The New York Times released a scoop today, telling the world that Donald Trump, the self-proclaimed “self-made” business genius, lost more than a billion bucks for a decade ending in 1994.
Well, who would’ve thought that?
I’ll admit to being not terribly surprised. The NY Times was able to obtain tax documents — not the actual returns, mind you — that tell of Trump’s business misadventures.
In 1990 and 1991, according to those documents, Trump lost $250 million, which reportedly is the largest amount lost during that time by an American taxpayer. The documents also reveal that Trump lost so much money that he didn’t pay any taxes for eight of those 10 years.
How about that?
The world already knows that his late father, Fred, staked him a huge amount of money to get started when he finished his education at the “best college.” Donald Trump, though, had previously portrayed himself as a self-made tycoon, a mogul who built his huge empire from scratch.
Hmm. Not so.
Now we are able to look just a little more deeply into what kind of fraudulent picture he painted of himself.
Yep, U.S. Sen. Mitt Romney was right in 2016 when he described the future Republican Party presidential nominee as a “phony” and a “fraud.”