



US President Donald Trump had a $ 1.17 billion (Rs 8073 crore) loss in the casino and real estate business between 1985 and 1994. Due to the deficit, Trump did not even have to pay any tax for 8 times in these 10 years. The American newspaper New York Times (NYT) claimed this on the basis of official documents related to Trump's Tax Returns. These documents have not been made public. This report is important because in 2016, in the promotion of presidential elections, Trump has described himself as a skilled businessman and an expert in bargaining.





Trump had lost $ 500 million in 2 years





According to the NYT report, in 1990 Trump suffered $ 250 million in business. The same loss occurred in 1991. It was more than twice as high as the loss of another American individual. It is not that Trump has never benefited. Trump had bought Manhattan's Moritz Hotel for $ 7.37 million in 1985. In 1989, it sold for $ 18 million. But Trump's loss was so high that even that year he had to not be taxed.





After becoming president in 2016, Trump had handed over the business to his son. After becoming President, refusing to give information about tax returns, he also broke decades-old tradition. He said that he can not give information unless his returns are audited. Through the tax data of Trump, Democrats want to check that there is no disturbance as Trump is also involved in the business.