Trump, Who May Not Have Paid Taxes for 18 Years: ‘I Hate the Way They Spend Our Tax Dollars’ (Video)
‘Our’?
Defending himself to a very supportive Colorado audience Monday afternoon Donald Trump alluded to the shocking news from a New York Times report that suggests the Manhattan real estate mogul may not have paid any federal income taxes for nearly a decade after losing almost a billion dollars in the 1990’s.
“I’m working for you now, I’m not working for Trump,” he told cheering supporters, who reaponded by shouting, “Trump! Trump! Trump!” repeatedly.
Donald Trump on tax laws: “I’m working for you now, I’m not working for Trump” https://t.co/fJDmifczrk https://t.co/bkjCCJTUZj
— CNN (@CNN) October 3, 2016
“I have legally used the tax laws to my benefit,” Trump admitted, not stating wherther or not the findings in the Times are accurate. “And to the benefit of my company, my investors, and my employees.
“Honestly, I have brilliantly used those laws,” he bragged. I have often said on the campaign trail that I have a fiduciary responsibility to pay no more tax than is legally required.”
“Or, put another way, to pay as little tax as legally possible.”
The New York Times report says the Republican presidential nominee “declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.”
.@realDonaldTrump says he has legally and brilliantly “used the tax laws to my benefit and to the benefit of my company…†pic.twitter.com/LbHOtjp5uk
— Fox News (@FoxNews) October 3, 2016
“And I must tell you, I hate the way they spend our tax dollars,” Trump said Monday afternoon, leading Huffington Post White House reporter to question Trump’s use of the word “our.”
“our” https://t.co/hn7WPWUPHg
— Jennifer Bendery (@jbendery) October 3, 2016
Earlier Monday, Hillary Clinton responded to the Times story by asking, “What kind of genius loses $1 billion in a single year?”Â
.@HillaryClinton on Trump: “Here’s my question: What kind of genius loses $1 billion in a single year?” https://t.co/VLQiBPRjNG
— ABC News Politics (@ABCPolitics) October 3, 2016
Â
Enjoy this piece?
… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.
NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.
Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.