News 3 October 2016
Author: Benji

Donald Trump’s tax records are a mad ting

Author Benji
3 October 2016

Donald Trump’s presidential campaign could be dented slightly by the recent reveal of his tax records, showing he may have avoided paying income tax for nearly two decades.

The documents released by The New York Times indicate that Trump could have legally avoided federal tax income in the past, present and future due to his declaration of a substantial $916 million loss in his personal filing in 1995.

The loss is partly due to the mismanagement of his three Atlantic City casinos in the early 1990s, according to reports.

His campaign have since commented on the allegations, “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.

“That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes.”

The tax records follow a dubious statement made at the presidential debates, saying he was “smart” for not paying taxes.

Check Donald Trump’s top idiotic moments here on GRM Daily.