ARE TRUMP’S BUSINESSES REALLY DOING THAT WELL IF HE IS CLAIMING BUSINESS LOSSES?
Trump uses the business losses made by some of the entities in the Trump Organization to offset the gains made elsewhere, particularly the large earnings that Trump makes off his image – USD 424.7 million from 2004 to 2018 – and those from his flagship Trump Tower in New York (USD 336.3 million since 2000).
Trump has used a particular method of tax planning to carry forward several business losses from previous years to use to offset profits made later – in particular losses made in the early 1990s that he used up till 2005.
However, the numbers show that he has been making major losses in the businesses that are supposed to be the key to his real estate business empire: his golf courses and his hotels. For instance, since 2000, he has lost more than USD 315 million on the golf courses, while his…