Trump’s finances far from reality
To the editor:
During his long and illustrious career as a world-renowned, and very well known, entrepreneur and unabashed self-promoter of the highest order, it has been recently reported, based on evidence provided in official documents from the Internal Revenue Service, by the New York Times that President Donald Trump reported a staggering $1.17 billion in loses from 1985 through 1994, and, as a result, reportedly paid no taxes in eight of the 10 years during the aforementioned period.
This from an individual who has often decried others who, as a result of their low-income status, paid little or no federal or state income taxes, essentially referring to them as noncontributors, financially, to our great nation.
A bit hypocritical, perhaps?
During the aforementioned period, Trump reportedly was heavily involved in the construction and operation of hotels, casinos and airlines, many of which failed, that were funded by hundreds of millions of dollars in loans. As a result, it was stated that during that period Trump “lost more money than (virtually) any other American.”
Incredibly, this happened during the period when Trump was heavily promoting himself as the “ultimate businessman and deal-maker” and authoring his best-selling memoir, “The Art of the Deal,” which now largely can be described perhaps largely as a book of fiction and shameless narcissism.
Also, during the recent congressional testimony by Michael Cohen, who for years has been Trump’s personal attorney and “fixer,” said Trump oftentimes over the years had grossly inflated his assets in an obvious attempt to lead others to believe that his assets, although substantial, were considerably greater than in reality, and, as a result, now is under investigation by the New York state attorney general’s office to see if legal improprieties might occurred in the execution of a number of related financial transactions.
An example documented to date reveals that in his attempt to purchase the Buffalo Bills of the National Football League, Trump reportedly stated the value of his New York City mansion at $291 million, while local assessors valued said property at $19 million.
Does it not appear even more obvious why Trump continues to desperately reject all requests for him to release his recent income tax data to the public? Undoubtedly, such would be most revealing and would, perhaps, give a considerably more accurate account of Trump’s financial status.
Also, I find it quite ironic that prior to Trump’s candidacy for the presidency, he often stated that the refusal by any candidate for public office to reveal such data should be an automatic disqualifier of said individual from holding elective office. It appears that Trump’s vigorously promoted and very impressive self-image, which for decades had been largely unquestionably promoted by virtually all forms and levels of the media, might, in reality, be far from being reality-based.
Not surprising from an individual who already has incredibly eclipsed the 10,000 plateau of making “false and misleading statements” to the public during his less than two-and-a-half years in the White House.