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How Trump Lost $916 Million and Dodged Taxes

David Cay Johnston, The Daily Beast: The big New York Times scoop that Donald Trump used $916 million of tax losses to enjoy many income tax-free years raised a question the newspaper didn't try to answer: How did Trump do it?... The story of Trump's income tax-free life begins in 1990 with Trump's well-documented mismanagement of his casinos and his admission that he paid far too much for "trophy properties" like the Plaza Hotel in Manhattan and 23 worn-out jetliners for the short-lived Trump Shuttle airline.
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