Oliver Willis

Donald Trump’s Taxes, Explained

Donald Trump’s 1995 tax return was leaked to the New York Times. It showed that Trump reported $916 million in losses. That claim would have allowed him to evade paying federal income taxes for 18 years.

Mismanagement of Trump’s businesses – his three Atlantic City casinos, Trump Shuttle and Trump Plaza hotel reportedly caused the massive loss.

But billionaire Mark Cuban said that Trump’s massive losses he reported to the IRS “could just as easily be a tax shelter for him to avoid income taxes.”