Liberals are up in arms over the fact that presumptive GOP presidential nominee Donald Trump has refused to make his tax returns public. However, the last time Trump’s tax returns were made public, they revealed something that could explain his reluctance to release them now.
According to the Washington Post, a 1981 report by New Jersey gambling regulators revealed that Trump paid the federal government $0 in income taxes for least two years in the late 1970s by taking advantage of a tax-code provision popular with developers that allowed him to report negative income.
This goes against what Trump often says today, when he often denounces corporate executives for using loopholes and “false deductions to “get away with murder” when it comes to avoiding taxes.
“They make a fortune. They pay no tax,” Trump said last year on CBS. “It’s ridiculous, okay?”
When asked this week whether he would release his tax returns, Trump appeared to allude to the 1981 report.
“I will give that to you as soon as I get my audit finished,” he said, later adding, “But with that being said, when you’re in the real estate business, you do have certain tax advantages.”
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