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Facing scrutiny over possibly not paying federal income tax for almost two decades, Donald Trump turned the tables on Hillary Clinton during the heated second presidential debate. The New York Times obtained a few pages of Trump's 1995 personal tax returns , revealing a $916 million loss that would have allowed him to legally avoid paying taxes for 18 years.
To debunk the implication that he avoids paying federal income taxes, Warren Buffett said that he has filed tax returns for 72 years, and that each and every one of them shows he has paid federal taxes. 5 Warren Buffett tax facts we just learned To debunk the implication that he avoids paying federal income taxes, Warren Buffett said that he has filed tax returns for 72 years, and that each and every one of them shows he has paid federal taxes.
The two main candidates for president of the U.S. - Democratic nominee Hillary Clinton, the former Secretary of State, and Republican challenger billionaire Donald Trump - are chasing after the votes of the younger generation. Each one wants to improve the tax benefits available to parents on the tax returns, but in different ways.
There's a big split in tea party supporters over the upcoming Nov. 8 election. How big? The former vice president of the Arlington Tea Party, Kelly Canon, put it this way: "We had a massive rebellion."
In a debate Sunday, Trump acknowledged using a nine-figure loss in 1995 to reduce tax obligations and sought to liken the move to strategies used by some of Democratic presidential nominee Hillary Clinton's wealthy supporters, including Buffett. On Monday, the billionaire Berkshire Hathaway chairman released information from his personal taxes and challenged the Republican presidential candidate to do the same.
So, does anyone remember why the United States is an independent country of fifty united states and not a colony of the British Empire? On July 4, 1776, a group of freedom-seeking and freedom-loving men put in writing a list of grievances against a tyrannical king. They stated the reasons that they, representing the thirteen individual colonies or states, had come to this momentous decision.
After days of nonstop coverage of Donald Trump's tax practices, including some from me, we can all use a good tax laugh. And now, just in time, I can offer it to you, courtesy of tax lawyer Jeff Yablon, who's just posted a list of funny tax quotes on Tax Notes.
Not all the claims in the vice presidential debate stand up to scrutiny. A look at some of them and how they compare with the facts: REPUBLICAN MIKE PENCE: "The fact that under this past administration, we've almost doubled the national debt is atrocious.... Hillary Clinton and Tim Kaine want more of the same."
In the first and only vice presidential matchup between Pence and Democrat Tim Kaine, Pence employed a decidedly professional tone in a bid to soften the GOP nominee's most controversial remarks. His effort to make the case for the ticket outshined his running mate and his opponent, but it came at a cost - he had to sidestep most of Trump's more damaging statements on the trail.
Donald Trump has a new defense for the report that he could have avoided paying federal income taxes for 18 years. At a campaign rally in Arizona on Tuesday, the Republican presidential candidate blamed his opponent Hillary Clinton for not enacting stricter tax laws when she was a senator from New York.
If losing $916 million and possibly avoiding federal income taxes for nearly two decades makes Donald Trump a brilliant businessman, we shudder to think what would make him a bad one. Like so much that involves Trump and his business dealings, this latest revelation remains shrouded in secrecy attributable to his refusal to release his tax returns.
Joe Biden has launched one of his fiercest attacks on Donald Trump, branding the presidential hopeful as ignorant, out of touch and unpatriotic. The US vice-president, looking to exploit what has been a tumultuous week for Mr Trump, slammed the businessman for his comments on Post-Traumatic Stress Disorder, his late night Twitter attack on a former beauty queen, and his tax record.
In an ideal world, the tax code would be simple enough to put accountants and tax-preparation firms out of business. That was the response to the New York Times' weekend story that Republican presidential nominee Donald Trump may have paid no federal income taxes for 18 years because of a $916 million net operating loss he claimed on his 1995 tax return, pages of which were obtained by the Times.
Donald Trump reported losses of more than $900 million on his 1995 income tax returns filed in three states, as revealed in documents obtained by The New York Times, that experts say could have allowed him to forgo paying federal income taxes for nearly two decades. The revelation from a portion of Trump's tax returns for that year gives the most detailed insight yet into the Republican nominee's tax history during a time when his opponent, Democrat Hillary Clinton, has suggested Trump is hiding something from voters.
Donald Trump's decision to take a $916 million loss on his 1995 income tax return showed his business acumen and "genius" at figuring out how to minimize his tax bill, two of the Republican presidential candidate's advisers said on Sunday. "This is a perfectly legal application of the tax code.
Social Security is a major issue in the presidential election. First of all, the vast majority of Americans either collect Social Security benefits or plan to do so in the future.
Donald Trump concluded a very bad week on the presidential campaign trail Sunday by avoiding denying a news report that he may not have paid income taxes for nearly 20 years. Instead, Trump called himself an expert on the US tax code, as allies rushed to praise the real estate mogul's business acumen and fitness to be president as America heads toward the November 8 election.
Donald Trump reported a more than $900 million loss on his 1995 income tax returns filed in three states, as revealed in documents obtained by The New York Times that experts say could have allowed him to forgo paying federal income taxes for nearly two decades. The revelation from a portion of Trump's tax returns for that year gives the most detailed insight yet into the Republican nominee's tax history during a time when his opponent, Democrat Hillary Clinton, has suggested Trump is hiding something from voters.
Donald Trump could have avoided paying taxes for up to 18 years - legally. The New York Times has obtained and released several of Trump's tax records and found the presidential nominee declared a loss of about $916 million on his income taxes in 1995.