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.
President Trump at the first anniversary celebration of First Lady Melania Trump's Be Best campaign on May 7 at the White House.
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.it had acquired printouts from the future president’s official IRS tax transcripts, including figures from his federal tax forms.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.
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