Report: Trump losses may mean he didn't pay taxes for years

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  • Interloper Portland, OR
    Oct. 6, 2016 9:46 p.m.

    The Clinton Foundation spends 90% of its donations directly on charitable projects. It is professionally run, with none of the Clintons directly involved. Ranked among the top American charities by independent watchdogs. Certainly, there is nothing about the foundation that justifies Donald Trump not releasing his federal income tax returns.

  • UtahTroutStalker draper, UT
    Oct. 4, 2016 9:43 a.m.

    I don't blame Trump for using existing tax laws that benefit him. We all do that.

    I just think this shows that he is not that great of a business man. Why would elect someone who was careless with nearly a billion dollars of the bank's money?

    It just shows that he does not make good business decisions, then relies on the rest of us to bail him out. That's how the super-rich stay super-rich. On the backs of the middle-class.

    Sorry, but he won't get my vote.

  • Liberal On Planet Zion SLC, UT
    Oct. 3, 2016 12:49 p.m.

    One should add "desperate" to the never-ending growing description of Trump and the low information supporters. If you are unable to match your opponent's factual information use the Faux News/wing nut talk radio card and begin purposely misleading. I.E.

    "Trump has paid way too much taxes to a very greedy IRS."

    "If people don't care that hilary got hundred million in a pay for play "speaking scam", or that she "lost" 30,000 emails, or that she has lied".

    "There is all kinds of skullduggery being done by the Clinton foundation."

    "Then, you have actual tax cheats who do not pay their taxes, including Congressmen from New York City, Philadelphia and Illinois, one or more prominent civil rights agitators, and assorted Clinton cronies....".

    "Hillary supporters are largely made up of the bottom 50% while the majority of Trump's supporters belong to the 20%,therefore most of Hillary's supporters pay little or no federal taxes while consuming the majority of the benfits..."!

    Imagine the comments from the extremist, delusional far right if this was President Obama rather Trump.

  • MikeS. Salt Lake City, UT
    Oct. 3, 2016 10:55 a.m.

    "Lower taxes, raise taxes? WHO CARES?! I don't pay 'em anyway! Bwah, ha, ha,ha!!!" - Donald Trump

  • Contrariusiest mid-state, TN
    Oct. 3, 2016 10:30 a.m.

    @worf --

    "Trump has paid way too much taxes to a very greedy IRS."

    Since when is $0 too much?

  • MikeS. Salt Lake City, UT
    Oct. 3, 2016 10:03 a.m.

    "Wow, Hilarary Clinton was SO INSULTING to my supporters, millions of amazing, hard working people." - Donald Trump
    Millions of hard working people who have been PAYING taxes while I lounge in my golden gilded home.

  • worf Mcallen, TX
    Oct. 3, 2016 8:40 a.m.

    Let's be fair, and honest!

    Trump has paid way too much taxes to a very greedy IRS.

  • contrariuss mid-state, TN
    Oct. 3, 2016 4:39 a.m.

    @Just want to know...... --

    "You must have read a different CharityWatch report than I did."

    Could be. I read the one on the CharityWatch website.

    "There is all kinds of skullduggery being done by the Clinton foundation that they clearly listed."

    Nonsense.

    CharityWatch reports, and I quote:

    "Bill, Hillary, and Chelsea Clinton Foundation"
    "Other Names
    Clinton Foundation
    Clinton Global Initiative
    Clinton Health Access Initiative
    William J. Clinton Foundation"

    "RATING: A "

    "Program Percentage : 88 % "
    "Cost to Raise $100 : $ 2 "

    "This charity is Top-Rated."

    "Hot Topics & Donor Alerts: CharityWatch gives Clinton Foundation an 'A' rating"

    Also, from the Washington Post in 2015: "in a new rating published Monday, the American Institute of Philanthropy's Charity Watch gave the foundation an "A" rating for financial performance. The group assessed that the foundation spent 89 percent of its 2013 expenses on charitable programs. The organization spent just 3 percent on costs associated with fundraising, Charity Watch found."

    You were saying?

  • Just want to know...... Northern Utah, UT
    Oct. 2, 2016 10:02 p.m.

    Contrarius,

    You must have read a different CharityWatch report than I did. There is all kinds of skullduggery being done by the Clinton foundation that they clearly listed.

  • Herbert Gravy Salinas, CA
    Oct. 2, 2016 9:40 p.m.

    @one vote

    "many tax returns not filed."?

    Your proof sir (or ma'am)?

  • Tolstoy salt lake, UT
    Oct. 2, 2016 8:53 p.m.

