- Mar 14, 2019
- Reaction score
- Political Leaning
Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses - The New York Times
Looks like Trump was America's biggest loser, but more troubling is the abnormal income stream over the years. And this is before he basically became just a licensing business and reality TV personality. His current financials must be analyzed for conflicts of interest.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. Though the information does not cover the tax years at the center of an escalating battle between the Trump administration and Congress, it traces the most tumultuous chapter in a long business career — an era of fevered acquisition and spectacular collapse.
The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.