tRump had 270 Million in loans "forgiven" in Chicago business debacle.

The amazing thing is how he has been able to hide all of his scams and snow it over with BS tweets and attention-shifting attacks on others.
 
He should never have been allowed anywhere near the federal purse strings.

US federal debt is now $27 TRILLION.
 
Why would any bank do business with Trump, including Deutsche Bank knowing that Trump is a losing proposition. ??????????????????
 
Tacomaman said:
https://www.cnn.com/2020/10/27/politics/trump-tax-records-chicago-loan/index.html

No issue here. Any of us could get debts forgiven and pay no taxes......lol

This is just another example of tRump cheating folks like he has done his entire career.
Click to expand...

The president’s federal income tax records, obtained by The New York Times, show for the first time that, since 2010, his lenders have forgiven about $287 million in debt that he failed to repay. The vast majority was related to the Chicago project.

https://www.nytimes.com/2020/10/27/business/trump-chicago-taxes.html#click=https://t.co/Cp9x0wSCYn
 
How Trump Maneuvered His Way Out of Trouble in Chicago

Ultimately, Mr. Trump’s lenders forgave much of what he owed.

Those forgiven debts are now part of a broader investigation of Mr. Trump’s business by the New York attorney general.

They normally would have generated a big tax bill, since the Internal Revenue Service treats canceled debts as income.

Yet as has often happened in his long career, Mr. Trump appears to have paid almost no federal income tax on that money, in part because of large losses in his other businesses, The Times’s analysis of his tax records found.

https://www.nytimes.com/2020/10/27/business/trump-chicago-taxes.html#click=https://t.co/Cp9x0wSCYn
 
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