The New York Times has obtained tax information on Donald Trump showing that his businesses lost $1.17 billion from 1985 to 1994. While Trump continues to refuse to release his tax returns, the Times obtained printouts from his official IRS tax transcripts for a 10-year period ending in 1994. In multiple years during that stretch, Trump appears to have lost more money than nearly any other individual taxpayer in the country. In 1990 and 1991, Trump lost more than $250 million each year—more than double any other individual U.S. taxpayer, according to IRS documents. In eight of the 10 years, Trump paid no federal income taxes.
NYT: Trump’s Tax Records Show He Lost Over $1 Billion Between 1985 and 1994
HeadlineMay 08, 2019