How will NYT article about Donald Trump's tax records impact race? 4:00
Trump Tax Return Shows He Could Have Avoided Taxes for 18 Years: NYT
Politics Oct 2 2016, 12:26 pm ET
Trump Tax Return Shows He Could Have Avoided Taxes for 18 Years: NYT
by Phil Helsel
Donald Trump declared a $916 million loss on his 1995 state income tax returns, according to documents obtained by the New York Times.
In an article posted online Saturday night, previous tax returns appear to show the businessman and GOP nominee reported a nearly $1 billion loss, which could have been used to offset federal taxes.
An unsigned statement from the Trump campaign posted to its website late Saturday did not appear to deny or dispute a single fact in the Times story, but asserted the document was "illegally obtained."
Trump himself tweeted early Sunday: "I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them." Again, he did not deny or dispute the Times' findings.
Three tax experts hired by the Times said the size of the deduction and tax rules governing wealthy filers could have allowed Trump to legally pay no federal income taxes for 18 years. There is nothing in the report that shows he actually took advantage of the rules to avoid paying taxes.
READ MORE: http://www.nbcnews.com/politics/2016-elect...
Trump Tax Return Shows He Could Have Avoided Taxes for 18 Years: NYT
by Phil Helsel
Donald Trump declared a $916 million loss on his 1995 state income tax returns, according to documents obtained by the New York Times.
In an article posted online Saturday night, previous tax returns appear to show the businessman and GOP nominee reported a nearly $1 billion loss, which could have been used to offset federal taxes.
An unsigned statement from the Trump campaign posted to its website late Saturday did not appear to deny or dispute a single fact in the Times story, but asserted the document was "illegally obtained."
Trump himself tweeted early Sunday: "I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them." Again, he did not deny or dispute the Times' findings.
Three tax experts hired by the Times said the size of the deduction and tax rules governing wealthy filers could have allowed Trump to legally pay no federal income taxes for 18 years. There is nothing in the report that shows he actually took advantage of the rules to avoid paying taxes.
READ MORE: http://www.nbcnews.com/politics/2016-elect...
