Trump Dodged Taxes 8 Out Of 10 Years ~ New York Times
In a repot published on Tuesday, Donald Trump was exposed as a failed businessman – despite using his business career as a political crutch during his presidential campaign.
The Times obtained a decade of Trump tax documents that show the president lost over $1 billion on “troubled business deals” from 1985 to 1994 – “far bleaker” than was previously recognized.
As the report notes, “The data — printouts from Mr. Trump’s official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and most detailed look to date at the president’s taxes, information he has kept from public view.”
The New York Times points out that while the documents “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 information shows that Trump lost so much money over that decade-long period that he was able to avoid paying taxes eight out of ten years.