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Trump had the biggest financial loss in America — and used it to get out of paying 8 years of taxes: report

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On Tuesday, The New York Times released information obtained from ten previously unaccounted-for years of President Donald Trump’s tax returns from an IRS source.

According to the Times, “Mr. Trump appears to have lost more money than nearly any other individual taxpayer, according to the I.R.S. information on high earners.” His core businesses reportedly lost $250 million a year between 1990 and 1991, due in part to his disastrous decision to buy his own airline — losses more than double those of taxpayers with similar holdings.

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Moreover, Trump apparently used these losses “to avoid paying taxes on future income,” banking hundreds of millions of dollars worth of “net operating losses” that allowed him to completely skip paying income tax for eight years. In fact, his operating losses accounted for fully 1 percent of all taxable income in the United States that was exempted from IRS collections this way in 1991.

While this new information is a bombshell, the actual tax returns themselves are still concealed and many sources of income for Trump remain unknown.

Trump has fought tooth and nail to keep his tax returns hidden, even though presidents from both parties over the last 40 years have generally disclosed at least some of this information to the public. House Democrats have recently invoked federal law to demand the Treasury Department furnish his returns to Congress, which Treasury Secretary Steve Mnuchin has defied.


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‘Unbelievable’: Ex-Trump official stunned president is still letting Giuliani run around unchecked in Ukraine

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In a Washington Post report on the continuing attempts by former New York City Mayor Rudy Giuliani to dig up dirt on political opponents -- at the same time that President Donald Trump is facing impeachment for pressuring Ukraine with the promise of aid for the same -- a former Trump administration official expressed shock that Giuliani hasn't been told to stop.

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‘Hell no’: Texans join forces to stop Trump from stealing their land

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President Donald Trump's pledge to build a wall at the southern border with Mexico has been a huge winner with his base. But there is one group of people who are not happy: the Texans who actually live in the region where the wall would be built.

According to the Washington Post, many people in the region have no intention of letting the federal government seize their land to construct the wall, like Afghanistan war veteran Salvador Castillo of Brownsville, who received a letter from officials demanding unlimited access to and use of his land, which gradually escalated into a lawsuit.

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Team Trump wants to steal another election — and there’s only one way to beat them back

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When I was growing up at Fort Leavenworth, Kansas, back in the early 1960s, my mother drove down to Kansas City one morning to go shopping and have lunch with an old friend of her mother’s. Ladies going out shopping and having lunch in the upscale Country Club Plaza in Kansas City was almost a formal occasion. I remember she put on a summery suit and heels and stockings, and I’m pretty sure she wore a pair of white cotton gloves.

When she returned a few hours later, she wasn’t carrying any bags from the shops, and she was seething. The woman she’d eaten lunch with was married to a man who owned a chain of downtown hotels in major cities around the country. They lived in a big Tudor house in Mission Hills, the Beverly Hills of the Midwest. She drove a Cadillac. She was rich.

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