Trump’s businesses reportedly lost more than $250 million in 1990 and again in 1991. Between 1985 and 1994, the then-businessman reported roughly $1.17 billion in losses.
Newly obtained tax documents reveal President Donald Trump’s businesses lost more than $1 billion between 1985 and 1994, an amount so large that he able to avoid paying income tax for eight of those years, according to The New York Times.
Trump’s negative gross income across that decade were so high it enabled him to avoid paying income tax for eight of those years. Charles J. Harder told the newspaper on Saturday that the tax information they compiled was “demonstrably false.” The statements “about the president’s tax returns and business from 30 years ago are highly inaccurate,” he added, without explaining which figures in particular he believed to be erroneous.
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