Trump reacts to NY Times tax record story
Donald Trump reacted Sunday morning to the New York Timesreporting that it received a 1995 tax records for Trump that revealed a $916 million loss that could have allowed the businessman to avoid paying taxes for up to 18 years.I find it ironic that a news organization that has been losing money hand over fist for years and probably has paid less in taxes than Trump would make an issue of his tax loss carryforward. My speculation is that the paper has a significant tax loss carryforward of its own.
"I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them," Trump tweeted, using the hashtag #failing@nytimes.
Trump's 1995 tax returns were mailed to the publication by an anonymous sender last month, according to the Times in a report published late Saturday evening. The newspaper said it hired tax experts to examine the tax returns, and had the documents' legitamacy confirmed by a certified public accountant who prepared Trump's taxes until 1996.
Trump's campaign defended the Republican nominee in a statement Saturday evening that accused the Times of "illegally" obtaining the "alleged tax document" and said the publication is working with Hillary Clinton's campaign.
"Mr. Trump is a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required," the campaign said.