Donald Trump declared a loss of $916 million on his income tax returns for 1995, and — because of tax rules that favor wealthy real-estate investors — he could have used that loss to avoid paying any federal income taxes for up to 18 years, according to a report in The New York Times. The information comes from three pages that appeared to be from tax returns Trump filed in New York, New Jersey and Connecticut.
Donald Trump declared a loss of $916 million on his income tax returns for 1995, and — because of tax rules that favor wealthy real-estate investors — he could have used that loss to avoid paying any federal income taxes for up to 18 years, according to a report in The New York Times. The information comes from three pages that appeared to be from tax returns Trump filed in New York, New Jersey and Connecticut.
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