Donald Trump is America's poorest billionaire
Rick Newman
Rick Newman
December 22, 2022, 3:34 pm
Former President Donald Trump loses vast amounts of money. Yet he lives a gilded lifestyle and never runs short of the cash needed to pay lawyers perpetually defending him against charges large and small. How does he do it?
We’re gradually finding out, now that Congress has obtained six years’ of Trump’s tax returns from the IRS. Democrats investigating Trump’s finances haven’t yet released the full returns, but they’ve published two reports that provide an overview of Trump’s income and reveal how he keeps his tax bill remarkably low. Ordinary taxpayers might feel infuriated. Or envious.
From 2015 through 2020, Trump declared a positive income in two years and a negative income in four years. His losses heavily outweigh his gains. For the six years in total, Trump reported $52.6 million in negative income, or, in other words, $52.6 million in losses.
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The reason I think it's time to move away from Trump isn't because I don't like him or that I think he did a bad job. In fact, Trump was great president. The economy was booming. Immigration was under control. There were no wars. Our enemies feared us again.
However, I'm tired of the me me me talk from Trump. But more than that he supported some pretty radical candidates for congress that lost.
Former President Trump on Thursday took swipes at a slew of possible 2024 GOP rivals, calling his former U.N. Ambassador Nikki Haley “overly ambitious” and accusing Florida Gov. Ron DeSantis and Virginia Gov. Glenn Youngkin of being ungrateful.
Trump spoke for a half hour with conservative radio host Hugh Hewitt, addressing some of his potential challengers for the Republican presidential nomination and refusing to commit to endorsing the party’s eventual nominee.
Donald Trump and golf: Fancy resorts, A-List partners, cheating at highest level
Donald Trump has a long (creative) history with golf. He owns fancy resorts and lavish courses around the world. He has played with the biggest names. And he's received endorsements from some of the most well-known golfers in the world. Even besides himself.
But above all, the former president's dubious claims on the course have become legendary, and were the subject of a 2019 book by sportswriter Rick Reilly: Commander in Cheat
"Trump doesn’t just cheat at golf," Riley wrote. "He throws it, boots it, and moves it. He lies about his lies. He fudges and foozles and fluffs. At Winged Foot, where Trump is a member, the caddies got so used to seeing him kick his ball back onto the fairway they came up with a nickname for him: 'Pele.'”
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