No businessperson in this world would like to see losing their money but it seems like the president of America Donald Trump has lost more than $1 billion in last ten years. The tax documents of Trump revealed that his Businesses had lost more than $1.17 billion in last decade. It’s interesting to see why Trump’s business did not perform that better in the past when the economy was booming. Trump’s way of doing business has always been a topic of discussion among members of Congress because many Democrats have requested Trump reveal his tax documents. On the other hand, Trump did not give that much importance to those discussions and remained to be silent about his past income.
Some Democrats thinks the reason why Trump is not revealing his tax returns is that it might show the real picture of him. However, the request for leaking tax documents recently refused by the treasury secretary Steven Mnuchin. However, sources who have found his past tax documents are showing that TTrump lost so much amount of money in the last ten years that he refused to pay the taxes to government. Trump is that business tycoon who got a huge amount of wealth from his father at an early age, and that’s when he started building his dream projects called trump towers.
Accordingly, Donald succeeded in real estate business more than his father and the secret to it might be his ruthless behavior. Now some critics of Trump think they have matched the data of Trump’s earning with IRS record in which they found that he did not pay a reasonable amount of taxes. A few weeks ago some member of Congress even said that Trump is not paying taxes because he has already planned to build those businesses which are giving a tremendous amount of tax subsidies. Now whether Trump is going to answer these questions or not, it will be a matter of time.
