(SL) – Donald Trump has had the week from hell to be blunt. His attempt to shame former Miss Universe winner Alicia Machado backfired. He threatened to bring up Bill Clinton’s indiscretions during the next debate to which even his own camp disapproves of considering there have been claims that he cheated on Ivana Trump with Marla Maples. The alleged affair also brought out other claims including his first wife making the statement that she often felt like she was being raped by Donald when they were intimate in her book.
And now..his tax returns have been leaked and it’s clear why Trump was trying to keep the information private. Trump’s returns could prove the Republican Presidential nominee hasn’t paid taxes in nearly two decades.
The New York Times reports, Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.
The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.
Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.
Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years.
Also pain staking from Trump, New York Attorney General Eric Schneiderman ordered Donald Trump’s charity to immediately halt fundraising in the state, following reports that it had not submitted to routine audits mandated by the state.