Trump’s tax records show his businesses lost so much money over a decade, he didn’t have to pay income taxes for 8 of those ten years

Donald TrumpAP Photo/Alex Brandon

 

President Donald Trump’s tax information covering the years 1985 to 1994 show a business empire nearly in ruin, according to financial information obtained by The New York Times. Trump’s negative adjusted gross income allowed him not to pay any income tax for eight of those years, according to the records. The filings show that in 1985, Trump lost $46.1 million from his casinos, hotels, and apartments. These businesses reportedly kept losing money annually for a total loss of $1.17 billion in 10 years. Visit Business Insider’s homepage for more stories.

President Donald Trump’s tax information covering the years 1985 to 1994 reportedly show a business empire nearly in ruin, so much so that his negative adjusted gross income allowed him not to pay any income tax for eight of those years.

The tax information, first reported in a New York Times report published Tuesday, revealed that Trump’s businesses were not as successful as the future president made them out to be:See the rest of the story at Business Insider

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