DEMS/HOUSE OF REPS/TRUMP TAXES: “Sometime next year, we may know a lot more about President Donald Trump’s personal taxes. House Democrats are bent on getting their hands on his returns and some want to publicly air them. While it’s true that Trump’s tax practices are largely a black hole to the public, some information has come out about them in dribs and drabs. Now seems like a good time to catch up on what we know. Zero income taxes: Trump paid no federal income taxes in 1978 and 1979, and apparently none or next to none in 1991 and 1993, the Washington Post and POLITICO reported separately in spring 2016, based on records from New Jersey gaming regulators. He reported negative income for ’78 and ’79. Casino and hotel losses were cited for the ‘90s. The $916 million loss: Trump claimed nearly $1 billion in net operating losses in 1995, according to three pages of returns for that year from three different states that were anonymously sent to the New York Times in late 2015. The Times said the losses were so big that they could have wiped out Trump’s tax liability for the next 18 years, and our Brian Faler reported they amounted ‘to almost 2 percent of all such deductions claimed that year.’”
-Toby Eckert, “What we know about Trump’s taxes,” Politico, November 19, 2018 11:27 am