The art of bankruptcy

The news is out: [WASHINGTON (Reuters) – U.S. President Donald Trump’s businesses lost a total of more than $1 billion from 1985 to 1994, according to the New York Times, which said it obtained printouts from Trump’s official Internal Revenue Service tax transcripts.
The newspaper said Trump posted losses in excess of $250 million in both 1990 and 1991, which appeared to be more than double any other individual U.S. taxpayer, based on IRS data.
Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years, the Times said.]
In 1991 Trump’s Taj Mahal filed for bankruptcy
In 1992 Trump’s Castle Hotel filed for bankruptcy
In 1992 Trump’s Plaza Casino and Trump’s Plaza Hotel filed for bankruptcy
In 2004 Trump’s Hotels and Casino Resorts holding company filed for bankruptcy
In 2009 Trump’s Entertainment Resorts filed for bankruptcy

Please stand by for more.

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