He invested much of that in a collection of businesses, mostly golf courses, that in the years since have steadily devoured cash - much as the money he secretly received from his father financed a spree of quixotic overspending that led to his collapse in the early 1990s. Trump a total of $427.4 million, The Times’s analysis of the records found. “The Apprentice,” along with the licensing and endorsement deals that flowed from his expanding celebrity, brought Mr. Trump has been more successful playing a business mogul than being one in real life.
They reveal the hollowness, but also the wizardry, behind the self-made-billionaire image - honed through his star turn on “The Apprentice” - that helped propel him to the White House and that still undergirds the loyalty of many in his base. Together with related financial documents and legal filings, the records offer the most detailed look yet inside the president’s business empire.
WA HIDDEN BUSINESS NAME FULL
The tax data examined by The Times provides a road map of revelations, from write-offs for the cost of a criminal defense lawyer and a mansion used as a family retreat to a full accounting of the millions of dollars the president received from the 2013 Miss Universe pageant in Moscow. Garten also asserted that some of what the president owed was “paid with tax credits,” a misleading characterization of credits, which reduce a business owner’s income-tax bill as a reward for various activities, like historic preservation. Trump has paid - Social Security, Medicare and taxes for his household employees. Garten appears to be conflating income taxes with other federal taxes Mr. With the term “personal taxes,” however, Mr. “Over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015,” Mr. Garten took direct issue only with the amount of taxes Mr. After The Times declined to provide the records, in order to protect its sources, Mr.
In response to a letter summarizing The Times’s findings, Alan Garten, a lawyer for the Trump Organization, said that “most, if not all, of the facts appear to be inaccurate” and requested the documents on which they were based. How Reality-TV Fame Handed Trump a $427 Million Lifeline Trump Engineered a Sudden Windfall in 2016 as Campaign Funds Dwindled Charting an Empire: A Timeline of Trump’s Finances An Editor’s Note on the Trump Tax Investigation The Swamp That Trump Built Trump Records Shed New Light on Chinese Business Pursuits Nor do they reveal any previously unreported connections to Russia.
Trump owns hundreds of millions of dollars in valuable assets, but they do not reveal his true wealth. Trump has disclosed to the I.R.S., not the findings of an independent financial examination. By their very nature, the filings will leave many questions unanswered, many questioners unfulfilled. Trump’s nearly four years in office - and across his endlessly hyped decades in the public eye - journalists, prosecutors, opposition politicians and conspiracists have, with limited success, sought to excavate the enigmas of his finances. The returns are some of the most sought-after, and speculated-about, records in recent memory. This article offers an overview of The Times’s findings additional articles will be published in the coming weeks. It does not include his personal returns for 2018 or 2019. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office. The New York Times has obtained tax-return data extending over more than two decades for Mr. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.
portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public.
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