August 13, 2022

Trump just furiously lashed out and gave a nonsense excuse for his embarrassing business losses

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Donald Trump’s carefully fabricated reputation for being a genius businessman and master dealmaker — which was already in tatters due to his disastrous tenure as president — has been finally dispelled for a good with recent acquisition and release by The New York Times of ten years of his tax returns.


The new report shows that Trump’s businesses lost over $1 billion between 1985 and 1994 meaning he’s not even a mediocre businessman, he’s an atrocious one. In fact, the argument could be made that during that span of time he was the most incompetent in the entire country, as each year of that decade he appears to have lost more money than any other single American taxpayer.

The other possible explanation for the massive losses is even worse because it means he was inflating his expenses to cheat the government out of paying taxes, shafting his fellow Americans in the process. It’s staggering that in eight out of the ten years he didn’t pay income taxes.

As soon as the news broke, it was only a matter of time before the infamously insecure Donald responded. Now he’s taken to Twitter to insist that he is, despite all the evidence, actually a brilliant businessman.

Trump claimed that his massive losses were because real estate developers at the time were “entitled to massive writes off and depreciation” which would appear as losses on tax filings. He says he used “tax shelters,” which is basically him just admitting to scamming the government and the people of New York City out of much-needed money.

He wasn’t done there though and went on to say that he “always wanted to show losses for tax purposes” and that it wasn’t just him, because most real estate developers did it. Factoring in what we learned from The New York Times story, he is essentially saying that he cheated the United States out of more tax dollars than anyone else during that ten-year stretch.

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Stunningly, he ended the little tweet rant by saying that the “very old information” is actually part of a “highly inaccurate Fake News hit job!” Presumably, he thinks his supporters are so stupid that he can explain what happened in one tweet, and then insist that it didn’t actually happen in the very next breath. It’s a level of cognitive dissonance so absurd one can’t help but laugh. In attempting to cover all his bases, he’s served up a swirling stew of nonsense.

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Now we know why he was desperate to hide his tax returns from voters.

Some of the responses to the president’s tweet were absolutely brutal:

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Natalie Dickinson

Natalie is a staff writer for the Washington Press. She graduated from Oberlin College in 2010 and has been freelance blogging and writing for progressive outlets ever since.

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