$1 Billion in Losses: A Decade of Trump’s Taxes

The Daily

The New York Times

Daily News, News

4.3 • 107.7K Ratings

🗓️ 8 May 2019

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

In October, The New York Times published an investigation into the tax returns of President Trump’s father, revealing the president’s past involvement in tax evasion and stark inconsistencies in his account of his success. Two reporters who broke that story are back with new information about the president’s own taxes. Guests: Russ Buettner and Susanne Craig, investigative reporters for The Times. For more information on today’s episode, visit nytimes.com/thedaily. Background reading: The Times has obtained figures from President Trump’s federal income tax returns from 1985 through 1994. They paint a far bleaker picture of his financial condition than was previously known.Here are five takeaways of what the numbers show.Listen to an episode of “The Daily” about Mr. Trump’s participation in dubious tax schemes during the 1990s.

Transcript

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0:26.0	Previously on the Daily, I stopped at my mailbox.
0:35.8	There was three pages of Donald Trump's tax returns from 1995.
0:41.4	And we started acquiring these documents, previously unseen documents.
0:45.2	We were able to honor the tales about Donald Trump's wealth that he has worked very hard
0:50.0	for a very long time to keep hidden.
0:52.9	It was just holy shit.
0:54.9	Back in October, the Times published an investigation into the tax returns of the President's father,
1:09.9	Fred Trump, that revealed stark inconsistencies in the President's own account of his success
1:20.4	and his involvement in tax evasion.
1:22.7	He inherited hundreds of millions of dollars from his father and much of what was gotten
1:27.7	through fraudulent means.
1:29.6	Just imagine how much more we could learn if we could just get our hands on his tax returns.
1:40.3	Today, two of the reporters who broke that story return, this time, with new information
1:47.4	from the President's own taxes.
1:55.5	It's Wednesday, May If.
	...

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