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Political Shocker: Trump's 1995 Tax Returns Reveal $916 Million Loss in Comics Speculation Market

Written by Jude Terror on Monday, October 03 2016 and posted in News with Benefits

Political Shocker: Trump's 1995 Tax Returns Reveal 6 Million Loss in Comics Speculation Market

Thanks to buying in big on the early 90s comic book speculation boom, the Republican presidential candidate may have avoided paying taxes for years.


Source: NY Times

A report from the New York Times this weekend shed light on the mysterious subject of Republican presidential candidate Donald Trump's tax returns, showing that the businessman reported a loss of $916 million in 1995, a number which could have prevented him from paying taxes for years to come. The report comes on the heels of Trump's refusal to release his current tax returns, citing a routine audit by the IRS, even though the IRS has said that a routine audit shouldn't prevent him from releasing his tax returns. The Clinton campaign seized on the Times report Saturday, hoping to score points against their opponent in the upcoming battle, calling it a "bombshell report" that "reveals the colossal nature of Donald Trump's past business failures and just how long he may have avoided paying any federal income taxes whatsoever."

But while most political pundits have focused on the effect the new information will have on the presidential race, nobody has talked about just what it was that caused Trump to lose so much money in 1995. Luckily, TheOuthousers.com, the world's only reliable media source, can EXXXCLUSIVELY confirm that the vast majority of Trump's losses were a result of the collapse of the comic book speculation market, into which Trump bought in big during the late eighties and early 1990s.

"Trump's assets in 1995 included over 300,000 copies of Jim Lee's X-Men #1, 500,000 copies of Rob Liefeld's X-Force #1, 80,000 copies of Batman #500, in which Azrael takes over as the new Batman, over 1,000,000 black polybagged issues of The Death of Superman, and another 1,000,000 polybagged copies of The Return of Superman, amongst various other heavily gimmick-driven comic book milestones that were at one time believed to be a solid investment strategy," once source told The Outhouse. "Trump's holdings reportedly also included 10,000 copies each of the first ten issues of the first Lobo ongoing from DC Comics, with Trump at the time calling Lobo 'a hell of a character.'"

Like most gullible comic book speculators in the early nineties, Trump reportedly believed that, since ultra-rare first issues and first appearances of important comic book characters from the 1960s had grown in value due to their scarcity, purchasing a new wave of #1 issues and "collectible moments" from at-that-time current comics would follow the same model, neglecting to realize that, if everyone kept the comics, they would no longer be scarce, and thus, hold no value. Comic book publishers Marvel and DC, the Donald Trumps of the publishing world, eagerly fed into the scam, releasing more and more new #1 issues, bolstered by increasingly ridiculous incentives like hologram trading cards, foil-embossed covers, and sealed polybags. The carny hucksterism and rampant greed of the comics business was right up Trump's alley, leading to the nearly billion dollar loss when the market came crashing down.

Still, Trump supporters argue, 1995 was a different time, and the candidate has had many years of "really really great" business success since then, which we would all be able to see, if only the IRS would let him release his tax returns. Besides, they argue, everyone learned their lesson from the 90s comics speculation bubble, and no one would be stupid enough to engage in such insane financial practices twenty years later.

...

On your way to the polls this November, be sure to stop by your local comic book store and check out all the new number one issues and gimmick-driven super-mega-crossover event cash grabs from Marvel and DC Comics that have been released in the last few months. There's even a new 1:1000 incentive variant Venom #1 cover by superstar artist Todd McFarlane in the works, or so we hear. That's gonna be worth a million bucks one day.





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About the Author - Jude Terror


Jude Terror is the Webmaster Supreme of The Outhouse and a sarcastic ace reporter dedicated to delivering irreverent comics and entertainment news to The Outhouse's dozens of loyal readers. Driven by a quest for vengeance, Jude Terror taught himself to program and joined The Outhouse. He instantly began working toward his goal of forcing the internet comics community to take itself less seriously and failing miserably. A certified trash eater ruining the pristine field of comics journalism with his sarcasm and goofiness, Jude Terror is secretly friendly and congenial, so if you've got a complaint, why not just bring it up to him instead of subtweeting like a jackass, jackass? You can find him on Twitter or try your luck with an email, but keep in mind that he is notoriously unreliable and may not get back to you right away. Unless you want to send him free stuff, in which case he'll get back to you immediately.


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