Why It’s So Hard to See Politicians’ Financial Data
The New York Times - 10/04/2016
You don’t learn much from tax returns,” Donald J. Trump said last week in the first presidential debate. That line may become as famous a gaffe as Gerald Ford’s claiming in a 1976 debate that Eastern Europe wasn’t under Soviet domination.
Mr. Trump’s 1995 tax return, portions of which were published over the weekend by The New York Times, shows that he had such huge losses in the early 1990s that, thanks to incredibly favorable tax laws, he could have potentially avoided paying federal taxes for up to 18 years. We don’t know how much tax he did avoid, since Mr. Trump won’t release his other returns, and there is no law requiring him to.