Former New York City mayor Rudy Giuliani has called Republican presidential nominee Donald Trump “a genius”, after a report indicated that Trump may have legally avoided paying income taxes for nearly two decades.
The New York Times reported on Saturday that the billionaire businessman reported a loss of $916 million on his 1995 income tax returns, and, according to tax experts, the tax deduction was so substantial that could have allowed Trump to legally avoid paying taxes for a period of 18 years.
Defending Trump, Giuliani said in an interview with CNN on Sunday that “this is part of our tax code.”
“The man’s a genius. He knows how to operate the tax code to the benefit of the people he’s serving,” the Republican politician said.
“It shows what a genius he is. It shows he was able to preserve his enterprise and that he was able to build it,” he reiterated.
Giuliani said Trump could not be blamed for failing to pay federal income…