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Trump’s Tax Records Are Irrelevant, Fellow Developer Sam Zell Says

  • ‘Every other real estate investor’ used same tactic: Zell
  • Zell says cash flow a better indicator of business success
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Sam Zell Says Trump's Tax Returns Aren't Relevant

Billionaire investor Sam Zell dismissed President Donald Trump’s tax records as irrelevant, saying that as a fellow real estate developer in the 1980s and ’90s, he used some of the same deductions to report losses.

“Absolutely, as did every other real estate investor in the United States,” Zell said in an interview on Bloomberg Television from the SALT conference in Las Vegas.