Msg. 50275 of 65535 (This msg. is a reply to
50273 by
clo)
Jump:
In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.
Over all,
Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years.
It is not known whether the I.R.S. later required changes after audits.
BREAKING NEWS
The Times has obtained a decade of Donald Trump’s tax figures. They show over $1 billion in business losses from 1985 to 1994.
Tuesday, May 7, 2019 7:00 PM EST
Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. But the newly obtained information paints a different, and far bleaker, picture of his deal-making abilities and financial condition.
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