The US president’s apparent losses are greater than nearly any other individual American taxpayer, so he managed to avoid paying income taxes for eight years
President Donald Trump’s taxes show that he lost $1.17bn over a decade starting in the mid-1980s, The New York Times reported on Tuesday.
Trump’s federal tax forms from 1985 show he reported $46.1m in losses from his main businesses, which consisted mainly of casinos, hotels and retail spaces in apartment buildings. The report comes the day after treasury secretary Steven Mnuchin denied Democratic legislators’ request for Trump’s tax returns, saying it “lacks a legitimate purpose”, raised constitutional questions and threatened taxpayer privacy.
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