Records Show Donald Trump May Have Avoided Taxes for 18 Years

Also see: A Trump Presidency Could End Press Freedom, Say Reporters Threatened for Reporting on His Taxes

With just over a month until Election Day, The New York Times has dropped a bombshell report that suggests Republican presidential nominee Donald Trump may have avoided paying any federal income taxes for 18 years. Trump’s campaign has not challenged the authenticity of the leaked tax documents used in the story. We get the details from three-time Pulitzer Prize-winning reporter David Barstow, who led the Times’ investigation, and David Cay Johnston, another Pulitzer Prize-winning investigative reporter and author of the new biography, The Making of Donald Trump.

TRANSCRIPT:

AMY GOODMAN: Does Donald Trump pay taxes? We begin today’s show with an explosive report from The New York Times that suggests the Republican presidential nominee may have avoided paying any federal income taxes for 18 years. The Times has obtained three of Trump’s tax returns, showing he claimed an income tax loss of nearly $917 million in 1995. The deduction means Trump could have paid zero federal income tax over an 18-year period. Since the report came out, the Trump campaign has not challenged the authenticity of the tax documents. Instead, it issued a statement, that, quote, “Mr. Trump is a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required,” unquote. On Monday, Trump claimed he successfully exploited tax loopholes created by special interests, and said he’s the best person to fix the broken system.

DONALD TRUMP: It is an unfair system and so complex that very few people understand it. Fortunately, I understand it. This is not the fault of the IRS, but the political class that is owned outright by the special interests and lobbyists. Believe me. It’s these politicians who wrote the tax code and who are constantly adding, revising and changing an already overcomplicated set of laws, all at the…

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