The New York Times reported that it obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due. Trump paid $750 in federal income taxes the year he won the presidency in 2016 and in 2017, his first year in the White House. 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. According to a review of the records by the Times, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.
