.@AlanMCole $916M is the figure that existed (not *taken*) in 1995; likely accumulated over multiple years.
All Net Operating Losses in 1995: $49.331 billion.
NOL taken by @realDonaldTrump in 1995: $916 million.
Trump was 1.9% of the US total.
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@AndyGrewal yeah, "taken" isn't the right word. But the comparison is apples-to-apples; $49b is the total NOL for individuals in 1995. -
@AlanMCole That existed, or were claimed as deductions? -
@AndyGrewal that existed. -
@AlanMCole cool. Do you have figures on corporate NOLs existing? -
@AndyGrewal I don't immediately know where to find the corporate data, but I assume it would be much larger. -
@AlanMCole Yeah, I would think comparing similar sized business enterprises (regardless of tax form) would be apples-to-apples.
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@AlanMCole@realDonaldTrump what is your source for the total NOL in 1995?? -
@StephenWHudson1@realDonaldTrump https://www.irs.gov/uac/soi-tax-stats-individual-statistical-tables-by-size-of-adjusted-gross-income … All Returns: Sources of Income, Year 1995 -
@AlanMCole@realDonaldTrump much appreciated!
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@AlanMCole The average NOL was 97,627.@realDonaldTrump NOL was almost 10,000 times as big. -
@AlanMCole@NICKinNOVA@realDonaldTrump I can see Trump learning of this and having a Clark Griswold moment. "(Proudly) 1.9% of it ALL." -
@AlanMCole@TomLevenson@realDonaldTrump Holy crap. That’s incredible. -
@AlanMCole had to be the single biggest loser that year -
@AlanMCole And then his business evolved to its current successful model of scamming people and peddling his fake name. -
@AlanMCole@johndburger@realDonaldTrump and you say he's a member of the 1%. -
@AlanMCole "that makes@realDonaldTrump smart" -
@AlanMCole@realDonaldTrump Looking likely that Trump was the *least* successful businessman in the United States in 1995. -
@AlanMCole Were those actual personal losses to Trump??? How can it be that losses can be carried forward so many years and not capped? -
@AlanMCole@nycjim@realDonaldTrump Do Americans really think Trump will close the tax loopholes that he has benefited from?
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