The failed busiesses of Donald Trump

Steven Piersanti, DC Report -Trump cultivates a mythology that he has been tremendously successful in business. The reality is that public records show that six times Trump filed Chapter 11 bankruptcies for his companies. Yes, not once, not twice, but six times! And even in cases where Trump was able to avoid bankruptcy, there were many business failures. For example, “Trump defaulted on the debt of his airline, Trump Shuttle, turning it over to U.S. Airways.”

The full extent of Trump’s failures in business has been largely hidden by this refusal to release his tax returns. But The New York Times was able to obtain tax information from 1985 to 1994 and these records revealed $1.17 billion in business losses in these 10 years alone.

“In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer,” The Times concluded, comparing his losses to publicly available IRS information.

MORE

• His first real estate project resulted in a Justice Department accusation of discrimination against blacks. An agreement was reached between Trump and the DOJ.
• How Trump's businesses are booming with lobbyists, donors and governments
• Trump's Justice Department Says the Emoluments Clause Doesn't Apply to His Hotels 
• Trump has been sued 134 times in federal court already
• Trump involved in 3500 law suits including non payment claims 
•  Trump Gets $25 Million Tax Write-Off For Trump University Settlement