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Tax policy is one of the issues on which the two nominees differ most. Their approaches are likely to draw new attention in the wake of a New York Times report that Trump's nearly $916 million in losses in 1995, according to tax records the paper received anonymously, means he may not have paid federal income taxes for as many as 18 years.
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Trump, allies try to contain tax avoidance story New York Times says Trump claimed a billion dollar loss and may have avoided taxes for years. Check out this story on USATODAY.com: http://usat.ly/2dQTYkT Republican presidential nominee Donald Trump gestures following a rally at Spooky Nook Sports center in Manheim, Pennsylvania on October 1, 2016.
Hillary Clinton's campaign Saturday night seized on a New York Times report about Donald Trump's 1995 tax records, in which the Times showed he declared a $916 million loss that could have allowed him to legally skip paying federal income taxes for years. The revelations threatened to put the controversy over Trump's refusal to follow recent precedent and release his tax returns at the center of the presidential campaign less than 40 days before the election, after a week in which the Republican nominee has struggled to bounce back from a debate in which most analysts and scientifically conducted polls scored Clinton as the winner.
Donald Trump's campaign is responding to a New York Times report that the real estate mogul claimed hundreds of millions of dollars in losses on tax returns in 1995 - an amount that could have allowed him to legally avoid paying income taxes for many years. The 1995 tax records obtained by the newspaper show Trump as having reported a $916 million loss on personal income tax returns during that year.
The New York Times' new report on Donald Trump's tax returns suggests why the republican candidate may have wanted to keep the documents secret. According to the Times, Trump wrote off a loss of nearly a billion dollars in 1995.
Donald Trump's business losses in 1995 were so large that they could have allowed him to avoid paying federal income taxes for as many as 18 years, according to records obtained by The New York Times. In a story published online late Saturday, the Times said it anonymously received the first pages of Trump's 1995 state income tax filings in New York, New Jersey and Connecticut.
The Education Department is pursuing debt collection - rather than debt relief - for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration's actions. The Massachusetts Democrat reported the findings of a staff investigation in a letter Thursday to Education Secretary John B. King Jr. "It is unconscionable that instead of helping these borrowers, vast numbers of Corinthian victims are currently being hounded by the department's debt collectors," she said.
Janet Yellen and the Federal Reserve have pronounced 2 percent annual economic growth - perhaps a bit less - the new normal. Factoring in labor force growth that implies 1 percent growth for productivity and pre-tax wages, hardly anyone is average these days.
Donald Trump repeatedly clashed with Hillary Clinton during Monday's first presidential debate, interrupting her and appearing agitated at times as they tangled over the economy, her use of a private mail server and his unwillingness to release his income tax returns. Clinton maintained an even demeanour, smiling indulgently when Trump turned aggressive.
Get Boston Globe's Political Happy Hour newsletter , your afternoon shot of politics, sent straight from the desk of Joshua Miller. The two presidential candidates held the first of their three planned debates on Monday night, an event that was expected to be one of the most-watched in presidential history.
In this Nov. 30, 2006, file photo, people watch through glass as a killer whale swims by in a display tank at SeaWorld in San Diego. A former manager of SeaWorld was sentenced Friday to 30 months in prison for embezzling more than $800,000 over a period of eight years while he was working there.
The Federal Reserve flatly refused this week, for the umpteenth time, to hike interest rates because of the still-fragile nature of President Obama's very weak economy. It is barely growing at a mediocre rate of little more than 1 percent.
Hillary Clinton wants roughly $550 billion in new taxes and fees over the next decade -- affecting investment partnerships, large estates and banks -- that have received little to no public discussion from her campaign, a report from a Washington-based policy group shows.
IRS Commissioner John Koskinen expressed regret to Congress on Wednesday for his agency's past mistreatment of tea party groups, but said he has cooperated with congressional investigators and does not deserve to be impeached. The IRS chief made the remarks at a House Judiciary Committee hearing on a drive by hard-line conservatives to oust Koskinen.
Internal Revenue Service Commissioner John Koskinen testifies on Capitol Hill in Washington on Feb. 10, 2016. Koskinen has agreed to testify under oath Wednesday before the Republican-run House Judiciary Committee.
Donald Trump and his campaign have given a variety of reasons for refusing to release the candidate's tax returns. Now they have two new ones: the tax filings are too voluminous for voters to digest, and the files would distract attention from his campaign message.
Finance Secretary Carlos Dominguez III said the current rates of interest income taxes favor the rich and discriminate against low-income depositors who have to cope with high tax rates. The Department of Finance , he said, is now studying how best to correct the disparity in interest income taxes for peso deposits between rich and low-income depositors and harmonize current rates for dollar deposits.
Day two of the Charles and Linda Bolton federal tax trial involved two government witnesses on the stand throughout the day, and will likely be the last of the witnesses before the government rests. Renee Moore, a certified public accountant for Topp McWhorter Harvey, PLLC, which was formerly Nicholson & Company was the government's sixth witness.