Trump Gets Buried Over Tax Loss, No Mention On The Clinton’s Doing The Same

The United States tax code is remarkably and unnecessarily complicated, so it should be of little surprise that those that are well-versed in its inner workings can find a way to use it to their advantage. That sounds like it’s the case for Donald Trump, who spent the weekend being completely assailed over the unexpected release of portions of his 1995 tax return, which showed substantial losses and pointed to the possibility that he avoided federal taxes for some time in the aftermath.

As Breitbart explains, he may not be the only presidential candidate that’s used the current tax code to their advantage. A glance at the tax return of Bill and Hillary Clinton points to a “long-term capital loss carryover” of nearly $700,000, which could have substantially lessened the couple’s tax burden.

Despite the appearance of impropriety, the use of losses as carryovers is common practice in the world of complex tax returns. While many will focus on whether the candidate’s paid their fair share or not, perhaps the bigger issue is a tax code that is so convoluted and out of touch that it requires teams of accountants just to make sense of it.

Source: Breitbart
Photo: Gage Skidmore/Flickr

Tell Us What You Think

More News Stories

One major city has had quite enough of Donald Trump's antics.

The Mayor of Chicago is fed up with President Donald Trump's immigration...

A six-month pregnant waitress in Delaware is being hailed as a hero for helping locate two missing teenage girls, but she says it was just the...

Newt Gingrich on Thursday joined other Republicans in ridiculing Democratic members of Congress who decided to skip Friday’s presidential...

Sarah Palin was in Tulsa, Oklahoma on Wednesday when she discussed President Obama's treatment of veterans. She said "I guess it's kind of the...

Jalil Ibn Ameer Aziz, 19, was hit with terrorism charges after he tried to terrorize 100 U.S. military members by posting their private...

Latest News Stories

Two men from Wisconsin allegedly celebrated with a high-five after murdering an elderly marine veteran. According to local media, the veteran, 76-...

Some football fans are dramatically expressing their feelings about players “taking a knee” during the national anthem before NFL games to protest...

Recently, Conservative radio host Howie Carr asked Trump about his donations to the Clinton Foundation, as well as his contributions to other...

In South Korea, dog is a common menu item. People of the country believe that the meat of canines helps increase energy and vitality, and it's...

In 2009, a New York teen vanished while she was on vacation in South Carolina with her friends. As the search went on for years, authorities...