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the US president defended the use of what he called tax shelters after a report in The New York Times that his businesses lost more than a billion dollars over a decade Donald Trump on Wednesday tweeted real estate developers in the nineteen eighties and nineteen nineties more than thirty years ago we're entitled to massive write offs and depreciation which would if one was actively building show losses and tax losses in almost all cases The New York Times reported Tuesday it had obtained printouts of trump's official IRS tax transcripts and say they reveal that in nineteen ninety and nineteen ninety one trump appeared to lose double the amount of money of any other individual US taxpayer the times also said trump lost so much money that he was able to avoid paying income taxes for eight of the ten years and the paper said over the entire decade trump's core businesses including casinos hotels and apartment buildings lost one point one seven billion dollars , we did the very old information put out is a highly inaccurate fake news hits job toted his business prowess on the campaign trail and turned over the running of his real estate business to his sons after the twenty sixteen election he also became the first major party nominee in forty years to break with tradition by refusing to release his tax returns and since then he's repeatedly said he's under no obligation to do so but while I'm on the road and I would not give my taxes %HESITATION there's no law whatsoever they've recently been the focus of a running partisan battle in Washington on Monday treasury secretary Stephen Manouchian refused a request for the returns by the democratic head of the house ways and means committee Democrats say they want trump's tax data as part of their probe into trump's possible conflict of interest he continues to own golf courses and hotels even while serving as president