It's because they believe(d) he can(could) tear the whole thing down, so they can rebuild a theocratic empire on its ashes.

I was listening to Ian Masters' Background Briefing from sometime in the past few days, and he had some lady on who said it. She was speaking about the idiotic ruling from FLA on the mask mandate, then pointed out that this judge was one on the approved list from the Council for National Policy. Apparently Trump agreed only to appoint judges from this list, among other concessions, in order to gain evangelical support. And then she said, they want to tear down all American institutions, so they can install a theocracy instead. It finally all made sense.

This is terrifying to me. I was brutalized by evangelical fundamentalist religion growing up, and am still severely impeded by the trauma in my adult life. I would much rather live in a world where every lunatic open carries a fully automatic submachine gun than live in a theocracy.

I was recently informed about the Council for National Policy. They're a force for evil. A highly effective force, that his been working mostly in secret since at least the 80's to turn America into a Spanish inquisitors pipe dream.

This still doesn't quite explain why middle class Baptist Jane would vote for Trump, I guess maybe racial fear? Paternalistic conditioning?

I try to be solutions focussed generally speaking, but I don't see one right now, sadly. I aim to start looking and thinking..

So what I want to know is whether or not this is that unusual for someone in real estate.

The discussion on r/politics is myopic and the discussion on /r/tax lacks detail.

From the NYT article:

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

Trump's statement/tweet:

“You always wanted to show losses for tax purposes....almost all real estate developers did – and often re-negotiate with banks, it was sport,

Now my very limited understanding of real estate and taxes is this:

• You can depreciate the building but not the land
• Depreciation can be carried over multiple years
• When you sell property you can roll those proceeds into the purchase of another property, thus delaying income tax

Are those accurate? If so, do they explain Trump's taxes?

I'm thinking not (I suspect Russian money laundering is the real source of income). However, I have yet to read a good discussion of the specifics. Has anyone read such a discussion or have insight to add?

Main story from NYT:
https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html?action=click&module=Top%20Stories&pgtype=Homepage

CNBC's article about Trump's response:
https://www.cnbc.com/2019/05/08/trump-defends-tax-tactics-after-nyt-story-says-he-racked-up-more-than-1-billion-in-losses-it-was-sport.html

EDIT: As an aside, I got into a wee bit of trouble because my wife's (very) small business lost money three years running. The accountant that I worked with informed me that if a business losses $ three years in a row, the IRS considers it a "hobby" and you can't subtract those losses from your personal taxes. Is that in play with Trump at all? If not, why not?

EDIT2: I'm going to answer my own question I think. I heard a good segment on NPR yesterday that addressed my question. You can read the transcript here: https://www.npr.org/2019/05/08/721552462/president-trump-defends-himself-against-report-he-did-not-pay-taxes-for-8-years

The bottom line is it's not so unusual but it doesn't exclude the possibility of him running his businesses poorly either. So I think it's not really what the headlines have made it out to be.