Better Than Nothing

|
May 7, 2019 7:17 p.m.
EDITORS' NOTE: TPM is making our COVID-19 coverage free to all readers during this national health crisis. If you’d like to support TPM's reporters, editors and staff, the best way to do so is to become a member.

The Times is out with an extensive story based on newly obtained tax documents for President Trump … but they’re for 1985-1994, not more recent years. Still, it’s a key period in the making of the myth of Donald Trump, and far from being the dealmaking whiz of lore, he was declaring staggering losses, more than $1 billion over that stretch:

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

Those loses meant he paid no taxes for eight of the 10 years the records cover, according to the Times.

Hey There

More In Edblog
advertisement
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Senior Editor:
Special Projects Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Publishing Associate:
Front-End Developer:
Senior Designer: