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Donald Trump's Tax Records: A Tale of Business Failures

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Floridatexan

Floridatexan


http://www.newsweek.com/donald-trump-federal-income-tax-records-506713

"It wasn’t just 1995.

Five years of tax information from the 1970s that Donald Trump provided to the New Jersey Department of Law and Public Safety show mismanagement and losses that could have pushed him into personal bankruptcy—but for the largesse of his Dad.

The recent report in The New York Times that a loss of almost $1 billion in 1995 may have allowed Donald Trump to avoid federal income taxes for almost 20 years set off attacks by Democrats and pushbacks by Republicans over his business acumen and ability to identify with Americans who pony up cash to the government every April 15.

Given that deducting a loss against income in future tax years is both common and legal, Hillary Clinton and her allies have focused primarily on the almost incomprehensible financial thrashing Trump took in that year: The primary qualification offered by the Republican nominee for why he should be president is because of his success in business, and such a gargantuan flop showed he was a bumbler, not a successful entrepreneur..."

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