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Trump appears to have paid no taxes for two years in early 1990s

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Trump appears to have paid no taxes for two years in early 1990s

‘Welcome to the real estate business,’ the presumptive Republican nominee tells POLITICO.
By SHANE GOLDMACHER 06/17/16 02:19 PM EDT

Billionaire businessman Donald Trump appears to have paid zero, or near-zero, in personal income taxes in at least two more years in the early 1990s, according to records from New Jersey’s gambling authorities reviewed by POLITICO.

Trump’s avoidance of income taxes as described in the documents was not illegal but the result of significant losses his hotel and casino holdings sustained during an economic downtown.

“Welcome to the real estate business,” Trump said in an email, responding via his spokeswoman, when asked about not paying income taxes in the early 1990s.
Trump’s lifestyle didn’t suffer terribly during the era. But his creditors did force him to live within an allowance — of $450,000 per month.

Read more: http://www.politico.com/story/2016/06/donald-trump-no-taxes-224498#ixzz4BrbIeufP




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