President Donald Trump fired back Wednesday morning against a stinging news report that cast him as an incompetent, money-losing business disaster, saying massive losses he reported to the IRS decades ago were common tax dodges. ‘Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases,’ the president tweeted. ‘Much was non monetary.’ ‘Sometimes considered “tax shelter,” you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport.’ Trump also said a lengthy New York Times story based on months of investigation was based on ‘very old information,’ and called the result ‘a highly inaccurate Fake News hit job!’ In the span of nearly a decade, the Times found, Trump lost more money than nearly any other individual American taxpayer. A colection of brief transcriptions from Trump’s Internal Revenue Service tax returns, dating from 1985 to 1994, revealed that the future president lost $1.17 billion in 10 years. President Donald Trump came out swinging…