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What IRS data shows about how far Trump pushed tax rules in 1995

The U.S. tax code has long given entrepreneurs a break for taking risks and losing money. But, in 1995, GOP presidential candidate Donald Trump apparently took that idea to an entirely new level. On Sunday, The New York Times reported that Trump converted nearly a billion dollars in business losses — from failed ventures in casinos, real estate and a now-defunct regional airline — to win a free pass with the IRS with the potential to shield as much as 18 years of his personal income from taxes.
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