Donald Trump said 'of course' he used $916M loss to 'avoid' taxes
- 8 years ago
Donald Trump admitted “of course” he employed a provision of the tax code that allowed him to use a massive business loss he claims he suffered in the 1990s to "avoid" paying taxes.
Trump’s has drawn criticism for not releasing his federal income tax returns, saying he is currently under audit.
A portion of his 1995 tax returns were leaked to The New York Times, showing he claimed a $916 million loss, which may have allowed him not to pay personal federal income tax for years after.
I understand the tax code better than anyone and it's complex.
I pay tremendous numbers of taxes and I used it and so did Warren Buffett and George Soros and the other people.
When asked if he can say how many years he did not pay taxes, Trump said he could not.
Trump’s has drawn criticism for not releasing his federal income tax returns, saying he is currently under audit.
A portion of his 1995 tax returns were leaked to The New York Times, showing he claimed a $916 million loss, which may have allowed him not to pay personal federal income tax for years after.
I understand the tax code better than anyone and it's complex.
I pay tremendous numbers of taxes and I used it and so did Warren Buffett and George Soros and the other people.
When asked if he can say how many years he did not pay taxes, Trump said he could not.