Supporters defend Trump as “genius” with taxes

posted by
October 3, 2016
Washington Post    
Posted in News, PND News

"Donald Trump's campaign, reeling Sunday after a report that the business mogul may not have paid taxes for as many as 18 years after declaring a $916 million loss on his 1995 returns, mounted a vigorous defense by calling the revelation proof of the Republican presidential nominee's 'genius.' A New York Times report late Saturday showed how Trump had used byzantine tax laws to cancel out income taxes after his real estate and casino empire nearly collapsed in the early 1990s, and the Times calculated that the resulting deductions may have allowed him to pay no federal income taxes for 18 years." [editor's note: Since the tax code is written by politicians, it will always benefit members of the political class, including the politically connected wealthy; seems kind of silly to expect Trump in particular to have rejected that benefit - TLK] (10/02/16)  

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