What we can learn from Trump’s $916 million loss
- Written by David Hasen, Professor of Law, University of Colorado
On Oct. 1, the New York Times reported that Donald Trump claimed a US$916 million net operating loss on his 1995 New York state income tax return. The article suggested his doing so would have allowed the Republican presidential candidate to avoid paying federal income taxes for up to 18 years.
Since Trump himself has not released any of his tax...