as declared in huffingtonpost
Donald Trump Says He 'Brilliantly' Used Tax Laws After Bombshell Report
Donald Trump Says He 'Brilliantly' Used Tax Laws After Bombshell Report
PUEBLO, Colo. (Reuters) - Republican presidential nominee Donald Trump said on Monday he "brilliantly used" U.S. tax rules to his advantage in trying to limit the amount he paid in taxes, arguing it helped him survive a difficult period in the real estate market."I was able to use the tax laws of this country and my business acumen to dig out of the real estate mess ... when few others were able to do what I did," Trump told a crowd in Pueblo, Colorado.It was Trump's first extended comments since a New York Times report said he had claimed a $916 million loss on his 1995 tax returns, which experts said might have allowed him to avoid paying federal income taxes for 18 years.
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not to mention huffingtonpost
Seth Meyers Mocks 'Scam Artist' Donald Trump Over His Tax Returns
Seth Meyers Mocks 'Scam Artist' Donald Trump Over His Tax Returns
Seth Meyers didn't hold back when analyzing the ongoing saga of Donald Trump's tax returns on Monday.The "Late Night" host taunted Trump over the bombshell New York Times report released Saturday that showed how he could have legally avoided paying any federal income taxes for up to 18 years.Meyers speculated about who could have leaked the files ― and be warned, it's an extraordinarily long list.
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furthermore nytimes
Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found
Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found
A flaw in the tax software program he used at the time prevented him from being able to print a nine-figure loss on Mr. Trump's New York return, he said.So, for example, the loss of "-915,729,293" on Line 18 of the return printed out as "5,729,293." As a result, Mr. Mitnick recalled, he had to use his typewriter to manually add the "-91," thus explaining why the first two digits appeared to be in a different font and were slightly misaligned from the following seven digits."This is legit," he said, stabbing a finger into the document.
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moreover from nytimes
How a Simple Tax Rule Let Donald Trump Turn a $916 Million Loss Into a Plus
How a Simple Tax Rule Let Donald Trump Turn a $916 Million Loss Into a Plus
More than 500,000 individual taxpayers took advantage of the same tax rule as Mr. Trump in 1995, according to the Internal Revenue Service.The average loss they claimed, however, was just $97,600.Mr. Trump's $916 million loss accounted for almost 2 percent of the national total.
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