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In reply to the discussion: Trump tells Walmart to 'eat the tariffs' instead of raising prices [View all]NJCher
(40,053 posts)The guy who lost more money than anyone else in the United States has some business advice for you.
Here are some relevant facts from his spectacular (not) business career, according to the IRS and as reported by the NY Times:
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The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.
In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 more than $250 million each year were more than double those of the nearest taxpayers in the I.R.S. information for those years.
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https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html
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