In a shocking story on Sunday by the New York Times, it is being reported that alleged multi-billionaire Donald Trump reported in his 1995 taxes that he lost almost a billion dollars from failed investments in casinos, real estate and a now-defunct regional airline which in turn earned him a free pass with the IRS to avoid paying personal taxes for the next 18 years!!!
What’s hard to believe is that Trump’s 1995 claim of $916 million in net operating loses was 9,000 times the average amount claimed that year.
I guess the rich do get richer while the poor get poorer!!!
See story here