Headline Roundup • October 2nd, 2016
Possible Tax Reveal for Trump
Summary from the AllSides News Team
Featured Coverage of this Story
New York Times (News)
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.
Daily Beast
Donald J. Trump’s threat to sue the New York Times for its report about his leaked 1995 state tax returns showing he lost nearly $1 billion is as predictable as it is laughable.
Trump’s lawyer pledged “prompt initiation of appropriate legal action” against the Times, saying the Oct. 1 story was “illegal” because Trump did not authorize the release of his confidential tax returns.
Former New York City Mayor Rudy Giuliani said Sunday that Republican presidential nominee Donald Trump is an “absolute genius” for claiming nearly $1 billion in deductions in a 1996 tax return that likely got him out of paying income taxes for years.
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