Criming While White: Why Would Trump Change a Tax System That Made Him Rich?

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The Republican presidential candidate ran up almost a billion dollars in losses and debts in 1995, but the likelihood that Donald Trump hasn’t paid any federal taxes in almost 20 years isn’t the problem. What is the problem is that Trump is running on the promise of ending the very system that made him rich, and nobody in his or her right mind can believe him after this revelation.

The 2016 election’s first manufactured “October surprise” is a full-length investigative story from the New York Times about Donald Trump’s taxes. More specifically, the fact that after running up almost a billion dollars in losses and debts in 1995, Trump has likely not paid any taxes in almost 20 years. This in and of itself isn’t the problem; what is the problem is that Trump is running on the promise of ending the very system that made him rich, and nobody in his or her right mind can believe him after this revelation.

The Times story is pretty extensive. Using just three pages of a 1995 tax return that was sent from an anonymous source in Trump Tower, the journalists managed to piece together a pretty fascinating story. Trump posted losses of over $916 million in 1995, around the time his casinos, airline and several other business ventures went belly up. Under tax laws at the time, you could spread out losses over several years to essentially avoid paying any federal taxes.

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