Trump Tax Records Reveal Over $1 Billion in Business Losses, 'New York Times' Reports

Credit: Wibbitz Top Stories
Published on May 8, 2019 - Duration: 01:32s

Trump Tax Records Reveal Over $1 Billion in Business Losses, 'New York Times' Reports

Trump Tax Records Reveal Over $1 Billion in Business Losses, 'New York Times' Reports The ‘New York Times’ has obtained Trump’s past tax data by matching his return information to results in the I.R.S.’s public database.

Between 1985 and 1994, Trump reported losses totaling $1.17 billion.

He avoided paying income taxes for eight of those ten years.

His casinos, hotels and retail spaces were the biggest factor in his losses, negating any profits made through other ventures.

His losses in 1990 and 1991 were higher than any other taxpayer, with more than $250 million lost each year.

Trump's biggest loss came in 1995 when he claimed a negative gross income of $915.7 million.

Trump's lawyers have denied the accuracy of the found information, claiming them to be “demonstrably false.” Charles J.

Harder, via ‘New York Times’ While these findings don’t answer the current questions surrounding Trump’s financial situation, they do delegitimize his claims of being a “self-made billionaire” and provide a detailed glimpse into his proclaimed "financial success."


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