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Four Years of Tax Returns All Show Donald Trump Did Not Pay Federal Taxes
Although GOP presidential nominee Donald Trump has not released his tax returns, citing a "routine audit," court cases and other litigation procedures have revealed three years of tax returns, each showing the Republican nominee paid $0 in federal income tax.
A report from the New York Times released Saturday night adds another year that shows Trump did not pay federal income taxes in 1995. The report from the Times is largely based on documents the newspaper obtained in which the real estate mogul claimed about $916 million in losses "that would have been large enough to wipe out more than $50 million a year in taxable income over 18 years," the Times reported.
<snip>
Trump incurred no tax liability in 1978 and 1979, New Jersey gambling regulators found, when they looked into his tax returns and personal finances in connection with the Trump Plaza Corporation's 1981 application for a casino license. Trump claimed negative income in both those years: losses of $406,379 in 1978 and of $3,443,560 in 1979. In 1975, 1976, and 1977, he claimed $76,210, $24,594, and $118,530 in income, respectively, paying $18,714, $10,832, and $42,386 in federal taxes, according to the document, the Report to the Casino Control Commission. -ABCnews.com
A report from the New York Times released Saturday night adds another year that shows Trump did not pay federal income taxes in 1995. The report from the Times is largely based on documents the newspaper obtained in which the real estate mogul claimed about $916 million in losses "that would have been large enough to wipe out more than $50 million a year in taxable income over 18 years," the Times reported.
<snip>
Trump incurred no tax liability in 1978 and 1979, New Jersey gambling regulators found, when they looked into his tax returns and personal finances in connection with the Trump Plaza Corporation's 1981 application for a casino license. Trump claimed negative income in both those years: losses of $406,379 in 1978 and of $3,443,560 in 1979. In 1975, 1976, and 1977, he claimed $76,210, $24,594, and $118,530 in income, respectively, paying $18,714, $10,832, and $42,386 in federal taxes, according to the document, the Report to the Casino Control Commission. -ABCnews.com
That's the best candidate the republicans could field this year. And he wants to do for America what he's done in business.
