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Trump misled about D.C. hotel finances, House panel says
nbcnews.com ^ | October 8, 2021 | Rebecca Shabad

Posted on 10/08/2021 12:38:43 PM PDT by lowbridge

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To: lowbridge
... Trump reported his hotel in downtown D.C. brought in $150 million in income while he served in the White House, but the hotel actually incurred more than $70 million in losses.

Ahhhhh, so what's the controversy here?

Trump paid too much in taxes? Is that the story?

41 posted on 10/08/2021 2:07:57 PM PDT by TigersEye (Resistance is not futile!)
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To: Vermont Lt; All

Yup. Remember when Obama referred to “profit” as an “expense.” These clowns also refer to those persons with significant income as “rich,” not knowing the difference between revenues and assets.


42 posted on 10/08/2021 3:17:18 PM PDT by Cobra64 (Common sense isn’t common anymore.)
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To: lowbridge

Income is NOT profit and loss. Idiots.


43 posted on 10/08/2021 3:19:24 PM PDT by Fledermaus (I'll wear a mask when Dr. Fraudchi shuts the hell up.)
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To: lowbridge; All

It’s interesting to hear the same lawmakers looking into a private individual’s finances when they are themselves continuing to bankrupt the country with their $23 trillion debt and proposing a $480 deficit this year to keep the doors open.


44 posted on 10/08/2021 3:20:51 PM PDT by Cobra64 (Common sense isn’t common anymore.)
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To: lowbridge

Go sit with your CPA & get a lesson in accounting.

He could have easily had high income with TAX losses.

INVESTMENT in the remodeling the building was not cheap & depreciation could have created the losses.


45 posted on 10/08/2021 4:55:46 PM PDT by ridesthemiles ( )
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What I get from this is they want to take away the hotel and any chances that President Trump might win again. He is leasing that land from the federal government, correct?


46 posted on 10/08/2021 5:53:37 PM PDT by tinamina
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