So, basically, I've probably paid more federal tax this year alone than Trump has in the last 20 fucking years. pic.twitter.com/g094AB0vj2
— Casey (@pari_passu) October 2, 2016
Anyone within a hundred miles of Trump tonight better shield their electronics in lead, because Kellyanne Conway is going to be setting off EMP’s so the mandarin manchild doesn’t melt down on twitter:
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.
The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, 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.
Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said tax rules that are especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.***
“He has a vast benefit from his destruction” in the early 1990s, said one of the experts, Joel Rosenfeld, an assistant professor at New York University’s Schack Institute of Real Estate. Mr. Rosenfeld offered this description of what he would advise a client who came to him with a tax return like Mr. Trump’s: “Do you realize you can create $916 million in income without paying a nickel in taxes?”
Fuck this guy.
Now he has to produce his real records to disprove this or we’ll just have to assume he’s a shitty businessman who lost a billion dollars years after the crash and doesn’t pay any taxes.