"The NY Times provided a trove of evidence from the president’s tax info from 1985–199 that reveal the only real skill possessed by the vaunted real estate mogul was hemorrhaging obscene amounts of money. In fact, Trump lost more money than any other American taxpayer over the course of the decade in question: $1.17 billion.Trump lost so much money between 1985 and 1994 — including over 250 million in both 1990 and 1991 — that he didn’t even have to pay income taxes in eight of the 10 years. Despite the losses, Trump was able to maintain his ultra-luxe lifestyle because most of the money had been borrowed from banks, and because of the $413 million (in today’s dollars, adjusted for inflation) he was able to secure from his father by bobbing and weaving his way around the tax code, as the Times reported last fall.
At medium.com
