Trump is the first president since Watergate to decline to make his tax returns public
WASHINGTON — President Donald Trump said Wednesday a New York Times report that his businesses lost more than $1 billion from 1985 to 1994 was “highly inaccurate.”
The Times reported Tuesday it has acquired printouts from Trump’s official IRS tax transcripts, including figures from his federal tax form. The newspaper said Trump reported business losses of $46.1 million in 1985, and a total of $1.17 billion in losses for the 10-year period. Trump tweeted Wednesday that developers during that period were “entitled to massive write offs and depreciation” that would “show losses and tax losses in almost all cases.” He tweeted that much of those losses were “non monetary.”
….you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!
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