On Saturday, The New York Times released part of Donald Trump’s 1995 tax returns that revealed over $900 million in business losses and concluded that Trump could have avoided paying any federal income taxes for 18 years, deducting up to $50 million a year from his taxable income each year.
If true, Trump may have avoided paying up to $360 million in taxes over 18 years.
Continue reading “The Moral Hazard Hidden in Trump’s Tax Returns”