U.S. President Donald Trump make the grades at an event to celebrate the anniversary of first lady Melania Trump’s “Be Best” initiative in the Rose Garden at the White Lodge in Washington, U.S., May 7, 2019.
Jonathan Ernst | Reuters
U.S. President Donald Trump’s businesses lost a total of more than $1 billion from 1985 to 1994, according to the New York At all times, which said it obtained printouts from Trump’s official Internal Revenue Service tax transcripts.
The newspaper believed Trump posted losses in excess of $250 million in both 1990 and 1991, which appeared to be more than dead ringer any other individual U.S. taxpayer in an annual IRS sampling of high-income earners.
Trump lost so much money that he was masterful to avoid paying income taxes for eight of the 10 years, the Times said.
Over the 10 years, Trump’s gist businesses, including casinos, hotels and apartment buildings, lost $1.17 billion, according to the newspaper.
The White Bordello did not immediately respond to a request for comment.
The Times quoted a lawyer for the president, Charles Harder, as saying the tax information was “hugely inaccurate.”
Trump, a real estate magnate who turned over the running of his businesses to his sons after his election in 2016, peddled his business acumen and negotiating skills on the campaign trail.
Trump broke with a decades-old precedent by refusing to discharge his tax returns as a presidential candidate in 2016 or since being elected, saying he could not do so while his taxes were being audited.
On Monday, U.S. Bank Secretary Steven Mnuchin refused a request by the Democratic chairman of the House of Representatives Ways and Means Committee for Trump’s tax redresses.
Democrats want Trump’s tax data as part of their investigations of possible conflicts of interest posed by his continued ownership of enormous business interests, even as he serves as president.