Relaymedia

Donald Trump Criticizes the Current Tax Laws

( [email protected] ) Oct 04, 2016 10:15 AM EDT
The real estate mogul and businessman Donald Trump invalidated claims that insinuated that he has most likely avoided federal income tax for roughly 18 years. This comes after the report suggesting the above cases was unleashed during the weekend by New York Times.
Donald Trump speaking at the 2013 Conservative Political Action Conference in National Harbor, Maryland. Flickr / Gage Skidmore / CC

The real estate mogul and businessman Donald Trump invalidated claims that insinuated that he has most likely avoided federal income tax for roughly 18 years. This comes after the report suggesting the above cases was unleashed during the weekend by New York Times.

Trump shielded himself on Monday by emphasizing that he has constantly exploited the tax laws lawfully to the advantage of his organization and his representatives, he kept on gloating about how splendidly he has used the federal tax laws to his benefit.

The real estate mogul and businessman proceeded to emphasize on past explanations he had made amid the campaigns that he has constantly tried to pay the slightest conceivable amount of tax as required by the law.

As he attended to his supporters in Pueblo, Colo., he confirmed that his best course of action revolved around serving the supporters and not himself, the supporters cheered him for that announcement.

After the New York Times report that implied that Trump has most likely avoided income tax legitimately for a length of up-to 18 years, he expressed his discontentment with the income tax laws siting their inequity; this strategically redirected attention and consideration from the New York Times report.

In any case, Donald Trump re-affirmed that his in-grained awareness of the tax code gave him an enormous upper hand; this empowered him to profit largely form the federal tax laws. He proceeded to re-assert his commitment to serving Americans.

The real estate mogul claimed that by legitimately minimizing the amount of income tax he paid, he could create properties around numerous area's and subsequently trigger impressive development and growth in different communities.

The New York Times report that reported that the real estate developer had reported an immense loss of $196 million in his 1995 income tax forms which most likely exempted him from paying tax for the following 18 years. This report has brought Trump's charges regarding tax under investigation.

The real estate mogul has been under scrutiny for not divulging his tax return forms, Trump said that he will do that after the IRS has wrapped up a federal audit on him. Nevertheless, the IRS has severally clarified that the review does not frustrate one from discharging their tax return forms.