Trump defends tax tactics after NYT says he racked up more than $1 billion in losses: 'It was sport' [View all]

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Trump defends tax tactics after NYT probe says he racked up more than $1 billion in losses: ‘It was sport’


https://www.cnbc.com/2019/05/08/trump-defends-tax-tactics-after-nyt-story-says-he-racked-up-more-than-1-billion-in-losses-it-was-sport.html


President Trump fires back at The New York Times over the newspaper’s investigative report that said his tax figures from 1985 through 1994 showed staggering business losses of more than $1 billion.

“You always wanted to show losses for tax purposes....almost all real estate developers did – and often re-negotiate with banks, it was sport,” Trump says in early morning tweets.

The Times also said Trump apparently lost more money than any other individual taxpayer in the U.S., based on its analysis of data the IRS has compiled on people earning large incomes.


President Donald Trump on Wednesday fired back at The New York Times over the newspaper’s investigative report that said his tax figures from 1985 through 1994 showed staggering business losses of more than $1 billion.

“You always wanted to show losses for tax purposes....almost all real estate developers did – and often re-negotiate with banks, it was sport,” Trump said in a pair of early morning tweets. “Additionally, the very old information put out is a highly inaccurate Fake News hit job!”