Please ensure Javascript is enabled for purposes of website accessibility
Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses
News
By News
Published 6 years ago on
May 8, 2019

Share

[aggregation-styles]

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

By the time his master-of-the-universe memoir “Trump: The Art of the Deal” hit bookstores in 1987, Donald J. Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns.

Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.

The data — printouts from Mr. Trump’s official Internal Revenue Service tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and most detailed look to date at the president’s taxes, information he has kept from public view. Though the information does not cover the tax years at the center of an escalating battle between the Trump administration and Congress, it traces the most tumultuous chapter in a long business career — an era of fevered acquisition and spectacular collapse.

Read More →

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Rise of the Anti-“Woke” Democrat

Fresno Shooting Leaves Man Dead Near Griffith and Hughes

4 hours ago

Iran and Israel Say a New Wave of Iranian Missile Attacks Has Begun. Explosions Heard Over Jerusalem

4 hours ago

Vacant Fresno Restaurant Heavily Damaged in Early Morning Fire

An early morning fire caused significant damage to a vacant restaurant building in Fresno, the Fresno Fire Department reported.   ...

3 hours ago

A vacant Fresno restaurant was heavily damaged in a fire early Friday, June 13, 2025, morning, with no injuries reported and the cause under investigation. (Fresno FD)
3 hours ago

Vacant Fresno Restaurant Heavily Damaged in Early Morning Fire

4 hours ago

Visalia Police Make Arrest in Deadly Hit-and-Run

Michael Sanchez, 30, a Madera County inmate, who failed to return from a funeral day-pass was arrested Friday after a police chase and crash involving children. (Madera County SO)
4 hours ago

Madera County Inmate Arrested After Chase and Crash With Kids in Car

4 hours ago

Fresno Shooting Leaves Man Dead Near Griffith and Hughes

Israeli Iron Dome air defense system fires to intercept missiles over Tel Aviv, Israel, Friday, June 13, 2025. (AP Photo/Tomer Neuberg)
4 hours ago

Iran and Israel Say a New Wave of Iranian Missile Attacks Has Begun. Explosions Heard Over Jerusalem

A man in his 80s was found dead in Bass Lake on Friday, June 13, 2025, morning while attempting to launch a boat, authorities said. (Madera County SO)
5 hours ago

Man Found Dead in Bass Lake, Cause Under Investigation

U.S. Marines detain a person outside the Wilshire Federal Building after Marines were deployed to Los Angeles, as protests against federal immigration sweeps continue, in Los Angeles, California, U.S. June 13, 2025. (Reuters/Aude Guerrucci)
5 hours ago

US Marines Carry out First Known Detention of Civilian in Los Angeles, Video Shows

5 hours ago

Tensions Boil Between Arias and Dem Congressmembers

Help continue the work that gets you the news that matters most.

Search

Send this to a friend