A New York Times report revealing Donald Trump‘s tax information from 1985 to 1994 that showed his businesses took a much bigger financial hit than previously known.
The nearly a decade of tax data revealed Trump’s business empire lost over $1.1 billion. He took such a financial hit, the Times reports, that his losses were among the most of any American taxpayers in 1985 to 1994.
While the report did not include information on the Trump tax returns requested by Democrats in Congress, it did add previously unknown context to the president’s financial history using copies of Trump’s tax transcripts from the IRS.
The Times‘ data revealed that in 198 the losses from Trump’s businesses, including hotels, real estate, casinos, and other storefronts, amounted to over $46 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. Trump’s businesses stayed in the red for every year of on the tax transcripts until their losses added up to $1.17 billion.
Twitter is having a field day:
— Jennifer Taub (@jentaub) May 7, 2019
New York Times acquires 10 years of Trump tax info.
He was literally the biggest loser in the country!
Bigger reported business losses than any other human being in the country.
Trump. Is. The. Biggest. Loser. In. The. Country!
— The Hoarse Whisperer (@HoarseWisperer) May 7, 2019
Most of the loses Trump used on his taxes were losses from other people's money-in debts or investments. Just like everything else, Trump didn't get hit, he made others take the losses.
— Amee Vanderpool (@girlsreallyrule) May 7, 2019
TRANSLATION: Trump didn’t want to release his tax returns because he is *literally* the biggest loser in history.
— Ryan Knight #ImpeachTrump 🍑 (@ProudResister) May 7, 2019
His biggest fear has always been to be exposed for being a business failure whose father bailed him out time after time.
“In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer” https://t.co/A8veiilKou
— andy lassner (@andylassner) May 7, 2019