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Trumps Last Gasp? NYT Reports $1B loss And No Income Taxes

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Dec 30, 2006
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This will dominate the news for a awhile. The NYT obtained a portion of Trump's 1995 returns and it showed him reporting a $915M loss. The implication is the carry forward on that kind of business loss would be the equivalent of $50M per year for 18 year of tax free income. In other words, Trump who endlessly tweeted the GOP talking point about how half of America doesn't pay income tax, hasn't paid income taxes perhaps for the last 18 years. In other words, he is a lousy businessman and a hypocritical prick.
 
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