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Breaking News:
New York Times obtains/releases Trump’s tax return info!

a sign on the side of a building: Many of President Trump’s properties operate at a loss, but Trump Tower in Manhattan is an exception, regularly earning him more than $20 million a year.
Trump Tower in New York
Credit: © Haruka Sakaguchi for The New York Times

“Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance”

A New York Rimes Exclusive”

The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million,” By Russ Buettner, Susanne Craig and Mike McIntire, The New York Times. Read more

+ 18 Revelations From a Trove of Trump Tax Records

+ An Editor’s Note on the Trump Tax Investigation

Posted by Steve on September 27, 2020 at 7:30 pm | Permalink

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