On the 72.9 Million tax refund...
According to the Times, the refund—and sit down because this is probably going to come as a shock— may not have been entirely above board. That’s because when Trump applied for it, he cited a huge financial loss that appears to be related to the failure of his Atlantic City casinos, which he publicly walked away from after a dispute with his bondholders, ...
claiming that his partnerships interest were “worthless and lack potential to regain value.” Federal law states that investors can declare a total loss on an investment, as Trump did, but if an only if they receive absolutely nothing in return. And in the case of Trump, he did get something: 5 percent of the new casino that was created after he dumped his stake.