Trump’s ‘Abnormal’ Interest Income Two Decades Ago Came Tax-Free
- $52.9 million in interest income helped absorb business losses
- Interest income rose from half-million only three years before
This article is for subscribers only.
President Donald Trump earned a large amount of interest income two decades ago that was used in tandem with then-burgeoning losses to help him avoid paying federal taxes, according to newly published tax details.
While it’s unknown how Trump earned $52.9 million in taxable interest income in 1989, it was a curiously outsize amount of revenue -- and a key way he avoided taxes, tax experts say.