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After not paying federal income taxes since the 1970s, Donald J Trump had millions of dollars signed away in personal guarantees for business ventures in the 1980s, cutting corners by underpaying undocumented Polish immigrants to refurbish his real estate ventures. In 1982, Trump reported to New Jersey regulators a personal net worth of $321 million, built largely on his father’s connections, as well as loans and guarantees for bank credit. Two years later, a Trump lieutenant testified that his worth had not changed much.
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