Saturday, May 21, 2016

Trump once revealed his income tax returns…

… They showed he didn’t pay a cent

By Drew Harwell May 20 at 1:00 PM, WashPost

The last time information from Donald Trump’s income-tax returns was made public, the bottom line was striking: He had paid the federal government $0 in income taxes.

The disclosure, in a 1981 report by New Jersey gambling regulators, revealed that the wealthy Manhattan investor had for at least two years in the late 1970s taken advantage of a tax-code provision popular with developers that allowed him to report negative income.

Today, as the presumptive Republican presidential nominee, Trump regularly denounces corporate executives for using loopholes and “false deductions to “get away with murder” when it comes to avoiding taxes.

“They make a fortune. They pay no tax,” Trump said last year on CBS. “It’s ridiculous, okay?”

(More here.)

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