Donald Trump’s allies have said the billionaire is a “genius” if he paid no federal income taxes for 18 years.According to the NY Times, it received some of Trump’s 1995 tax documents revealing $915 million losses that allowed him to legally avoid paying taxes, BBC reported.
The real estate mogul’s camp refused to confirm or deny the report, but said the filing was “illegally obtained“, while Democrat Hillary Clinton’s campaign called it a “bombshell”. Governor Chris Christie said the NY Times article was a “very good story” because it showcased the “genius” of Trump.
“A lot of the people that are poor take advantage of loopholes and pay no taxes,” the former New York mayor said on Sunday. “Those are loopholes also.”
Trump himself played down the report on Sunday. “I know our complex tax laws better than anyone who has ever run for President and am the only one who can fix them. #failing@nytimes,” he tweeted.
A former accountant for the property tycoon, Jack Mitnick, whose name appears as Trump’s tax preparer of the filings, said the documents appeared to be authentic copies of portions of the 1995 returns, according to the newspaper.
The Republican candidate’s camp accused the New York Times, which has endorsed the Democratic candidate for President, of being “an extension of the Clinton campaign”.
Source : Financial express