New details are out about President Trump's finances that show his businesses lost more than a billion dollars over a decade. According to “The New York Times,” a review of Trump's tax records from 1985 through 1994 show that he claimed the most business losses of any American in a number of those years.
In fact, they say that in 1990 and 1991, his core businesses lost more than 250-million each year – that’s more than double those of the next highest Americans claiming business losses. As such, Trump paid no federal income taxes for eight of the ten years because of his high business losses.
To put that in perspective, Trump claimed interest income of nearly $53-million dollars in 1989 – though the source for that money has not been revealed. According to the newspaper, no public records show anything that he owned that could have provided him with that much interest income.
Source: New York Times