It looks like Trump has paid millions in taxes at some times but also has more than $1 billion in losses that have offset almost all of his taxes for decades. M

It looks like Trump has paid millions in taxes at some times but also has more than $1 billion in losses that have offset almost all of his taxes for decades. My takeaway is that he has been able to rake in huge amounts of money (like $200 million+ from the Apprentice) but he then pours it into businesses that appear to lose money on paper. He lives his life on the back on these businesses so his lifestyle is almost 100% deductible. He's found away to keep spending an extra 20% to 30% by avoiding income tax. However, he's also spending like a drunken sailor and currently has more than $400 million in loans due in just a few years with personal guarantees.