In 1995, after years of losses, Donald Trump reported a negative adjusted gross income of $915.7 million. That gave him a tax deduction so substantial it could have allowed him to avoid federal income taxes for almost 2 decades: https://t.co/FREM0Sj7ix pic.twitter.com/zloWtkJR50— The New York Times (@nytimes) May 8, 2019
The Guardian: Trump tax printouts show more than $1bn in business losses over a decade – report
New York Times found that Trump’s core businesses, including casinos, hotels and apartments, lost $1.17bn from 1985 to 1994
Donald Trump’s businesses lost a total of more than $1bn from 1985 to 1994, enabling him to avoid paying income taxes for eight of the 10 years, the New York Times reported on Tuesday.
The newspaper, which said it obtained printouts from Trump’s official Internal Revenue Service tax transcripts, found that Trump’s core businesses, including casinos, hotels and apartment buildings, lost $1.17bn over a decade.
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WNU Editor: President Trump's business difficulties 20 - 30 years ago are well known, including being in debt to the tune of hundreds of millions of dollars. So why is this a big story now? You tell me. On a side note, there is a remark that he made during this time that I have always remembered. When he started to recover in the 1990s he remarked that when everything was going well, everyone wanted to be with him. But when everything collapsed and he started to ask these same people for help, only two out of a few hundred answered his call. He never mentioned who those two individuals are, but I suspect that if they are still alive today, they would be his most trusted friends.
More News On President Trump's Tax Returns Between 1985 - 1994
Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses -- The New York Times
Trump defends tax tactics after NYT probe says he racked up more than $1 billion in losses: ‘It was sport’ -- CNBC
Tax returns reveal Trump lost over $1 billion in business deals, making him one of the biggest financial losers in the U.S.: report -- New York Daily News
Trump tax returns reveal over $1bn in losses and that he paid no income taxes for eight years, report says -- The Independent
Donald Trump blames 'write offs' and 'depreciation' for $1 billion in business losses -- USA Today
