Donald Trump's '95 Taxes Show he Could Have Not Paid Taxes For Decades
Overview of this ControversyDate Originated:
October of 2016Categories: Donald TrumpDonald Trump's leaked 1995 tax returns show that he claimed a $916 million loss, which is so large that he could have avoided paying any Federal income tax for the next eighteen years or more. The massive loss happened due to his mismanagement of three casino's, a failed airline company, among other bad investments.
Tax law allows wealthy businessmen who lose a lot of money to spread out their loss over a number of years, effectively cancelling out any income tax they owe in future years.Source: http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html