Tax Filings Show Trump Lost $1.17 Billion Over 10 Years

At least some of U.S. President Donald Trump’s taxes have been made public, and they do not paint a pretty picture.

The New York Times has gotten hold of Trump's income tax filings from 1985 to 1994, and they show that his businesses lost more than $1 billion U.S. in that 10-year period. The Times says that it has acquired printouts from the U.S. president's official Internal Revenue Service tax transcripts, including figures from his federal tax forms.

The tax information shows that Trump reported business losses of $46.1 million U.S. in 1985 and a total of $1.17 billion U.S. in losses for the 10 years through 1994. The tax filings also show that Trump did not pay any income taxes for eight of the 10 years.

In a detailed report, the Times concluded that Trump "appears to have lost more money than nearly any other individual American taxpayer" from 1985 to 1994 because of his business losses.

Trump was quick to respond to the media report of his tax filings, saying on Twitter that, as a real estate developer, "you always wanted to show losses for tax purposes."

Trump added that the Times put out "very old information" that, he claims, is "highly inaccurate."