The Independent reports Donald Trump declared a loss so substantial on his struggling businesses in 1995 that they may have ensured that he would be freed from paying income tax to the federal government for a full 18 years, citing evidence from the NYT. The Independent suggests that the NYT threw a grenade in the race for president late on Saturday, publishing the Manhattan mogul’s tax return in full for that year showing his then stumbling business empire, principally of hotels and casinos, had reported a shocking loss of $916 million to the tax authorities.
Apart from Trump’s tax affairs, there’s the issue of who bankrolled his failing business empire?
Thoughts?
Dr Alf's Blog 