New York – The New York Times reported Tuesday that Donald Trump’s businesses lost more than $1 billion from 1985 to 1994, based on tax information the newspaper acquired.
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The Times said it has acquired printouts from the future president’s official IRS tax transcripts, including figures from his federal tax form.
The newspaper said Trump reported business losses of $46.1 million in 1985, and a total of $1.17 billion in losses for the 10-year period.
After comparing Trump’s information with that of other “high-income earners,” the Times concluded that Trump “appears to have lost more money than nearly any other individual American taxpayer.” Because of his business losses, the newspaper reported, Trump did not pay income taxes for eight of the 10 years.
The House Ways and Means Committee has asked the IRS to provide Trump’s personal and business returns for 2013 through 2018. Treasury Secretary Steven Mnuchin on Monday refused to do so, saying the panel’s request “lacks a legitimate legislative purpose.”
Mnuchin’s move, which had been expected, is likely to set a legal battle into motion. The chief options available to Democrats are to subpoena the IRS for the returns or to file a lawsuit.
Trump is the first president since Watergate to decline to make his tax returns public.
Unbelievable! Now Usher Glauber is running for President. Look it up alt-yidden.
Yes Trump said he paid the least taxes possible. This is the name of the game in real estate. He personally still had whatever riches he wanted. So yes he was rich not didn’t pay taxes. We know this . Now what?
This is why we won’t release the returns. You dummies are too crazy to realize yes this is our systen
can the NYT say anything good about Trump?
He made back and will still make much much more than he ever lost.
And? Big woop. Let’s watch the jump for joy. So dumb
Those losses undoubtedly include depreciation, a legitimate deductible loss.
Taking losses on tax filings is not necessarily the same as losing money. This doesn’t really tell us much.
This information will all come out in time. President Trump cannot hide from History.
Compared to Riechmann he did pretty well during that time-frame…