“Newly released IRS documents revealed former President Donald Trump’s sprawling empire was awash in a sea of red ink from 2015-2020,” Axios reports.
“Over six years, Trump’s primary holding company, known as DJT Holdings LLC, accumulated in excess of $313 million in reported losses.”
“As an outsider candidate, part of Trump’s appeal hinged on perceptions about his private sector acumen, earned through decades operating in New York’s rough-and-tumble world of real estate. Friday’s disclosures call into question his carefully-cultivated image as a savvy business magnate.”
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