President Donald Trump’s businesses reported losses of $1.17 billion from 1985 to 1994, The New York Times reported Tuesday, citing information from tax documents from those years.
In 1990 and 1991, Trump’s core business losses were more than $250 million each year — more than double those of the closest taxpayers in those years, the Times reports.
Trump lost so much money that he avoided paying income taxes for eight of the 10 years, according to the newspaper.
The Times previously reported that Trump helped « his parents dodge taxes » in the 1990s, including « instances of outright fraud, » and that he and his siblings helped his parents hide millions of dollars in gifts in a « sham corporation. »
Trump, starting at the age of 3, received at least $413 million in today’s dollars from his father’s real estate empire, the Times previously reported.