    @counter intelligence
    I was not aware the IRS had offices in Trump towers. Trump broke with common sense when he celebrated and called for more hacking. I am sure you are fimiliar with the term you brake it you buy it. Trump owns this one.

  • one vote Salt Lake City, UT
    Oct. 2, 2016 8:49 p.m.

    The new Conservative darling leads by example. Many bankruptcy to be filed and many tax returns not filed.

  • Freedom Seeker Riverton, UT
    Oct. 2, 2016 7:49 p.m.

    So what? Both parties are responsible for passing all of the tax deductions to influence votes. Trump should not be criticized for taking advantage of the lawful tax breaks they passed. Oh, by the way the news agency who may have unlawfully obtained Trump's tax records, and publicized them also paid no taxes in 2014. Again, so what?

  • Hutterite American Fork, UT
    Oct. 2, 2016 3:32 p.m.

    Trump is trying to win our favour by telling us it's not right someone like him pays no federal tax and hoping we forget that, given the opportunity to pay tax or not, he chose not to. He was not forced to not pay taxes.
    Now he wants to convince us that he, knowing how much the system favours him, wants to change it.
    He's lying.

  • Counter Intelligence Salt Lake City, UT
    Oct. 2, 2016 3:28 p.m.

    Better headline: NYT illegally obtaining private citizens tax returns may indicate that the IRS is still be being used as a political weapon to silence dissent

  • GaryO Virginia Beach, VA
    Oct. 2, 2016 3:02 p.m.

    Lyin' Hillary huh?

    Lyin' Hillary is a Saint compared to lying, cheating, thieving, cyberstalking, tax evading Donald Trump, isn't she?

    Trump himself is the favorite beneficiary of the Trump charitable foundation.

    He would also be the main beneficiary if he is elected President. From Trump's point of view, the American people are just more chumps for him to rip off.

    Reaganomics has allowed the richest of the rich to skate by free at the expense of everyone else. And how did Trump qualify to NOT pay taxes for two decades? It was because of his massive LOSSES . . . Almost a BILLION dollars alone in 1995. It was because of his massive FAILURES.

    The entitlement mentality is embedded so strongly within Trump that he thinks he is ENTITLED to be President of the United States . . . And of course he is entitled to cyberstalk a former beauty queen if he wants to. After all, he is a Republican billionaire.

    Trump is WRONG on so many levels.

    What does that say about his wildly enthusiastic supporters?

  • Henry Drummond San Jose, CA
    Oct. 2, 2016 1:22 p.m.

    This is why it is so important that candidates release their tax returns. When somebody makes millions, lives a lavish lifestyle, and pays less in taxes than a grocery store clerk, people have a right to question if he should have veto power over legislation to reform such a system.

  • RC in WJ WEST JORDAN, UT
    Oct. 2, 2016 1:15 p.m.

    Re: DN Subscriber

    "Trump working within the law is not a scandal. It proves he is a smart businessman"

    Losing close to a billion in one year really show's me how smart a businessman he is!

    Dream on Pubs!

  • kfbob SALT LAKE CITY, UT
    Oct. 2, 2016 1:15 p.m.

    Non-story.

    If people don't care that hilary got hundred million in a pay for play "speaking scam", or that she "lost" 30,000 emails, or that she has lied on numerous occasions, or that she let 4 American die in benghazi, this is a non-story.

  • ute alumni SLC, UT
    Oct. 2, 2016 12:58 p.m.

    For anti trump anti work never paid taxes or created job liberals, losses offset taxes everyday of the week for millions of Americans. This is not news. How about Benghazi, whitewater, vilifying Billy's victims, laughing about getting a child rapist off the hook, reset with Russia, Libya, Clinton foundation, pay to play, destroying govt. docs, emails, lying under oath....getting handcramps. The list goes on.

  • xert Santa Monica, CA
    Oct. 2, 2016 12:56 p.m.

    Oh, the political gymnastics employed by Trump voters to try to turn this into a non issue and something to point to as proof that their man is the guy for the job. You really want this to be okay, don't you? I suspect that if any of them were presented a receipt that showed exactly what they themselves and the rest of America had to dish out to cover his non payments, which were a direct result of horrible losses (91 million?) they'd praise him and say--"Well, that money might have gone towards paying for my kids education--but good for him! Well played, Sir!"

  • Herbert Gravy Salinas, CA
    Oct. 2, 2016 11:45 a.m.

    @furry

    Shows nothing of the sort. There can be many reasons for catastrophic losses. Do you or any of us know all the reasons for those losses? Probably not.

    Let's move on to Hillary's skulduggery and various peccadillos.

  • worf Mcallen, TX
    Oct. 2, 2016 11:31 a.m.

