Today, Amy and Jon break down the Trump taxes story and the terms involved, to provide a better understanding and context of the story. This isn't meant to be a partisan discussion, only an explanation of the situation.
We define net worth and depreciation.
We examine the inconsistencies between what Trump has claimed and what the tax documents show.
We explain the debt that President Trump has coming due, and what the concerns are around a possible second term.
More information:
Investopedia definition for Net Worth: https://www.investopedia.com/terms/n/networth.asp
Investopedia definition for Depreciation: https://www.investopedia.com/terms/d/depreciation.asp
Just Security's 10 Takeaways from the Trump Tax story: https://www.justsecurity.org/72604/ten-quick-takeaways-from-the-new-york-times-bombshell-article-on-trumps-tax-returns/?fbclid=IwAR1SAf8REsKT8piX8CYxNwPxWaWkwSVCOrrLy80-rr9ne3wkkOrHF0lVfZs
Thimbleberry Financial Website: https://thimbleberryfinancial.com/
Call or text Thimbleberry Financial at 503-610-6510