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The New York Times published an investigation on Wednesday which showed more than a billion dollars of losses from federal tax records.

The New York Times published an investigation on Wednesday which showed more than a billion dollars of losses from federal tax records.

Donald Trump at Aston, PA / Michael Vadon / Wikimedia Commons / CC BY-SA 4.0

The New York Times published an investigation on Wednesday which showed more than a billion dollars of losses from federal tax records.

Donald Trump at Aston, PA / Michael Vadon / Wikimedia Commons / CC BY-SA 4.0

Donald Trump at Aston, PA / Michael Vadon / Wikimedia Commons / CC BY-SA 4.0

The New York Times published an investigation on Wednesday which showed more than a billion dollars of losses from federal tax records.

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President Trump’s tax records show he lost over a billion dollars

A New York Times investigation revealed that President Donald Trump lost $1.17 billion in business losses. The investigation, which involved federal tax returns, was published on Wednesday and revealed that the losses occurred between 1985 and 1994.

Trump defended this loss of money as  practice used by many real estate developers through the ’80s and ’90s. However, when the New York Times compared the information from the records they obtained to the detailed information the IR.S. compiles on an annual sampling of high-income earners, Trump appears to have lost more money than any other individual taxpayer.

In 1985, he reported losses of $46.1 million from his core businesses which included casinos, hotels, and retail space in apartment buildings. He continued to lose money every year, totaling $1.17 billion in losses for the decade.

Colorado school shooting leaves one dead

A shooting at STEM School Highlands Ranch in Highlands Ranch, Colo., left one person dead and eight injured. Kendrick Castillo, a senior at the school, jumped in front of the gunman and was shot dead.

Castillo’s death comes only a week after a student at the University of North Carolina at Charlotte was killed when he stepped in to stop a gunman on campus.

Schools in the Front Range area of Colorado have been uneasy in the past several weeks due to security concerns.

Last month, hundreds of schools in the Denver area were temporarily closed after a threat was reported before the 20th anniversary of the shooting at Columbine High School.

The suspects carried at least two handguns and, according to authorities, were former students at the school. In Colorado, it is illegal for anyone under 21 to own a handgun, and Sheriff Tony Spurlock of Douglas County said neither suspect had been on law enforcement’s radar before the shooting and that the motive was unknown.

Uber and Lyft drivers strike for better conditions

On Wednesday, Uber drivers went on strike around the world. The strike served as a protest against the company’s payment policies. The strike came right before the company went public on Friday at the New York Stock exchange.

Drivers logged out of the company’s app to make a statement regarding higher wages and employment policies. Because Uber, as well as its competitor Lyft, have long considered their drivers independent contractors, this means that drivers do not have the same rights as employees do in many countries.

The strikes varied in length and specific demands by city. In San Diego and Los Angeles, drivers stopped working for 24 hours. In Atlanta, workers struck for 12 hours and in New York City, a two-hour strike occurred during the morning commute.

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About the Writer
Nina Heller, Staff Writer

Nina Heller is a senior, and this is her third year on staff for Scot Scoop. She enjoys politics, spending time with her friends, and podcasts, as well...

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