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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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‘This is INSANE’: National security experts shocked by Pompeo’s saber-rattling towards Turkey

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National security experts are floored seeing the warmongering coming from Secretary of State Mike Pompeo, who said Monday that he was prepared to go to war with Turkey.

“We prefer peace to war,” Pompeo told CNBC. “But in the event that kinetic action or military action is needed, you should know that President Trump is fully prepared to undertake that action.”

He didn't want to give specifics, however, saying he wanted to let the president announce things himself.

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The tangled web of Rudy Giuliani’s associations with questionable characters in the Ukraine scandal

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Washington Post political analyst Philip Bump has created a link analysis of the tangled web President Donald Trump's attorney Rudy Giuliani finds himself caught in.

According to the report, Giuliani isn't only linked to Lev Parnas and Igor Fruman, the two associates indicted and arrested after lunch with them a few weeks ago. Giuliani is linked to a chorus of people now outed for being involved in the Ukraine scandal.

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White House personnel chief delivers a new blow to Trump: Top DHS candidates are not legally qualified

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President Donald Trump's quest to find an acting replacement for departed Department of Homeland Security chief Kirstjen Nielsen was dealt a significant blow on Monday.

The Wall Street Journal reports that the White House personnel office chief Sean Doocey has informed the president that he doesn't believe either of his top two picks are legally qualified to hold the position.

As the Journal notes, "federal statute that governs vacancies states that acting officials in cabinet-level positions must either be next in line for a position or hold a Senate-confirmed position." Neither Ken Cuccinelli, who heads the U.S. Citizenship and Immigration Services, nor Mark Morgan, who leads Customs and Border Protection, meet those standards, Doocey determined.

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