Trump Admits to Massive Tax Write Offs, Calling It ‘Sport’

(WASHINGTON) — President Donald Trump on Wednesday acknowledged taking massive tax write offs for real estate losses topping $1 billion from the mid-1980s to mid-1990s, calling it "sport" among developers like himself during that period.

Trump was reacting to a New York Times report Tuesday that his businesses lost more than $1 billion from 1985 to 1994.

(WASHINGTON) — President Donald Trump on Wednesday acknowledged taking massive tax write offs for real estate losses topping $1 billion from the mid-1980s to mid-1990s, calling it "sport" among developers like himself during that period. Trump was reacting to a New York Times report Tuesday that his businesses lost more than $1 billion from 1985 to 1994.