Trump tax records show $1 billion in business losses over a decade — which enabled him to avoid 8 years of income tax
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 was 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 was so high it enabled him to avoid paying income tax for eight of those years. Trump lawyer Charles Harder told the newspaper on Saturday that the tax information it compiled was “demonstrably false.” The statements “about the president’s tax returns and business from 30 years ago are highly inaccurate,” he added, without saying which figures in particular were in his opinion erroneous.
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