President Trump on Wednesday fired back at the New York Times after the newspaper obtained his tax returns from 1985 to 1994 showing his businesses lost more than $1 billion.
President Trump on Wednesday fired back at the New York Times after the newspaper obtained his tax returns from 1985 to 1994 showing his businesses lost more than $1 billion during that timespan. According to the Times, Trump lost more money than nearly any other taxpayer in the country year after year at the time.
“You always wanted to show losses for tax purposes,” Trump continued. “Almost all real estate developers did — and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!” “In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer,” the Times said. “Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years.”
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