NEW YORK — Many Americans have been wondering, “Where the heck are Donald Trump’s tax returns?!” Well, this may explain why he hasn’t released them. According to the New York Times, Donald’s returns show he hasn’t paid taxes in nearly 20 years.
Wait, there’s more.
The NY Times also says the returns show Trump declared a $916 million loss in 1995. That’s right, nearly a billion bucks!
The newspaper says a tipster mailed in three pages of his 1995 income tax records. After making sure they were legit, the Times went public with Donald’s tax tricks.
Experts say Trump might have used the nearly billion-dollar loss to cancel out an equivalent amount of taxable income.
Of course, Hillary’s campaign came out with a “Trump Smart Tax Calculator,” where you plug in your annual income. It then reads, “If you were Donald Trump, you would have paid $0 in federal income taxes.”
Donald Trump says it’s because he’s “smart,” and tried to explain it all with these tweets:
Hey, nobody likes paying taxes, but shouldn’t you have to lead by example if you’re running for president?!