While it’s long been suspected that Donald Trump's financials were inflated, a report Tuesday from the New York Times, citing IRS tax transcripts, showed that from the years 1985 to 1994 Trump's businesses lost over $1 billion.
"Year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer," the Times article read, which specifically showed that he lost $1.17 billion.
Trump’s argument, especially in the early 90s, was that the recession that hit during 1990 was a major factor for his notorious string of reversals and bankruptcies that hit his businesses. However, the piece shows that Trump’s financial woes began far earlier than most people thought.
Susanne Craig, one of the authors on the piece, told CNN's Anderson Cooper that the losses were “just for his core business” and that she and co-author Russ Buettner found that Trump lost money in every year. She added that the losses grew every year and seemed to get worse when Trump’s casino started hitting financial problems.
Craig expressed a level of shock at the mounting losses, saying that they “would have thought in one of the years that we saw, maybe the year he wrote ‘Art of the Deal,’ he would have made money. He didn’t. He was just bleeding money every year that we looked at and his businesses.”
May explain why he tried to cosy up with Putin.