storey Trump Tower on Fifth Avenue. Other properties bearing the famous name followed - Trump Place, Trump World Tower, Trump International Hotel and Tower, and so on. There are Trump Towers in Mumbai, Istanbul and the Philippines.

And Mr Trump developed hotels and casinos, an arm of the business that has led to four bankruptcy filings (for the businesses, not personal bankruptcy).

He also built an empire in the entertainment business. From 1996 until 2015, he was an owner in the Miss Universe, Miss USA, and Miss Teen USA beauty pageants. In 2003, he debuted an NBC reality television show called The Apprentice, in which contestants competed for a shot at a management job within Mr Trump's organisation. He hosted the show for 14 seasons, and said in a financial disclosure form that he had been paid a total of $213m by the network during the show's run.

He has written several books, and owns a line of merchandise that sells everything from neckties to bottled water. According to Forbes, his net worth is $2.5bn (£1.9bn).

About those taxes, that all the LIARS here are salivating about:

https://www.bbc.com/news/world-us-canada-54323654

What are the report's key allegations?

The president paid just $750 (£580) in federal income tax both in 2016, the year he ran for the US presidency, and in his first year in the White House
He paid no such taxes in 11 of 18 years of tax records examined by the newspaper
The president has managed to lower his taxes through reporting hefty losses on his businesses
After the success of The Apprentice TV show he did initially pay significant taxes - $95m over 18 years. But he later got most of that back via a $72.9 million federal tax refund. The refund remains under review
Mr Trump's daughter, Ivanka, has helped reduce the family's tax bill through large "consulting fees"
He is personally responsible for hundreds of millions of dollars in loans, most of which will come due in the next four years
He has claimed tax deductions on expenses including $70,000 of hair styling for television

For the knuckleheads here:

Has Trump done anything wrong?

The New York Times (NYT) reporting alleges large scale tax avoidance, which may be controversial but is not illegal.

Many wealthy Americans use loopholes to reduce the amount of tax they are legally bound to pay.

Those are the facts. The man didn't cheat on his taxes. He paid his FAIR SHARE. He just made a ton of money in the process. If you envy him, you need to get off your fat ass and work hard like he did.