Comment on What 3 Tax Experts Think About Trump’s Loopholes

What 3 Tax Experts Think About Trump’s Loopholes

In the latest of many bombshells in this presidential election campaign, The New York Times reported Tuesday that in the early 1990s, Donald Trump used a tax loophole so “legally dubious” his lawyers advised him against it. This is how the scheme apparently worked, according to documents obtained by the Times: As the billionaire businessman’s casino empire tanked in 1990, Trump asked his backers to forgive hundreds of millions of dollars in debt.

 

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