Now that Pres. Donald Trump’s tax returns have reportedly been acquired by The New York Times, a tsunami of trouble appears to be heading his way.
With over 20 years worth of Trump’s IRS documents, a number of confidential details are coming out into the open.
Among them are claims that Trump is nearly $1.1 billion in debt. Which is not the primary issue in and of itself.
A real problem is the claim he is using the United States Treasury as a kind of salve for his deep financial wounds. This alleged in a new op-ed piece by Truthout.org.
That more specifically may be done to stave off looming disaster.
Author Dan Alexander who penned White House, Inc.: How Donald Trump Turned the Presidency into a Business, offered some disturbing details about the president’s debt.
They include a $100 million loan on New York’s Trump Tower due in the next 24 months.
Plus nearly $140 million on his 40 Wall Street property to be paid off within 5 years. In addition to an Avenue of the America’s location with roughly $285 million scheduled for reimbursement by 2022.
Along with a California St. property to the tune of $163 million by late 2021. And with assorted others, Alexander’s total reportedly exceeds $1 billion.
As Truthout.org told
If Trump loses this election, he loses his access to the spigot of federal money he’s using to hose down his inferno of debt, and his personal financial Armageddon is only a few scant years away. If that happens, Trump would have no money to pay the kind of lawyers he will need.
Beyond that, Pres. Trump is reported to be in a vicious legal battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund from a decade ago.
The New York Times report charges him with ‘chronic losses and years of tax avoidance.’ Could there be more to the story?