Trump has long presented himself as the consummate wheeler-dealer but his tax records tell a quite different story, one whose end might be just around the corner. The revenue he generated from The Apprentice is declining fast and a move he made a few years ago could see him face the same potential financial ruin as he did in the 90s.
In 2012, the real estate mogul took out a $100 million mortgage on the commercial space in Trump Tower, a loan that his records indicate, has not seen a cent paid back. In 2022, the creditors will be expecting the return of the full amount and if his ongoing dispute with the IRS doesn’t go his way, he could see himself facing a considerable bill.
He won’t just be getting a knock on the door asking for the $100 million (with interest) back in the next two years, his records indicate that he is responsible for loans totaling a staggering $421 million, most of which are due to be repaid in the next four years. So, if he is re-elected there is a distinct possibility that he could be the first U.S. president to lose everything while still sitting in the Oval Office.
