Republican presidential nominee Donald Trump declared a $916 million loss on his 1995 income tax returns and the large tax deduction may have allowed him to avoid paying federal income taxes for up to 18 years, the New York Times reported on Saturday. The Trump campaign, in a statement responding to the Times report, said that the tax document was obtained illegally and that the New York Times is operating as an extension of the presidential campaign of Democratic rival Hillary Clinton. The newspaper said that tax experts it hired to analyze Trump’s records said tax rules which are especially advantageous to wealthy filers would have let Trump use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.
http://www.reuters.com/article/us-usa-election-trump-taxes-idUSKCN12202V
