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Donald Trump and reported tax avoidance for the $916 million loss in the 1995 tax return
11/01/2016
NYT report on November 1, 2016, describes tax avoidance maneuvres by Trump that enabled showing losses of this magnitude of $916 million mostly for casino losses, which would make it possible to avoid taxes on income earned in other businesses. Debt that is cancelled by creditors is normally shown as taxable income. A tax avoidance method enabled not showing this, increasing the size of the loss usable to offset other income from branding, television. NYT estimates that this would make it possible for Trump businesses to wipe out $50 million of taxable income for 18 years.
Grouped Articles
Donald Trump Used Legally Dubious Method to Avoid Paying Taxes
The New York Times 11.01.2016
Citing Recusal, Trump Says He Wouldn’t Have Hired Sessions
The New York Times 07.19.2017
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