Washington – NY Times: Trump Lost More Than $1 Billion From 1985 To 1994

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    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.


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    9 Comments
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    yamsar
    yamsar
    4 years ago

    Unbelievable! Now Usher Glauber is running for President. Look it up alt-yidden.

    4 years ago

    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

    lazy-boy
    Active Member
    lazy-boy
    4 years ago

    can the NYT say anything good about Trump?

    Sol-Sol
    Sol-Sol
    4 years ago

    He made back and will still make much much more than he ever lost.

    eli845
    eli845
    4 years ago

    And? Big woop. Let’s watch the jump for joy. So dumb

    yosher
    yosher
    4 years ago

    Those losses undoubtedly include depreciation, a legitimate deductible loss.

    Phineas
    Phineas
    4 years ago

    Taking losses on tax filings is not necessarily the same as losing money. This doesn’t really tell us much.

    PaulinSaudi
    PaulinSaudi
    4 years ago

    This information will all come out in time. President Trump cannot hide from History.

    BillyBeinu
    BillyBeinu
    4 years ago

    Compared to Riechmann he did pretty well during that time-frame…