Donald Trump had losses of $1.17 billion over a decade

Newspaper Trump lost more than $1 billion from 1985 to 1994

Now they're back with another document-based investigation that is even more devastating to Trump's facade of competency, focusing on his rise in the 1980s and 1990s. "In fact, year after year, Trump appears to have lost more money than almost any other individual American taxpayer, The Times found when it compared his results with detailed information the IRS compiles on an annual sampling of high-income earners".

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. "So, in a very real way, the Trump tax cuts are vindicated by The New York Times story". "That is why the president has always scoffed at the tax system and said you need to change the tax laws". The worst two years of the period were 1990 and 1991, with $517.6 million in combined losses. Trump sold himself to voters as a master deal maker, who could bring the same success to the country as he did to his businesses. "We need to know now".

There was another noteworthy finding in Trump's taxes.

The Times has previously reported on parts of Trump's tax returns from his 1995 filings after receiving some of the pages in the mail.

This is the dumbest time in human history. A crucial detail is that Trump reported his business income as "pass through" - a category that passes a business' gains or losses on as personal income gains or losses to the owner, rather than taxing them separately under the corporate income tax.

Rashid And Nabi's Sunrisers Qualify For Playoffs In IPL
Batsmen: Rohit Sharma found form in the last match against Kolkata Knight Riders and should be in the side. Mumbai Indians have beaten Chennai Super Kings for the third time in three meetings this season.

For eight of those ten years, Trump avoided paying income taxes entirely. "He dominated the real estate, commercial real estate in NY for a generation".

Hell, in 2015, one of Trump's businesses admitted to financial fraud and paid what was, at the time, the largest fine ever to a casino for violating "long standing anti-money laundering violations".

That's what makes him so uniquely American.

The White House has also responded to the Times' report in multiple statements, which Buettner and Craig characterize as having "shifted over time".

"So if he made an investment, let's say, bought a hotel for $200 million and he had to get rid of it and he had to pay off the debt that he used to acquire the hotel and it can only sell it for $50 million, he can take that $150 million loss and spread it out against other income coming to him", he said, adding that "he would be insane not to do that". Given that his very real success is built upon a bedrock of vast financial fraud bequeathed unto him by his father, Trump is simultaneously capitalism's biggest victor and biggest loser of all time.

Related News:

Most liked

At least 2 handguns used in school shooting near Columbine
The school did not have a School Resource Officer assigned to the building, but it did have private security, Spurlock said. Police are investigating a shooting with multiple victims at STEM School Highland Ranch near Denver , local officials say.

Tencent Suspends Blockbuster Video Game 'PlayerUnknown's Battlegrounds' in China
In response, the replacement, Game for Peace , has been given a socialist makeover to meet the strict government regulations. Tencent's shares were up by as much as 3.7 percent, their biggest intraday climb in about two months.

Asia Bibi leaves Pakistan
Bibi's case brought worldwide attention to Pakistan's controversial blasphemy law, which carries an automatic death penalty. Pakistani TV channels Geo and ARY, citing unidentified sources, also reported Bibi had left the country.

Why organizing Uber and Lyft drivers is a big challenge
Drivers in some cities plan to disconnect for 24 hours , while in other cities drivers are striking for only a couple of hours. Drivers often work part time and, sometimes, for a variety of ride-hailing and delivery services.

China's backtracking on trade commitments triggered United States tariff hike
Apparently, China decided that it didn't want to sign any public commitment to curtail its authority in commerce and trade. " China has just informed us that they (Vice-Premier) are now coming to the make a deal ", he continued .

Kompany vows to continue playing despite uncertainty over City future
Two such historic campaigns at the same time is extraordinary, but the nature of the duel has also been remarkable. That's the only one we really want, but it's not the only way the Blues could be crowned champions.

Germany suggests fines on parents declining children's measles vaccination
Pennsylvania is the most recent state to be hit by the outbreak, after the CDC reported cases in 22 states last week. Measles is highly contagious, requiring a herd immunity rate of about 95 percent.

US Secretary of State Pompeo visits Iraq amid Iran tensions
The State Department did not specify the objective of Pompeo's trip to Iraq, but it comes one day after the U.S. The visit to Iraq came after Pompeo canceled a planned visit to Berlin, citing "international security issues".

Deadly bomb blast at Sufi shrine in Lahore
The injured were shifted to the Mayo Hospital in Lahore . "The rescue operation at the site of the blast has been completed". Police out up checkpoints on main thoroughfares leading to the shrine and hospitals were placed on alert, officials said.

'Welcome to the sleep deprivation society!': William’s advice to new dad Harry
Prince William has welcomed his younger brother to the "sleep deprivation society that is parenting". Others believe Meghan could choose a name that reflects her American biracial heritage.

Android Q leaks early, features system-wide dark mode and more
The new dark mode may also come with an option to automatically force dark mode on apps that do not have a dark mode, too. A full dark mode means that you'll get more than just a dark portion of the notification settings shade and app drawer.

The first privately funded mission to the moon begins its loooong journey
Currently, the United States, former Soviet Union, and China have been the only ones to successfully land on the moon's surface. But the group behind SpaceIL chose to continue its mission, turning to donors to help fund the barebones operation.

One ring phone scams on the rise
In some reported cases, the scammers allow more than one ring and leave urgent messages asking you to return the call. "News reports have indicated widespread overnight calling in New York State and Arizona", the FCC release says.

Mueller Should Not Testify
House judiciary committee chair Jerry Nadler said late Monday he and staff members will meet with department officials. Right now, he's tentatively set to testify about his investigation before the House Judiciary Committee on May 15.

Trump Pardons Michael Behenna, Former Soldier Convicted Of Killing Iraqi Prisoner
His sentence was eventually reduced to 15 years, and he was given a parole in 2014, which was scheduled to last until 2024. Mr Behenna said Mansur lunged for his weapon and he shot him in self-defence, according to testimony from his 2009 trial.