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Here are 7 shocking details about Trump’s taxes from the NYT’s bombshell report

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We still haven’t seen President Donald Trump’s tax returns, but on Tuesday night, the New York Times published a detailed report examining information about his taxes between the years of 1985 and 1994.

The Times didn’t obtain his actual tax returns, but it did receive information about his taxes from a source who had legal access to the returns, it said. And the paper was able to corroborate the validity of the returns by comparing it to publicly available records and information it had previously obtained.

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Here are seven shocking findings from the report:

1. $1.17 billion in losses

The big headline take away of the piece is astounding: Over the ten years, Trump had more $1.17 billion in business losses.

2.  Much of that was concentrated in 1990 and 1991

In just these two years, Trump lost a staggering $250 million annually.

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3. No income taxes for eight out of ten years

Because his businesses were simply arranged as partnerships, the losses were reported on his personal tax returns, rather than through corporate filings. With such massive losses, Trump was able to avoid paying any personal income tax for eight out of the ten years the Times reviewed, according to the report.

4. This isn’t common at all.

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Defenders of Trump will say he had some tough times and some good times, and that this is just the life of a high-profile businessman. Not so. According to the Times, Trump “appears to have lost more money than nearly any other individual American taxpayer…”

5. Trump’s father, on the other hand, made money.

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One person who appears to have done much better than Donald Trump? His father, Fred Trump — the man who really made the Trump family wealthy and bequeathed the fortune to his children.

“We now have tax info on Fred Trump & Donald Trump for a number of years,” said reporter Susanne Craig, one of the reporters of the story. “The upshot: Fred always made a lot of money. Donald always lost a lot of money.”

6. “It’s been good financially.”

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One of the most amazing parts of the story is a graph that shows Trump’s accumulated losses as they rack up on his returns. Next to some of the bars, the chart includes quotes from Trump talking about his finances.

In 1990, the Times reported that Trump said, “It’s been good financially” — a year in which he had lost a cumulative $400 million. In other words, he’s always been an outrageous liar.

7. Trump made money in the stock market with lies

As his businesses were tanking in the late 1980s, Trump had to find other ways to rake in cash. One method, the Times found, was to buy stock in a company, claim he was going to take over that company, watch the stock rise, and then sell his shares. He would profit, and never buy the company after all. Eventually, the Times reported, this scam stopped working when investors gave up on taking his boasts seriously.

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White House desperately scheduling things for Trump to do so he won’t watch the impeachment hearings

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donald trump on the phone

Given President Donald Trump worked to intimidate witnesses in real-time during the hearings on the impeachment inquiry last week, the White House is desperately searching for something that can keep him busy.

Axios reported Sunday, the presidential daily schedule will be designed to keep the president distracted with their own counter-programming.

"Trump's schedule for the coming week shows him governing," Axios reported. He'll be promoting jobs and talking about things like "art and culture."

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George Conway: Even if the White House is telling the truth — we’d have no reason to believe them

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Republican lawyer George Conway tweeted Sunday night that even if the story the White House is spinning about President Donald Trump's trip to Walter Reed makes perfect sense, there's no reason to believe them.

https://twitter.com/gtconway3d/status/1196202741552599040

The tweet shared a Washington Post report from Karen Tumulty who further explained the sentiment.

"It's a good bet he White House is not telling the truth when it claims Trump was at Walter Reed 'to begin portions of his routine annual physical exam,'" Tumulty tweeted. "We know this because — well because those people lie about pretty much everything."

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Internet blown away by Trump’s multi-tweet attack frenzy lashing out at Dems and GOP alike: ‘You are absolutely terrified’

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After spending the past two days mostly tweeting out videos that are complimentary to him, Donald Trump unleashed a flood of Twitter bile at Democrats, Republicans, a New York Times columnist and Fox News Sunday host Chris Wallace late Sunday afternoon.

After attacking Wallace, the president also went after an aide to Vice President Mike Pence -- calling her a "Never Trumper" -- then again demanded to know who the whistleblower, whose report initiated the current impeachment hearings, is.

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