The Master Con Artist

anopeThe New York Times has discovered that Donald Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it allowed him to legally avoid paying any federal income taxes for almost two decades.

The 1995 tax records disclosed the excessive tax benefits that Trump gained from the financial ruin he created in the early 1990s through mismanagement of his three Atlantic City casinos, his busted attempt in the airline business and his failed purchase of the Plaza Hotel in Manhattan.

Tax experts have concluded that Trump’s 1995 records entitled him use his $916 million loss to cancel out an equivalent amount of taxable income over two decades.

Trump has refused to disclose his tax records and his taxable income in subsequent years is as yet unknown.

Trump surrogates have attempted to [unsuccessfully] paint Trump as a “genius” because he played the system and skirted his tax responsibilities while rising from the ashes of ruin to a business success.

It is uncertain how undecided voters will view his failure to pay taxes or truth about his dismal business skills. Recently, Trump criticized middle class and poor people who did not pay taxes. He also falsely touts his business successful as a strength in his presidential run for the White House.

Trump refuses to make his tax returns public, because he said… he is being audited by the Internal Revenue Service. In the first debate, Hillary Clinton suggested Mr. Trump was refusing to release his tax returns so voters would not know “he’s paid nothing in federal taxes,” and when she also pointed out that Mr. Trump had once revealed to casino regulators that he paid no federal income taxes in the late 1970s – Mr. Trump replied, “That makes me smart.” Does not paying taxes really make a rich person smart of just greedy?

In reflection, the truth about the Trump success or lack thereof is best said during his business slump. “Simply put, the [Trump] organization is in dire financial straits,” the casino regulators concluded.

In 1990 Trump’s boasted of success and flaunted his jetsetter lifestyle, but his business consisted of an array of smoking mirrors and failing enterprises. Many top executives had departed the Trump Organization, and those who remained often whispered and worried about the pending doom.

Trump’s business financial failure was a closely held secret until this past weekend, when The New York Times published portions of Mr. Trump’s 1995 tax records that showed massive business losses of $916 million in 1995.

For a single businessman to declare losses approaching $1 billion is the ultimate in business failure. One thing is clear – Mr. Trump at the helm of his business empire since the 1980s led to its nearly imploding. Trump’s self-proclaimed business acumen proves to be yet another scam by the master snake oil salesman.

Donald Trump, the Republican nominee for president, likes to portray himself now as a self-made man who began life with what he has characterized as a meager $1 million advance from his father. That figure is grossly understated as is the support his father provided him over the years.

But even in his darkest moment, Trump continues to lean on his daddy’s wealth, this time to ride out his personal financial failure.

Trump is a master showman and con-artist. He has scammed his way to the nominee of one of America’s two political parties by playing on the fears and hatred of some and now he is just a victory away from the White House.

One question remains… will he be exposed as the con-artist he is or will he con his way into the White House?




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