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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump biographer reveals why Trump's yearly adjusted gross income is probably "less than $500K"
The 70-year-old (David Cay) Johnston (author of the 2018 book Its Even Worse Than You Think: What the Trump Administration Is Doing to America and 2016s The Making of Donald Trump) has been writing about Trumps finances for decades, and he told CNNs Alisyn Camerota that exaggerating his net worth is nothing new for The Donald.
Johnston recalled, I revealed in 1990 that (Trump) wasnt a billionaire, and Donald called me a liar until he had to put in the record documents showing he had a negative net worth of almost $300 million.
Camerota asked Johnston what Americans can expect when Trumps tax returns are made publicand the author responded that one of the things that were going to see is that his adjusted gross income in some recent years was less than $500,000. We know that because he got something in New York called the star property tax credit on his principal home, which is in Trump Tower. You only get that if your adjusted gross income is less $500,000.
Johnston went on to say that people are going to be very shocked about his finances and will see that Trump has the lifestyle of a billionaire, but he doesnt have any kind of wealth.
https://www.rawstory.com/2019/02/trump-biographer-says-people-will-shocked-presidents-finances-lifestyle-billionaire-no-wealth/
Johnston recalled, I revealed in 1990 that (Trump) wasnt a billionaire, and Donald called me a liar until he had to put in the record documents showing he had a negative net worth of almost $300 million.
Camerota asked Johnston what Americans can expect when Trumps tax returns are made publicand the author responded that one of the things that were going to see is that his adjusted gross income in some recent years was less than $500,000. We know that because he got something in New York called the star property tax credit on his principal home, which is in Trump Tower. You only get that if your adjusted gross income is less $500,000.
Johnston went on to say that people are going to be very shocked about his finances and will see that Trump has the lifestyle of a billionaire, but he doesnt have any kind of wealth.
https://www.rawstory.com/2019/02/trump-biographer-says-people-will-shocked-presidents-finances-lifestyle-billionaire-no-wealth/
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Trump biographer reveals why Trump's yearly adjusted gross income is probably "less than $500K" (Original Post)
Miles Archer
Feb 2019
OP
He claim that he donated all profits (nearly $200k) from his company to U.S. Treasury.
LiberalFighter
Feb 2019
#5
Wellstone ruled
(34,661 posts)1. Told you so.
Trump is running a Ponzi scheme.
mopinko
(70,281 posts)2. well, it would be based on his fictional income on his tax returns, but
yeah, he aint no billionaire.
mikeysnot
(4,757 posts)3. Worth seeing if you haven't
BigmanPigman
(51,646 posts)4. His dad gave him $400 million which he lost!
Genius businessman my ass.
LiberalFighter
(51,226 posts)5. He claim that he donated all profits (nearly $200k) from his company to U.S. Treasury.
That isn't much if he really has a successful business. Right? Or am I getting something wrong?
llmart
(15,563 posts)8. I thought the same thing when I read that article.
I may have even posted something about how if that was all the profits he made, he's a shitty businessman.
TheBlackAdder
(28,237 posts)6. Trump can't claim that Russian money laundering money.
smirkymonkey
(63,221 posts)7. K&R