The real takeaway from this is that Donald Trump is poor. He’s a failure as a businessman, he’s not only broke, he’s $400 million in the hole, and that debt is probably due to some shady Russian government-scale kneecap-breaking shady loan shark. The fact that it’s unfair doesn’t matter to Trump’s base, and this is why the Democrats crying about how little he paid (“$750! Oh the shame!”) are missing the mark. This isn’t a big deal to them. They already believe that taxes are unfair, and are proud of Dear Leader for evading them.
But it is reasonably clear that at least some of his ventures were profitable–the main Trump Tower in Manhattan reportedly has generated positive income for a long time, he got a ton of income from the apprentice, etc. Thanks for posting this. My understanding of the American tax process is nonexistent. I understand that is a bureaucratic nightmare made for those who cannot afford to get around it, and that the released numbers are ludicrous, even if ultimately “legal”.