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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

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

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.

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4. This isn’t common at all.

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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Bombshell report confirms Trump ‘repeatedly pressed’ Ukrainian leader to probe Joe Biden’s family

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A new report from the Wall Street Journal confirms that President Donald Trump over the summer "repeatedly pressed" Ukrainian President Volodymyr Zelensky to investigate Hunter Biden, the son of former Vice President Joe Biden.

According to WSJ, Trump asked Zelensky an estimated eight different times to launch a probe of Hunter Biden in a move aimed at crippling Joe Biden's presidential campaign.

"He told him that he should work with [Trump attorney Rudy Giuliani] on Biden, and that people in Washington wanted to know," one of WSJ's sources claims. According to this source, however, Trump on this phone call made no mention of foreign aid and didn't offer Zelensky an explicit quid-pro-quo for his cooperation in investigating Biden.

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Yale psychiatrist on what the whistleblower scandal reveals about Trump’s ‘self-defeating pathology’

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On Thursday, information emerged that a whistleblower in the intelligence community had officially submitted a complaint suggesting that President Donald Trump had had a compromising discussion with a foreign leader.

As the news circulated Friday, commentators raised the possibility that Trump had offered the president of Ukraine a stronger relationship in exchange for dirt on Joe Biden.

Raw Story spoke with Yale psychiatrist Bandy X. Lee, who has studied the president's erratic behavior.

Lee is a forensic psychiatrist and violence expert at Yale School of Medicine. She has been consulting with the World Health Organization since 2002, has taught at Yale Law School since 2003, and is author of the textbook, “Violence.” In 2017, she held an ethics conference that led to the public-service book, “The Dangerous Case of Donald Trump,” and the World Mental Health Coalition. She also convened a panel to assess the president’s mental capacity and chairs a working group on a panel for performing presidential fitness-for-duty tests. She is hosting discussions on the need to speak about a president’s mental health at the Yale Law School and the School of Medicine this week.

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‘Impeachment time’: Conservative columnist says Pelosi must end her caution if Trump-Ukraine scandal is true

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Conservative columnist Max Boot, like fellow anti-Trump conservative Rick Wilson, had long supported House Speaker Nancy Pelosi's (D-CA) cautious approach when it comes to impeaching President Donald Trump.

But in his latest column, Boot argues that Pelosi cannot simply ignore the latest Trump scandal that involves allegedly strong-arming the Ukrainian government to help him dig up dirt on former Vice President Joe Biden.

"If the new scandal involving President Trump and Ukraine is as bad as it seems -- and that is, of course, a very big if at this early stage -- the House will have no choice but to impeach, consequences be damned," he writes.

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