Trump Had $916 Million Loss in ’95, Cutting Taxes, NYT Says
- Newspaper reports receiving pages from his return in the mail
- Campaign responds that he’s ‘paid hundreds of millions’ in tax
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Donald Trump was facing renewed pressure to release his personal tax information after a New York Times report that he recorded a $916 million loss on his 1995 income tax return, a deduction that might have allowed him to cut his federal income tax for several ensuing years.
The Times, citing tax analysts, reported on Saturday night that based on Trump’s 1995 income tax documents, he might have been able to reduce his tax bills for as many as 18 years. The newspaper posted to its website three documents, which purported to be from state tax returns in New York, Connecticut and New Jersey. It received the documents in the mail last month, the newspaper said.