“The last time information from Donald Trump’s income-tax returns was made public, the bottom line was striking: He had paid the federal government $0 in income taxes.
The disclosure, in a 1981 report by New Jersey gambling regulators, revealed that the wealthy Manhattan investor had for at least two years in the late 1970s taken advantage of a tax-code provision popular with developers that allowed him to report negative income.
Today, as the presumptive Republican presidential nominee, Trump regularly denounces corporate executives for using loopholes and ‘false deductions’ to ‘get away with murder’ when it comes to avoiding taxes.
‘They make a fortune. They pay no tax,’ Trump said last year on CBS. ‘It’s ridiculous, okay?'”
— “Trump once revealed his income tax returns. They showed he didn’t pay a cent.” Drew Harwell, Washington Post
More:
“Donald Trump, the welfare king,” Dana Milbank, Washington Post
“Donald Trump signed off deal designed to deprive US of tens of millions of dollars in tax,” Ruth Sherlock, Edward Malnick, and Claire Newell, The Telegraph
See Kim Warp’s New Yorker take here.
Related:
“Trump’s Chip-Shot Charity,” NotionsCapital
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