The New York Times recently obtained Donald Trump's 1995 income tax record returns, revealing that he could have reportedly avoided paying taxes for nearly two decades.
In 1995, Trump reportedly declared a $916 million loss on his income tax records, a deduction that is so substantial, that the Republican presidential candidate could have legally avoided paying any federal income taxes well into the future, according to the Times.
According to reports, the tax records also reveal the benefit that Trump received from the mismanagement of his three Atlantic City casinos in the early 1990s. The Republican declined to comment on the records to the New York paper. But his campaign released a statement neither confirmed or denied the validity of the documents.
"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," the statement said. “That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes." The statement continued also noted Trump's knowledge about the tax code. "Mr. Trump knows the tax code far better than anyone who has ever run for President and he is the only one that knows how to fix it."
Trump campaign responds to New York Times story pic.twitter.com/whMVRiRGAX— Ben Jacobs (@Bencjacobs) October 2, 2016
The release of Trump's 1995 records follows his statement at during the presidential debates, in which Trump stated that he was "smart" for not paying taxes. Trump declined to share his tax records, making him the first presidential candidate since 1972 to do so. Check out pages from Trumps tax records here.