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SCCOP >> Decade in the Red: Newly obtained tax information reveals that from 1985 to 1994, Trump’s businesses were in far bleaker condition than was previously known. The tax info shows over $1B in business losses.
by @russbuettner @susannecraig #Maddow nyti.ms/2PTd8Xk
by @russbuettner @susannecraig #Maddow nyti.ms/2PTd8Xk
"Amid the hundreds of figures on 10 years of Trump tax transcripts, one number is particularly striking: $52.9 million in interest income that Trump reported in 1989, but the source is a mystery."
#Maddow
#Maddow
Trump paid NO income taxes in 8 of the 10 years examined by @russbuettner and @susannecraig [1985-1994]. Trump's losses were so big that in 1991 they accounted for fully 1% of ALL business losses declared that year by individual American taxpayers.
#Maddow
#Maddow
Decade in the Red: “Year after year [1985-1994], Trump appears to have lost more money than nearly any other individual American taxpayer, The NYT found when it compared his results with detailed information the IRS compiles on an annual sampling of high-income earners.”
#Maddow
#Maddow
Because Trump reported a negative adjusted gross income in each of the 10 years, he was not allowed to deduct any charitable contributions. Trump has boasted of making large donations at the time, but the records show no such itemized deductions.
#Maddow
#Maddow
