Modal close

Hi there,

You trust Democracy Now! to bring you the news stories and global headlines you won't find anywhere else. But did you know that Democracy Now! never accepts money from advertisers, corporate underwriters or governments? This allows us to maintain the editorial independence you rely on—but it also means we need your help. If everyone seeing this gave just $4 a month, it would more than cover our expenses for the entire year—and today a donor will DOUBLE your first month. Please do your part. It takes just a couple of minutes to make sure that Democracy Now! is there for you and everybody else. Thank you so much!
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Trump May Have Paid No Taxes for 18 Years, 1995 Tax Returns Show

HeadlineOct 03, 2016

In news from the campaign trail, three of Donald Trump’s newly revealed tax returns show Trump claimed an income tax loss of nearly $917 million in 1995. The deduction means Trump could have paid zero federal income tax over an 18-year period. The Trump campaign has not challenged the authenticity of the documents, which were leaked to The New York Times, but said in a statement, “Mr. Trump is a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required.” Trump’s media surrogates defended the practice, including former New York City Mayor Rudolph Giuliani, speaking with CNN’s Jake Tapper.

Rudolph Giuliani: “You might remember a few years ago it was pointed out that GE paid no taxes.”

Jake Tapper: “Yeah.”

Rudolph Giuliani: “So, the reality is, this is part of our tax code. The man’s a genius. He knows how to operate the tax code for the benefit of the people he’s serving.”

Donald Trump’s tax records were sent to The New York Times by an anonymous source, with a return address listed as originating from Trump Tower. A lawyer for Trump threatened The New York Times with prompt legal action. Trump has refused to make his tax returns public, breaking a precedent followed by every presidential nominee since 1976.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Up arrowTop