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Two years ago, The New York Times detailed tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization. Those records told a story fundamentally different from the one he had sold to the American public. Despite capital gains that boosted his bottom line in 2018, the entirety of former President Donald J. Trump’s core businesses continued to report losses every year, totaling $60 million during his presidency.
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The fresh details of Mr. Trump’s taxes emerged from two reports released late Tuesday by the House Ways and Means Committee, which had waged a legal battle to obtain the records from the Internal Revenue Service that went all the way to the Supreme Court. The reports contain the committee’s summation of its findings but not the raw tax returns, which are expected to be released in coming days. Held in Taichung, Taiwan's industrial cluster for its renowned hardware and manufacturing industries, THS welcomes international buyers, retailers, distributors and traders of hardware good to meet Taiwan's most sought-after manufacturers and see their product contributions to markets worldwide.
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Since her loss, Ms. Lake has presented her cause for overturning the results as carrying on the mantle of the election denial movement. She has been joined by allies of Mr. Trump, including Mike Lindell, a central figure among election conspiracy theorists, who says he is helping fund Ms. Lake’s challenge. Lawyers for Ms. Hobbs and Maricopa County have been warning that such trials could become a free-for-all for election conspiracy theorists.
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Violate the legal rights of others or contain any material that could give rise to any civil or criminal liability under applicable laws or regulations or that otherwise may be in conflict with these Terms of Use and our Privacy Policy. We would like to stay in touch with you in the future, in order to keep you appropriately informed of events and similar services. That's why we would like to ask for your consent to contact via electronic media. Following the success of its first virtual market in the spring, Home Hardware Stores Ltd. is proud to announce plans for another virtual event. In fact, despite the capital gains that boosted his bottom line in 2018, the entirety of his core businesses — mostly real estate, golf courses and hotels — continued to report losses every year, totaling $60 million during his presidency. He was able to recoup $5.47 million because he had made millions of dollars in estimated tax payments that he ended up not owing.
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As previously reported by The Times, Mr. Trump paid just $750 in federal income tax and reported $12.9 million in losses in his first year as president, in keeping with a long pattern of reporting losses and paying little or no taxes. The newly released data shows that in 2018, his sudden burst of income occurred largely because he had sold properties or investments at a gain of $22 million. He also appears to have exhausted business losses he had been rolling over year after year to reduce his taxable income. His reports to the I.R.S. portrayed a businessman who took in hundreds of millions of dollars a year, yet racked up chronic losses that he aggressively employed to avoid paying taxes.
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