President Donald Trump’s tax filings from 1985 to 1994 show that he had accumulated more than a billion dollars in business losses over the course of the decade, according to newly revealed tax information obtained Tuesday by The New York Times. In the 10-year stretch, Trump racked up nearly $1.2 billion in core business losses, according to the Times’ analysis of the president’s federal income tax information from those years. The loss paints what the Times called a bleak picture of Trump’s businesses, which he has always touted as successful. The news comes as the president continues to feud with House Democrats over the release of his federal tax returns from 2013 to 2018. The Times did get printouts from Trump’s official Internal Revenue Service tax transcripts, with his 1040 federal tax form figures, from a source who had legal access to them.

Source: Huffington Post May 07, 2019 23:28 UTC