“The tax returns that Mr Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public,” the paper added.
The Times also said the documents it had obtained “comprise information that Mr Trump has disclosed to the IRS, not the findings of an independent financial examination. They report that Mr Trump owns hundreds of millions of dollars in valuable assets, but they do not reveal his true wealth. Nor do they reveal any previously unreported connections to Russia.”
The president “paid $750 in federal income taxes the year he won the presidency”, the paper reported, adding that “in his first year in the White House, he paid another $750.
“He had paid no income taxes at all in 10 of the previous 15 years – largely because he reported losing much more money than he made.”
Just like his tax returns in the 1980s, Trump's recent financials showing him making losses.
Sometimes companies are struck off the register if they never make any profit and cost the taxpayer who covers the debts. These companies avoid paying taxes through creative accounting practices.
So a small company making a profit is making more of a contribution - than a billion-dollar company that frequently(all-ways) makes loses.
This is a con-man real estate agent and reality TV star.