President Trump has responded today to the New York Times article detailing his tax returns from 1985-1994 showing $1.2 billion in losses.
Taking to Twitter this morning, the President called the latest article a “highly inaccurate fake news hit job.”
**LISTEN: Dan SLAMS FBI Director Christopher Wray for selling us out yesterday**
“Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases. Much was non monetary,” he wrote. “Sometimes considered “tax shelter,” ……….you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!”
….you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!
— Donald J. Trump (@realDonaldTrump) May 8, 2019
