Trump campaign spins Trump’s nearly billion dollar loss as 'GENIUS'
by Ian Millhiser
October 2, 2016
Yup, losing nearly a billion dollars was super smart.
If you watched a Sunday morning news show this weekend, you saw one of two Trump surrogates: New Jersey Gov. Chris Christie (R) or former New York City Mayor Rudy Giuliani (R). Both men spoke from the same talking point — Donald Trump is a “genius” if he does not pay taxes.
Saturday evening, the New York Times reported that Donald Trump lost nearly $1 billion in 1995, based on tax documents mailed to a Times reporter. As the Times explains, such a gargantuan loss “could have allowed him to legally avoid paying any federal income taxes for up to 18 years,” because Trump can count losses in 1995 against future income in subsequent tax years.
Both Christie and Giuliani had the same spin on Trump’s ability to use his massive losses to offset tax liability in later years. “There’s no one who’s shown more genius in their way to maneuver about the tax code as he rightfully used the laws to do that,” Christie told Fox News’ Chris Wallace. “The man is a genius!” Giuliani proclaimed. “He knows how to operate the tax code.”
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Trump, in other words, made several very bad business decisions — at a time when the United States economy was otherwise doing fairly well — and those bad decisions came back to bite him in 1995, costing him nearly a billion dollars.
Genius!
https://thinkprogress.org/trump-campaign-spins-trumps-nearly-billion-dollar-loss-as-genius-3e986436907e#.h50qnxo4j
= new reply since forum marked as read
to call deadbeat don a genius.
The maggot recovered on the back of all those people he stiffed.
