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Leaked Documents Claim Donald Trump May Have Avoided Tax for 18 Years

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HICKORY, NC - MARCH 14:  Republican presidential candidate Donald Trump addresses the crowd during a campaign rally at Lenoir-Rhyne University March 14, 2016 in Hickory, North Carolina. The North Carolina Republican primary will be held March 15. (Photo by Sean Rayford/Getty Images)

HICKORY, NC – MARCH 14: Republican presidential candidate Donald Trump addresses the crowd during a campaign rally at Lenoir-Rhyne University March 14, 2016 in Hickory, North Carolina. The North Carolina Republican primary will be held March 15. (Photo by Sean Rayford/Getty Images)

Report said that Donald Trump, U.S. Republican presidential candidate could have avoided paying federal income taxes for as long as 18 years.

The information is contained in a leaked tax document obtained on Sunday by the New York Times in Washington.

The Republican presidential candidate’s tax forms had been a major issue in the campaign because unlike other modern-day nominees for the White House, he had refused to make them public.

The New York Times stated that Trump claimed he could not release them because he was being audited by the U.S. tax authority, in spite of the fact that there was no law or precedent to preclude their release.

It referenced President Richard Nixon, as releasing his records while under audit in 1973.

The New York Times reported that it had received Trump’s 1995 income tax returns, in which he declared a $916 million loss due to failed business ventures.

The paper disclosed that the “Tax experts it hired concluded that rules especially advantageous to wealthy filers would have allowed Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.”

Trump’s critics have accused him of hiding something in his tax returns that could be damaging to his presidential bid.

At their first debate last week Democratic nominee Hillary Clinton speculated he was not releasing them because they could reveal “he’s not as rich” or “charitable as he claims.”

Clinton said they might show “he’s paid nothing in federal taxes,” to which Trump interjected “That would make me smart.”

Meanwhile, a Trump campaign statement said the Times had “illegally obtained” the document, but it did not dispute the report.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

15 Comments

  1. Akos

    October 2, 2016 at 11:38 pm

    How can a would be president avoid tax in U.S. That’s why he doesn’t want to reveal his Tax Returns.

    • Marlvina

      October 3, 2016 at 8:04 pm

      And yet you will be surprised that some mofo’s wld still support and vote for him, yet they pay tax over a $10 per hr job. sighs!

  2. EC

    October 3, 2016 at 6:45 am

    na today. But racists will still vote for him. Yet Obama was called all sorts of names for allegedly being Muslim and not American.

  3. yemite

    October 3, 2016 at 9:03 am

    End is coming, woman can only b assistant/deputy to president/leader, when woman is fighting 2become leader then is an instrument of devil.

    • bebe

      October 3, 2016 at 10:05 am

      I’m sure you are kidding, right ?

    • miini

      October 3, 2016 at 1:35 pm

      Are you the devil?

    • Icrossmyheart

      October 4, 2016 at 6:44 am

      This is definitely a troll. Definitely. So I am just going to ignore this comment.

  4. Ify

    October 3, 2016 at 9:03 am

    What!!? I thought people go to prison for not paying tax.

    • EC

      October 3, 2016 at 9:21 am

      Yes people are imprisoned but when you are a rich white man then there are exceptions

    • Corolla

      October 3, 2016 at 12:13 pm

      Did you read the article at all? What he did is not illegal. He reported a loss of $916 million, and the law allows citizens to not pay tax up to the amount of the reported loss for a certain amount of years. While this is a loophole that rich business men like like crazy Trump take advantage of, it isn’t illegal.

    • Iris

      October 3, 2016 at 2:14 pm

      I believe what he did was tax avoidance, not tax evasion. It is evasion that is illegal. The trouble is tax avoidance doesn’t look good when you’re running for president, even though it isn’t illegal.

  5. Ify

    October 3, 2016 at 9:07 am

    I think this man is not qualified to be president of the united states of America full stop.

  6. X

    October 3, 2016 at 10:15 am

    Maybe Trump is still a Democrat and all this was well planned from beginning

    • Iris

      October 3, 2016 at 2:11 pm

      Lol I believe in my heart of hearts that he holds more democratic views than republican ones. However, his opinions about certain things including corporations would have never flown with democrats and he wouldn’t have stood a chance there against contenders with actual political experience, so he defaulted to Republican and ‘republicaned-up’ some of his views. That’s what I think anyway.

  7. Anonymous

    October 3, 2016 at 11:45 am

    This would matter if people were voting for Trump based on logical reasons. Xenophobia, like other phobias, with a mixture of hate, seems like a sure banker for beating logic

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