In the New York Times paper work from Donald Trump Tax Returns from 1995 show claims to losses of $916 million. The income tax return deduction was so substantial he was able to legally avoid paying taxes for 18 years. His mismanagement of 3 Atlantic city casinos, airline business, and the purchase of the Plaza Hotel in Manhattan led to such losses. Trump took advantage of generous tax loop holes letting him bypass $50 million worth of taxes each year in taxable income over 18 years. Trump's so called "forgiven debt" means the money he lost was actually other people's money.
This article is important because we now understand his misuse of money for his own gain yet it is unclear if his $2 billion status is still true today. This accurate relates to the colonist not wanting to pay taxes due to no representation however in Trump's case as a political figure he deserves to pay taxes as much as we do, making his behavior unacceptable for his own gain.
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