According to the American newspaper “New York Times“, which relies on tax documents, Donald Trump lost so much money during this decade that he was able to avoid paying any income tax for eight years.
Finance in the red. The financial health of Donald Trump and his companies was catastrophic between 1985 and 1994, according to a New York Times investigation based on tax documents, Tuesday, May 7. According to the US daily, the then-president of the United States, then a New York businessman, lost nearly $ 1.2 billion over this period.
These revelations come in the wake of the US Treasury’s refusal to send Donald Trump’s tax declarations to Congress in a showdown with the Democrats, the majority in the House of Representatives.
The New York Times notes that Donald Trump lost so much money during this decade that he was able to avoid paying any income tax for eight of those ten years under scrutiny. However, the newspaper says it does not know whether the US tax authorities, after an audit of these declarations, proceeded to a recovery.
- In ten years, $ 1.17 billion lost
In 1985, Donald Trump for example claimed to have lost $ 46.1 million, including its casinos and hotels. His various business has continued to make him lose money every year, for a total of $ 1.17 billion over this decade, writes The New York Times.
The US newspaper reports that it did not get the tax returns from Donald Trump, but consulted them through a person with legal access. The daily also indicates that this decade is not the subject of the conflict between the Democrats and the 45th President of the United States on the publication of his tax returns. His opponents would be interested in recent years, according to the newspaper.
According to a presidential attorney, interviewed by the New York Times, the newspaper’s information “about the president’s tax returns and his 30-year-old affairs are extremely inaccurate.”
In October, the American newspaper had already been interested in the financial situation of Donald Trump. The president was reported to have received more than $ 400 million from his parents, partly through tax evasion tactics.