Tuesday, May 7, 2019

Trump's tax returns reveal that he suffered over $1 billion in business losses in a past decade, The New York Times reports. Trump reportedly “lost more money than nearly any other individual American taxpayer” from 1985 to 1994, according to the Times. The numbers show that Trump lost a total of $1.17 billion in the decade. The documents, obtained by The New York Times, have previously been kept from public view.

Since the 2016 presidential campaign, journalists at The Times and elsewhere have been trying to piece together Mr. Trump’s complex and concealed finances. While The Times did not obtain the president’s actual tax returns, it received the information contained in the returns from someone who had legal access to it. The Times was then able to find matching results in the I.R.S. information on top earners — a publicly available database that each year comprises a one-third sampling of those taxpayers, with identifying details removed. It also confirmed significant findings using other public documents, along with confidential Trump family tax and financial records from the newspaper’s 2018 investigation into the origin of the president’s wealth.
https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html

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