Report his businesses lost more than $1B 'inaccurate'

President Donald Trump pauses while speaking during a meeting with in the Oval Office of the White House Friday

Trump tax returns obtained by New York Times reveal $1B in business losses over decade

The Times reports that Mr. Trump lost so much money during those 10 years that he didn't pay federal taxes in eight of them.

Donald Trump has acknowledged taking large tax write offs for property business losses in the 1980s and 1990s, describing the practice as "sport" among developers like himself at the time.

Without disputing the substance of the findings, Trump called it "very old information put out is a highly inaccurate Fake News hit job!"

Newly obtained tax information has revealed that Donald Trump's businesses were operating at major losses between 1985 and 1994. According to the Times, Trump lost more money than almost any other taxpayer in the country year after year at the time.

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He was also emphatic he would not be allowing Bottas an easy ride on the track. "It is about consistency through the whole season. British bookmakers William Hill have Hamilton as race favourite at 6-4, with Bottas on 9-4 and Vettel and Leclerc priced at 9-2.


Another user wrote, "Every janitor working in Trump Tower paid more income taxes than Trump did in 8 out of 10 years".

The request "lacks a legitimate purpose", meaning the US Treasury is not authorised to release tax filings by Mr Trump and his businesses, Mr Mnuchin said in a letter to the committee's chairman.

Trump made his money (despite his own best efforts) all through pure bluster that got amplified by a media environment which has favored sensationalism over journalism for as long as most of us can remember, and he used that as currency to make a series of purchases that led him to the White House.

Senator Chris Coons, a Democrat from DE, said the report showed Trump "failed spectacularly" in business during that time.

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There was no immediate reaction from Iran, which in the past has said it turned down Trump's requests for meetings. Others landed at an undisclosed location late Wednesday in "southwest Asia", the Air Force said .


The battle in Congress is over Trump's more recent returns, which he has refused to release in a break with the practice of all recent presidents.

Neal, a Massachusetts Democrat, is now consulting with legal counsel on how to proceed, and the clash is likely to turn into a protracted legal battle. "That is why the president has always scoffed at the tax system and said you need to change the tax laws".

Neal, whose district includes Berkshire County, that after consultation with the Trump Justice Department he would not agree to the congressman's request to release the tax returns. Well, not always. Not if it's a Trump casino.

Mr Mnuchin oversees the IRS. About 51 percent of voters said they supported Democrats efforts to obtain the tax returns, according to an April Morning Consult/Politico poll.

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Once Johnson was free, a new piece of legislation, the First Step Act , was approved by Congress, and Trump signed it into law in December 2018.


Several panels are seeking background information uncovered by special counsel Robert Mueller's investigation into Trump campaign links to Russian Federation in 2016 and whether Trump, as president, obstructed justice by trying to thwart Mueller's probe. "It also confirmed significant findings using other public documents, along with confidential Trump family tax and financial records from the newspaper's 2018 investigation into the origin of the president's wealth".

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