Former returns show Trump paid no taxes
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He brags about making loads of money, but shows negative income for tax purposes.
…a new Washington Post article entitled “Trump’s income tax returns once became public [shows] he didn’t pay a cent.” The article surfaces a 1981 New Jersey Casino Control Commission report that includes tax information that Trump submitted as part of his application for a gaming license, and contains a tantalizing hint at what might be in Trump’s more recent returns:
State records show that Trump claimed that his combined income in 1978 and 1979 was negative $3.8 million, allowing him to pay no taxes. A few years earlier, he had told the New York Times he was worth more than $200 million.
Tax analysts say it is possible that Trump pays very low income taxes, or no taxes at all, using tactics available to wealthy investors and developers, such as depreciating the value of real estate.
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