Trump responds to New York Times report he lost more than $1 billion, calls it ‘hit job’
On Tuesday, The Times reported Trump lost more than $1 billion from 1985 to 1994. That was based off of tax information the publication acquired from a source with legal access to the documents, The Times wrote, noting that the information consisted of printouts from Trump’s official IRS transcripts from those years.
The Times reported Trump posted a total of $1.17 billion in losses over the decade, and after comparing his information with other top earners, The Times wrote that it “appears to have lost more money than nearly any other individual American taxpayer.”
Those losses allowed Trump to avoid paying federal income tax for most of that decade.