    Trump is paying more taxes for our "national needs", than all those posting on this article combined.

    All those who are complaining about him being a crook, should be ashamed of yourselves.

  • Anti Bush-Obama Chihuahua, 00
    Oct. 2, 2016 11:29 a.m.

    As much as I don't like Trump. Not paying taxes is not one of those reasons. Taxation is Theft.

  • Daedalus, Stephen ARVADA, CO
    Oct. 2, 2016 11:27 a.m.

    Remember when Trump should be President because of his success as a businessman?

    Now the narrative is that Trump is a uniquely savvy taxpayer, who alone can Make America Great Again.

    Sure, Trump -was- savvy to offset his current years' taxable income by legally deducting net operating losses (NOLs) carried forward from past years.

    But so were millions of tax-payers who did the same thing, sitting at home, using DIY tax prep software.

    The real story/question is whether Trump's aggregate experience in the business world is a net "success" or "failure".

    Incurring $950MM in losses across multiple ventures within a couple year span is a spectacular failure in the business world...the exact opposite of "success".

    Has Trump made money since then? Sure.

    But if Trump's aggregate business income over the intervening years has not exceeded that $950MM, Trump is a failure as a businessman, still in the red, having lost more than he ever gained.

    His recent tax returns will show whether he fully exhausted the NOL deductions. If not, he never broke-even over his entire business career.

    (e.g., a failure)

  • Tolstoy salt lake, UT
    Oct. 2, 2016 10:59 a.m.

    Well at least Trump partially told the truth about one thing. The system is defiantly rigid what he fails to add that it is in his favor. The average Working class Joe would never get away with filing bankruptcy six times and keep our homes or cars etc let alone pay no taxes because we spent or money unwisely.

  • H. Bob Salt Lake City, UT
    Oct. 2, 2016 10:59 a.m.

    Boy, it sure is interesting to see some of the same commenters who disparaged "the 47%" who pay no taxes now defending perhaps the poster boy for that same percentage. Are they also going to turn on Romney and call him a "bad businessman" for paying 15%? It's astonishing that someone can lose nearly a billion dollars in one year of doing business and be praised as some sort of genius.

  • Shaun Sandy, UT
    Oct. 2, 2016 10:35 a.m.

    I don't get it, Republicans claim trump is a smart person for paying the least amount of taxes under the law but then they criticize poor and middle class Americans for paying no income tax. Are poor and middle class Americans not just doing the same thing as trump?

  • JoeCapitalist2 Orem, UT
    Oct. 2, 2016 10:02 a.m.

    Of course Trump has something to hide. He knows that Hillary and her surrogates would love to get their hands on his tax returns and make hay with every item in it. Without it, we can only speculate what things he is trying to hide. Given that he is audited all the time by an IRS that is hostile to him, I have confidence that he is on the legal side of the law.

    I wish we could be equally confident about all those emails Hillary had deleted. She, on the other hand, got to do a 'self audit' by her co-conspirators and was investigated by the FBI, who had zero interested in really finding out if laws were broken.

    Other things we would love to be made public:

    1) An audio tape of Bill and Lorretta Lynch's conversation in that plane on the tarmac.
    2) A transcript of Hillary and Obama's conversation where it was decided to put out the phony internet video story about Benghazi.
    3) A record of Hillary and Bill's private conversation when the Lowinsky scandal broke.
    ...there are dozens more if space allowed.

    Both sides would love to have the other side's dirty laundry aired for all to see.

  • Furry1993 Ogden, UT
    Oct. 2, 2016 9:51 a.m.

    These tax returns show that Trump lost close to a billion dollars doing business IN ONE YEAR (emphasis added) -- that suggests that he is an incredibly terrible businessman. This premise is supported by the report that no US bank will provide financing to Trump or his businesses, and that Trump's financing comes from foreign banks (reports say from Chinese and Russian banks). That bad a businessman, and one who is beholden to banks in countries which do not have US interests in their "hearts", is not someone who should have any part in the governance of the United States, or any control over (or input into) its financial interests.

    This makes it clear that it is imperative for a fully disclosure of Trump's taxes, including a definitive statement of why they're being audited AND also be provided with audited financial statements for his personal and corporate accounts. We really need to know where he gets his money and what he owes to who.

    We need to know to whom he is beholden, and who could have control over him. In other words, who could make him adversely affect US interests.

  • Bumperboo Polson, MT
    Oct. 2, 2016 9:35 a.m.

