I’m Starting My Second Read

September 27, 2020 By: Juanita Jean Herownself Category: Uncategorized

Pour yourself an adult beverage, find a comfortable place to sit, grab some paper and a pencil to take notes and head on over to the New York Times.

This is what your subscription fee buys for America —

The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

And then it gets worse.

It’s a long read. It’s well researched and clearly written.  The key take away is that Trump is basically broke.  He is responsible for loans of $421 million coming due within 4 years. If he is reelected, his creditors will foreclose on a sitting president.

 

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