Donald Trump used a legally dubious maneuver in the '90s to avoid reporting.
Source: nyt
Donald J. Trump proudly acknowledges he did not pay a dime in federal income taxes for years on end. He insists he merely exploited tax loopholes legally available to any billionaire — loopholes he says Hillary Clinton failed to close during her years in the United States Senate. “Why didn’t she ever try to change those laws so I couldn’t use them?” Mr. Trump asked during a campaign rally last month.
But newly obtained documents show that in the early 1990s, as he scrambled to stave off financial ruin, Mr. Trump avoided reporting hundreds of millions of dollars in taxable income by using a tax avoidance maneuver so legally dubious his own lawyers advised him that the Internal Revenue Service would likely declare it improper if he were audited.
Thanks to this one maneuver — which was later outlawed by Congress — Mr. Trump potentially escaped paying tens of millions of dollars in federal personal income taxes. It is impossible to know for sure because Mr. Trump has declined to release his tax returns, or even a summary of his returns, breaking a practice followed by every Republican and Democratic presidential candidate for more than four decades.
Read more: http://www.nytimes.com/2016/11/01/us/politics/donald-trump-tax.html?
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How Donald Trump Avoided Paying Taxes Using Other People’s Money
More info: http://www.nytimes.com/interactive/2016/us/politics/trump-taxes-loophole.html
Oh the hypocrisy!
Our candidate released all of hers. No problem. Want to see and know something, there it is.
Donald's secrecy speaks volumes about the kind of person he is and would be if he ever is able to set foot in the White House.
GOTV. Early Vote. Absentee vote, but vote!
And millions of complete and utter assholes are still going to vote for him.
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