    So many reasons to keep Trump out of Washington. You really think he cares about you or me? Ha trump only cares about Trump. He wants love and acceptance and he won't get that as president. He will be so preoccupied with figuring out ways to get revenge for every little slight, his ability to govern will be hampered. Heaven forbid that some foreign leader should offend. Look out for the mushroom cloud! And as for his tax returns, I suspect there is more there than just the fact he has paid no taxes for 18 years. Should be interesting. Oh us, the comment that his supporters are from the top 20%- hahaha. That's the irony. His supporters are, for the most part, the less educated lower income folks. I guess they have the "pay no taxes" thing common.

  • pwlohse Dueren, 00
    Oct. 2, 2016 9:23 a.m.

    Trump could put the issue to rest. Why doesn't he? A logical assumption is that he has something to hide. Something that would make voters furious. Or as his son put it: the returns would be a distraction for the Trump presidential campaign. Distracting from what?

  • Baron Scarpia Logan, UT
    Oct. 2, 2016 9:11 a.m.

    The real issue here is not if he legally followed tax laws -- he probably did -- but if he did pay no taxes for years, it exemplifies how "rigged" the system is to benefit the rich and corporations. You and I pay our taxes, but don't have the access to all the opportunities to report "losses" and right off expenses to essentially pay no taxes.

    Now while we can thank Congress for setting tax code, the reality is that it is the wealthy and corporations who lobby Congress to pass specific types of loopholes and opportunities to reduce tax liability. As middle class folks, we don't have big lobbyists working on our behalf to minimize our tax liabilities.

  • Vermonter Plymouth, MI
    Oct. 2, 2016 9:01 a.m.

    Given everything going on with the Clinton foundation, this is a lot feigned outrage from Hillary. Don't think the American people are smart enough to see through this.

    In reality, Hillary is asking us to be outraged because Trump followed the (tax) law.

  • Impartial7 DRAPER, UT
    Oct. 2, 2016 8:58 a.m.

    The issue we should be worried about is not if Trump paid taxes. The issue that his tax returns will show is how much money has he borrowed from Russia and China. Trump's praise of Putin & Russia should be the biggest red flag from a campaign that seems to have a lifetime supply of red flags.

  • contrariuss mid-state, TN
    Oct. 2, 2016 8:54 a.m.

    @DN Subscriber --

    "The example of the Clinton Foundation spending massive amounts for luxury lifestyle for Bill, Hillary and Chelsea"

    This claim simply isn't true.

    Yet again -- independent charity monitoring groups like CharityWatch give the Clinton Foundation an A rating, and report that 88% of its income is spent on programming. The industry standard is 75%.

    Please stop spreading false claims.

  • Freedom Seeker Riverton, UT
    Oct. 2, 2016 8:44 a.m.

    According to news reports he has done nothing wrong. He followed tax code at the time. Why are we even talking about this?

  • fani wj, UT
    Oct. 2, 2016 8:28 a.m.

    My vote for Trump has absolutely nothing to do with what he says, do or his taxes. It has everything to do with both parties has failed. Both republicans and democrats for years - their main focus is their own power and everything they do is to maintain power. That is why the IRS and FBI has become part of the democratic party machine. The reason the establishments of both parties hate Trump because they are scared their powers are in jeopardy. This is why Trump's support never falter regardless of what he says because the regular folks has fed up with Washington. Vote Trump for the change we need to right this great country.

  • Herbert Gravy Salinas, CA
    Oct. 2, 2016 8:15 a.m.

    No, it doesn't mean that at all. He paid much, much more in taxes than Hillary and Bill ever thought of paying.

    Question: Did Bill and Hillary receive any tax benefit from the $1 Million "donation" they made to their own foundation in 2015? Answer: Yes.

    Question: Why? Answer: Because the tax laws allow it.

    Donald Trump is no different than you, me, Mitt Romney et al who pay the least tax that the law requires. Just common sense. How many of us "donate" to the government by paying more tax than required? I thought so.

    Donald Trump accounts for billions in tax payments to all government entities while the Clinton's pay only a few million. Arguments about Trump's tax payments are beyond silly.

    Wake up America. Trump/Pence 2016

  • JSB Sugar City, ID
    Oct. 2, 2016 7:23 a.m.

    @ DNSubscriber
    "Trump working within the law is not a scandal." SCANDAL: "a person whose conduct brings disgrace or offense." So there are lots of things you can do that are legal that aren't moral or ethical and may be scandalous. Clinton and her tapes and Trump and his tax returns and many other things reveal they both are hiding something. Their appeal is to people at the shallow end of the gene pool. If I vote my conscience, I won't vote for either of them.

  • Big J Bountiful, UT
    Oct. 2, 2016 7:21 a.m.

