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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBill cheated on Hillary - Donald cheated on all of us.
It appears he paid no federal taxes at all for 18 years!
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http://www.huffingtonpost.com/entry/trump-tax-bombshell-may-not-have-paid-for-18-years_us_57f07866e4b082aad9bbadad?
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Republican presidential nominee Donald Trump declared a $916 million loss on his 1995 income tax returns and the large tax deduction may have allowed him to avoid paying federal income taxes for up to 18 years, the New York Times reported on Saturday.
The Trump campaign, in a statement responding to the Times report, said that the tax document was obtained illegally and that the New York Times is operating as an extension of the presidential campaign of Democratic rival Hillary Clinton.
The Times said it had obtained Trumps 1995 tax records and that they showed he received the large tax benefits from financial deals that went bad in the early 1990s.
The newspaper said that tax experts it hired to analyze Trumps records said tax rules which are especially advantageous to wealthy filers would have let Trump use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.
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IllinoisBirdWatcher
(2,315 posts)DawgHouse
(4,019 posts)kentuck
(111,104 posts)Where did he get 916 million in losses?
According to the NYTimes article linked in the post: "Reports that year by New Jersey casino regulators gave glimpses of the balance sheet carnage. The Trump Taj Mahal casino reported a $25.5 million net loss during its first six months of 1990; the Trumps Castle casino lost $43.5 million for the year. His airline, Trump Shuttle, lost $34.5 million during just the first six months of that year."
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That comes nowhere near 916 million dollars???
pansypoo53219
(20,981 posts)i swear. some CONSERVATIVES have brain damage.
Response to kentuck (Original post)
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Stuart G
(38,436 posts)malaise
(269,063 posts)Rec