Donald Trump’s political operation is reeling after spending around $60 million on legal fees pertaining to the four criminal indictments and various ongoing civil lawsuits against him.
Disclosures indicate that Trump’s campaign and the various political action committees supporting it blew through tens of millions of dollars in 2023, leaving him cash-strapped heading into 2024.
Save America PAC, Trump’s primary PAC heading into his likely rematch with President Joe Biden, once had over $100 million in the bank. Now, it has just a little over $5 million left after spending over $25 million on legal bills in the second half of last year alone.
Looking forward to seeing exactly what that real estate is actually worth when he’s forced to divest and pay the judgements against him.
It’s the worst time to sell as well, with high interest rates and nobody wanting to be associated with anything Trump.
The New York properties will definitely sell if it comes to that, no problem. 3 desirable towers of luxury apartments in NYC would be worth a ton.
Even if they have to gut the whole damned thing, the superstructure alone is probably worth the money.
deleted by creator
Sure. But only a portion of that loss equal to the tax rate. I don’t know what that rate is, but it it’s 30% then he’s eating 70% of the loss.
People keep throwing these accounting rules around as if they make losses not matter at all. They do.
deleted by creator
Lol, that’s not how any of this works
How can he pay less than zero?
It can carry over for several years