    DN Subscriber - Cottonwood Heights, UT

    Well said. This issue is a non story. Using the tax code to minimize your taxes is every American's right. While I find many problems with the tax code and wish for some changes, Trump as far as I can tell, obeyed the law.

    Should he be president? That my friends is a whole different discussion.

  • Mick Murray, Utah
    Oct. 2, 2016 7:01 a.m.

    Is he in jail or should he be for tax evasion? If not, he is only following the law. The law that many other of our politicians follow to keep their earnings as well.

    I find it really hard to believe that so many people are furious about Trump and his unwillingness to release his taxes but they couldn't care less about Hillary and her lies and emails, the shady Clinton foundation and big fat "speaking fees" to Wall Street investors. There are a lot more skeletons in that closet.

    And by the way, I will not be voting for either of these people.

  • raging_texan Arlington, TX
    Oct. 2, 2016 6:38 a.m.

    what's this obsession with income tax returns anyway? Just repeal the 16th amendment and abolish income taxes already.

    Look, both Hillary and Trump are cheaters and crooks. How much time are you going to spend analysing the various ways they cheat?

  • Max Upstate, NY
    Oct. 2, 2016 6:33 a.m.

    The issue is whether or not Trump followed the tax laws, not how much taxes he paid. If Trump's accountants didn't follow the law, he would be hearing from the IRS. He would be audited, BIG TIME. If he had losses that he was able to write off over the years, that is because the tax laws that are passed by congress allowed him to do it. YAWN!

  • 10CC Bountiful, UT
    Oct. 2, 2016 3:03 a.m.

    @DN Subscriber - if all Americans admire Trump's ability to avoid contributing to our national needs, and we push for Legislation dramatically reducing our ability to pay for the military, veterans benefits, obligations to seniors, etc...

    ....does this make us a collectively smarter nation?

    To show we really mean it to our (likely reluctant) Congress, maybe we should organize a national tax strike? That would show 'em, right?

  • worf Mcallen, TX
    Oct. 2, 2016 1:31 a.m.

    You don't get a hotel room without paying taxes.

    Trump businesses have generated tens millions of dollars for the feds to squander.

    Why should Trump pay anymore in taxes to a bunch of greedy politicians?

    Wake up America, and quit supporting theft.

  • Thid Barker Victor, ID
    Oct. 2, 2016 12:33 a.m.

    About 75% of all federal taxes are paid by the top 20% of taxpayers and the bottom 50% of taxpayers only contribute less than 4% of all federal taxes collected. Hillary supporters are largely made up of the bottom 50% while the majority of Trump's supporters belong to the 20%,therefore most of Hillary's supporters pay little or no federal taxes while consuming the majority of the benfits paid for by other people! Shouldn't they should be grateful for the 20% instead of whining about not getting enough of other people's money? This one reason I could never vote for free money Hillary!

  • DN Subscriber Cottonwood Heights, UT
    Oct. 1, 2016 11:30 p.m.

    If he obeyed the tax laws and it turns out that following the rules meant he did not owe any taxes the n good for him. No person is obliged to conduct their affairs so as to incur more tax liability than is allowed.

    Every person paying taxes who demands "the rich should pay their fair share" should first write a check to the Treasury to show their own commitment to paying more than is required.

    The example of the Clinton Foundation spending massive amounts for luxury lifestyle for Bill, Hillary and Chelsea and employing huge staff of operatives while passing out a tiny percentage as charitable spending is another example of how creative accounting can exploit our tax laws.

    Then, you have actual tax cheats who do not pay their taxes, including Congressmen from New York City, Philadelphia and Illinois, one or more prominent civil rights agitators, and assorted Clinton cronies who were pardoned.

    Trump working within the law is not a scandal. It proves he is a smart businessman. If you don;t like it, change the tax laws.

  • Utah Girl Chronicles Eagle Mountain, UT
    Oct. 1, 2016 10:50 p.m.

    Trump may win Utah, which in itself would be shameful. Hillary reduced him to a puddle in that debate. It's hard to see a guy become President who wraps himself around veterans declining to donate $1 on his tax return to a local veteran's group. The media is doing their job in bringing this to our attention. On every level, this is a very small, greedy man.

  • Basketballgirl75 Provo, , UT
    Oct. 1, 2016 10:32 p.m.

    I would like to see his tax filings. If he be is going to be commander in cheif, and is using the platform that his business experience will make him a great president, he needs to prove it by releasing his taxes. I feel that he is hiding something by not releasing his taxes. If he hasn't paid income taxes, that also proves to me that he is not who he is portraying in his campaign. He can put all questions to rest by just releasing his tax returns.