Trump tax returns from 1985 to 1994 show $1 billion in losses - New York Times

 

U.S. President Donald Trump attends an event to celebrate the first anniversary of first lady Melania Trump's “Be Best” initiative in the Rose Garden at the White House in Washington, U.S., May 7, 2019. REUTERS/Jonathan Ernst

 

WASHINGTON (Reuters) - U.S. President Donald Trump's businesses lost a total of more than $1 billion from 1985 to 1994, according to the New York Times, which said it obtained printouts from Trump's official Internal Revenue Service tax transcripts.

 

The newspaper said Trump posted losses in excess of $250 million in both 1990 and 1991, which appeared to be more than double any other individual U.S. taxpayer in an annual IRS sampling of high-income earners.

 

Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years, the Times said.

 

Over the 10 years, Trump's core businesses, including casinos, hotels and apartment buildings, lost $1.17 billion, according to the newspaper.

 

The White House did not immediately respond to a request for comment.

 

The Times quoted a lawyer for the president, Charles Harder, as saying the tax information was "highly inaccurate."

 

Trump, a real estate magnate who turned over the running of his businesses to his sons after his election in 2016, touted his business acumen and negotiating skills on the campaign trail.

 

Trump broke with a decades-old precedent by refusing to release his tax returns as a presidential candidate in 2016 or since being elected, saying he could not do so while his taxes were being audited.

 

On Monday, U.S. Treasury Secretary Steven Mnuchin refused a request by the Democratic chairman of the House of Representatives Ways and Means Committee for Trump's tax returns.

 

Democrats want Trump's tax data as part of their investigations of possible conflicts of interest posed by his continued ownership of extensive business interests, even as he serves as president.

 

(Reporting by Eric Beech; Editing by Rosalba O'Brien)

 

-- © Copyright Reuters 2019-05-08

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Marvelous performance. Maybe the reason for not showing us the more recent ones is less to be with him not being as rich as he claims, and more to do with not wanting us to know how much more he has lost. The super businessman perception would crash and burn if such losses have been ongoing.

9 minutes ago, ThreeEyedRaven said:

Marvelous performance. Maybe the reason for not showing us the more recent ones is less to be with him not being as rich as he claims, and more to do with not wanting us to know how much more he has lost. The super businessman perception would crash and burn if such losses have been ongoing.

Gee, I wish people felt the same way about companies like Amazon.

10 minutes ago, ThreeEyedRaven said:

Marvelous performance. Maybe the reason for not showing us the more recent ones is less to be with him not being as rich as he claims, and more to do with not wanting us to know how much more he has lost. The super businessman perception would crash and burn if such losses have been ongoing.

real losses or tax evasion ? either way he doesn't want anybody looking too closely before he has had a chance to tank the world economy.

This has descended into pure comedy. For 3 years it's been bash bash moan whine and more bash. They said we KNOW Trump was avoiding taxes. And now it has been shown he did not avoid taxes, he in fact lost a whole heap of money. The exact 180 degree opposite of what the haters had been claiming. And yep, you know it. They will now do the bash, whine and moan because he lost money. There is just no pleasing some people. This is the 2nd nothing burger in a month after the Russia collusion hoax deflated more spectacularly than the Hindenburg.

 

 I hope Trump takes his this chance to get his ducks in a row so when he leaves office he can swell his bank accounts. I really appreciate his sacrifice taking time away from the cut and thrust of international business to Make America Great Again. If he can trouser a few dollars in the meantime so much the better. Not as if the haters are going to ask for any more tax returns!

I AM THE GREAT AND POWERFUL BUSINESS MAN!!!

Pay no attention to the tax returns of that little fingered conman behind the curtain...

 

Edited May 8, 20197 yr by sfokevin

If he was still alive, maybe we should have voted for Fred Trump instead of his son, Donald.  Oh yeah, there's that KKK arrest thing that Fred was reported to have gotten involved with, so that may be hard to explain away.  Oh, well. 

 

I think it's turning out that Tiffany may be the "smart one" after all. 

Edited May 8, 20197 yr by helpisgood
typos

37 minutes ago, TopDeadSenter said:

They said we KNOW Trump was avoiding taxes. And now it has been shown he did not avoid taxes, he in fact lost a whole heap of money.

Any proof for that? Of course not. 

 

Looks like the con man who couldn't make a dime from 1985 to 1994 doesn't like to be conned himself.

 

Trump campaign issues statement condemning deceptive fundraising organizations

 

Inside a top Trump adviser's fundraising mirage

 

Quote

A political organization run by David Bossie, President Trump's former deputy campaign manager, has raised millions of dollars by saying it's supporting Trump-aligned conservative candidates — but has spent only a tiny fraction of that money supporting candidates.

 

Yep, all the best people...

 

48 minutes ago, TopDeadSenter said:

They said we KNOW Trump was avoiding taxes.

 

Ah, the mysterious "they".  You're right - it is pretty comical when the only opponents you can find are made of straw.

Off-setting gains with losses is hardly a novel action.

 

The question might be: how aggressive was trump in overstating losses?

 

For a start, someone (trump, mnuchin, mulvanney) needs to clarify which year's returns are still under audit. And then release those which have completed audit as was promised.

 

I'm sure there's nothing to hide.

 

 

 

Haha. Con Man in Chief. Americans duped in front of their own eyes.

 

https://www.yahoo.com/news/donald-trump-tax-returns-cable-reaction-082534545.html

1 hour ago, TopDeadSenter said:

This has descended into pure comedy. For 3 years it's been bash bash moan whine and more bash. They said we KNOW Trump was avoiding taxes. And now it has been shown he did not avoid taxes, he in fact lost a whole heap of money. The exact 180 degree opposite of what the haters had been claiming. And yep, you know it. They will now do the bash, whine and moan because he lost money. There is just no pleasing some people. This is the 2nd nothing burger in a month after the Russia collusion hoax deflated more spectacularly than the Hindenburg.

