Donald Trump claims a $915,729,293 loss on his tax forms for 1995. Assuming his lawyers work hard to help him avoid paying taxes, it’s possible some of the loss is fabricated.
The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.
Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.
The New York Times
Note: The date used for this file is assuming Trump didn’t wait until the last minute to file his taxes. His signature overlaps the month on his tax forms, so it’s unclear which month he filed.
Sources
https://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html
https://www.nytimes.com/interactive/2016/10/01/us/politics/donald-trump-taxes.html
