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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDecade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses (MUST-READ)
https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.htmlThe data printouts from Mr. Trumps official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 represents the fullest and most detailed look to date at the presidents taxes, information he has kept from public view. Though the information does not cover the tax years at the center of an escalating battle between the Trump administration and Congress, it traces the most tumultuous chapter in a long business career an era of fevered acquisition and spectacular collapse.
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In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 more than $250 million each year were more than double those of the nearest taxpayers in the I.R.S. information for those years.
Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years. It is not known whether the I.R.S. later required changes after audits.
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UniteFightBack
(8,231 posts)IN THE UNITED STATES"....OMG.
highplainsdem
(48,910 posts)NightWatcher
(39,343 posts)He is the definition of an exploitable asset.
BigmanPigman
(51,567 posts)Did he lie?
Cha
(296,846 posts)prodigious Liar.
librechik
(30,673 posts)wow. Thank you, NYT!
mnmoderatedem
(3,722 posts)the "failing New York Times".
Oh how they are surely loving this.
Best part. Trump cannot deny. This is from the mid 80s to mid 90s. Release those tax returns and prove them wrong trump. Those years are not under audit. No more lame excuses.
nolabear
(41,932 posts)Loser loser loser loser loser loser loser loser.
Loser McLoserface. Losey Losier Losiest.
El Loserino.
LOSER.
phylny
(8,367 posts)Skraxx
(2,967 posts)NT
highplainsdem
(48,910 posts)GoCubsGo
(32,074 posts)Brother Buzz
(36,375 posts)I would not object. Hint, hint....
highplainsdem
(48,910 posts)LibFarmer
(772 posts)and he funded those losses by defrauding depositors of banks whose loans he did not repay and discharged through bankruptcy.
Yo_Mama_Been_Loggin
(107,741 posts)I remember when his daddy had to bail out his casino. Up to that point I bought into the myth of him being some kind of financial genius. With Casinos gambling is rigged in the houses favor. It's pretty hard to lose money unless one is a total idiot.
It's a shame there are still people who believe his B.S.