 

 I hope Trump takes his this chance to get his ducks in a row so when he leaves office he can swell his bank accounts. I really appreciate his sacrifice taking time away from the cut and thrust of international business to Make America Great Again. If he can trouser a few dollars in the meantime so much the better. Not as if the haters are going to ask for any more tax returns!

I just wish I was rich enough to lose a billion dollars and not worry about it. 

More liquid for Trump haters who insist on pissing into the wind...

 

Warning them has no affect...they seem to enjoy being all wet!

1 hour ago, mtls2005 said:

The question might be: how aggressive was trump in overstating losses?

Or of course how aggressive was he in overstating his wealth/financial position, when applying for loans.

 

And in some cases when he didn't get the loans from banks, but it mysteriously appeared from somewhere/someone, where was that "somewhere" or who was that "someone"?

10 minutes ago, Puchaiyank said:

More liquid for Trump haters who insist on pissing into the wind...

 

Warning them has no affect...they seem to enjoy being all wet!

 

Sheesh, you' re like Hannity...

 

 

Soo let’s seeeee Donald isent self made 400mil from dad(don’t forget he tryed to rob dad on his death bed)lost 100 mil a year(that  we know of)accepted help from a hostile foreign power to rigg our election obstructed Justice is now in plane sight obstructing now (stonewalling)has attacked children allies pows gold star family’s blabbed state secrets to a hostile foreign power has done his level best to devide this nation and that’s just for starters that’s not hate that is just stating what he has done(that we know of)no wonder the majority of us despise him I truly don’t understand how someone can back him I just dont

Probably a bit different but I recall something about small business S or C corporations can not remain their status if they lose money for 3 or 4 consecutive years.  No doubt Trump's stuff is different?  But it begs the question, if he somehow did lose so much money, then what was he living on?  What money was he spending? 

29 minutes ago, gk10002000 said:

Probably a bit different but I recall something about small business S or C corporations can not remain their status if they lose money for 3 or 4 consecutive years.  No doubt Trump's stuff is different?  But it begs the question, if he somehow did lose so much money, then what was he living on?  What money was he spending? 

That’s a big part of why the house wants to look at donalds taxes

Wow.  Now they can give those returns to the IRS!  duh.

The IRS keeps track of the losses of various financial groups of people.   Trump was "The “VERY successful businessman” only paid income tax twice between 1985 and 1994—and lost more money than “nearly any other individual American taxpayer.”

 

However you want to cut it, he is a very dishonest person.

 

Source:   https://www.vanityfair.com/news/2019/05/donald-trump-one-of-the-biggest-losers-in-america-tax-returns?fbclid=IwAR3MYWrWxptX3HQ802r545TQSRiZE9fAjjdllOP5vWG81Hdoqn5ssdjU0Vw&verso=true

 

 

 

26 minutes ago, Credo said:

The IRS keeps track of the losses of various financial groups of people.   Trump was "The “VERY successful businessman” only paid income tax twice between 1985 and 1994—and lost more money than “nearly any other individual American taxpayer.”

 

However you want to cut it, he is a very dishonest person.

 

Source:   https://www.vanityfair.com/news/2019/05/donald-trump-one-of-the-biggest-losers-in-america-tax-returns?fbclid=IwAR3MYWrWxptX3HQ802r545TQSRiZE9fAjjdllOP5vWG81Hdoqn5ssdjU0Vw&verso=true

 

 

 

You sir are much to kind lol 

2 minutes ago, Kelsall said:

However you want to cut it, Trump is our president, duly-elected I might add.

I think you mean, however YOU want to cut it. That is, whatever helps Trump supporters sleep at night supporting an sham person like this is ok. And, in fact, I see the logic in that. Right now, with the economy booming, everyone is happy enough to just let it slide and let this world-class grifter run the country. 

Troll post and reply removed. 

 

50 minutes ago, Credo said:

The IRS keeps track of the losses of various financial groups of people.   Trump was "The “VERY successful businessman” only paid income tax twice between 1985 and 1994—and lost more money than “nearly any other individual American taxpayer.”

 

However you want to cut it, he is a very dishonest person.

 

Source:   https://www.vanityfair.com/news/2019/05/donald-trump-one-of-the-biggest-losers-in-america-tax-returns?fbclid=IwAR3MYWrWxptX3HQ802r545TQSRiZE9fAjjdllOP5vWG81Hdoqn5ssdjU0Vw&verso=true

 

 

 

You do know this was all over the Press 30 years ago right?

14 hours ago, welovesundaysatspace said:

Any proof for that? Of course not. 

 

This old tax revelation means absolutely nothing. 

Besides, the years in question are when NYC real estate values went into the dumper. 

6 minutes ago, Boon Mee said:

This old tax revelation means absolutely nothing. 

Besides, the years in question are when NYC real estate values went into the dumper. 

Someone claimed that “it has been shown he did not avoid taxes”; where is the proof for that? 

I imagine Trump backers are somewhat like first timers over here, taken in by bar girls' stories and still in denial over how they have been played.

"But this one's different......"

2 minutes ago, Emdog said:

I imagine Trump backers are somewhat like first timers over here, taken in by bar girls' stories and still in denial over how they have been played.

"But this one's different......"

Well done sir!

15 hours ago, helpisgood said:

I think it's turning out that Tiffany may be the "smart one" after all. 

Remember when we used to say that about Jeb?

(please clap  )

 

Yeah, I think Tiff's mom did a good job (comparatively) in cautioning her to keep away from him.

Barron, well, we'll see.  He could turn out to be like Warren Zevon's Excitable Boy.