Donald Trump’s businesses lost more than a billion dollars from 1985 to 1994, according to tax information acquired by the New York Times.
By Associated Press Reporters
May 8 2019 7:37 AM
Donald Trump’s businesses lost more than a billion dollars from 1985 to 1994, according to tax information acquired by the New York Times.
The newspaper said it had acquired printouts from the future president’s official tax transcripts, including figures from his federal tax form.
It said Mr Trump reported business losses of 46.1 million dollars (£35.3 million) in 1985, and a total of 1.17 billion dollars (£900 million) for the 10-year period.
Exclusive: The New York Times has obtained a decade of Donald Trump’s tax figures. They show over $1 billion in business losses from 1985 to 1994. https://t.co/GDiZIBuJS3
After comparing his information with that of other “high-income earners”, the Times concluded that Mr Trump “appears to have lost more money than nearly any other individual American taxpayer”.
Because of his business losses, the newspaper reported, Mr Trump did not pay income tax for eight of the 10 years.
The House Ways and Means Committee has asked the Internal Revenue Service to provide Mr Trump’s personal and business returns for 2013 to 2018.
