Posted on 10/01/2016 6:45:21 PM PDT by M. Thatcher
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.
The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.
Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said tax rules that are especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.
(Excerpt) Read more at nytimes.com ...
They don’t dig like this on Democrats.
So, Trump had a huge loss. Losses happen to virtually all businesses.
What is wrong with not paying tax from a loss? Is the NYT suggesting all businesses pay tax as if it were a profit, but on losses?
Disgusting.
How does The Times “obtain” a tax return?
Hand delivered to the NYT by an excited John Koskinen.
anybody can avoid paying taxes on real estate profits. The tax code is tailor made for real estate investors.
So what.
So the IRS is now leaking Trump’s tax returns? Surprise, surprise, surprise.
And??
“TERRE HAUTE, Ind. (BorowitzReport) — A blazing fire that ravaged Sen. Hillary Clinton’s campaign headquarters in Terre Haute, Indiana, destroyed more than just the building, campaign officials revealed today.
A spokesman for the Clinton campaign said that the 2007 tax returns of Mrs. Clinton and her husband, former President Bill Clinton, went up in flames along with everything else.
In fact, according to a spokesman for the Terre Haute Fire Department, the tax returns may have been ignited first, setting off the conflagration that burned the building to the ground.
“Based on our initial investigation, it looks like gasoline was poured all over the tax returns and then set ablaze,” said THFD spokesman Tracy Klujian. “Whoever did this has experience in destroying records.”
While the Terre Haute police have yet to name any suspects in the inferno, an eyewitness to the fire said he saw a “person in a yellow pantsuit with black trimming” fleeing the building moments after the campaign headquarters caught on fire.
At a press conference in Pittsburgh, Mrs. Clinton said that the incineration of her tax records was “a great personal loss,” adding, “I was so looking forward to sharing them with the American people.”
Mrs. Clinton cut her press conference short after a protracted coughing fit, complaining of smoke inhalation.”
http://www.huffingtonpost.com/andy-borowitz/fire-in-clinton-campaign_b_96210.html
It took 4 people to write this tripe?
YAWN, 1995 , LOL
I want to know about hillary’s crminal emails and bribery. I want to know about her poor health and her attacks on women that were sexually abused by her husband. This other stuff is nothing.
So, it shows he had some bad business experiences. Doesn’t mean he’s done anything illegal. BTW, it’s been more than 18 years.
Huh. Imagine that. He follows the laws, takes a tax loss, and the Slimes wants to make him a pariah.
How about the Clinton Foundation stealing funds that should have been used for poor Haitians?
How about Juanita Broaddrick?
The 13 hours in Benghazi?
The Iranians getting nukes?
The Slimes can shove it. Hard. Then deep.
Is this dishonest? Apparently not.
How did the Times get Trump’s IRS tax returns?
I bet Obama or a Clinton gave the Times the copy.
I knew they had Trump’s IRS Return when Hillary implied it during the Debate.
This is so unfair, the Clintons and the Times are colluding.
It’s a political screed, plus one sentance on his taxes.
Every business uses carryover loses if they have them, non issue and totally legal.
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