Oct 03, 2016

Could Trump Be Practicing 'Debt Parking' to Avoid Taxes? | The Weekly Standard

The New York Times's report on Donald Trump's tax records from 1995 suggests the Republican nominee may have avoided paying federal income taxes for up to nearly two decades afterward. That's because Trump declared a loss of almost $1 billion from his business dealings, and U.S. tax law allows wealthy individuals to apply losses to future tax bills, reducing one's tax burden. Although Mr. Trump's...

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