Trump’s finances have been at the center of a fierce battle between congressional Democrats and the White House, with the administration repeatedly stonewalling requests for the IRS to release his tax returns — which lawmakers say could reveal foreign conflicts of interest — and his businesses taking banks to court for complying with congressional requests.
According to the Times, Trump's losses, some of which can be attributed to depreciation, grew over time and masked the gains he did make, resulting in Trump not having to pay income taxes for eight years out of the 10-year period the Times examined. But while Trump has frequently claimed that he was far from the first business owner or real estate developer to use the tax code to pay less in taxes, the Times found that when compared to IRS data for other top earners in the same period, "year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer." In 1990 and 1991 in particular, his losses "were more than double those of the nearest taxpayers in the I.R.S.
While he dismissed the report Wednesday as "highly inaccurate," he did not dispute any portions of the report specifically.
DON’t TalK about iT PROVE IT 😏
WGAF!
Let’s open the books and put a forensic accountant on it!
He NEVER denied the losses. He defends his tax returns, then says they are old and fake news. Why deny something if you're saying it didn't happen?
He was. He is. He will be a crook. No one will drain a swamp when they live in it.
It is a misleading report. You assholes talked about it during the election, there was nothing new to these reports.
It’s a hit job 1) because all talking points are well coordinated. 2) doesnt represent tax loss vs cash flow. 3) Tax laws on real estate have been changed multiple times and that isn’t discussed 4) obviously a coordinated leak. 5) Dems can not be trusted with GJ testimony!!
The ConMan in Chief... he loves a low intelligence voter who ignores facts and science... laughing all the way to the bank...
So you didn't lose a billion? Yet you admit that all developers were losing money for tax breaks and you were taking the breaks for losing money. LoserDonald
It's not bad enough that our vain POTUS is now obese with a scalp that looks like a roadmap, he also isn't nearly as rich as he claimed. And most Americans pay their bills, unlike MrTrump who has a history of stiffing workers as well as lenders.
It's not a bombshell. The information was out prior to his party chosing him to be the nominee. He sold fear and hate based on lies and the poor and frightened elected him. Less 2 mil. Votes. What is the point of a democratic system where the majority of votes don't count?
Speaking out of both sides of yap, realDonaldTrump
Playing games with other people's money ain't funny unless its Monopoly cash!
Idiots guide on how to lose a billion by Stable Genius - Donald J Trump realDonaldTrump
It’s a shame that the dishonest leftist media complex propaganda machine does not understand real estate development during that time and cherry picks this stolen information to push a false narrative
Looooser! Looooser! Loooooser!
Yea the news was so fake that the info was found on his tax returns!!!the IRS doesn’t have a sense of humor—it is what it is!
If losing that much money is 'sport', you might be out of touch with the average American.
It took yall this long to put this story together? TYT did this back before he was elected. Which of your backers finally gave the green light to run this story?
He could dispel any falsehoods by *gasp* releasing his full tax returns
Uber lost more than that last year. Lyft lost 250million last quarter. Amazon lost billions for 19yrs.
Remember Johnny Cash, Folsom Prison ... I shot a man in Reno/Just to watch him die... Americans being Americans and liking a good story may just vote Trump out in 2020 to watch him defend himself.
It’s true
It is a total hit job. There isn’t a spec of objectivity left in the media, especially the nyt.
LindaSN0228WI Fake Illegitimate POTUS, Fake Christian, Fake billionaire, Fake genius, Fake dealmaker, Fake patriot, Fake hair. Everything is Fake about this con man!
LOL 😝
Trump's the tip of the 1% iceberg; it's not only him, all these plutocrats need to stand in the dock and face justice. They collectively (irony) stole and owe trillions of dollars to our Treasury. Time to pay up. AOC SpeakerPelosi
Bankruptor in Chief look what he is on coarse to cost taxpayers just for golf trips to his properties.
If he defends his losses that is an admission that it’s true. Therefore it’s not “fake news” POTUS How many of his “regular folk” supporters could convince banks to loan them billions after his massive losses? This man is rich off the deposits of others (loans)
How is this bombshell? This was reported during 2016 election cycle as well & it was not a bombshell then & definitely not for anyone who understands corporate tax laws. There is a reason why Richest companies & richest people pay a smaller percentage of their income in taxes
Does anyone think that DonTheCon would admit to being a complete fake? realDonaldTrump
But isnt the 'sport' to let the people investing in your project, depending on pay checks, banks wanting their money payed back, and not to mention America making money on taxes. Seems like this 'sport' is fun for the team of one D. Trump.
