Trump had $1 billion in business losses over a decade, didn't pay taxes for 8 years: NYT

David Caplan
May 07, 2019 - 7:51 pm
President Trump

Sipa USA


NEW YORK (1010 WINS) -- Donald Trump racked up about $1.2 billion in losses from his various businesses from 1985 to 1994, according to The New York Times, citing IRS transcripts. 

In 1990 and 1991, Trump’s business losses exceeded $250 million each year, the Times reported. 

According to the documents, he lost so much money during that period, that he avoided paying income tax for eight of the ten years. It is not known whether the I.R.S. later required changes after audits.

And get ready for this: "In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer," the Times reported. 

The report comes as Democrats demand his federal tax returns from 2013 to 2018.

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