Trump May Have Avoided Paying Taxes for Nearly Two Decades

[Toddsterpatriot]

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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years,

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

DERP!

It's not illegal. Republicans made it so!

It's never been illegal to deduct losses.

 

[hunarcy]

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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

I have to say that, though I don't want Trump to win, I question the idea that Trump's done anything wrong concerning taxes because he's been audited more than once. If there was anything wrong, wouldn't they have found it?

 

[yiostheoy]

Why is it that while Trump thinks it's a sign of brilliance of you can figure out how to pay no taxes,

he's ashamed to show his tax returns, which most likely show how 'brilliant' he is?

Trump is good at exaggeration. That is what his brand name is all about.

He is a hollow bluff and has no business anywhere inside The White House.

 

[rdean]

Tax Records Obtained by The Times Reveal Trump May Have Avoided Paying Taxes for Nearly Two Decades

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.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur&_r=0
Goddamn, that means he didn't pay all those police, our military, our veterans or the infrastructure that his goods moves across. This man is a crook.

Sorry....didn't happen....he paid taxes on every aspect of his businesses....every year....year after year...on top of creating thousands of jobs all across the country...creating new taxpayers.....

hilary made 2 billion dollars selling her office as Secretary of State, hiding the money in her fake charity......

Now you are assuming something you don't know.

And then you lied.

The Clinton's have posted their tax returns on line for the last 40 years.

The Clinton Foundation has it's financials posted on line since it started.

Republicans have unlimited tax payer money and have been investigating the Clinton Foundation since it started and haven't found a thing.

Now, about the Trump Foundation. What do you know about it?

 

[yiostheoy]

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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

I have to say that, though I don't want Trump to win, I question the idea that Trump's done anything wrong concerning taxes because he's been audited more than once. If there was anything wrong, wouldn't they have found it?

The IRS is just auditing his NOL's (net operating loss tax deductions) and potential refunds of excess tax paid-in.

Nothing there.

But precisely as Hillary said, Trump is a poor man not a rich man.

Trump has lost money not made it.

This election is going to end up killing Trump financially all around the world.

The jig is up for Trump.

His "brand" will be worthless after this.

Of course there is still the flickering of a chance that Trump's massive TV audience will turn out everywhere and elect him. That is a possibility that Hillary cannot ignore. This is probably why Hillary is going for the jugular of Trump.

 

[Indeependent]

Why is it that while Trump thinks it's a sign of brilliance of you can figure out how to pay no taxes,

he's ashamed to show his tax returns, which most likely show how 'brilliant' he is?

Trump is good at exaggeration. That is what his brand name is all about.

He is a hollow bluff and has no business anywhere inside The White House.

How did Hillary make 85 million other than giving Feel Good Globalism speeches?

 

[Toddsterpatriot]

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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

This however is still not as bad as Romney earning $20 million per year and paying only 14% tax on it.

Trump lost money -- that is the source of his tax return deductions.

Romney was making money hand over fist and paying lower tax on it than the working poor.

The Frontline documentary has made it clear that while Trump Towers was a success for Trump, everything else that he has touched has lost money by the ton. But the bankers in the coalition agreed to keep his brand name alive in order to keep the value of his remaining assets inflated.

That's life on Wall Street.

Trump is bankrupt. Hillary guessed it already.

This however is still not as bad as Romney earning $20 million per year and paying only 14% tax on it.

Why is that bad?

Romney was making money hand over fist and paying lower tax on it than the working poor.

How much does the "working poor" have to make to pay more than 14% in Federal Income taxes?

 

[2aguy]

Tax Records Obtained by The Times Reveal Trump May Have Avoided Paying Taxes for Nearly Two Decades

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.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur&_r=0
Goddamn, that means he didn't pay all those police, our military, our veterans or the infrastructure that his goods moves across. This man is a crook.

Sorry....didn't happen....he paid taxes on every aspect of his businesses....every year....year after year...on top of creating thousands of jobs all across the country...creating new taxpayers.....

hilary made 2 billion dollars selling her office as Secretary of State, hiding the money in her fake charity......

Now you are assuming something you don't know.

And then you lied.

The Clinton's have posted their tax returns on line for the last 40 years.

The Clinton Foundation has it's financials posted on line since it started.

Republicans have unlimited tax payer money and have been investigating the Clinton Foundation since it started and haven't found a thing.

Now, about the Trump Foundation. What do you know about it?

Nope....they haven't been audited in years....and they have corrupted CharityNavigator the private charity monitor......there are so many branches of the clinton mafia in so many countries now they can hide money wherever they want.....

 

[hunarcy]

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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

I have to say that, though I don't want Trump to win, I question the idea that Trump's done anything wrong concerning taxes because he's been audited more than once. If there was anything wrong, wouldn't they have found it?

The IRS is just auditing his NOL's (net operating loss tax deductions) and potential refunds of excess tax paid-in.

Nothing there.

But precisely as Hillary said, Trump is a poor man not a rich man.

Trump has lost money not made it.

So, you agree that there's nothing illegal concerning his taxes and we can just turn our attention to the fact that he shouldn't be President...excellent

 

[tyroneweaver]

This is approaching Bernie Madoff level fraud

Almost all right wing post are met from your political side about hillary not being in court and somehow trump is in court.
Now you contradict that and criticize Trump for not being prosecuted....Hillarious

 

[OKTexas]

This is approaching Bernie Madoff level fraud

Legal is not fraud.

And these douche bags don't understand why Trump doesn't want to release his tax returns.

I actually think douche bag matt has me on ignore, he never responds to me any more, he also seems to have lost any grasp on reality or has become a paid poster, if he thinks doing things legally is Madoff level fraud, Madoff went to jail.

