Trump, who raked in billions last year, took out a $59 million loan from Chuckie Schwab last year.
Nobody knows why and it's a resaonable bet that if there is a repayment coupon book, the first one is due in 2046 on his birthday. Because everything surrounding Trump is rotten.
For instance, the government contract on his "this won't cost the taxpayers a cent" ballroom went out on a no-bid basis to his cronies. There is just so much sleaze surrounding this guy. It's amazing how Republicans support this crook, to the point that as far as I'm concerned, if someone supports tRump, everyone around those people should secure their wallets.
“I Don’t Think About You At All”
4 hours ago
1 comment:
How do the ultra-rich avoid paying income taxes? By getting low-interest loans. Let's say I'm a billionaire, and I want to live a lavish $50m lifestyle this year. I could earn it, or live off my interest, but that would count as income. Instead, I borrow it, using my wealth as collateral. Sure, I have to pay some interest, but because I technically lost money this year (because of the borrowing), I'll get a tax break that'll more than cover costs.
It's good to be rich.
Post a Comment