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Some of President Donald Trump's tax transcripts have gone public and the president's attempts at spinning the staggering losses he incurred are being laughed out of the room.

A blockbuster report by The New York Times revealed on Tuesday that Trump, who for decades touted himself as a New York real estate mogul, "was already in deep financial distress" at the time he published The Art of the Deal, "losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns."

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