Liar! CommanderInCheat DerangedDonald CNN IRS
If you wanna see fake, look in the mirror
“It’s totally false that happened and I’ll tell you why I did it.....” 🙄
If he says it’s fake news, we know it’s true because the Mueller report shows everything he and his staff called fake was in fact true
TaxFraudTrump BiggestLoserDonaldTrump BiggestLoser TrumpFraud TrumpResign
Except realDonaldTrump re-negotiations were not with US banks. Was that also typical of real estate developers?
Trump needs to release 8 years of tax returns - as is standard Republicans FAILED miserably by not vetting Trump We have a conman/criminal in the White House RejectTrumpRegime VoteGOPOut
lesliejoan58 Psycho Of The United States Of America.
Lost a billion in ten years and some people still have the less than half a brain required to want to give him the nation for 8 as if he hasn't BEEN fucking up America's commas.
So if you had a job and made even a little money over those ten years you were richer than Trump. Cool.
He always has an excuse for his corruption and stupidity
How monumentally ironic that the 'failing' NYT's has revealed what an utter fraud and loser Trump is as a businessman. Maybe HIS nickname should be FailingDonaldTrump as that seems only appropriate for a deadbeat who lost over a billion dollars in a decade and paid no taxes.
This money was laundered and might even been used to contribute to political campaigns money originated from foreign countries All indications long term Criminal enterprise
Trump's Bragging about $1 billion in losses 'It was sport!' in his tweets and in the same breath lies the Fake News is tell stories, AGAIN how phuqing cliche. VOTE for a secure WH in 2020🌊🌊🌊
The Stable Genius failed in his business ventures during the 80s, when everyone else was doing great...who'd have ever thought!
It is...Amazon had the same problem last year....fix the tax system if u dont like it
He's corrupt AND stupid.
So in his distorted mind, he wins with a win and he wins with a loss. If that actually applied, we would ALL be very rich. He is so out of touch with reality, which is frightening he is the president.
1st, daddy kept bailing you out. 2nd, lotta smart guys in real estate didn’t lose money. Capitalism doesn’t work that way. The idiots who were big players in Denver & lost money were well known (you in NYC) Considered 2 stupid 2 work. So they, like you, had the crappiest staffs.
The thing is it doesn't matter, not in this new normal. Is this the new normal Obama wanted us to get used to? I know one thing, I'm sufficiently jaded.
God help us if he thinks fiddling with the economy via tariffs is “sport.” Or that saber-rattling with Iran is “sport.” Or allowing Russia to interfere in our elections is part of that “sport.” Or that thumbing his nose at the Constitution is “sport.” Hey, Sport — you’re wrong.
When DNCMediaPAC announces a BOMBSHELL!!!! it's not. It is time, and well beyond, when Democrat/media needs to have all special protections due to a 'free press' removed. The psycho ex-wives of media work daily to overturn the 2016 election by any means necessary sedition
BillionDollarLoser Trump was responsible for 1% of taxpayer debt one year.
It was sport? You have a strange idea of fun.
You are a sad individual.
. ThusSpakeZaRussianCash PUTINtrump2020 MAGA = ManipulatingAmericasGullibleAspirants GOP = GuzzlingOrangePiss .
BillionDollarLoser
Defending it while calling it fake, means the reporting is accurate.
I thought this morning he said it is fake news at HuffPost
I believe all people in this business did the same! It was allowed by the law at the time.
Losing over a BILLION DOLLARS was “sport!” Even realDonaldTrump dumbest, most naive and brainwashed supporters know that’s bs!
Mafiosa using mafia terminology.
Yeah The Mad Twitter King Sux at Business, Leadership, being POTUS, he is great at self promoting and deception
Yeah, Donster? Prove it's fake!
Commercial real estate suffered catastrophic losses in the late 80's early 90's. Trump suffered catastrophic losses.
Trump: AMERICA'S 1 FINANCIAL FRAUD
Trump’s so called “sport” cost a lot of his workers their jobs and many were unpaid... His “sport” is a cruel game he plays with hard working people’s lives!
Should have to pay taxes on 'sport' considering you're wasting 1.2 billion that could have actually helped improve someone's life.
Perfect for a Mob grifter. 🇷🇺⛏️ MillionDollarLoser
In today's money it's closer to 2 billion. 2 BillionDollarLoser
BillionDollarLoser DonTheCon
😂
BERNIE MADOFF: 'I'M THE WORLD'S BIGGEST CON MAN!' TRUMP: 'HOLD MY PEPSI!'
Yes. He simultaneously lauded himself for the ‘sport’ of tax fraud while also calling it fake news.
Donald Trump is America's embarrassing BillionDollarLoser No wonder he didn't want anyone finding those tax returns .. realDonaldTrump GOP WhiteHouse DonaldJTrumpJr seanhannity