Trump screws all his investors.

But he is not a criminal.

He is inept.

But he is not a criminal.

He is a liar. But not a criminal.

Don't you wish you could say the same about the hildabitch?

 

[hunarcy]

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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

This however is still not as bad as Romney earning $20 million per year and paying only 14% tax on it.

Trump lost money -- that is the source of his tax return deductions.

Romney was making money hand over fist and paying lower tax on it than the working poor.

The Frontline documentary has made it clear that while Trump Towers was a success for Trump, everything else that he has touched has lost money by the ton. But the bankers in the coalition agreed to keep his brand name alive in order to keep the value of his remaining assets inflated.

That's life on Wall Street

Trump is bankrupt. Hillary guessed it already.

Again, I thought the bottom 45% doesn't pay taxes, so how can anyone pay less tax than the working poor?

45% of Americans pay no federal income tax

 

[jasonnfree]

Tax Records Obtained by The Times Reveal Trump May Have Avoided Paying Taxes for Nearly Two Decades

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.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur&_r=0
Goddamn, that means he didn't pay all those police, our military, our veterans or the infrastructure that his goods moves across. This man is a crook.

Sorry....didn't happen....he paid taxes on every aspect of his businesses....every year....year after year...on top of creating thousands of jobs all across the country...creating new taxpayers.....

hilary made 2 billion dollars selling her office as Secretary of State, hiding the money in her fake charity......

It'll be kinda nice to have a prez who knows what it's like to make a living other than being on the government dole for a change, like most of our politicians have been. This is another of Trump's strong points.

 

[defcon4]

Matt, do not do tax deductions. Just pay taxes for everything you earn or your investments earn.
OTH, using the law for your advantage is smart policy whoever is utilizing it.

 

[2aguy]

Tax Records Obtained by The Times Reveal Trump May Have Avoided Paying Taxes for Nearly Two Decades

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.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur&_r=0
Goddamn, that means he didn't pay all those police, our military, our veterans or the infrastructure that his goods moves across. This man is a crook.

Sorry....didn't happen....he paid taxes on every aspect of his businesses....every year....year after year...on top of creating thousands of jobs all across the country...creating new taxpayers.....

hilary made 2 billion dollars selling her office as Secretary of State, hiding the money in her fake charity......

It'll be kinda nice to have a prez who knows what it's like to make a living other than being on the government dole for a change, like most of our politicians have been. This is another of Trump's strong points.

IF the clintons had just been on the government dole that would be bad but typical.....they sold their offices for money to foreign powers.....and gave up state secrets to hostile powers......remember the 1990s when they moved the process of declaring Technology Top Secret from the State Department to the Department of Commerce...which allowed their buddy at Loral Space to help China develop their missile technology......imagine what they did when they hid the money at the clinton foundation....how much evil did they commit for 2 billion dollars...

 

[jasonnfree]

Trump's tax returns vs clinton's lack of ability in handling matters of national security. Shouldn't be too hard to figure out which is more important.

 

[Toddsterpatriot]

This is approaching Bernie Madoff level fraud

Hey, fucktard, if you have losses one year, you don't owe taxes until that loss is "used up" by future earnings.

So much for that crap that the rich are entitled to lower tax rates because of the "RISK" they take!!!!

Losing $916 million......sounds like he took some risk.

 

[jasonnfree]

Tax Records Obtained by The Times Reveal Trump May Have Avoided Paying Taxes for Nearly Two Decades

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.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur&_r=0
Goddamn, that means he didn't pay all those police, our military, our veterans or the infrastructure that his goods moves across. This man is a crook.

Sorry....didn't happen....he paid taxes on every aspect of his businesses....every year....year after year...on top of creating thousands of jobs all across the country...creating new taxpayers.....

hilary made 2 billion dollars selling her office as Secretary of State, hiding the money in her fake charity......

It'll be kinda nice to have a prez who knows what it's like to make a living other than being on the government dole for a change, like most of our politicians have been. This is another of Trump's strong points.

IF the clintons had just been on the government dole that would be bad but typical.....they sold their offices for money to foreign powers.....and gave up state secrets to hostile powers......remember the 1990s when they moved the process of declaring Technology Top Secret from the State Department to the Department of Commerce...which allowed their buddy at Loral Space to help China develop their missile technology......imagine what they did when they hid the money at the clinton foundation....how much evil did they commit for 2 billion dollars...

Oh, the clintons are treasonous bastards and low lifes, but their supporters don't really care.

 

[OKTexas]

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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

This however is still not as bad as Romney earning $20 million per year and paying only 14% tax on it.

Trump lost money -- that is the source of his tax return deductions.

Romney was making money hand over fist and paying lower tax on it than the working poor.

The Frontline documentary has made it clear that while Trump Towers was a success for Trump, everything else that he has touched has lost money by the ton. But the bankers in the coalition agreed to keep his brand name alive in order to keep the value of his remaining assets inflated.

That's life on Wall Street.

Trump is bankrupt. Hillary guessed it already.

This however is still not as bad as Romney earning $20 million per year and paying only 14% tax on it.

Why is that bad?

Romney was making money hand over fist and paying lower tax on it than the working poor.

How much does the "working poor" have to make to pay more than 14% in Federal Income taxes?

Most of the working poor don't pay income taxes and still get money in the form of child tax credits, in other words, welfare though the tax system. According to H&R Block my effective tax rate last year was 1% and I'm in a 10% bracket.

 

[Ray From Cleveland]

I hear that Trump's negatives are hurting the family businesses. I hope they go broke. Not all of Trump's skeletons are even out of the closet yet.

And neither are Hillary's either thank goodness. It's October, and the October surprise is somewhere in the month I'm sure.