arrow_back Search

HOUSE_OVERSIGHT_033181

House Oversight Committee
insert_drive_file IMAGES-012-HOUSE_OVERSIGHT_033181.txt description DOCUMENT text_fields 137 words · 0.8k chars

Donald Trump Used Legally Dubious Method to Avoid Paying Taxes

Photo

Donald J. Trump in Atlantic City in 1990, seeking approval for his Trump Taj Mahal casino. Credit Associated Press

Donald J. Trump proudly acknowledges he did not pay a dime in federal income taxes for years on end. He insists he merely exploited tax loopholes legally available to any billionaire — loopholes he says Hillary Clinton failed to close during her years in the United States Senate. “Why didn’t she ever try to change

those laws so I couldn’t use them?” Mr. Trump asked during a campaign rally last month.

But newly obtained documents show that in the early 1990s, as he scrambled to stave off financial ruin,

Mr. Trump avoided reporting hundreds of millions of dollars in taxable income by using a tax avoidance

HOUSE_OVERSIGHT_033181