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Big write-offs, Tax-cut perks: Key takeaways from Donald Trump’s tax returns

Donald Trump Income Tax IRS Tax Deduction United States Washington D.C.

WASHINGTON: Massive losses and large tax deductions in Donald Trump’s returns reveal how the former president was able to use the tax code to minimize his income tax payments.

Democrats on the House Ways and Means Committee released Trump’s tax returns Friday, after he lost a multi-year legal battle to keep them private. The documents show the president’s complex, and sometimes unusual, financial situation.

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How Jim Bakker became the Johnny Carson of Christian TV

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