In October, the New York Times reports that “Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades.” Specifically, it reports that according to a previously undisclosed 1995 tax filing, Trump reported a $916 million loss on his income tax returns that year which could have allowed him to legally avoid paying any federal income tax for up to 18 years. As it explains, “the 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump 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.”
Trump said that he had no financial ties or business deals with Russia. He then dismissed the concerns of a reporter who asked Trump whether he would be releasing his tax returns to prove it.
“I’m not releasing the tax returns because, as you know, they’re under audit,” Trump said. The reporter pointed out that presidents have been releasing their returns since the 1970s. Trump interrupted her and said, “Oh, gee, I never heard that.”
“You know, the only one that cares about my tax returns are the reporters, okay? They’re the only ones,” he said, saying he thought the American public isn’t concerned about it. “I won; I mean, I became president.
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