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Defying the Odds

Defying the Odds
New book about the 2016 election.

Sunday, October 2, 2016

Trumplosion, Continued

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.
Jenna Johnson reports at The Washington Post:
 Donald Trump's campaign announced Saturday evening that the candidate would soon deliver a nine-sentence critique of comments Hillary Clinton made months ago about many of the millennials supporting her primary rival, Bernie Sanders. It was an attempt to latch onto a new headline in hopes of finally escaping the controversies that had consumed his week.
It didn’t work.
It took Trump nearly 25 minutes to read the brief statement because he kept going off on one angry tangent after another — ignoring his teleprompters and accusing Clinton of not being “loyal” to her husband, imitating her buckling at a memorial service last month, suggesting that she is “crazy” and saying she should be in prison. He urged his mostly white crowd of supporters to go to polling places in "certain areas" on Election Day to "watch" the voters there. He also repeatedly complained about having a "bum mic" at the first presidential debate and wondered if he should have done another season of “The Apprentice.”