When stories deal with big numbers, it’s sometimes hard to really get a perspective on what they mean. To that end, this little calculation from Alan Cole of the Tax Foundation really helps you understand the mind-blowing scale of Donald Trump’s loss reported on his 1995 income taxes:
All Net Operating Losses in 1995: $49.331 billion.
— Alan Cole (@AlanMCole) October 3, 2016
NOL taken by @realDonaldTrump in 1995: $916 million.
Trump was 1.9% of the US total.
There were 266 million Americans alive in 1995, so for a single person to represent 1.9 percent of this form of business losses is fairly extraordinary.
